Jiangsu Tian Ze Information Sprint Venture Board East China Technology missed profits

As the main "hatching", the original shareholders missed the IPO feast is always regrettable.　　is about to break through the gem of Jiangsu Tianyi Information of the pre-disclosure materials show that East China Science and technology will play such "lonely" role, Midway "Get off" missed the opportunity of wealth appreciation. Tin ze Information main vehicle remote management information services and supporting hardware and software research and development and sales. In the last 3 years, the annual compound growth rate of business income and net profit was 42.69% and 54.84% respectively.　　The Sun Burong Group holds a 40% stake in the company and is a controlling shareholder, with a direct ownership of 29.9% per cent and a 65% per cent stake in the Sino-Residential group. Retrospective history, the "incubator" of the information is actually East China Science and technology. May 2000, the Tin Ze technology and investment in residential investments to set up information, registered capital of 5 million yuan, tin ze Technology holds 52% of the equity.　　Tin Ze Science and technology by the East China Science and technology, Jiangsu Salt Industry, Jersey Electronics and Eugingen and other natural persons set up in late 1999, East China Science and Technology holds 44.87% of the equity, meaning that it is the actual control of the information of Tin Ze. March 2001, Tian Ze information suction and tin ze technology. June 2001, Tin ze Information new equity structure formation, East China Science and Technology, the investment of 35% per cent of the equity, the remaining shareholders include Jiangsu Salt, Jersey Electronics and 15 natural persons. July 2001, a number of days ze information occurred in the transfer of equity, some shareholders will be held to the transfer of shares in East China Science and technology, investment in housing. After the transfer is completed, two companies hold 36.75% per cent of the equity.　　Since then, although several changes, the two companies always maintain a "double control" pattern. Until August 2007, Jiangsu Salt Industry will be held in the 15.53% stake in the Tin Ze, the latter become a single controlling shareholder. In November of that year, the East China Science and technology will hold 31.505% stake, the sale of 30 million yuan transfer to the Chinese residential group and Chen, purification and retreat. In fact, the Sky ze information at that time stable profit, East China Science and technology why eager to sell assets? East China's interpretation of science and technology is to "integrate its main business system, focus on capital to expand its main business development."　　Data show that the East China Science and Technology 2007, a huge loss of 490 million yuan, was frequently sold assets "thin body", the withdrawal of information or frustration. IPOs have always been a model of the rich, the industry's rough estimate, "according to the gem on average 60 times times the initial price-earnings ratio estimate, the first prices of the information is about 48 yuan." East China Technology if not out of the Sky Ze Information, its holding of the book value of the stock or will be over 432 million.　　"The East China Science and technology in the Sky ze information on the" miscalculation "is not a small loss. In addition, from March 2008 to July, the sky ze information has 3 times to the major shareholder of the group to provide loans to a total of 5.5 million yuan, for the East China Science and Technology equity transfer, the existence of capital occupancy situation, showing the company internal control system flaws. Another detail is that East China Science and technology former Chairman Zhao Cheng, in the tin Ze information as a director and pay.　　and East China Science and technology transfer days ze information equity, just happened in its term of office. Express journalist Liu FangWu Zhengyi