Fenghua tech firm takes over loss-making enterprises

For high-priced acquisition of the parent company's loss-making enterprises, Guangdong Crystal High, Fenghua Gao Ke (000636) seems to be iron heart. On the evening of Friday, the company issued a supplementary bulletin on why the company to identify the Guangdong Crystal High section was elaborated.　　The announcement, however, has not only reassured the market but also raised a big question mark about the commitment of Fenghua high-tech parent companies to quality assets. The announcement of the announcement of the company's announcement of a supplementary notice on the acquisition of 86% per cent of Guangdong Crystal High-Tech Co., Ltd. in late Friday.　　In respect of the company's acquisition of the so-called strategic layout of the Guangdong Crystal Hi-tech and Guangdong Crystal high quality of assets made an exposition. However, in the industry's view, although the company claimed that the Guangdong Crystal High division since April 2010 has achieved monthly profit, 2010 1-June cumulative profits.　　But the content of the supplementary bulletin is not much, Guangdong Crystal hi-Tech and the identity of high-quality assets is difficult to match.　　As the announcement coincides with the meeting of the provisional shareholders, the company's behavior is more like canvassing for itself. A premium acquisition of loss-making enterprises was questioned before August 3, Fenghua High division issued a notice, to 128 million yuan to acquire the parent company Guang Sheng Group of electronic Components Enterprise Yue Crystal High section.　　This announcement, the market is an uproar, including this newspaper and many of the media have questioned, that the acquisition may be suspected of conveying benefits to the parent company. In this connection, some lawyers have raised more questions to this newspaper.　　First of all, to be injected into the Guangdong Crystal High Division is a loss-making enterprises, and "high-quality assets" is far from the board, whether or not to consider the broad Sheng group misleading statement of the legal liability; second, in this acquisition, the company announced information disclosure problems, the board need to explain this. It is noteworthy that in the supplementary announcement, in order to support the Guangdong Crystal High section of "quality". The company revealed that the Guangdong Crystal Hi-Tech has for the IPO in 2006 for the two-year listing counseling, corporate governance and internal control is better.　　Its listing process is mainly affected by the actual control and financial crisis. However, there are securities analyst nail Secret. The main reason for the failure to go public is that the company's performance began to decline in 2007, and 2009 years even a loss, unable to meet the listed companies "nearly three years of continuous profit" requirements, had to stop the pace of the IPO. "Listing does not sell to subordinate enterprises, Guang Sheng Group Circle money Tricks really admirable."　　The analyst laughs. Although Fenghua Hi-Tech in the announcement that the transaction is completed, the company will retain the Guangdong Crystal High Division listing of the possibility.　　One investment banker told reporters that it would be good to split up, but it's not easy to go public. At the scene, the vote was referred to the disadvantage of retail investors and the above mentioned lawyers questioned that the consideration of the Meeting of the General Assembly, including the acquisition of the Guangdong-Guangzhou high-tech 86% stake in the vote of the provisional shareholders ' Congress only select the site vote.　　In the past, in general, major issues, listed companies will take the network vote and the combination of on-site voting, not to mention the acquisition of a so-called high-quality assets. Perhaps, thisThere are unspeakable secrets.　　In fact, the company's decision not to use the Internet to vote on the site to vote on the resolution of the majority of small and medium-sized shareholders has long been a stir. One of the small shareholders of Fenghua High Branch in a financial stocks bar reluctantly said: "I am strongly opposed to this acquisition, because the acquisition price is too high, but the shareholders meeting in Guangzhou, no way."　　Another investor wrote a power of attorney and said that a certain client could not be allowed to go. According to the latest announcement of Fenghua Hi-Tech, the shareholders ' meeting of this acquisition will be held in the conference room of Guangzhou Guangdong Crystal High-tech second floor on September 8, when the confrontation between small and medium shareholders and major shareholders will progress, the resolution can finally break through the shareholder meeting, this newspaper will continue to pay attention.