On behalf of the mother's mother-in-law on behalf of the shares repeatedly banned

PE (private equity investment) is weird, you have to admit. Not all, but there are always a few abnormal. Shanghai star Fir Venture Capital Co., Ltd. (hereinafter referred to as the investment) was reported after the disclosure of the Fengdong shares (002530) prospectus, then disappeared in the list of shareholders, so that the prospectus changes, six shareholders into five, Jiangsu Hi-tech Investment Group Co., Ltd. (hereinafter referred to as Jiangsu Hi-tech) play to its own venture, the state-owned nature of the change to private. This is not a story, but a 2010 of years of hundreds of PE/VC in the abnormal events; they do not follow the pattern of cards, but the pot is full of overflow, they disregard the supervision and risk, in order to 10 times times the profits of the desperate. Bizarre also Xiamen Torch group Venture Capital Company (hereinafter referred to as the Xiamen Torch), this June shares three-dimensional wire (300056) Two years, the end of the book floating loss of 240,000 yuan.　　A senior PE industry personage said, PE also has hierarchy, the first-class PE helps the company to formulate the development strategy, is solely responsible for the capital operation; Nine PE probably just assault take stock, high price is set up, even violate the rules to hold. Star Fir Capital possession of "insurance generation" self-interest if your name has been printed on the list of shareholders in the prospectus of the listed company, and the company has gone smoothly, please don't be too happy, it doesn't mean you can celebrate.　　For example, star Fir investment. June 28, 2010, Fengdong shares prospectus announced that the star FIR investment in Fengdong shares of the sixth largest shareholder, but December 31 Fengdong shares on the day of listing, the name of the star Fir investment has become history.　　What is this? July 2, 2010, Fengdong shares were successful.　　But in the second day after the meeting was accidentally reported, the informer said, two of the star's investment shareholder Su Yufeng is Fengdong securities investment bankers Liu Neo Jun's mother-in-law, Su Yufeng is on behalf of Liu Neo Jun holdings of star FIR investment shares. In view of the greater suspicion, the SFC immediately intervened in the investigation.　　Four months later, the SFC in the reply letter to the informer pointed out that although it has not been found to prove that the sponsor representative Liu Neo Jun through his mother-in-law Su Yufeng on behalf of the fact that the investment, but Liu Neo Jun as a joint securities investment bank personnel, but also Su Yufeng son-in-law, the existence of suspicion. After that, Fengdong shares the largest shareholder of Dafeng Dongrun Investment Management company to 18.26 million of the price of the star FIR Investment held 3.33 million shares to repurchase.　　This repurchase price is 9.12 million premium of 100% when the star's investment in August 2007.　　Although the return on investment is far less than the 62.04 million yuan (January 10, 2010 Fengdong share price as an example), but PE shares three-year profit 100% exit or let the industry sigh unceasingly. Some investment bankers said to reporters, "the regulatory authorities are too lenient, almost no penalties imposed on the parties, but from the SFC's reply can be seen, in fact, the regulatory authorities did not find the facts on behalf of the basis, but that he is suspected of being held." Now, although the smoke has been eliminated, the cloud has not dispersed. Sources say Liu Neo Jun has left the joint warrantCoupons, in the national securities Enron. Interests driven "pseudo PE" big line of PE disorderly like more performance for the holding, pseudo PE, assault shareholding and so on. Above the senior PE personage not without sigh, "while outsmart, although the regulatory department has silently asked the prospectus to disclose a year before the shares of PE, all need to be restricted to three years, but profit driven, the future of PE may be more crazy."　　"Hangzhou wheat Field Li-yi Venture capital Co., Ltd. (hereinafter referred to as Wheat field investment) May 1, 2009 stake in the Austrian shares (300082); in March 2010, Otis shares issued a prospectus; May 20, 2010, the Austrian shares listed.　　Kun Tak Investment on the September 21, 2007 stake in the Li Peng shares (002374), but its September 21, 2007 was established, has not been set up has been a shareholder, Li Peng's other shareholders in Ming China Investment Also, in the establishment less than 3 months after the stake in the Li Peng shares.　　