Fuling Pickled mustard Tuber two shareholder investment 500 million commitment vacant

Two shareholders East trillion Changtai is "Guangsha Department" a member, the stake in Fuling Mustard 3-year profit will be more than 4 times times a week newspaper reporter/Cai Yanlan following the operation of Longkou fans of the Twin Towers food (002481) after the successful listing, Fuling Mustard will also be listed. October 15, Chongqing fuling Mustard Tuber Group Co., Ltd. (hereinafter referred to as "fuling mustard") the starting application.　　This march into the gem failure and then into the SME of Chongqing City Star Enterprise domestic visibility is not high, but the listing process is still a lot of doubt. Company two shareholder Dongchao Investment Group is a member of contributes "Guangsha department". January 2008, East trillion Changtai in the purchase of equity 48,586,020 Yuan, has written promise "five years to fuling mustard investment more than 500 million yuan", but this commitment in the Declaration is not stated.　　and two times to increase the shares of the East trillion Changtai in Fuling mustard market will gain 429% of the investment income, this period only experienced three years time.　　"5-year investment 500 million" commitment to public information, fuling Mustard is on March 31, 2008 by the Chongqing fuling Mustard (Group) Co., Ltd. (hereinafter referred to as "mustard Group") The overall change set up the company Limited, the existing registered capital of 115 million yuan. Fuling Mustard's main business for mustard products, mustard sauce and other dishes such as appetizer food development, production and sales, leading products for Wujiang brand series of mustard.　　At present, its annual output of 61,000 tons, is China's largest mustard processing enterprises. From the prospectus, Zhongqing Fuling District state-owned Assets Supervision and Administration Committee (hereinafter referred to as "Fuling state-funded committee") is the company's controlling shareholder, directly holding the company's shares of 58.65 million shares, occupy the company 51% Equity. The company's second largest shareholder is Dongchao Investment Group Co., Ltd. (hereinafter referred to as "East trillion Changtai"), holding 32.2 million shares, accounting for 28% of the company's equity.　　The third largest shareholder is the Chongqing Fuling state-owned Assets Investment Management Co., Ltd. (hereinafter referred to as "fuling state investment"), holding 7% of the company's shares.　　Reporter from the Chongqing United Property Exchange Fuling Branch inquires, December 17, 2007, Fuling Sasac has held its fuling mustard tuber (Group) Co., Ltd. 23.8806% Equity listing transfer. In the course of Chongqing Sasac's transfer of 23.8806% of Fuling mustard, the Chongqing Sasac has proposed 4 conditions for the transferee. These 4 conditions are: the buyer must be a legal entity, registered capital of 200 million yuan (including) above, non-foreign-funded enterprises, 2006 operating amount of more than 5 billion yuan; there are rich experience in the restructuring of state-owned enterprises, there are more than three large-scale state-owned enterprises to reorganize successful cases; more than three　　, within five years of investment in the standard enterprises more than 500 million yuan.　　Fuling mustard Tuber from the prospectus can understand the above equity trading results, the final East trillion Changtai to 48,586,020 Yuan successfully won the shares. According to the "4 conditions that the assignee should have" by the Chongqing Sasac, the registered capital is just 200 million yuan DongchaoTy meets these conditions exactly. And the media attention, is the last of the 4 conditions-five years in the target enterprise investment of more than 500 million yuan.　　This also means that the East trillion Changtai in the next 5 years, the standard enterprise-fuling mustard investment at least 500 million yuan. But in the prospectus of fuling mustard, there is no record of it.　　Can check the data show, get fuling mustard 23.8806% stake in the east trillion Changtai, has not yet cashed in the original requirements of Chongqing Sasac "within five years of fuling mustard for more than 500 million yuan investment." From the prospectus, the Fuling mustard stock listing issued shares raised funds will be used for the company's future three projects. These three projects are: 40,000 tons of annual production line of pickled mustard tuber, the project of automatic modification of mustard tuber metering and packing, and the production line of 5000 tons of pickled mustard emulsion accessories.　　The total investment amount is 310 million yuan, the proposed use raises the fund amount to be 240 million yuan.　　Some market participants suggested that once the East trillion Changtai began to cash this 500 million yuan investment, then fuling mustard in the east trillion Changtai 500 million yuan to support, it in the prospectus mentioned in the "annual output of 40,000 tons of mustard food production line" and other projects facing the 240 million yuan gap, in fact, is not a problem. "Guangsha Department" a member of the October 20, a weekly newspaper reporter from the Chongqing United Property exchange of Fuling site inquires, a certificate number for the "(2008) G9011" Transactions Show, January 23, 2008, Chongqing Sasac held 23.8806%　　The stake is sold at 48,586,020 Yuan. The reporter then wired the Chongqing United Property Exchange Fuling Branch, a person who declined to be named, told a weekly newspaper reporter, in the property transfer project, the assignor proposed all "transferee should have the conditions", the transferee must have all. "Many of the requirements and conditions put forward by the assignor must be fully available as long as the transferee is presented."　　