Farewell to "Hanlong Department": The history of the stake of the Golden Road Group

After Mr. Liu passive from the Gold Road group out of the home, HTC Group also gave up in the Golden Road group's voting rights. August 30, the listed company Jin Lu Group (000510) through the general Meeting resolution, Guanghan Capital Mr. Liu no longer as a company director, Chairman, at the same time, with Sichuan province Deyang Capital background Zhang Changde was selected as a new chairman of the Golden Road group. Financial profit PO, current savings rate increase 1000% public data show, Zhang Changde, Male, Han, born in October 1956. Successive Deyang Commission clerk, deputy Director, director, Deyang Wu Zi Ju Director assistant, Deputy Director, Deyang Materials Association president, Deputy director of Deyang Economic and Trade Commission, Deyang state-funded deputy director. 　　Before entering the Golden Road Group, Zhang Changde's Last post was the Deyang investigator. Shortly after September 17, Sichuan Hongda Group Co., Ltd. (abbreviation: HONGDA Group) and Deyang state-owned Assets Management Co., Ltd. (abbreviation: Deyang state capital) signed a "power of attorney", the power of Attorney agreement: in order to maintain the stability and development of the company, HTC Group Holdings 31 of the Gold Road Group, 336,614 shares of the relevant shareholder rights granted to Deyang state funds on behalf of the exercise, and at the same time pledged, within the validity of the power of attorney, HTC Group recognized Deyang as the actual control of the Gold Road group status, and in the Golden Road Group shareholders meeting, the board of directors and other business management activities, 　　HTC does not implement any act that may affect the status of Deyang as the actual controller of the Gold Road group, which is valid from September 13, 2013 to December 31, 2014. In fact, as of June 30, 2013, the first three major shareholders of the Golden Road group were: Sichuan Hongda Group Co., Ltd., 31.3366 million shares, accounting for 5.14% of total equity, Deyang State-owned Assets Management Co., Ltd., 21.5561 million shares, 3 of total equity. 　　54%. Mr. Liu Control of the Han Long Industrial Development Co., Ltd., 12.5604 million shares, accounting for 2.06% of the total capital. According to previous media reports, the former chairman of the Golden Road group Mr. Liu has been controlled by the police. March 20, the Golden Road group emergency suspension. March 21, the Golden Road group issued an emergency bulletin, said, "the company could not contact the chairman Mr. Liu." 　　"The Gold Road group said in a August 15 announcement that since Mr. Liu has not attended the board meeting of the Company for more than 2 consecutive times and has not entrusted other directors to attend the board meeting, according to the company's Articles of association, the Board of Directors agrees that Mr. Liu will no longer serve as director, Chairman and Board of Directors of the eighth session of the company. 　　Mr. Liu's dismissal, and Zhang Changde's inauguration, marked the end of Hanlong's control of the Golden Road group. and HTC to Deyang state-funded authorization, then make 2013 ~2014 year December 31, Deyang state capital will have the Golden Road group total 52.892 million shares of the voting rights, accounting for 8.68% of the total equity, become a listed company's firstLarge shareholder and actual control person. 　　"The country enters the people to retreat" the meaning is thick. 　　It is noteworthy that the real control of HTC Group Liu Jiaolong, and long-term "unable to contact" Mr. Liu Department of the cousin relationship. Moreover, HTC Group's authorization is quite odd. 　　Since the 31.3366 million shares of HTC itself came from the Deyang state, the two sides have had a five-year-long saw from 2004 onwards. Gold Road shares of the stock movements behind the Mr. Liu in the advance and retreat of listed companies, HTC Group and Deyang state-owned equity transfer saw, in the end is two completely parallel unrelated story? 　　Or is there a close relationship? Hanlong Department and HTC Department Mr. Liu Control of the Han Dragon, and its cousin Liu Jiaolong control of the Hongda, has been the legend of Sichuan capital market. The two companies are at the intersection of the Golden Road group. 　　Mr. Liu Financial profit po, the current savings rate of 1000% four Tiuking Group Co., Ltd. (listed companies Jin Lu Group), is the Sichuan Provincial resin factory was reorganized, registered status in Sichuan Province, Deyang in 1993, listed in Shenzhen Stock Exchange. 　　Before 2002, the first major shareholder of Jin Lu Group was Tibet Everest Motorcycle industry Company (Tibet Everest). At the end of 2002, Han long, controlled by Mr. Liu, became the largest shareholder of 14.64% of the total equity capital of the Golden Road group. 　　Deyang state capital to 13.34% of the shareholding ratio, after the Han-long industry. 　　Han Long Industrial, the Department of Sichuan Guanghan Mr. Liu after 2000 in the capital market, one of the flagship companies. Mr. Liu itself is a legend in Sichuan Capital Circle. 　　