Latest results of potash negotiations in 2006

Despite weekly meetings, there was no progress in negotiations between the BPC and Chinese representatives this week. BPC is still sticking to a $40 price increase. The Chinese side generally denominates the price on the basis of FOB, and the contract term is 1 year.

For other Asian markets, CIF rates have been accepted last year, while the Chinese side believes that the market demand will shrink this year, and instead believes that the price should be lowered by $20. We believe that the final conclusion of the agreement may be delayed until the end of March and early April, depending on the depletion of domestic inventories and the patience of the Canadian side. So far, Canadian and CIS suppliers have scaled back production, while others are gathering strength to wait for domestic contracts to be finalized and ready to ship to the market.

More and more producers are complaining that they have already suffered serious losses in production or sales, how can they still make concessions on the best? It can be seen that suppliers have saved up enough energy and are waiting for the demand to rise. At the same time, the Chinese side believes that in the past two years, potassium chloride has become very ferocious, and another $40 is unrealistic.

Suppliers argue that the global demand base has not changed, with crop production hitting a new high in 2005 but not bringing inventories out of the trough and consumption increasing over the same period. In addition, if a large number of buyers concentrate on the purchase of goods in April 5 June, logistical problems such as the scheduling of cargo ships will also become difficult. At the same time, other markets in Asia, such as Iran, Taiwan and Vietnam, have begun to place orders.

Elsewhere, according to BPC, Conagra and Agriliance have signed agreements with BPC to supply the U.S. market until mid-next year.

Production: China Business Network.

Fertilizers such as urea, superphosphate, and potassium sulfate can be stacked in a cool, dry warehouse for 20 years and are still effective.

From the analysis of the characteristics of fertilizers, as long as the fertilizer is stored properly, the packaging bag is not damaged, not rained, not damp, and not mixed with alkaline substances, it can generally be stored for a long time, so the country currently has no provisions on the shelf life of fertilizers. For example, urea, superphosphate, potassium sulfate and other fertilizers can be stacked in a cool and dry warehouse for 20 years, except for the fertilizer to produce agglomeration, there is no change in nutrient content and other indicators.

It should work. But it's hard to say about the other ingredients.

The amount involved in the Zhang Keqiang Salt Lake case is as high as 4.4 billion yuan, and the largest number of people involved is Huamei Group, but the relevant person in charge of Huamei Group said that investing in Salt Lake is correct and not illegal, but the acquisition of Xingyunxin is a mistake, and Huamei has caused this unjustified disaster, which is really wronged.

On July 4, 2007, six months after the suspension of Salt Lake's trading, the company confirmed and announced a backdoor plan, and the equity of Salt Lake Group was priced into yuan shares. At that time, Xingyunxin was still a subsidiary of Yunnan China Tobacco, and it was still an out-and-out state-owned enterprise. But five months later, things changed, and Xingyunxin's parent company, Xingyun Investment, transferred the company to Huamei Harvest and Huamei International Investment Group, controlled by Zhang Keqiang, for 80.5 million yuan.

Because after the completion of this transaction, Xingyunxin publicly stated that the Salt Lake shares held by the company are trust property, and the actual owners are Huamei Harvest, Wang Yihong, Shenzhen Hezhihe Company and Xingyun Investment. This acquisition and Huamei's investment in Salt Lake are two completely different concepts, but it was this small move that planted a deep seed and caused Zhang Keqiang to get into a lawsuit.

Zhang Keqiang's experience was all caused by investment, and the prosecution has always emphasized that Zhang Keqiang's Huamei Group does not have the identity of investment, because Huamei acquired Xingyunxin, but Huamei does not have the identity of a state-owned enterprise, so Zhang Keqiang is suspected of fraudulently using the identity of a state-owned enterprise to defraud national assets. The "fraudulent acquisition" here refers to the 100 million shares of Salt Lake held in the name of Xingyunxin, and the "fraudulent use" is because the prosecutor believes that Huamei and other private enterprises do not have the investment qualifications of "must be state-owned enterprises" limited by the Salt Lake Group at that time. However, the acquisition of Xingyunxin is not Zhang Keqiang's personal behavior, and if he is responsible for this matter, Xingyunxin cannot get rid of it.

Therefore, the prosecution indicted Zhang Keqiang and seven others on the charge that Huamei Group did not have the qualifications to invest in Salt Lake and that it was a fraudulent use of the identity of a state-owned enterprise to defraud state-owned assets.

Huamei fraud, the Salt Lake case, the Salt Lake potash ......Now these words are related to Zhang Keqiang, and the cause of this matter is that Zhang Keqiang took advantage of the Yunnan state-owned Xingyunxin Company to participate in the Salt Lake Group, which is also an economic case that is highly related to his downfall. As early as November 2006, that is, when Zhang Keqiang agreed to invest in Salt Lake Group, Huamei Group signed a "Equity Transfer Agreement on Shenzhen Xingyunxin Investment and Development" with Xingyunxin. However, during the trial of the Huamei fraud case, the prosecution claimed that the salt lake was a state-owned asset and could not be bought or sold, but the agreement signed by Zhang and Xingyunxin was in accordance with the law.

