Nantong Jianghai will be the next day employees to suspend stock rights

According to the prospectus data, Nantong Jianghai after the issuance of earnings per share of about 0.415 yuan. Based on the 40 times-fold average P/E ratio per share, the IPO price is about 16.6 yuan.　　Even if the two-tier market premium is not taken into account, 8 executives hold 19.5 million stocks worth about 324 million yuan.　　IPO smooth, the road has been paved, but suddenly encounter workers large area shutdown for a stake in the scene. June 4, Nantong Jianghai Capacitor Co., Ltd. (hereinafter referred to Nantong Jianghai) the IPO will be. The next day, the workers began a large area shutdown, to beg for equity.　　The deadlock lasted two days, June 7, the company chairman Chen Weidong and other high-level to mediate. What is the reason behind this sudden incident? Will it become a stumbling block to the listing?　　Recently, "Daily economic news" reporter went to Nantong to launch a field survey, Nantong Jianghai problem, as early as 2002 summer has been planted foreshadowing.　　Restructuring: Collective assets into private assets in Jiangsu province Nantong 10 Road station card, impressively wrote "Capacitor factory", it refers to Nantong Jianghai, in Nantong almost no one knows.　　Data show that, founded in October 1958, Nantong County flat Tide Capacitor Factory, 1991, Nantong Jianghai Capacitor Factory, August 9, 2002, the factory changed into Nantong Jianghai Capacitor Co., Ltd. after the overall change to Nantong Jianghai Capacitor Co.　　Nantong Jianghai Capacitor Factory was once the collective Asset Management Committee of Tongzhou-Ping-Chao town as the investor's collective enterprise, it was the 2002 restructuring that turned it into a private asset, and the myth of the wealth of 8 of executives, which also sparked discontent among many employees, and eventually led to a massive shutdown of June 5.　　The story goes back to the summer of 2002. July 13, 2002, the Collective Asset Management Committee of Tongzhou Town and the enterprise operators and Management Chen Weidong, Army, Shao, Wang June, Xu Yonghua, Wang Hanming, Guiyiming, Gu Hongzhong and other 8 people, signed the "collective net worth sale agreement."　　After divestiture, the business and management of economic incentives, concessions and other procedures, the final determination of asset transfer price of 15.4456 million yuan. The month of 23rd, the above 8 people paid the full transfer price of 15.4456 million yuan. However, on June 16, 2002, Nantong Heng Xin United accounting firm to the Jianghai capacitor factory net assets assessment Price is 53.3964 million yuan.　　In other words, the transfer price is less than 1/3 of the estimated price. So far, the company has become a private asset for 8 executives from collective assets.　　After the transfer of a series of shares, the introduction of Hong Kong shareholders, the above 8 senior executives in total holding Nantong Jianghai 19.5 million shares. Employees: We're old enough to be rich. And to this day, Nantong some residents still think it should be a state-owned or collective enterprise. On the way to Nantong Jianghai, "Daily economic news" reporter met a staff in the Nantong shipping company, he said: "Nantong Jianghai so famous, how can it be a private enterprise?" ShouldIt's a state-owned enterprise. "The Flash is 8 years old," said a wry smile from Nantong Jianghai, a well-dressed employee. Alas, over the past 8 years, the company's top executives have struggled to go public. At that time enterprise restructuring, many workers do not know, some know, but finally do not let buy, now look at their executives, overnight rich flow of oil. "According to the prospectus data, Nantong Jianghai 2009 net profit of 66.4322 million yuan, to issue 160 million shares of total equity calculation, earnings per share of about 0.415 yuan." Based on the 40 times-fold average P/E ratio per share, the IPO price is about 16.6 yuan.　　Even if the two-tier market premium is not taken into account, 8 executives hold 19.5 million stocks worth about 324 million yuan. The respective market value of 8 senior executives is: Chairman Chen Weidong 79.68 million Yuan, President Army 63.08 million Yuan, Vice president Shao 39.84 million Yuan, Vice President Wang June 29.88 million Yuan, Vice President Xu Yonghua 29.88 million yuan, board Secretary Wang Hanming 19.92 million Yuan, Vice president Guiyiming 29.88 million yuan,　　Vice President Gu Hongzhong 34.86 million yuan. "We only handled five risks 3 years ago, and I heard it was for the market, and it wasn't done before," he said. Now on the market, the company is famous, senior executives, we are still the same as the old, "rich let the same in Nantong Jianghai work an old staff aggrieved," we have worked here for nearly 30 years, even if the average wage of 2000 yuan to calculate, 30 years down do not eat and drink only 720,000 yuan. And their executives, like the time we work, are now tens of millions.　　