10 million yuan Price: Sino-Extract property, Shenzhen zjy "marriage" survey

Interests driven, partners can instantly become opponents.　　Today, the super players of the core companies-Shenzhen Zjy Industrial Group Co., Ltd. (hereinafter referred to as Shenzhen), and Guangdong Jieyang City Real Estate Development Co., Ltd. (hereinafter referred to as the property) between the conflict of interest, so that S*st Heng-li reorganization of the right to control the debate kicked off.　　Difficult honeymoon s*st hang on May 15, 2006 after the suspension of the listing, attract various capital scrambling to seize the brink of the company's reorganization of the control of the Highland.　　June 30, 2008, the SFC issued a trial committee to veto S*st Heng Li to the major shareholders of the real estate non-public issue of stock purchase assets scheme, which S*st Heng Li is undoubtedly a fatal blow.　　At this time, the sense of smell sensitive Shenzhen, the rushed to, and its reputation in the Chinese stock market, also make the real estate chairman Lin Pong Zhao felt himself in the plight of the rescue in distress of the Prince of the White Horse. "The Shenzhen people said that their company has a large number of assets, a wide range of contacts, to ensure that within one months of the reorganization plan."　　"June 27, the strong but gray hair of the forest in Zhao to describe the reporter, feel like they have just had a dream." Lin reluctantly told reporters, "originally thought found a strength of the company, reorganization can be successfully completed, not Chengxiang not only not smooth advance, but get into the lawsuit."　　Lin told reporters that the dry industrial origin of his, made the decision to master S*st Heng, completely out of the local leadership commitment to give preferential policies, the company is located in Shizhong District 120 acres of land, into the former even due diligence investigation did not do. According to Lin Bang, he has invested nearly 200 million yuan, would like to 2007 years to complete the share reform and the overall listing, but because the state of the real estate listed companies financing policy and control, and 2008 years to catch up with the financial crisis, real estate sales is not ideal, coupled with the early financial Advisor Haitong Securities Scheme has obvious technical defects,　　The dream of the reorganization of the listing of Lin Bang.　　Haitong Securities Financial Advisor Representative in the overall reorganization plan listing, mistakenly thought that the total equity 400 million shares below the listed company reorganization in line with the listing conditions of the shares should be maintained in 25%, the forest list in Zhao's book value of the larger assets stripped. In fact, the relevant departments issued regulations, small stock assets injected into the restructuring as long as the proportion of shares below 10% is in line with the listing requirements.　　And it is based on this erroneous understanding, resulting in the divestiture of the relevant assets, the SFC commission issued by the Audit Committee on its sustainable profitability of the question, resulting in the scheme is not.　　At this point, save S*st constant time is running out, the forest list of recycling has been stripped out of the assets, redo the overall listing program has become impossible to complete the task. Lin Bang said: "I restructured S*st Heng Li is not worth the gains, three years down, not only after the restructuring failed to succeed, and a lot of money-making projects are forced to give up."　　Lin to S*st Heng Li reorganization shows obvious dispirited and discouraged.　　In the predicament of restructuring, Shenzhen, the branch of the olive, this makes the forest list in Zhao see hope. 2008December 31, in the real estate, Shenzhen, S*st Heng Li in Shenzhen signed the "on the Yueyang Heng Li Air-conditioning Equipment Co., Ltd. Non-public issues related to the Framework Agreement" (hereinafter referred to as the Framework Agreement), in the extraction of real estate, Shenzhen, the joint reorganization of S*ST, the honeymoon began.　　However, a new twist occurred. The news of the situation reporter grasp the framework of the agreement, December 31, 2008, in the extraction of real estate, Shenzhen, S*st Heng-Li, Shenzhen, China and its concerted action will be owned by the Beijing Locke era of property, Changsha Huatai Real Estate Co., Ltd. (hereinafter referred to as Changsha Huatai), such as the choice of high-quality assets into the listed companies, Shenzhen ZJY agreed to provide debt restructuring support to the Sino-extraction property: On December 31, 2008 before the S*st Heng Li borrowed 10 million yuan to extract property, January 15, 2009 ago,　　Shenzhen zjy loan 10 million yuan to S*st Heng Li, a total of 20 million yuan borrowed from Shenzhen to replace S*st Heng Li to the real estate to pay early loans.　　It is the real estate in Beijing Locke era property, Changsha Huatai Asset profitability of the query, and Shenzhen Zjy failed to meet the agreed time to pay the second 10 million of the loan, so that the two sides originally sweet a paper marriage completely tore.　　