In addition, the cooperative investment relationship between Huamei Harvest and Xingyunxin has been recognized by legal authorities such as Professor Gao Mingxuan of the Law School of Chinese University and Professor Xing Wenxin of China University of Political Science and Law. They stated in the "Legal Opinion of Experts on the Case of Suspected Fraud by Zhang Keqiang and Others in Yunnan" that "private capital such as Huamei Harvest obtains the equity of Salt Lake Group in accordance with a legal and valid contract and pays the corresponding investment in full", and in accordance with the civil law principle of "who invests, who benefits", the investment of Huamei Harvest and other entities can be confirmed.

In the short term, the merger has weakened the company's performance, but in the long run, it 000792 belong to the rare resource category**, as well as potash fertilizer. Salt Lake potash resources are limited, and the most recent plan is to merge with the Salt Lake Group, which owns it.

In '97, the company's financial status before '97 was used to judge its growth.

Ten years ago, as long as there are still stocks, they are **.

OK. Grinding blindness.

There is not much hope for not burying you, and the human resources department of the bent pants is a department of the enterprise, and it will not help you speak.

It is recommended to report to the local labor management department. Hope.

Salt Lake Group, Salt Lake Potash Fertilizer, Guannong Co., Ltd., Sichuan Meifeng.

Potash concept stocks.

In order: Salt Lake Co., Ltd., Nanfeng Chemical, Jilin Pharmaceutical, Qingsong Jianhua, Lantai Industry, Shandong Haihua, Luxi Chemical.

Salt Lake Group, Salt Lake Potash, Guannong Shares seem to be gone.

China Industry Research Network is a large-scale professional market research network opened and operated by Jinqiu Caizhi Consulting (Beijing)****, and is the first independent third-party service organization in China that focuses on industry research and consulting, corporate IPO decision-making consulting, market research consulting, industry high-level interviews, corporate mergers and acquisitions decision-making consulting, market research, and statistical data, and aims at enterprise information and data research.

The third-party camp is not associated with the company to provide cash options of the company, the original Qinghai State Investment Company, Sinochem Group, Shenzhen Xingyunxin Investment Development ****, Guangzhou Huamei Harvest Asset Management ****, Shenzhen Hezhihe Venture Capital, Wang Yihong, now add 1 Cinda Asset Management Company, in order to ensure that there are enough funds to shareholders Bank cash option restructuring how long it will take to see the announcement time and the length of the equity transfer time, as well as various procedures for absorption and merger.

In the long run, the merger of the two companies has eliminated the associated costs, which is a good thing as a whole, and whether it can be solved depends on how much funds are sought after after the overall listing, and it is difficult to say the height.

However, the prospects for the salt lake are very good.

The first paragraph of the announcement is that the asset management company can pay one of the relevant repurchase parties to the shareholders of the plan who do not approve of the merger, that is, it is responsible for buying the shareholders who do not approve of the merger to exchange ** for cash, according to the merger plan, for the shareholders who do not approve of the merger can use the relevant ** to convert into cash at a certain rate in the relevant merger, this is the relevant plan:

The original plan: the share exchange of Salt Lake Group** is yuan shares, and the share exchange of Salt Lake Potash Fertilizer** is yuan shares, and the share exchange ratio between Salt Lake Potash and Salt Lake Group is 3:1.

New plan: The new plan adjusts the share exchange ratio between Salt Lake Potash and Salt Lake Group from the original 3:1 to: 1; The cash option** of Salt Lake Group shareholders has been adjusted from the original yuan shares to yuan shares. (Nothing else is the same).

The second paragraph is the debt problem of the relevant consolidated company, which is responsible for the relevant debts by Sinochem Group, and the relevant cash option can be resolved by those companies to carry out cash repurchases.

The third paragraph is a summary of the first two paragraphs.

Generally speaking, the ** for the reorganization is up, but although this ** is a reorganization, it is not a reorganization of asset injection, but a reorganization of the company's integration and share exchange, generally these ** will not rise sharply after the reorganization, the best example is 000629 Pangang Steel Vanadium, but also the reorganization of the integration of shares, the original 000515 Panyu Titanium Industry and 000569 Great Wall shares for share exchange merger (000515 and 000569 delisted after the integration, related ** was replaced with 000629). If you look at its trend, you will understand that the relevant restructuring plan has been announced for a long time, and the market has basically digested the relevant news.

The restructuring time may take a long time, and now the 000578 and 000792 are still trading, and if they enter the substantive stage of restructuring, these two ** are suspended.

In addition, because the **** you bought is relatively high, if the **** of the relevant restructuring 000792 does not exceed the yuan, you can choose the cash option, generally speaking, when the cash option is carried out and the announcement is made, when the cash option is entered, it is the beginning of the substantive reorganization, and the relevant ** must be suspended and not traded.

The meaning of the announcement is that the newly added China Cinda Asset Management Company is one of the third parties to acquire the dissenting share capital of Lianghu Group.

To put it bluntly, Cinda Asset Management Co., Ltd. has become a new shareholder, and can acquire the part of the share capital that is unwilling to participate in the merger and reorganization of the two lakes to become a shareholder.