San Lu Group of foreign implying to all of Sanlu shares will be sold

Yesterday, Fonterra chief executive Andrew Ferrier said: "Although the parties have not reached the final on the sale of assets Sanlu agreement, but the present situation, it is more likely that these assets will enter the Sanlu liabilities. And This is the result of Fonterra will have to write off the investment. "This means that Fonterra will sell all shares in San Lu. Fonterra in 2005 injected 864,000,000 yuan stake in San Lu, San Lu holds 43% stake in San Lu in the board of directors to send three directors. Melamine incident, the Fonterra stake in San Lu estimated 59% of the asset impairment, that is, 85,000,000 U.S. dollars, the book value of equity therefore reduced to 42,000,000 U.S. dollars. Fonterra said that the sale of stake in San Lu will allow Fonterra in China to find new investment opportunities. Fonterra shares held by the New Zealand dairy farmers also believe that the melamine incident so that they are victims, should quickly hand Fonterra's stake in San Lu, in order to protect the Fonterra and the quality of the milk. Previously, the company has denied that the sale of stake in San Lu. In addition, yesterday there were indications that the basic program to finalize the sale of Sanlu: Three will be hosting the first post-acquisition. And the continued acquisition of the final results are expected to be released before the end of the year. According to the group close to the negotiations related to the sources, three with San Lu has reached an agreement on the acquisition and are just waiting for final approval. Sanlu been exposed "temporary special meeting of shareholders," records also confirmed that the trade with San Lu intention will be to reach a core business asset lease agreement, the first trustee to take further asset acquisitions. A few days ago, there were indications that three Sanlu 7 will be the core of the factory. The dairy industry experts believe that the first purchase and then hosting is a good idea. At the same time, hosting the first of three ways, it is a more favorable way, three for the time being, it does not matter what the compensation, then we would not have set a lot of pressure. Trust is a transition period, make things more clear. Experts believe that hosting also allows three to invest more effort in marketing, three from the start on a large scale this year, the market will be able to see an Ternary card already. Three days ago for the first time to participate in the tender CCTV at the scene and go to spend 1.3 billion yuan moves, which proved that three of the market has begun to take action. The experts believe that with the arrival of milk sales season, the acquisition of San Lu's case to resolve sooner rather than later, three as a listed company, its development of the new fiscal year, the channel construction, factories and so on, should start Before the start of the new fiscal year has a clear view and the overall planning, the final result is expected to be released before the end of the year. Three relevant person in charge also confirmed that three in 2009 to increase the country's market expansion efforts, at present, three in Beijing and Beijing rather than market share, increase in the national market expansion, which will share a certain Upgrade. From the publicity strategy, the initial three choices will be the main brand, the main push in the late listing of new products.