According to S*st Heng State Chairman Chen Shaobo introduced, Shenzhen ZJY paid the first sum of 10 million yuan borrowings, the original agreement of January 15 before the second 10 million yuan should be to the account has not been landed, this is the two sides buried the seeds of disagreement. June 29, Shenzhen, deputy general manager of Shangan told reporters: "The reason why did not pay the second 10 million, because the first paragraph after the three working days, in the extraction of real estate did not issue a power of attorney for asset reorganization." "In accordance with rule 6.1 of the framework agreement, Shenzhen ZJY is responsible for the work of S*st Heng Li, including but not limited to: debt restructuring, asset disposal, directional additional, production and management, the S*ST permanent shareholder rights in the extract from Shenzhen for the exercise of power, the right to act as a representative of the real estate in S*st Heng State Board, Shareholders ' meeting and exercising the right to vote.　　Within three working days after receiving the 10 million-yuan loan referred to in article II of this Agreement, the Sino-extraction property shall issue a power of attorney to Shenzhen Zjy for the content described in this article. However, Chen Shaobo that the power of attorney was not issued because the board's re-election did not receive regulatory approval, "We have to send a representative in Shenzhen as Chairman, the Secretary of the Board of directors and other senior positions, but the regulatory authorities do not recognize the relevant personnel changes, the relevant personnel qualifications are not approved by the management,　　Unable to issue a power of attorney ".　　In addition, Chen Shaobo pointed out, "We to Shenzhen, the assets provided by the study, found that there is a problem of profitability, whether they have qualified assets to inject a dubious" (see this newspaper June 29, "Shenzhen Engineering to force S*st Heng Li in the territory of the expansion has been unable to"). Shangan not agree with Chen's statement, "whenThe initial agreement is that we provide a few assets, by the Chinese extraction of real estate and listed companies selected, as for the Beijing Rock Times and Changsha Huatai two assets, they can disagree, but we have other assets to inject. "The Sino-extract property is not us, how can we say that we do not have good property to inject?"　　Shangan on the phone with disapproval. Shangan stressed that no money is also due to the framework agreement signed, "we found that this January-March, the Sino-extraction of real estate linked to the reorganization of other companies have occurred, once they even found a good partner of ours, the practice of the extraction of property to our commercial integrity of doubt."　　Suspicion of escalation of suspicion of the cracks is expanding.　　Lin Pong Zhao to Shenzhen, the lack of trust is, Lin inspected the assets provided by the other side found that the relative assets of the sustainable profitability is not convincing. He stressed: "Although we decided to withdraw from the *st of the restructuring, but to be responsible for small and medium investors, can not leave infamy!" "Early this year, Lin Bang found that the total construction area of more than 80,000 square meters, commercial area of 20,000 square meters of Beijing Locke era has been all sales, and the Changsha Huatai has no profit on the real estate projects, he resolutely decided to bring a lawsuit this May 4, the request to stop with the Shenzhen ZJY cooperation,　　and requires the other party to bear the responsibility of contract fraud.　　Confrontation is escalating.　　Learned that the real estate and the termination of cooperation with the prosecution, Shenzhen Zjy on the one hand to the Shenzhen Futian District People's Court, on the other hand to the Shenzhen Economic Crime Investigation Bureau sued the real estate commercial fraud, the Economic Crime Investigation Bureau to the forest List Zhao case investigation. In this respect, Lin told reporters: "Early June this year, they took me to the Economic Crime Investigation Bureau, but so far because of insufficient evidence has not been filed."　　"To this day, the sweet partner of the former lover of the real estate and Shenzhen, has become a must want to kill the other side of the death of the enemy." Lin list in anger said, "for S*st Heng Li can be restored to the listing as soon as possible through restructuring, we would not use legal relations, but the other side." Although Shenzhen technology can be frozen by legal means to freeze my s*st 30 million shares, but I still have assets, can be frozen to replace the stock, while the freezing of all the shares of Shenzhen technology and funds! "Near the time of press, Chen Shaobo told reporters, Shenzhen, although the freeze in the extraction of real estate S*st Heng Li 35.04 million stake, but so far, did not find enough assets as collateral.