Shanghai Nano-Venture investment in the listed company bi-water (300070), the shareholders ' families to participate in the creation of the Shanghai Nano-venture, through the venture capital company again shareholding, although I do not know what the gourd in the end is what drugs, but the heart of profit. Ma Yunjin 2 million sets to Jiangsu Gao Ke 100 million good things do not go out, the story travels thousands of miles.　　The obscurity of the Jiangsu High Branch, because will be the hand of the 107.8 million yuan investment proceeds to give to the natural person Ma Yunjin lady and attracted much attention. The appearance of Ma Yunjin stirred the calm pattern of Jiangsu Gao Ke.　　Ma Yunjin Holdings in the investment before, Jiangsu Hi-Tech Co., Ltd. through its venture capital company held through the tripod photoelectric (002491) 6 million shares, through the Gao Jin venture to hold a stake in the Changhai 9.75 million shares, through the Suzhou Lofty holdings of Tin Rui Instrument (300165) 2.9 million shares. Prior to December 2009, Jiangsu High-Tech has a direct stake in the 43.32% stake in Gao Jin, but on December 18, 2009, Jiangsu High Branch set up a wholly-owned subsidiary of Zhen Cheng Investment, and its own 43.32% of the high investment to invest in Prudential to hold.　　At this point, Jiangsu high-tech still can through Zhen Cheng investment wholly-owned high Jin venture.　　However, on January 5, 2010, Zhi De invested 48 million yuan in the investment of Zhen Cheng and took possession of a 54.55% stake in Fidelity Investment and became its controlling shareholder.　　Zhi De Investment is set up by two natural persons, therefore, the Zhi De investment increases the capital investment, and establishes the transfer of state ownership of Gao Jin venture capital.　　Zhi De investment to gain control, the event lead Ma Yunjin and Suzhou Gold Sunflower investment to 1.5 million yuan and 500,000 yuan respectively acquired Zhi De Investment two natural person's equity, the actual control of gold sunflower is still Ma Yunjin lady. Through this series of equity maneuvers, Ma Yunjin finally Gao Jin the actual control of the venture into his own name. and in accordance with Gao Jin Changhai shares 9.75 million shares and China fiberglass (600176) 60 times times the issue of price-earnings, only Changhai shares listed, Ma Yunjin can get 42.34 million yuan of investment income。 Plus through the Ding photoelectric 33.97 million yuan floating surplus and tin Rui instrument 31.49 million yuan floating surplus, only the three listed companies, Ms. Ma Yunjin on the profit of 107.8 million yuan, and she paid only 2 million yuan.　　The journalist tried to get in touch with Ms. Ma Yunjin, but she has not yet received a reply. Xiamen Torch cast 2.8 million did not make money also loss of 240,000 Ma Yunjin of the emergence of the state-owned shareholders to invest in the nature of the change to private nature, but also to avoid the Social Security Fund on the proportion of state-owned equity holdings.　　In accordance with the provisions of the Social Security Fund law, state-owned equity will have to transfer 10% of the IPO held to the Social Security Fund. The direct result of the equity transfer to the Social Security Fund is that the book value of the venture capital company has shrunk sharply.　　Xiamen Torch two years ago to buy three-dimensional silk, finally ended up a book value floating loss of 240,000 yuan, this is the only one of the 2010 PE floating loss, but also a state-owned equity by the Social Security Fund will hold a typical case. June 2008, Xiamen Torch 2.8 million yuan to buy three-dimensional silk 1.365 million shares. Now three-dimensional silk successfully listed, the Xiamen Torch is forced to transfer 1.3 million shares to the National Social Security Fund will be held, spare 65,000 shares on their own book. According to the statistics of the research center of the Qing branch, as of January 10, Xiamen Torch as PE, not only did not make money, no dividends did not expand shares, but also floating loss of 240,000 yuan. According to the "financial weekly" private equity investment (PE) private Equity, referred to as PE. PE is usually translated into a narrow sense of equity investment, that is, "private equity investment" refers to the investment in unlisted equity, or listed companies Non-public trading shares of a way of investment. Private equity investment in the source of funds, not only to the community not specific to the public to raise, can also take non-public distribution, to have the risk of identification and affordability of institutions or individuals to raise funds.