7.07 million shares to auction Taiwan Tibet City to invest a lot of shares in the static waiting for buyers

Shanghai International Commodity Auction Company announced yesterday that the 7.077 million-share restricted shares in the city of Tibet will be auctioned on June 18.　　It is reported that the company therefore the first 500 million huge guarantee and involved in the pledge stake of about 59 million shares, of which, most or waiting for buyers.　　The announcement shows that the target is the east-rich asset management company to Shenzhen Jinzhu South Trade Co., Ltd. enjoyed the 122.5269 million yuan of the principal and corresponding interest, the debt pledge stock as under the reimbursement agreement has been made in Shanghai Zhabei Sasac held the Tibet City to invest 7.077 million shares of restricted shares. The auction company said yesterday that the debt is a sum of 6, the company's 7.07 million stake in the auction price of about 45 million yuan, the unit price of 6.36 yuan/share.　　Yesterday, the Tibetan city dropped 4.82% to 8.09 yuan. The claim took place in about 2004 years, Jinzhu South as a holding subsidiary of the company in Tibet. According to the 2005 documents of the SSE, listed companies to Jinzhu south of the provision of 650 million yuan credit line guarantee, resulting in Jinzhu South 570 million yuan funds by China Kejian Co., Ltd. and its associated party occupied, and the occupier can not repay. Listed companies to Jinzhu Southern bank loans to provide joint and several guarantee liability, as of January 2009, the loan principal of its guarantee is reduced to 519 million yuan.　　It is the huge expected loan guarantee has become a serious constraint on the development of the company's "deadlock", the company loss of 4 years to face the risk of delisting. Eventually, 500 million of billions of guarantees were eventually defused by restructuring. Last year, the Shanghai Zhabei Sasac, in a takeover of a Tibetan city called *st, was to lift its huge 520 million-dollar security responsibility for the Shenzhen Jinzhu South Trading Company, which will hold 30 million shares St-Accor shares in 36 months after the 90-day payment to the Shenzhen office and other six bank creditors as its release of the security responsibility of the company's Tibetan medicine. In addition, as a payment obligation for the secured loan, the Zhabei Sasac will pledge 30 million of its shares to the six bank creditors within 60 days of acquiring St.　　At the same time, the former major shareholder, Beijing New Union Jin Tatsu investment will be held in proportion to 29 million shares pledged to the financial creditors. At present, the original major shareholder has 29 million shares in proportion to the financial creditors, and has completed the relevant pledge formalities on December 2, 2009. Zhabei Sasac has completed reorganization in December 2009, obtained 346.8417 million shares of the company's new shareholding ratio of 60.25%, will be the company's shares within 60 days of holding the company's 30 million shares pledged to the financial creditors, and the completion of the pledge agreement signed, pledge registration and other formalities.