Haier 2009 Annual Report Download - page 138

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31 December 2009

NOTES TO FINANCIAL STATEMENTS 財務報表附註
HAIER ELECTRONICS GROUP CO., LTD ANNUAL REPORT 2009
136
29. Issued Equity
Group
Issued equity

RMB’000

At 1 January 2008  1,310,074
Conversion of 
convertible notes 176,932
Shares repurchased  (1,147 )
At 31 December 2008 and 
beginning of year 1,485,859
Issue of new shares  42,986
Share issue expenses  (1,234 )
At 31 December 2009  1,527,611
Upon the completion of the Group reorganisation (the
“Reorganisation”) on 28 January 2005, Haier Group became the
controlling shareholders of the Company through the injection of its
equity interests in certain subsidiaries (the “Relevant Subsidiaries”)
principally engaging in the manufacture and sale of top loading
washing machines and mobile phones to the Company. Accordingly,
the Group applied the reverse acquisition basis of accounting to
account for the effect of the Reorganisation.
29. 

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