"Daily economic news" reporter learned that just into the company's first-line workers monthly base salary for 920 yuan plus bonuses, work for many years old staff also 1300 to 1800 yuan, a few more than 2000 yuan.　　Behind: 8 executives actually have nothing? In fact, Jianghai capacitor factory reform, those executives did not have a penny.　　A person familiar with the matter told the Daily economic news reporter.　　The above transfer 15.4456 million yuan, in the end is not 8 executives out of their own?　　Reporter access to information found that 2002, Jianghai Capacitor Factory restructuring, the transfer price of 15.4456 million yuan, but Chen Weidong, such as 8 senior executives by their own economic capacity is difficult to take out, so, and Zhu Xiang after consultation, to Zhu Xiang loans 15.4456 million yuan, completed the purchase of collective property. It is understood that Zhu Xiang native place for Jiangsu Tongzhou, and Chen Weidong and other people are fellow, is Nantong Jianghai director.　　Zhu Xiang has been the assistant director of the general Nanjing No. 476 plant, Jiangsu Province Securities Trading Center Deputy general Manager, Huatai Securities Co., Ltd. President assistant, Shanghai Xing Yu Enterprise Development Co., Ltd. investment advisers. However, in the two years after the restructuring, Nantong Jianghai operating performance in general, Chen Weidong and other 8 people can not pay dividends to repay the loan and interest. Thus, in the second half of 2005, the company's shareholders Chen Weidong, the Army, Shao 3 people, respectively, will hold 3.815 million shares (the total of 11.445 million of the equity capital formation), to the originalThe transfer of funds to Zhu Xiang, to cover 11.445 million yuan of debt. From this, Zhu Xiang to Nantong Jianghai 21% of the equity.　　The remaining 4 million yuan debt, Chen Weidong and other 8 people have been returned before March 18, 2009.　　It is noteworthy that in May 2003, Chen Weidong and other 8 shareholders will be Nantong Jianghai shares of the 7.085 million yuan stake in the amount of capital contribution of 7.085 million to the company's 38 middle-and backbone personnel.　　Visible, Chen Weidong and other 8 senior executives even paid the above 4 million yuan loan, still net make more than 3 million yuan.　　It can be said that, in the 8 years since the restructuring, Chen Weidong and other 8 senior executives have not actually had a penny in the equity ownership. Conflict: After the second day of employee's equity stake June 4, Nantong Jianghai IPO Finally, in the eyes of front-line workers, this means that the company will be listed.　　The next day, some employees who were dissatisfied with the treatment and share distribution began to put down their work stoppages.　　"Because the company is going public, we started working from Saturday (June 5) until today (June 7) morning," a veteran employee who has worked for nearly 30 years told reporters. The old employee said: "The company executives to give us a statement, we worked hard for decades, in the end, or only 1000 yuan wages, why do they get rich overnight?" "Has all the staff been shut down?"　　asked the reporter. "Basically yes, a few workshops, are agreed to come up with a statement." The outside world thinks we are very well treated, but the wages are very low. Therefore, the new employees demand a raise in wages, our old staff not only to increase wages, but also original stocks, why at the time of the restructuring they do not let us buy?　　According to the workers, the shutdown lasted until the morning of June 7, Nantong Jianghai Chairman Chen Weidong and other high-level to mediate in person, a workshop to explain. "Now the Chairman Chen Weidong verbally promised to pay the workers 20%, and agreed to give the workers the original shares, then will send papers down."　　I think the shares may be divided by the length of service, which is more fair to everyone, said the old employee. Some departments are not involved in the shutdown. An employee said: "Our department did not stop, chairman Chen Weidong and other high-level also did not come, but I think, to increase wages must be together, if there is a stake, everyone should have it." June 7, the third day after Nantong Jianghai IPO meeting, the workers went back to work, waiting for the chairman Chen Weidong salary and the commitment to the original stock.