"Dragon Department" Masters Chen Ken Hong Kong stock market returns to take over the Gold Exchange mining

Every reporter Li Lingxia mention Chen Ken, we may have a little strange name, but, if the "Dragon System" of Fujian listed company Shenlong Development (now *st Huadiao, 600659,sh) on suspicion of violating securities laws and regulations by the CSRC to investigate the case,　　Investors who believe they have had years of experience in the securities market will not forget.　　In 2004, after China's relevant regulatory authorities investigated the Shenlong development violation, the SFC imposed a market ban on its controlling shareholder, Chen Ken and Chen Kegen Brothers, Chen Ken was ordered not to hold any listed company or senior managerial position in the securities business for three years. After more than four years, Chen Ken the once in the A-share market after the downfall of the capital master and returned to the Hong Kong stock market.　This time, Chen Ken the old line of his fortune, ready to inject a New Zealand dairy business into China's gold mining (00462,HK), a Hong Kong-listed company.　　New Zealand Dairy Co., Ltd. was listed yesterday in China gold mining shell, a takeover announcement, which 00462,hk the shares of China's gold mining industry, a company that has seen its share price fall by nearly 40% per cent in the stock market after a resumption of its share price, is still up to 9.901% for a total of HK $1.11 a day. Yesterday morning, China's gold mining issued a notice announced to the total of about 100 million NZD (about HK $480 million), the price of New Zealand company ubnztrusteelimited (UTCL) to acquire UBNZ assetsholdingslimited20% rights and liabilities.　　At the same time, the gold mining industry in China, at a low price of HK $1, is authorized to purchase the remaining 80% interest, and the cost of exercising the rights is about 400 million NZD (about HK $1.919 billion).　　The announcement shows that UBFM's main business is to hold and manage the production, sale and distribution of livestock, milk fat solids and related dairy products in New Zealand. On the face of it, this is just a normal asset purchase for a listed company, but why would China's gold mining company, which specializes in mining operations, go far to New Zealand to buy dairy products that it has never dabbled in?　　The company recently issued a profit warning, saying its annual results for the year ended March 31, 2009 will suffer a big loss. Although China's gold mining industry in the announcement that the above business needs will continue to maintain growth momentum, and the acquisition agreement can expand the company's business scope and profit base, and decentralized focus on existing business risks.　　However, the daily economic news reporter found that this seemingly ordinary trading, in fact, with the stock market capital experts are accustomed to the "backdoor listing" approach is very similar. In the disclosure of the contents of the announcement, in the exercise of the price of the right to buy, China Jin Hui Mining has proposed a number of payment methods, but mainly in the company to UBNZ issued convertible shares to complete. It is noteworthy that all convertible shares in China gold mining will be convertibleShares accounted for 71.88% of the company's enlarged share capital.　　If the shares are exercised, the controlling power of China's gold mining will also be changed hands. The "Dragon Department" has taken over the gold mining Chen Ken months ago. It is noteworthy that the daily economic news reporter, looking through the announcements in recent months, found that, in fact, in an effort to lay the groundwork for the asset injection, China's gold mining industry had just made a board appointment less than one months ago.　　The capital master Chen Ken, who operated the assets injected above, was the board that formally entered China's gold mining industry one months ago.　　May 7, China Jinhui Mining announced that Mr. Jackkeenchen has been appointed as the company's co-chairs, chief executive officer and executive Director, and from the day the formal entry into force. In the announcement of appointment of Director of China Gold Mining, the main experience of Mr. Jackkeenchen was described as follows: "1990 became the Chairman of the Board of Directors of Fujian Shenlong Dairy Beverage Co., Ltd., and the Chairman of the Board of Directors of Fujian Fu Lian Stock Co., Ltd. from 1998 to 2001.　　From 1997 to 2002, he served as Chairman of the Board of the Hong Kong Shenlong International Group Limited.　　From the information provided by China Jinhui Mining Bulletin on the newly appointed directors, the Jackkeenchen is in fact the Chen Ken of the chairman of the company, which has been the dragon of the shares listed companies (later renamed Min Xin Huadiao, 600659,sh). It is understood that Chen Ken emigrated to New Zealand in 2002, has been engaged in public welfare undertakings in New Zealand, and formally set up the New Zealand Chinese Business Roundtable Council for Chinese businessmen living in New Zealand in New Zealand business activities and business, become the Chinese business and New Zealand local political and business cooperation and communication between the two sectors It has also enabled Chinese businessmen to improve their social status in New Zealand.　　As a result of his many years of contributions to the country and Society of New Zealand, he was recognized by the ruling party and therefore invited the incumbent leader of the ruling party, the fee, to be the patron of the Council.　　In addition, in New Zealand, the local dairy industry and the market has been a thorough understanding of the successful introduction of New Zealand's dairy products into the Chinese market, and the creation of the "Australian Cow" dairy brand. The market has been banned for three years and Chen Ken is back. In fact, after browsing through the history of Chen Ken, we can see that the capital tycoon once served as the Chairman of the Board of the Shenlong International Investment (China) Limited, and the group had controlled the Dragon development and St. Blessing of two listed companies in Fujian, which was known as the "Dragon Department".　　And then accompanied by the "Dragon System" collapse, Chen in the A-share market has also been "dirty stains." October 25, 2004, the Dragon development in the clarification of the announcement, as at September 30, 2003, the company's cumulative guarantee of 380 million yuan, 18 million Hong Kong dollars, which violate the rules for shareholders and their associated party companies to guarantee 52 million yuan, 18 million yuan HKD. Subsequently, in response to the development of the dragon suspected of violating securities regulations, ChinaThe SFC decided to investigate the company.　　November 4, 2004, the Shanghai Stock Exchange on the Dragon development of the main controlling shareholder Chen Ken and his brother Chen Kegen publicly denounced. It is noteworthy that in the same year, the CSRC also issued a circular to determine the Chen Ken brothers in the market ban punishment. According to the SFC announced the punishment decision, "in view of the Chen Kegen, Chen Ken illegal nature of the crime is more severe, the circumstances are more serious, the CSRC identified Chen Kegen, Chen Ken for the market is prohibited, Chen Kegen five years shall not be held in any listed companies and engaged in securities business institutions of senior management positions, Chen Ken shall not serve as a senior manager of any listed company or securities business organization for three years. "Now, the SFC for the Chen Ken of the market ban on the punishment has been lifted, Chen Ken back to the market, in Hong Kong listed companies China Gold mining, the former Fujian province, the capital of the tycoon will also have what action, we wait and see."