Sometimes, in order to prove the qualification of the assignee, we must also ask the assignee to provide their proof of assets. From the public information, founded in February 24, 2006, the East trillion Changtai, registered capital of 200 million yuan, the legal representative of man-made Guo Xiangdong.　　Dongchao Thai company is mainly engaged in project investment and management, project contracting and real estate development and sales business, is an investment in real estate investment companies. Beijing Chong De Guang Investment Management Co., Ltd. (hereinafter referred to as "Beijing Chong Tak") and Beijing Gate and Sheng Investment Management Co., Ltd. (hereinafter referred to as "Beijing Jia Tai"), respectively, hold the East trillion Changtai 66% and 34% of the equity. Wang Ruiyun, a natural person, holds a 99% per cent stake in Beijing, Guo Xiangdong holds a 99% stake in Beijing Ka Tai. This means that Wang Ruiyun is the actual controller of the East trillion Changtai.　　and Guo Xiangdong as the East trillion Changtai legal representative, but also Fuling group, the current director of Guo Xiangying brother. It is understood that the East trillion Changtai is contributes "Guangsha department" a member, in the Guangsha capital operation, plays a quite important role. Wang Rui Yun contributes, the shareholder of ChangtaiSon Wang Yunfang brother, and shareholder Guo Xiangdong is contributes one of the men. The reporter then contacted the East trillion Changtai, October 20, Guo Xiangdong Secretary Xu Chaoming received a weekly newspaper reporter interview, said the company, although it is an investment in real estate investment companies, but also invest in other companies. However, Xu Chaoming told reporters: "Investment, such as fuling mustard pickled Products company, for the company is the first time."　　"In addition to compensation project investment, East trillion Changtai also hold Guangxi North Pharmaceutical Co., Ltd. (600556) 781,200 shares of restricted circulation shares, Guangxi North Pharmaceutical Industry Co., Ltd. 0.2% equity."　　However, Xu Chaoming did not comment on the company's decision to invest in a mustard-tuber product company, and the implementation of the commitment to "invest 500 million yuan within five years" when the Fuling mustard was first made. Up to now, the East trillion Changtai holds fuling mustard 32.2 million shares, shareholding ratio of 28%, for Fuling mustard second largest shareholder.　　The first shareholder is Zhongqing Fuling District Sasac, the third largest shareholder is the Chongqing Fuling state-owned Assets Investment Management Co.　　Reproduction myth from the company's prospectus, although the company listed a number of competitive advantages, but its core competitive advantage is focused on the company now holds the "Wujiang" mustard This brand advantage, as well as the company in the pickled mustard process in the use of High-tech. Reporter learned that the company produced "Wujiang" brand mustard tuber because of domestic film and television star Zhang Tielin endorsement, and best-selling country. An advertising industry told reporters, at that time, Wujiang tuber mustard also because of the Zhang Tielin of "Wujiang River Mustard, my grandpa's Grandpa all say!"　　"Suspected of false advertising, exaggerated advertising effect, which led to many consumers questioned."　　In addition to brand advantages, fuling mustard in its prospectus, but also the company a number of pickled mustard pickled technology, spices refining technology as the company's core technology. It is reported that the company's technology development Center has 15 industry outstanding technical research and development personnel, specializing in mustard technology research, and with a number of universities, research institutions.　　In the past three years, the company has developed a spices extraction technology, shredded pork mustard production technology, green vegetable head storage and storage technology, deep processing and auxiliary products of the key technology, such as more than 10 technology. But what is the High-tech content of these so-called High-tech?　　October 19, Fuling mustard Tuber company PR head Lijie received a weekly newspaper reporter said, because the company is now in the silent period, inconvenience to the above questions to respond.　　Although the High-tech can not be known to outsiders, but the creation of fuling mustard tuber is obvious to all. The declaration shows that the East trillion Changtai successively increased fuling mustard tuber two times. In addition to the 2008 capital of 48,586,020 yuan to buy 23.8806% of the equity, before the 2007 East trillion Changtai also spent 36.44 million yuan to increase the corresponding stake in Fuling mustard. In other words, East trillion Changtai get fuling mustard Tuber Group 28% of the total cost of equity in 85 million yuan. According to the 155 million shares of total capital stock issued and the whole year0.54 yuan per share of income calculation, diluted earnings per share will reach 0.4 yuan.　　Combined with the current food industry weighted average 36 times times the price-earnings ratio, once the capital market, fuling Mustard Group stock prices when at about 14 yuan. To 14 yuan in the price projection, East trillion Changtai held 32.2 million shares, listed after the total market value will reach 450 million yuan. Compared with its 85 million yuan contribution, the investment income is as high as 429%.