Equity subsidiary discovered shadow company Duolun shares reduced to empty shell

The seemingly different two companies have surprisingly overlapping business. "Shadow Company" or will be in Nanchang Ping Hai and Duolun shares to play an important role in the transfer of assets of a "close relatives" of the play is playing in the capital market. On the eve of the announcement, Duolun shares in Nanchang Ping Hai Real Estate Development Company (hereinafter referred to as Nanchang Ping Hai) refused to provide 2013.5 annual earnings and business development, and the management team to the court. However, as the reporter to the South changping Sea identity investigation in-depth, another more mysterious real estate company-Jiangxiping Real Estate Development Co., Ltd. ("Jiangxiping Sea") surface. The two real estate companies, seemingly just the same, have a surprisingly similar background and overlapping business. This time and contribute to the core profit of Nanchang ping hai Public "noisy", Duolun shares are sitting real "empty shell" name. "Shadow Company" Jiangxiping the sea? Industry and commerce data show that Jiangxi Ping Hai Real Estate Development Co., Ltd. registered address for the Nanchang Nanchang County, Jiangxi Province Lake New Town Jinsha Road No. 3999, the legal representative Ye Weibo. On the surface it seems that the company is only the name and Nanchang Flat sea difference between two words, it does not seem so simple. Reporter Call Jiangxiping sea, a staff member said: "The company and Nanchang Flat Sea has nothing to do, two are different enterprises." "Reporter through Nanchang County Industry and Commerce Administrative Bureau inquires, Nanchang Ping Hai Real Estate Development Co., Ltd., the legal representative of artificial Chen Xiaodan, was established in January 14, 2003, registered capital of 20 million yuan, registered address for the Nanchang Nanchang County City of Jiangxi province south of the Causeway (East new paragraph). Main real estate development, Wujinjiaodian, chemical products and so on. It is not surprising to say that two of the real estate development companies in Nanchang, Jiangxi, have a similar background, but the cross relationship between the two is still messy and confusing. The seemingly different two companies have surprisingly overlapping business. According to Jiangxiping, the company has been developing at full speed since 1999, averaging one project a year. 2003, the company developed the construction of Nanchang Residential theme park, 2004, the company planning and construction of Nanchang Jiuli Lake City. And the original intention of Nanchang Flat sea real estate, is also directed at the Nanchang Residential theme park. 2003, Shanghai Duolun Industrial Co., Ltd. and Fujian Huatian investment for the joint investment in the construction of "Nanchang Flat Haimingzhu City (Nanchang Residential theme park)" Project and the establishment of the Real estate development project company. Among them, Duolun shares accounted for 45% of the equity capital, Hua Tian investment accounted for 55% of equity. It is understood that Nanchang residential theme park project for the main lake New Town residential, located in Nanchang County Lake New Town Central District Jinsha Avenue, No. No. 588. The project is divided into three stages of development, building multi-storey, garden House, high-rise, single-family villas and other noble residential quarters. Nanchang Residential theme park Property Management Co., Ltd. related people told reporters: "The original project to introduce the developer is only one, it is not possible to introduce two developers at the same time." "The reporter found that even in a recruitment website called Digital Excellence Network, Jiangxi Ping Hai Company's profile is Nanchang Ping Hai Company's capitalMaterials, which involved the business registration number, tax registration number, a word is not bad. This June, the company's recruitment information is still updated. and Nanchang Flat Sea for many years also fell into the consumer price fraud and other disputes. So, the background has astonishing similarity of Jiangxipinghai and Nanchang Ping Hai, exactly is two different enterprises, or actually for affiliated enterprises or even brothers company? Reporters through the public telephone call Nanchang Hendena Real Estate company, the other side of a dialect said: "This is the restaurant, we are cooking, good busy, not convenient to answer the phone." She hastily hung up the phone. A source told reporters: "Seemingly different two companies, or for each other's ' Shadow company ', after all, around the Duolun stake in many projects, the associated party capital operation is not uncommon." The shadow subsidiary, if it exists, will play an important asset transfer role in its Duolun shares. "Financial report important role embarrassed" strike "such a mysterious real estate enterprise, in the Duolun shares semi-annual preparation period of sudden" strike ", really let Duolun shares into embarrassing position. July 2013, Duolun shares due to the regular disclosure of 2013.5 annual reports to the South Changping Sea related responsible persons Lou Saint, Lou Saint, the actual control Chen Longki and other relevant staff to request that the Nanchang flat sea for the first half of 2013 report, the relevant financial situation and the Company's business development related situation, but was rejected. Duolun shares immediately South Changping Sea to court. August 7, Jiangxi Nanchang County Court accepted the Duolun shares v. Nanchang Flat Sea Real estate development company semi-annual report dispute case. Press call Jiangxi Nanchang County Court, the other side said: "This case is still in trial, not fruit." The right-hand man Nanchang real estate "strike", not only let Duolun shares six months embarrassed "dystocia", even let Duolun share earnings data or can no longer maintain "smile". In fact, Duolun shares in recent years, income and performance to maintain a smooth, Nanchang project revenue in the composition of the profit has played an important role. Taking a look at the annual report of Duolun shares in recent years, Nanchang Ping hai related projects 2008 years to achieve cumulative income of 35.3 million yuan, 2009 to achieve 39.325 million yuan, 2010 income of 67.8923 million yuan. Since 2010, Duolun shares of the company or assets can produce real income, but also only for Nanchang Flat sea real estate projects. 2012 Nanchang Flat Sea contribution income of 17.1943 million yuan, accounting for the Duolun shares of the net profit of 71%. Nanchang Flat sea large shareholder for Fujian Huatian, and Fujian Huatian Actual Control person is Chen Longki, it is Duolun shares of former actual control person. As the only important asset in the Duolun share statement, and Duolun shares this "turn", let Duolun shares current executive team and Chen Longki Kibaki contradictions in public. It is understood that the real estate development level two qualification of Nanchang Ping Hai, the company employs 49 people, with high, intermediate titles management professional and technical personnel more than 30 people. However, a close to the Nanchang people said: "In recent years, the company appears to be shrinking, personnel reductionLess, the real estate business gradually developed exhausted. "Duolun shares last year, the annual report showed that the 2012 Nanchang Flat sea to achieve the main business income of 28.53 million yuan, compared to the previous year, but due to the decline in tax and asset impairment loss and other factors affecting the net profit of 38.2 million yuan, compared to the previous year a sharp rise. On the other hand, the current Duolun shares of the actual control of the footprints of the unknown, the office location only several marginal staff left behind, the company empty shell signs obvious. Insiders believe that the Nanchang flat sea "make independent", so that the original did not support the main Duolun shares, is sitting real "empty shell" name. (Securities daily Jiali)