Heroic machinery first to be suspended vote suspected plunder subsidiary

Intern reporter Lin Lin recently, the Shandong Heroic Machinery Technology Co., Ltd. 's first application was suspended, the news speculation on this constantly. The reporter found that the heroic machinery in the process of change in equity, has written off the possibility of its own competition with the subsidiary, and the company's assets for themselves. Some financial experts pointed out that the heroic science and technology such "big eat small" basis is not sufficient, and the interests of its subsidiaries caused damage. "Before the meeting, the company should explain its assets change status, so that investors fully understand the company's performance." "The first suspension of the vote this Monday, the SFC announced the approval notice.　　The bold machinery IPO was unsuccessful and its initial application was suspended. To this end, the reporter contacted the company an unnamed staff, he said the current audit work is still in progress, not convenient to disclose the relevant work of the development.　　And when the reporter calls heroic machinery of the sponsoring agency Qilu Securities, its responsibility for the staff sponsor did not come to work.　　In this way, the SFC, the company itself and the sponsoring bodies alike, have not given any explanation as to the reasons for the suspension of the voting, nor have they disclosed when to vote again. It is learned that the heroic machinery is mainly engaged in automotive radial tire mold, tire manufacturing equipment production, sales and related technology development, is currently China's largest professional tire mold manufacturing enterprises.　　The company this time the public company proposed to issue 50 million shares, plans to raise funds 718 million yuan, respectively to the Precision Meridian Tire Mold Project and so on 4 projects. The company's performance statement during the reporting period is bright. From the earnings can be seen, heroic machinery not only the net profit growth, and earnings per share is also considerable.　　According to the prospectus, the earnings per share of the company during the three years of 2007-2009 were 0.89, 0.91 and 1.01 yuan respectively. If the heroic machinery of this successful landing in the capital market, it will become a new round of wealth-making movement.　　By the distribution of shares, the company currently has a total of 150 million shares, shareholders from 44 natural persons and 1 legal persons, a total of more than 10% of the shareholders have 3, are the company's founding fathers.　　The affiliates were taken?　　Although there is a bright performance backing, but the company's one asset acquisition attracted the attention of the industry. From the company's historical evolution, heroic machinery is through acquisitions, capital increase, the introduction of new shareholders and other ways of growing. After many reforms, the company's scale of operation and profitability has been improved. According to the prospectus, the heroic machinery was still at a loss until 2000.　　After a series of capital increase moves, the company began to turn a profit, the year's net assets than the same period increased by nearly 70%. Most of the shareholders of heroic machinery are "in their own". From the original state-owned enterprises, to the later joint-Stock Co., Ltd., heroic machinery experienced a number of replenishment. The registered capital of the company is also from 800,000 to 15 years ago, to the overall change to the 150 million after the shareholding system. After multiple equity "Shuffle", the company's current shareholders majority of the company's employees, including the heroic machinery of senior executives, technicians and so on.From the shareholder ranking can be seen, the company's current shareholders in addition to a legal person shares Wucheng golden Light, the other nearly 92% of the equity are owned by the company staff.　　However, the legitimacy of the company's 2006-year capital increase has attracted the attention of financial experts and even suspicion of the assets of a holding subsidiary. At the end of 2006, in order to meet the company's growing scale of operation, the heroic machinery Division shareholders will make a resolution, agreed that the company registered capital from the original 16.8 million yuan change to 52 million yuan.　　In this increase in capital, some of the fixed assets from the heroic machinery of the holding subsidiary-the original Gaomi Heroic Machinery Technology Co. According to the prospectus, the subsidiary was established in September 2004 with a registered capital of 5 million yuan, and the business scope is foundry, heat treatment and processing of mechanical parts.　　And the strange thing is, the subsidiary's products are the main object is the parent company heroic machinery. In fact, the parent company has been the biggest obstacle to the development of subsidiaries. "To ensure that the company in the tire mold industry in the technology and market leadership, the need to reduce or even stop to the company outside the other tire mold industry competition enterprise mold processing equipment sales, so that its sales scale is limited."　　"Heroic machinery in its prospectus to explain this." It was also due to the limitations of the parent company that led to the eventual bankruptcy of the subsidiary. May 2007, the high-density held a shareholder meeting, resolution cancellation of the company. and shortly after the subsidiary was cancelled, the parent company's heroic machinery on the basis of "debt", forcibly acquired a subsidiary of fixed assets.　　But for the part of the assets, the company has not issued a capital verification report. For the acquisition of subsidiary assets, heroic mechanical reasons seem far-fetched. "Original Gaomi Heroic Machinery Technology Co., Ltd. in November 2004, respectively, with Zhang Gongyun, Feng Mindong, Liu Shengjun, Xu Wen, Xu Hua and other 9 people signed the" loan agreement ", successively by borrowing 10.808 million yuan to buy some machinery and equipment and spare parts for processing, assembly mold processing machinery.　　"However, the prospectus does not give a detailed account of the source of the millions of borrowings," the statement said. In this respect, some financial experts questioned: "The parent company first limited the size of the subsidiaries, and then before the meeting to the competition of the subsidiary companies to write off, and finally the subsidiary of the assets of their own." Therefore, the basis of this part of the asset source, as well as the actual amount is still open to question. "The personage pointed out, the heroic machinery this time" eats small "the raise the capital to be doubtful, the company should score the assets to be old again.