He graduated from the Southwest, the early years of the sale of building materials and refined oil business, relying on steel futures, known as the Sichuan Futures industry "godfather-level figures." Industrial field, Mr. Liu Sichuan Han Long Group Co., Ltd. has been involved in hydropower development, highway construction, mining and other fields.　　In the capital market, Mr. Liu through the plains industry and Han long industrial two companies, has become a listed company Hongda shares and the main shareholder of the Gold Road group. Mr. Liu and HTC Shares (600331) behind the Sichuan Hongda Group Co., Ltd. the actual control of people Liu Jiaolong, the Department of Cousin Relations. 　　But Liu Jiaolong has a completely different way of creating wealth. 　　Liu Jiaolong First was a member of the oil refinery of Shishan democracy commune in Sichuan province, and in the late 70, he started his own phosphate fertilizer factory by borrowing 500 yuan, and then became bigger, and built the Sichuan Hongda Group and the listed company Hongda shares (600331). Mr. Liu's Guanghan Plains industry, the first in the listed company Hongda shares held 16.09% of the shares, the second largest shareholder of HTC, after Liu Jiaolong through the subsidiary of HTC Development Holdings of 22.92%. 　　And since 1994, Mr. Liu long-term in HTC shares as deputy chairman of the post. 　　Therefore, it is not a coincidence that the Liu Jiaolong-controlled HTC Group tried to intervene in the Golden Road group soon after the Mr. Liu Industry became another listed company Jin Lu group. htcThe group's five-year itch since 2004, Liu Jiaolong's HTC Group has tried to intervene in the Golden Road group. 　　Golden Road Group of a notice shows: February 3, 2004, HTC Group and Deyang state Capital signed agreement: 1, HTC Group to obtain Deyang holdings of 13.34% of the Gold Road Group shares, the transfer price of the proposed 142,170,245 yuan. 2, HTC Group in the agreement signed the date of 5th, to the Deyang state funds to pay 42 million yuan. 　　The balance will be paid within 10th of the approval of this equity transfer by the SASAC. 　　The above agreement, since the signing, but also to be reported by the Sichuan Provincial People's government, the State Council state-owned Assets Supervision and Management Committee approved after the entry into force. 　　However, in order to wait for these two approvals, both sides spent a full five years. Golden Road Group once again issued a notice on the transfer of state equity, is more than two years after December 25, 2006, the bulletin shows that Sichuan province, the name of the government has issued a letter agreed to Deyang state-owned Gold Road group 52,892,738 shares transferred to HTC Group (share reform after the total share capital of 8.68% 　　), the transfer of equity is still to be reported to the State Council state-funded committee approval. 　　Prior to this July 2006, the Golden Road group has completed the split share reform, its pricing scheme of Non-tradable shareholders (including Han Long industrial, Deyang state-owned) to each holding 10 shares of circulating shareholders to pay 2 shares of the equity. 　　After the completion of the reform, Han-long industrial holdings of the Gold Road group into 57,582,474 shares, accounting for the proportion of total equity 9.45%; Deyang holdings of 53,336,380 shares, accounting for 8.76%. In addition, the former Gold Road group, the third largest shareholder in Sichuan Flemish printing hands of the shares, in 2006 has been transferred to Sichuan Han Long High-tech Development Co., Ltd. (abbreviation: Hanlong High-tech), after the completion of the reform, Hanlong High-tech Holdings 16,209,995 shares, accounting for 2.66% of the total equity. Public data show that Hanlong High-tech and Han Liuzhou industry, the same is controlled by the Mr. Liu affiliated enterprises. 　　So Mr. Liu controls the company, actually holds 11.34% of the Gold Road group shares. If Deyang state-owned capital to the HTC Group's equity transfer completed, Liu Hantang brother Liu Jiaolong control of HTC Group, will be in the Gold Road Group held 8.68% shares, become the second largest shareholder. 　　The situation, contrary to Liu Jiaolong and Mr. Liu's shareholding in another listed company, is likely to create a delicate balance between the two.　　At the same time the two brothers control the proportion of equity will be more than 20%, can be in the relatively dispersed equity of the Gold Road group to stabilize the relative holding position. 　　The earthquake "destroys" the transaction Hongda Group invests in the Gold Road group, the process is twists. May 7, 2008, the State Council SASAC finally issued a written approval Deyang state-owned shares of the Gold Road group all transferred to the HONGDA group, approved the statute of limitations for November 7, 2008. June 11, 2008, the Gold Road Group received a notice of the Deyang state: The parties to the transaction areIn preparation for the transfer of information. 　　