Helen Piano original foreign shareholder willing to live Lei Feng shares 7 years of the original price transfer

7-year share price transfer without any capital Premium business reporter Zhang Shuxian us Axl Holding Helen Limited 7 years, in the latter is about to enter the capital market, the United States Axl will be held in full capital investment, and the transferee is controlled by the actual control of the enterprise. Although the Helen piano and its sponsors have repeatedly claimed that "there is no U.S. Axl for the actual control of the family on behalf of the situation", but the industry still doubts, "What kind of partnership can let the United States Axl will have more than 200 million yuan of wealth to hand?"　　"Axl shareholding seven-year original price transfer under Helen Piano Prospectus (pre-disclosure), May 30, 2001, natural persons Chen Hailen, Chen Zhaofeng and the United States Axl three shareholders from the formation of Helen Limited (the predecessor of the Helen piano), of which the United States Axl investment 350,000 U.S. dollars, accounting for 25% of the registered capital.　　Public information shows that the United States Axl Department of the United States, a registered instrument products company in California, mainly engaged in piano, guitar and other musical instruments design, production and sales, the actual control of man-made Liu Airen. After holding for 7 years, May 15, 2008, the United States Axl will hold a limited 25% of Helen's contribution to the full transfer, and the transferee is the actual control of the Chen Hailen family control of the Four Seasons in Hong Kong.　　The odd fact is that the price of the transfer is $350,000 trillion, which means that the US Axl investment in Helen for 7 years, without any capital premium. And the Axl of the United States and the transfer of equity Chen Zhaofeng.　　Helen Piano Prospectus, May 15, 2008, Chen Zhaofeng will be held by the 23% of Helen's limited 35% transfer to Rui Yong Investment, 5.25% transfer to concentric management, 5.083% transfer to cooperation services, 1.667% transfer to the Cloud Music advisory, transfer prices are 12.96 yuan/share capital contribution. More than 200 million yuan market capitalisation hand over to the same batch of equity transfer, the United States Axl why with the original price transfer suspense rise. "It's not uncommon to find a foreign-funded company in lieu of a capital contribution to get a tax concession from a foreign-invested enterprise," he said. "A person in the industry who declined to disclose his identity told the newspaper that the Helen piano was a similar move when it was founded."　　"Although the actual controller Chen Hailen will hold Helen's limited 40% stake in the original price of the capital transfer to Helen investment, but Helen investment is a Chen Hailen family-controlled enterprises, Chen Hailen and Helen investment between the transfer of equity is under the same control between the subject of the transaction. Only two months after the transfer of the shares, Helen Limited then changed to Helen Piano Co., Ltd. to launch an attack on the capital market.　　Financial data show that the first half of this year Helen piano to achieve a net profit of 16.0392 million yuan, to estimate this year's diluted earnings will reach 0.48 yuan, even with reference to the 2008 Chen Zhaofeng transfer of shares of 35 times times earnings ratio estimates, the Helen piano price will reach 16.80 yuan. Axl to Chenghailen the piano offeringThe book said that the Chen Hailen family and the United States Axl have many years of business cooperation, Helen Limited when the establishment of a Sino-foreign joint venture, the need to introduce the United States Axl.　　May 2008, the Chen Hailen family and the United States Axl Actual control Liu Airen consultations, the United States Axl no longer as a company shareholder, all of its equity transfer to the Chen Hailen family control of the Four Seasons in Hong Kong, and the original value of the transfer. Perhaps realize that the original price transfer will encounter industry doubt, Helen Piano sponsor Everbright Securities special for this issue. "When the issuer was set up, the United States Axl Limited contribution to Helen is true, and its contribution to the United States Axl own funds, the capital also does not exist in the United States Axl Chen Hailen family on behalf of the situation." "Helen Piano sponsor Everbright Securities pointed out that" the United States Axl funding is mainly based on assisting the Chen Hailen family to establish a foreign-funded enterprises to strengthen the business cooperation between the two sides. "The industry analysts told the newspaper reporter, Helen piano and the sponsor of a statement is just" Bans ", if it is indeed the United States Axl Capital, then what kind of business partnership can make it willing to give up more than 200 million yuan in the stock market value?