Chenguang Biological Equity Change now add and subtract Oolong

Source: Internet
Author: User
Keywords Equity Wulong add and subtract
September 7, from Quzhou County, Handan County, Hebei Province Chenguang Biological Technology Group Co., Ltd. (hereinafter called Chenguang Biology) into the gem.  The company's prospectus shows that more than 60% of the companies engaged in natural plants, such as chili red pigment, lutein, chili oil resin and lycopene, come from overseas customers and have developed into a global hot chili product leader.  Dawn biological distribution after the 89.7854 million shares of total equity calculation, the company 2009 attributable to the parent company 48.762 million yuan net profit diluted per share of about 0.54 yuan, corresponding to the current gem market, the average 60 times times the issue price-earnings ratio, the company price of about 32 yuan. This means that if the company goes public, it will be born 4名亿万 rich.  The book Wealth of Luqing, Li Yuesi, Guanqingbin and Dong Xizhong of the four natural person shareholders of the company will reach 286 million yuan, 216 million yuan, 134 million yuan and 134 million yuan respectively.  However, looking back 10 years ago, the predecessor of the Chenguang Zhou and renamed the development process of Hebei Chenguang, whether it is restructuring or increase capital, there are puzzling measures. Strange to the restructuring of the Morning light Biology prospectus, the company's predecessor is a collective ownership of the natural pigment factory Chenguang.  1998 the factory was established by Tianjin Hardware Products factory, its employees are all jianming hardware factory staff, the main asset is the latter investment.  From the subordinate relationship, Jianming hardware Factory is the collective ownership of Quzhou County two light industrial company and another collective enterprise Tianjin jianming Hardware Products Factory joint establishment, therefore, Quzhou two light Company is the Chenguang natural pigment Factory superior competent unit.  At the end of 1999 before the system reform, the total assets and total liabilities of Chenguang natural pigment factory were about 1.6163 million yuan and 978,800 yuan respectively, which realized 1.7092 million yuan sales revenue. According to the January 2000 Quzhou County set up the Chenguang pigment factory restructuring work of the leading group to develop the system plan,  The factory 898,800 yuan fixed assets returned to jianming hardware factory, leasing to the main company after the restructuring of Zhou, the remaining 717,500 yuan liquidity jianming hardware factory back 100,000 yuan, 150,000 yuan to jianming hardware factory holding the Quzhou light of the shares, and Quzhou morning bear other 467,500 yuan of debt.  At the same time, Quzhou Chenguang absorption natural pigment factory and jianmin hardware factory workers and other social natural persons total stock 350,000 yuan (finally determined to 342,000 yuan) shares.  However, in April 2000, the completion of the industrial and commercial registration, including Quzhou Chenguang legal representative Luqing, including the 33 people funded 342,000 yuan, only 120,000 yuan in cash, the other 222,000 yuan for inventory.  In this respect, the morning light biological prospectus is explained, "because of the date of the capital verification report as at March 29, Chenguang natural pigment factory has received a cash contribution of 222,000 yuan for the purchase of raw materials, therefore, Luqing and other 8 natural person shareholders of 222,000 Yuan capital to reflect the physical assets." However, according to the company disclosed that the 33 natural persons to pay the cash date of March 2From 4th to April 2, this means that the company has purchased 222,000 yuan of raw materials within 5 days of the payment of cash. More strangely, according to the company disclosed in the confirmation of the evolution of shares, the actual transfer of the natural pigment plant assets to Quzhou morning,  But found that after the deduction of the net asset value of 82,200 yuan is lower than the original plan of 158,000 Yuan Capital contribution, for this reason, other natural person shareholders according to the proportion of capital is not in place part of the registered capital.  This statement is obviously suspicious, in the process of restructuring, as a collective background of the jianming hardware factory to draw back 100,000 yuan in cash, even if the transfer of assets can be fully filled. And the dawn of the biological disclosure of the stock evolution to confirm that there are low-level errors. By deducting the remaining assets of the debt of 82220.27 yuan, and the difference of 158,000 yuan 75779.73 yuan by the natural person shareholders are allowed.  However, according to its disclosure, the price of this part of the stake has been priced at 82220.27 yuan.  Also need to point out that the participation in the restructuring of the 33 natural person shareholders, in addition to the original Chenguang natural pigment factory workers, more than 7 and the company unrelated natural persons.  The "freelancer" Guanqingbin and Li Yuesi, which originally financed 50,000 yuan and 30,000 yuan, were now the main shareholders of the company through constant participation in the replenishment. In the latest ownership structure of Chenguang, Li Yuesi and Guanqingbin hold 10.11% and 6.27% per cent respectively.  Once the company listed, they have billion of the net worth after the first major shareholder Luqing, and Lu from the jianming hardware factory since its inception as a legal representative, and single-handedly led the Quzhou Chenguang restructuring process. At the beginning of 2000, the natural person named Zhou Jing in the restructuring of the 20,000 yuan to obtain the company 4% of the original equity.  According to the Dawn biological disclosure, the company's current financial director Zhou Jing was born in 1982, from the company since its inception in 2000 has been in the company to conduct financial work. But it is surprising that Zhou Jing was 18 years old to be able to "preside over financial work". Up to now, Zhou Jing holds 2,506,356 shares.  