Deyang state capital to govern the Golden Road group farewell to the decapitated

In the company's original actual control person Mr. Liu by the police nearly half a year later, the Golden Road group registered in the Deyang government finally came forward, by Deyang state-owned Assets Management Co., Ltd. to obtain the power of the Hongda group authorized to become the new actual control of the Golden Road group. Deyang Local analysts believe that the main motivation for local government to keep listed companies, but given the company's current extremely bleak main business situation, follow-up or need other means. The company announced today that September 17, the company's major shareholder Sichuan Hongda (Group) Co., Ltd. and Deyang state-owned Assets Management Co., Ltd. signed the power of attorney. The power of Attorney agreement: in order to maintain the stability and development of the company, Hongda Group will be held 31336614 shares of the Gold Road group shares of the relevant shareholder rights granted to Deyang state funds on behalf of the exercise, and pledged, within the validity of the power of attorney, recognized Deyang as the actual control of the Gold Road group status, and at the Golden Road Group shareholders Meeting , Board of Directors and other business management activities, HTC does not implement any act which may affect the status of Deyang as the actual controlling person of the Golden Road group, and the power of attorney is valid from September 13, 2013 to December 31, 2014. In the view of local capital market insiders familiar with the Gold Road group, the Deyang's move was not surprising, "as a city in the western Province, Deyang listed companies are not much, and if possible, local governments still want to keep the company's listing status." "From the reality of the company facing the dilemma, in the actual control of the Mr. Liu by the police, the company temporarily in a" decapitated "state. Late March this year, the market was Mr. Liu by the police control of the news, the company also announced the loss of contact. Since then, the company's two session of the Board, Mr. Liu are not involved. By the middle of August, the company had decided to make adjustments to the Board, Mr. Liu from the board. The existing shareholding structure of Jin Lu Group provides the conditions for the "Deyang" of the state-owned capital. Deyang state capital itself is the second largest shareholder of the Golden Road Group, the current shareholding ratio of 3.54%, and HTC Group shareholding is only 5.14%, after obtaining the authorization of the Golden Road Group, the Deyang state-owned companies currently can actually dominate the total voting rights of the company 52892738 shares, accounting for the total capital of 8.68%. This approach is also easy to accept for the benefit of the parties, as there is no actual change to the equity. In fact, prior to the company's replacement of the chairman has revealed the intention of the state-funded. August 15, the company convened a board of Trustees to consider the adoption of the "on Mr. Mr. Liu no longer as a company director of the Motion", and the company's new chairman Zhang Changde is currently Deyang SASAC investigators, prior to successive Deyang Commission clerk, deputy Director, director, Deyang Wu Zi Ju Secretary assistant, deputy Director, Deyang Material Association president, Deputy Director of Deyang Economic and Trade Commission, deputy director of Deyang. In Deyang local capital market Personage sees, Deyang state capital of this this is good to the listed company. In recent years, Gold Road Group main business has been depressed, Deyang local government repeated "blood transfusion" action, such as 2012 yearsThe company transfers the shareholding of Deyang Bank Co., Ltd., and the Deyang Economic and Technological Development Zone Management Committee, a wholly-owned subsidiary of Sichuan Gold Road Resin Co., Ltd. Land, ultimately to achieve the annual net profit by investment income, but the actual source of income is the active support of local government. "We judge that this kind of support will increase further and not even exclude other capital operations after the Deyang becomes the actual controller," he said. "The foregoing Deyang the local personage analysis to think. Public information shows that the Gold Road group in 2012 after the deduction of net profit of 179 million yuan, the first half of this year loss of 78.77 million yuan. The company is currently the main PVC and caustic soda, and the industry has not seen a significant turnaround in the year, relying on the probability of main profit has been small. The company disclosed on the same day the details of the change of rights report revealed that in the next 12 months, Deyang no change of the company's main business plans, no further increase or disposal of existing shares of the plan, there is no major asset restructuring plan.