The fight of true and false forever

Well-known integrated office software developers "Yong-Zhong Technology" has officially entered the bankruptcy liquidation process, the company is the National Torch plan software base backbone enterprises, the development of Yong-China office is the only fully independent intellectual property rights of the general Office software, is also a national "863 plan" in a member. According to the bankruptcy liquidation process, April 14 will be held in the Conference of Technology creditors, Yong-China technology will eventually be bankrupt or undecided number, but some of the relevant lace news quite interesting.

Yong-Zhong Technology founder is a Taiwanese-American engineer Dr. Cao Shen, by the Wuxi hi-Tech Economic Development Group Corporation and Evermoresoftware Company in 2000, and Yong-Office is the company's most important products, Yong-China software has been enjoying the state and local government funds, policy nurture. But it can be seen that the CAO ginseng is too xianyunyehe, the whole company's management has been confused to a serious degree.

Yong-China software set up on November 27, 2009, registered capital of 25.01 million yuan, from Yong-China Science and technology capital of 10,000 yuan, accounted for 0.04%, soft investment capital of 25 million yuan, accounting for 99.96%. The same year December 22, 50 patents in Yong-Zhong technology 39 copyrights were granted to the perpetual software for use. The former Yong-Zhong technology employees are basically re-employed in the software, the company's core products also from the software development and operation, Yong-China technology has basically become a shell company, because of Yong-China technology still burdened with more than 40 million of dollars of debt,

Under the noses of Cao Shen, vice chairman of Yong-Zhong technology, Fangcun, chairman of Yong-Zhong technology, put all the employees and patents to work to another company, which is rumored to have not been approved by the Board of directors, and only one shell and debt is left in the technology. And Cao Shen has become a dispensable presence in the new company. May be that such a practice is too sensational, January 7, 2010 China Soft investment to give 50.96% of the shares to Yong-China technology so that the latter shares accounted for 51%. At the same time, Yong-China software began to replace Yong-China technology to apply for "nuclear high-based" special funds, plus local government subsidies may be as high as 150 million

Fangcun, director assistant of Wuxi Hi-tech and Yong-Zhong software chairman, he is the leader of this series of actions, his practice may reveal some views of the Wuxi district. I still haven't been able to get a detailed stake in wing-Tech and a series of changes that have a legal basis, but the intuition of this series of actions is certainly behind the conspiracy, the company's business relations, products, patents, employees completely free to send to a new company, such a practice itself there is a big controversy. To say the least, this approach involves running away from debt through capital operations, which is a rogue act against modern corporate systems.

Take a look back at Yong-China office, I do not want to deny the positive meaning of the software, but in recent years it has been very rare to hear the relevant news, such a software is still the meaning of the existence, if not because of bankruptcy I do not know the company still enjoys a huge amount of financial subsidies. If Yong-tech bankruptcy, will inevitably involve the permanent Office of the relevant patents and copyright division, if you want to insist on a good effort, or please die early.

Source: XJP submission, original link.