According to the 32 yuan issue price calculation, once the dawn of bio-listed, her net worth more than 80 million yuan.  and 7 of natural persons, and Zhou Jing also invested 20,000 yuan to subscribe 4% Ningjinyang and Zhou Jing cousin Ning Yanting, belong to sibling relationship.  After the conversion of the value of the land to the capital of the January 2001, as the only legal person after the restructuring of the company Dong Jianming Hardware factory to withdraw shares, the holding of the Quzhou Chenguang shares were also in the original value of the Let.  After a series of personal equity transfer, July 20, 2001, Quzhou morning will increase the registered capital from 500,000 yuan to 2 million yuan, natural person Han Rui and the company's current vice-president Chen Yunxia into the shareholder list. After the increase, including Luqing, Guanqingbin, Dong Xizhong and Li Yuesi 4 natural persons to become the main shareholder of Quzhou Chenguang, 4 people total shareholding has reached 47.1% of total equity.  At present, 4 of them are holding a share of 36.07%. But the reporter sentNow, in 2003, the completion of an increase in capital, although the above 4 major shareholders are involved in the increase, but the natural Yang Zhifang to 1.1888 million yuan as the largest shareholder, the number of shareholders to increase to 49. However, 4 years later in March 2007, from the Quzhou Chenguang renamed the Hebei Chenguang started large-scale capital increase. The company registered capital jumped from 8 million yuan to 50 million yuan.  The new $42 million added to the $21.2219 million is increased by the capital Accumulation fund, and the remaining 20.7781 million yuan is funded by the original shareholder's cash. This time, Luqing's shareholding rate rose rapidly, from 1,007,160 yuan to 12.59% of the equity, to 7,512,459 yuan for the corresponding 15.02% of the shareholding ratio; Li Yuesi, Guanqingbin and Dong Xizhong have also risen to 11.05%, 8.37% and 8.37%.  While the largest shareholder Yang Zhifang Capital contribution from 1.1888 million yuan to 2,350,695 yuan, but 4.75% of the shareholding ratio has retreated to fifth. It is worth mentioning that the 21.2219 million yuan capital accumulation of 19.368 million yuan in the increase in shares, from the company in August 2005 to 5 of its own land assessment, based on the value of evaluation increased.  This is clearly not in line with the corporate accounting system at the time. The accounting error was adjusted retroactively after the company's listing was put on schedule in July 2009.  The solution of the company's final choice was to replace the value added of the land at the time of 5 years with cash 19.368 million.  In this regard, the sponsor of Ping An securities believes that the company in August 2005 on the basis of land evaluation of the value of the adjustment of the book value and April 2007 capital accumulation to increase capital is two independent behavior.  However, the 19.368 million-dollar land increase occupies 87.55% of the capital accumulated by the company in 2007 to increase capital, so it is difficult to skim the subjective intent of making false contributions with land assessment value added.  The complex commissioned shareholding and Chenguang life of the previous increase in the year, dazzling commissioned shareholding is also a major feature.  According to the reporter statistics, Chenguang living in the 2009 years before the listing of the entrusted shareholding matters, is the most of the gem company.  The company disclosed in the stock evolution confirmation, 2003, the company registered capital changed from 500,000 yuan to 8 million yuan, the natural person shareholder far more than the industrial and commercial registration display 49 people, but up to 86 people.  Among them, in addition to the Liu Jingmin generation Wang Yunhai 3 natural persons holding 34,500 yuan shares, Han Cunzhang Han Jianying holding 364,700 yuan shares, Yang Wenfang (had used the name of Yang Zhifang) or even on behalf of the Shun Chunfu 33 people total holding 1.25 million yuan shares.  This also explains the 2003-2007 Yang Zhifang as the company's largest shareholder, but four years later retreated to the fifth largest shareholder phenomenon.  In 2007, when the company's second large-scale capital increase was held, the number of shares totalling $3,778,925 was also involved, involving a total of 40 persons. Until 2In the 009 July, prior to the launch of the company's listing plan, all the above-mentioned shareholders and the corresponding assignee signed the agreement on the transfer of funds, with reference to the value of net assets as at the end of March 2009, to determine the transfer price of 2.01939 yuan per share.  Limited to the limit of 50 shareholders of the company, some of the original shares trustee will transfer the shares to Luqing, Li Yuesi, and other 8 people, rather than to the original client.  The company explained that 8 of people such as Luqing and Li Yuesi, in order to avoid competition problems, transfer their subsidiaries to the company, they are subject to the above part of the stake is "to make up the transfer of their subsidiaries of the loss of shares, the company through the liquidation increase in the number of shares in the company."  It is undeniable that they also received a partial premium for the former shareholders who had previously held stakes in the trustee. After the completion of the liquidation of the entrusted shareholding 2 months, that is, September 2009, Chenguang Biological joint-stock reform and start a new round of capital increase plan.  The new 126 natural-person shareholders add up to 6,785,436 yuan, some of them from the employees who are motivated by the equity, and some of them from the original entrusted holdings. September 26, 2009, Chenguang ushered in 4 institutions-Shenzhen innovation, Shenzhen Fortune, Hebei Kim Yo-da Venture and Ningbo June run investment in order to participate in the increase of 4.9 yuan per share, since then, the company formally submitted to the GEM listing application materials.
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