Financial profit Po, the current savings rate increased by 1000% and in the middle of May 12, the World Wenchuan earthquake, the Golden Road group in Sichuan province Deyang became one of the hardest hit, several subsidiaries of the disaster production. November 8, 2008, the Gold Road group issued a notice, because "Deyang is located in the hardest-hit areas, property losses, serious casualties, the transfer of shares of both sides of the earthquake relief, failed to deal with the transfer of ownership rights." After the instructions to the relevant departments, the transfer of shares of the two parties to the Gold Road group to the transfer of State ownership agreement to report the approval. 　　"21st century Network found that November 2008 ago, a-share market experienced a sharp fall from the 2007 highs, the Gold Road Group shares on November 4 to reach 1.97 yuan/share. 　　If in accordance with the original trading plan, HTC Group should be 142 million yuan total price, to obtain Deyang the hands of 52,892,738 shares, the actual cost will reach 2.68 yuan/share. In fact, from the middle of September 2008 onwards, the Gold road shares have been falling to 2.68 yuan/share. 　　If HTC is still trading in its original scheme, the acquisition of shares is tantamount to a loss. 　　It is difficult to conclude whether the two sides are unable to process the transfer due to the earthquake or because of the fall in the stock market. However, the irony is that in the middle of November 2008, shortly after the expiration of the deadline, the gold road shares began to rebound, and from the beginning of 2009 out of the main wave, the year the maximum of more than 10.68 yuan/share. 　　And the two sides "intend to sign the agreement" after the total absence of the following. In the first half of 2009, HTC Group Deyang state-owned companies to court. May 31, 2009, the Deyang Intermediate People's Court issued a civil mediation book, confirmed that the original defendant reached an agreement: the two sides confirmed Deyang state-owned companies owed Hongda group debt of 43.74 million yuan, Deyang state-owned companies agreed to its holdings of the Golden Road Group 31,336,614 shares (the total share capital of 5.144% 　　) transfer to HTC Group for satisfaction. 　　After the transfer, Deyang state-owned Gold Road group still holds 21,999,766 shares, accounting for 3.616% of the total equity ratio, as the third largest shareholder, and HTC Group is to become the Golden Road Group's second largest shareholder. In fact, on the eve of the conciliation book, the Gold Road group shares closed at 4.93 yuan/share, Deyang transfer to the HTC Group of 31,336,614 shares, at that time the market value has exceeded 154 million yuan. 　　The value of the stake, which is 43.74 million yuan higher than the debt principal, has a huge gap and has been lifted at the time of the transfer. Hanlong has become a foregone conclusion in recent years, the Golden Road Group is a Hongda group as the largest shareholder, Hanlong Department of the Board of Directors to control the strange company. 　　HTC Group, Deyang state capital, Han long industry, the three-party game in this company is very delicate. At the end of 2009, Han Long industrial has been reducing the majority of the stock, retreatis the third largest shareholder of the Golden Road group, but Mr. Liu himself has long served as chairman of the Golden Road group, until 2013 "missing" incident. 　　When HTC became the largest shareholder, it did not make a major restructuring of the board. On the other hand, although Deyang is the second largest shareholder for a long time, it has no seat on the Golden Road group's board of directors for many years before 2010. 　　Until December 2010, Deyang, general manager of the state-owned company, Tan Wei a board seat on behalf of the State Fund. 　　From the Hongda group and the Deyang state-owned "equity dispute" in court, the relationship between the two sides on the surface is not so harmonious. 　　However, HTC Group from the hands of Deyang state-owned "strong take" of the 31,336,614 shares, occurred in the stock price has climbed on the eve of the reduction, 43.74 million of the debt principal, compared to the shares at the time of 154 million yuan market value, appears insignificant. After the Mr. Liu "passive" Gold Road group, as the largest shareholder, HTC Group not only did not exert influence on the Golden Road group, from its own to send a new chairman of the candidates, instead will 31,336,614 shares of shareholder rights and interests, authorized to Deyang state capital exercise, whether behind the Mr. Liu event to avert suspicion of reason, difficult to have a conclusion. 　　For this 21st century network call Hongda shares, the other side of the phone is always in an unreachable state. 　　Finally, it is worth noting that HTC authorized only 31,336,614 shares of shareholder voting rights, and only one year of equity ownership and return rights are still locked in their hands. A year later, how the Golden Road group's control relationship evolves, remains a variable. However, Hanlong from the Golden Road group Fade Out, has become a foregone conclusion.