Changhai shares staged through the drama Mystery Company "through" capital increase

Jiangsu Changhai shares staged through the drama Mystery Company "through" increased capital Jiangsu Changhai Composite Material Co., Ltd. (hereinafter referred to as "Jiangsu Changhai") starting application will be in tomorrow (December 31) to accept the Gem Audit Committee, but its declaration materials show, in the sprint listing process,　　The company's shareholder, Jiangsu Gao Jin, after a series of equity changes, the controlling shareholder changed from state-owned companies to private enterprises, while the new controlling shareholder, even when it was not established, "participated" in the Gao Jin of Jiangsu Province, staged a bizarre crossing of the drama. Located in Changzhou, the glass fiber leading enterprises according to the Express reporter survey, the company headquartered in Changzhou, can go to half a foot into the threshold of listed companies, indeed in the production and operation of a very set. Jiangsu Changhai is the leading glass fiber products and glass fiber composite materials production enterprises, its report to the China Securities Regulatory Commission of the material said it is the largest Non-woven fiberglass products integrated production enterprises, but also the largest glass fiber composite separator production enterprises,　　is a small number of domestic production of high-end fiberglass felt products and deep-processing products of High-tech enterprises. In addition to the beautiful export data, Jiangsu Changhai also in China's composite industry as a whole by anti-dumping investigations overseas markets, and was levied high anti-dumping taxes and charges, through their own tenacious efforts to obtain special treatment. For example, on September 16, 2010, the European Commission made a preliminary decision on anti-dumping investigations of fiberglass products originating in China: Changhai shares and new Changhai could be treated with a market economy, with a temporary anti-dumping duty of 8.5%, and no market economy treatment for other Chinese enterprises, and a levy of 43.6% Provisional anti-dumping duties.　　In addition, Jiangsu Changhai has also made India to its products 0 tax treatment. Secret Company "through" to increase capital but, in the sprint on the road, Jiangsu Changhai part of the stake through a rather strange way from state-owned shares into private equity. According to Jiangsu Changhai Prospectus, Jiangsu Gao Jin Venture Capital Co., Ltd. (hereinafter referred to as Jiangsu Gao Jin) is its third largest shareholder, holding 9.75 million shares of the listed company, accounting for the current total of 10.83% of the company's equity. Jiangsu Gao Jin was a state-owned company at the time, with a stake in Jiangsu's Changhai Sea and a bona fide state-owned asset. (Jiangsu Changhai's first major shareholder is Yang Peng Granville, shareholding 52.5%, is now the company director, General Manager.) The second largest shareholder is Yang Guowen, the chairman of the company, holding 15%. Yang Guowen and Yang Peng are father-son relations. According to June 16, 2009, Jiangsu Province Sasac issued the "about Jiangsu Changhai Composite Material Co., Ltd. State-owned equity management of the official reply" (Su guo Fu [2009]35), Jiangsu Gao Jin held the shares of the company for the state-owned shares.　　July 30, 2009, Jiangsu Changhai by the limited liability company to change for the Stock Co., Ltd. for the launch of the sprint. December 18, 2009, Jiangsu Gao Jin's parent company, Jiangsu Hi-tech Investment Group Co., Ltd. (hereinafter referred to as Jiangsu High Investment) convened the Board of directors, decided to set up a fullInvestment subsidiary of Jiangsu Zhen Cheng (hereinafter called Jiangsu Zhen Cheng).　　January 5, 2010, Jiangsu High Investment held a board of directors, decided to hold the Jiangsu high 43.317% of the equity transfer to Jiangsu Zhen Prudential, the transfer price of 20.272 million yuan. by January 20, 2010, Jiangsu High Investment and made a decision, agreed to invest in Jiangsu Wisdom (hereinafter referred to as Jiangsu Zhi De) in the monetary way to invest in Jiangsu Zhen Cheng Capital increase. February 22, 2010, Jiangsu Zhen-Cheng on the above matters completed the industrial and commercial change registration, which Jiangsu wisdom Germany accounted for 54.55% of registered capital, Jiangsu High investment accounted for 45.45% of registered capital.　　At this point, the holding party of Jiangsu Gao Jin from the original state-owned enterprises in Jiangsu High investment into a private Jiangsu wisdom, so Jiangsu Gao Jin holds the original stock of Jiangsu Changhai, also from the original absolute state-owned assets, into private assets. However, please remember January 20, 2010 This time point, the reporter survey found that the entire equity change process, the most interesting, the most incredible things, precisely with this point in time. According to the listed materials submitted by Jiangsu Changhai to China Securities Regulatory Commission, Jiangsu Wisdom Germany was established in January 23, 2010, the Company type: Limited (natural person holding), registered capital: 5 million yuan (paid-in capital: 2 million RMB), the contribution ratio is Liu Zhihong 75%, He Xiaoqing 25%.　　In other words, when the state-owned Jiangsu High Investment agreed to private Jiangsu wisdom Germany to expand shares, the Jiangsu Zhi De has not yet been established!　　March 1, 2010, Jiangsu Province Sasac issued the official reply, confirmed Jiangsu Gao Jin holding Jiangsu Changhai shares no longer identified as state-owned shares.　　Evade Social Security Fund transfer? Such a time dislocation, the company ahead of the operation of the process, why is there?　　Some in the market speculate that the company or its associated shareholders may be in order to circumvent the Social Security Fund to transfer state-owned shares of the provisions. According to the sixth provisions of the implementation of the Social Security Fund: "The new and old split share reform, where the initial public offering of shares in the domestic securities market and listed in the state-owned shares of the stock company, unless otherwise provided by the State Council, shall be in accordance with the actual issue of the initial public offering 10% Some of the state-owned shares of the company will be held by the Social Security Fund. "Then, if in order to avoid according to the law to transfer the original shares of listed companies to the National Social Security Fund, the relevant shareholders through a series of equity maneuvers, the smooth realization of the nature of state-owned shares change, may explain the motives of the above behavior."　　However, the company will respond to this, the express will continue to follow the report.　　Jiangsu Changhai Equity change related timetable December 18, 2009 Jiangsu Gao Jin parent company decided to set up a wholly-owned subsidiary of Jiangsu Zhen Cheng Investment.　　January 5, 2010, Jiangsu High Investment held a board of directors, decided to hold the Jiangsu high 43.317% of the equity transfer to Jiangsu Zhen Prudential Investment.　　January 16, 2010, Jiangsu High Investment and Jiangsu Zhen Cheng signed the "Equity transfer agreement." 2010 120th, Jiangsu Gao voted to invest in Jiangsu wisdom and investment in the monetary way to invest in Jiangsu Zhen Cheng Capital increase.　　January 23, 2010, Jiangsu Intellectual investment was established.　　February 22, 2010, Jiangsu Zhen-Cheng investment to complete the registration of industrial and commercial change, of which Jiangsu intellectual investment accounted for the proportion of registered capital of 54.55%, Jiangsu High investment accounted for 45.45% of registered capital. March 1, 2010, Jiangsu Province Sasac official reply, Jiangsu Gao Jin Holdings of Jiangsu Changhai shares are no longer state-owned shares.