Oriental Tower Equity Transfer questioned ordinary employees free of charge 50 million assets

Source: Internet
Author: User
Keywords Equity transfer ordinary employees
From the "Investment Express" trainee reporter Lin Lin asset situation has been the company through the capital market "soft rib", this time to the Oriental Tower.  Yesterday, Qingdao Oriental Tower Co., Ltd. (hereinafter referred to as "Oriental Tower") smoothly. However, the reporter found that the Oriental tower in the process of an equity transfer there is a serious "flaw", an ordinary employee has been let their wholly-owned subsidiary value of 50 million of the assets, and after the transfer of the stock right after the cancellation of the company. In this respect, some financial experts questioned: "Clearly know the subsidiary will be written off, why also willing to pay a high price of nearly 50 million yuan to buy the brink of bankruptcy of the subsidiary?" This behavior is really confusing.  "Cancellation of 4 subsidiaries yesterday, the Qingdao Oriental Tower accepted the audit of the issuing Commission, and the smooth meeting." It is reported that the Oriental Tower is a main steel and iron Tower products Research and development, design, production, sale and installation of High-tech enterprises, products are mainly used in electricity, radio and television, communications, petrochemical, construction and other national economic basic industries, is the above-mentioned industry national or local key construction projects indispensable ancillary equipment.  The issuance of the company's fund-raising will be directed to the following projects: Jiaozhouwan industrial base energy steel structure project, transmission and transformation of angle steel tower, single pipe rod expansion project, steel tube Tower production line technology reform project, technical Research and Development Center project, the above project estimated total investment of 989.717 million yuan. Prior to the public offering, the total number of shares of the Oriental Tower is 130 million shares, the proposed 43.5 million shares, the total number of shares after the issuance of 173.5 million shares, the issue of shares accounted for the total number of shares issued after the proportion of 25.07%. At present, the Oriental Tower of all the shares of the company three senior executives Han Huiru, South Korea such as and Han really hold.  Among them, Han Huiru, South Korea and Han really such as three siblings holding the Oriental Tower 91 million shares, 19.5 million shares and 19.5 million shares, the share of the shares before the issuance of the proportion of 52.45%, 11.24% and 11.24% respectively. In the company's development process, the Oriental Tower has 8 equity companies.  Later, in order to highlight the main business, reduce related transactions, the company will be part of its share of the subsidiary to cancel off, so that the reorganization of assets. According to the prospectus, the Oriental Tower shares 8 subsidiaries such as Oriental Tower Co., Ltd., of which 6 companies are wholly owned by the Oriental Tower.  Between 2007 and 2008, in order to reduce competition and related transactions, the Oriental Tower decided to write off its subsidiaries with little relevance to its main business, and to reconfigure the assets of its subsidiaries. The Oriental Tower Steel Structure Co., Ltd. (hereinafter referred to as "Steel Structure Company") is one of them. 1997, the Oriental Tower and the company's senior executives such as Korea, Han really if a total of 520,000 yuan to set up a steel structure company.  By the December 2007, the shareholders will be resolution, Korea, such as, Han true if it holds all the equity transfer to the Oriental Tower, steel Structure company become the Oriental Tower wholly-owned subsidiary. After, because the steel structure company was established after the main steel production business is still in the Oriental Tower, steel structure company did not independently carry out steel structure-related business, in order to streamline and optimize the organizational structure, the Oriental Tower on March 25, 2008 to dissolve the steel structure company's decision, and in the establishment of the liquidation group responsible for the Before the listing, the Oriental Tower has also written off another 3 subsidiaries.  In order to concentrate on the development of the main industry, before the declaration, the Oriental Tower has written off the Oriental Tower Logistics Co., Ltd. (hereinafter referred to as "logistics company"), Li-Zhong Construction Engineering Co., Ltd. and the meeting King Investment Management Co.  Ordinary employees "free" 50 million assets. However, in the cancellation of a wholly-owned subsidiary, the reporter found that the Oriental tower in the process of an equity transfer there are serious flaws, the company's an ordinary staff unexpectedly "unpaid" by its subsidiaries up to 50 million yuan of assets.  May 2003, Oriental Tower and the company's senior executives invested 47 million yuan and 3 million yuan to set up a logistics company, logistics company's business scope for the goods warehousing, sales of steel, zinc ingots, bolts, hardware, wood and other business. After the establishment of the Tower logistics company, by the lack of industry experience, fierce market competition, business development has been unable to achieve the expected vision. After a short period of operation, taking into account the cost of investment and return, in order to concentrate on the strength of the main business, the Oriental Tower in time to adjust the strategic planning, gradually reduce the logistics business, to 2005 to stop operating.  December 16, 2007, the Oriental Tower will be its owner of the Tower logistics company to transfer all the shares to an ordinary employee of the Oriental Tower-Han Gong. For the employee, the report was understated.  It is simply introduced that Han Gongjin is an employee of the Oriental Tower and has no kinship with the company's shareholders and their close family members. According to the capital verification report at that time, the net assets before the Iron Tower logistics liquidation were 50.048 million yuan, mainly for the Oriental Tower receivables 45.0824 million yuan. The equity transfer price based on the amount of capital contribution, a total of 50 million yuan.  And the Fanghangong to the settlement of the Iron Tower logistics after the distribution of assets, rushed to cope with the 50 million yuan equity transfer funds. According to such a share price transfer scheme, it is equivalent to Han Gong into a person assigned to the tower logistics of all assets. In this respect, some financial experts put forward the solemn question: "The amount of assets allocated to ordinary employees, should be able to offset the price of up to 50 million of the equity transfer fee, and the equity of the Fanghangong and the company executives have no kinship." If under this asset allocation scheme, does the other employee not have a penny? "What's even more bizarre is that the employee's behavior is really confusing:" In fact, before the transfer of equity, the parent company Oriental Tower has been calculated to write off the logistics company.  "The person also pointed out that as the staff Han Gong into, clearly know the subsidiary will be written off, why also willing to pay a high price of nearly 50 million yuan to buy the brink of collapse of the subsidiary?" OnThe above questions and the true identity of the ordinary employee, the reporter tried to contact the Oriental Tower staff.  But yesterday, the company's secret phone call has been unattended. Investment letters
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