Layers of exploitation of new road bridges by the state-owned Hua Pangwei

Listed company Value Line reporter Lurui into the July 21, Chengdu New Road Bridge Machinery Co., Ltd. 's first application for the Commission issued by the Board of Auditors. If the new road bridge is priced at about 36 yuan on an average of 40 times times the size of the board, the actual owner of the Huang Zhiming holding shares will reach 1.96 billion yuan.　　He also has a stake in the company's management, as well as a number of late-stage investment companies such as Chung Jin department. In this process, the distribution of the uneven nature of the bitter music is different. Those state-owned enterprises that supported the new road bridge in the early days were not only "mistreated" by the price of the transfer of equity, but also facilitated the arbitrage of large shareholders, and by default in the evaluation of assets, they were fed a group of individual players with state funds.　　Two levels of interest delivery, are suspected of loss of state funds.　　Batch manufacturing Rich "listed company value Line" reporter survey, in addition to the actual control of Huang Zhiming outside, there are a bunch of people from the IPO to share the feast.　　2007 8-November, large shareholder new Building Limited, big shareholder concerted action people poly-British technology, Xi ' an Compaq will be held by the company's shares 13.85 million shares, 920,000 shares, 600,000 shares transferred to the German run investment, Shanghai Xin Lian and other 13 investors. Among them, the new limited transfer to the German-run investment, Shanghai Xin Lian, Chung Jin Industrial, Shanghai Yu Wenrong, the shares are 400, 200, 100, 100, 2 million shares, 10 yuan per share, to Zhou, Che Junfu, Hu Zhengmin, Zhung Junsheng transfer 2.2 million shares (average price 7.5 yuan/unit), 1.1 million shares (2 yuan/ unit), 500,000 shares (1 yuan/unit), 50,000 shares (1 yuan/unit).　　Poly-British science and technology to Xungang, Li Yu, Chen Ziheng, Chen Aimin transfer 600,000 shares, 200,000 shares, 60,000 shares, 60,000 shares, each share of 1, 5, 2.5 and 2.5 yuan respectively. The stakes in Chung Jin are striking. After two times in April 2008 and February 2009 to increase the shares, Chung Jin Industrial holdings rose to 1.5 million shares, the investment is expected to make a net profit of more than 44 million yuan.　　But Chung Jin's old friend Shanghai Xin Lian also benefited not bandits. Zhou, the other wealthy individual, Huang Zhiming the company's successful introduction of financial investors in 2007, which he thanked and rewarded.　　Che Junfu is the main start-up shareholder of the newly built prestress, Hu Zhengmin, Zhung Junsheng and other shareholders are the external experts hired. Zhou introduced financial investors, Department of September 2007, Tak Run investment capital of 20 million yuan, Hing Rui investment 40 million yuan, natural person Xiaxiao capital contribution of 40 million yuan, Shesu capital 30 million yuan to the company to increase capital, increase the price of 10 yuan/share.　　The investors also have a harvest in two years. October 14, 2008, the new Building Limited, poly-British technology and other shareholders in the price of 1 yuan per share to the company, senior management staff of 48 total transfer of 1.96 million shares.　　If the price of 36 yuan, the market value of more than 70 million yuan, less than two years of personal wealth 35 times times. There is no doubt that Huang Zhiming is the leader of everyone's wealth. But several countriesThere are shareholders who acted as a "living Lei Feng", but also because of their state-owned status and no concern. "Hua Pangwei" in 2001, the new Road bridge was established, registered capital of 30 million, the new building limited to 24.2 million shares (accounting for 80.67%) to become a major shareholder. 2003 registered capital increased to 55 million yuan, November Chengdu Municipal Government to invest 22.56 million yuan, Chengdu Venture capital investment of 24.44 million yuan, the increase in prices are 1.88 yuan/unit, to complete the increase in capital expansion. Chengdu Investment and Chengdu Venture held 12 million shares (accounted for 21.82%) and 13 million shares (accounted for 23.64%), a total of 45.46%.　　In addition, Chengdu Xinjin County Capital Investment company also held 1.5 million shares (accounting for 2.72%) of the state-owned shares. 2005, Xinjin 1.5 million shares to 2.82 million yuan (1.88 yuan per share) transfer to poly-UK technology. This is the first time the transfer of shares.　　At that time, the 1.5 million shares of the state-owned equity changes did not comply with the provisions of state-owned assets management to carry out asset assessment, agreement transfer to the provincial Sasac. It was not until April 2009 that the Xinjin County state-owned assets authority commissioned an evaluation agency to assess the 1.5 million shares retrospectively, at a price of 3.6682 million yuan. Poly-British technology should be paid 848200 yuan, and pay interest of 235100 yuan (from January 1, 2005 to May 10, 2009).　　In Poly-British technology to the above amount of 1.0833 million yuan to pay the Xinjin country, the May 2009 Xinjin County government did not believe that the loss of state capital, October Sichuan Sasac also agreed with the principle of 1.5 million shares of the state-owned assets transfer.　　2007, when the second share transfer, Huang Zhiming the same. August 2007, Chengdu Investment and Chengdu Wind cast 12 million shares and 13 million shares to 25.8811 million yuan and 28.0378 million yuan to the new building limited, an average of 2.16 yuan per share (2003 increase in the share price per share 1.88 yuan, 4 years only value-added 0.28 yuan/unit).　　The transfer of equity, has not been approved by the provincial SASAC, there are flaws in the legal process. 2 years later, this part of the stake was reassessed. September 2009, Chengdu Investment, Chengdu Wind Investment and new Building Limited signed the supplementary agreement, the adjustment of the price of 31.507 million yuan and 34.1326 million yuan, the new Construction limited compensation for the difference and interest. The average per share was also adjusted to 2.63 yuan.　　The Chengdu municipal Government and the Sichuan provincial Sasac have also been confirmed afterwards. "Two are involved in state-funded, both are first underestimated after the compensation, only the state-funded money does not distressed." "One investment banker pointed out," on the surface, the state capital has achieved a value-for-money, but dynamic look, VC fancy is listed after the exit profit. From this point of view, the state capital has not achieved maximum benefits. But Huang Zhiming's approach does not stop there. 2007 8-November, the new limited transfer of 13.85 million shares to 9 assignee, of which 10 million shares of the unit price of 10 yuan. Total transfer Price 119350,000 yuan, an average of 8.62 yuan per share, compared to the August acquisition of Chengdu Investment and Chengdu Wind investment of 2.16 yuan per share, nearly 4 times times higher. In 3 months "buy one sell", big shareholder new Build limited will profit 4 times times. Even in accordance with the 2009 adjustment after the transfer price of 2.63 yuan, compared to 8.62 yuan, the state-owned shares will also close discount of 70%.　　In September 2007, the new financial investors to increase the price of 10 yuan/share. "Xinjin, Chengdu Investment and Chengdu Venture investment in the stake, the low price to Huang Zhiming, Huang will be part of one of the different prices to new investors and corporate management." In this, who loses the money, one eye will be clear.　　"said an investor surnamed Huang. The prospectus said, "Chengdu Investment Company, Chengdu Venture Capital, as the Chengdu municipal government-owned investments, its 2003 capital increase company is mainly to support the development of enterprises, and ensure the preservation and appreciation of state-owned assets." "But these two support Huang Zhiming state-owned companies, but failed to get the return of VC." Value line of listed companies