Due to non-public offering of the relevant planning issues today Xiangyang bearing suspension, which also caused the market share of assets on corporate restructuringbronze bushing and tricyclic speculation. However, company executives have flatly denied that, saying the private placement to raise funds, has nothing to do with the reorganization.
Xiangyang bearing on the restructuring of the rumors a long time. End of April 2009, the direct involvement of SAC in Hubei Province, Xiangfan City,brass bushing Xiangfan SASAC will hold 95% stake in Axis Group, free of charge transferred to the tricyclic group, which became the Xiangyang bearing the actual controller. Xiang Group,plain bearing took three-ring axis group, and owns two auto parts companies, potential integration into the inevitable.
For the widely anticipated "restructuring", yesterday in an interview with the newspaper writer, Xiangyang bearing the relevant high-level respect "impossible,plasic bushing " adding that this is only speculation, the company has sent a clarification to this special notice.
Since then,Mould guide plate Hubei energy ring through all of its assets and shares of all assets and liabilities for asset replacement, excess issued by the listed company to buy 1.78 billion shares in the form,DU bushing to achieve reverse merger. Market was forecast, shares set a ring of auto parts assets into Xiangyang bearing will choose, but has no progress.