Huafang Textile Old Dong Lugang technology to avoid Hua Huafang shares behind the scenes

Reporter from the shareholder list found "Ching", it is a local textile company in Zhangjiagang-Huafang textile old dong. Ching in Hua Fang Textile as Dong secretary's time less than half a year.　　According to the information disclosed in the 2007 annual report of Huayi Textile, the 17th meeting of the Board of Directors, held on February 2, 2007, considered the adoption of a motion on appointing Mr. Ching as secretary of the company's board of directors, appointing Mr. Ching as the Secretary of the company's board of directors.　　However, 4 months later, Tung became a song full of Yuan. Ching's whereabouts were not revealed until today.　　According to the information disclosed by Lugang Technology, Ching has been secretary of Lugang Science and Technology Board since September 2007.　　Ching Although the secretary for the time is not long, but in the Hua Fang Textile Securities department is the elderly.　　The reporter noted that from July 2000 to August 2007, Ching Textile Co., Ltd., the deputy manager of the securities department, manager, the Secretary of the Board.　　Shares into the largest "temptation" has just been promoted to the Secretary of the Dong less than 4 months, why Ching to leave the Hua Fang textile? From the Lugang technology prospectus is not hard to find, the original is the temptation to have shares. February 25, 2008, Ching invested 800000 Yuan to become a new shareholder, the shareholding ratio is 0.38%.　　2008 Lugang net profit is 55.99 million yuan, that is to say, Ching only 4 times times less than the low price-earnings ratio to get shares.　　Not only Ching, the reporter found that 2008 Lugang technology also introduced a large number of shareholders. February 2008, Lugang Textile Group held a shareholder meeting, decided to increase the registered capital of 5.59 million yuan.　　18 Old shareholders and Ching 22 new shareholders to Lugang Wool Group invested a total of 22.919 million yuan, the investment capital according to 4.1:1 fold the registered capital, of which 5.59 million yuan into the Lugang Wool group, and the remaining 17.329 million yuan into the Lugang Woolen Group Capital Provident Fund. In addition to Ching, the new shares of Chen Ping is also a group of Chinese people. According to the resume of Chen Ping, from September 1999 to February 2007, serving in the Hua Fang Group. Since March 2007, he has been the chief of the Sales section of the Deer Woolen woolen cloth.　　Lugang Technology holds 75% stake in God's deer wool.　　Not only Huafang people, in April 2008, Huafang Group also invested 25.5447 million yuan in Lugang technology, at the same time invested 14.9553 million yuan in the investment of Chanshuliang now also served as Huayi Textile supervisor, Huafang Group Co., Ltd. Director, deputy general Manager, Zhangjiagang Hua Fang Jinling International Hotel Co., Ltd. chairman. Avoid Hua Huafang shares behind the scenes of the reason for Hua Fang Group, Lugang Technology prospectus did not mention.　　Reporter noted that huafang mainly to cotton dyeing, in the Lugang of science and technology business and did not appear in China aromatic system is associated units.　　IPO disclosure, one of the current Lugang technology competitors is already listed in Jiangsu Sunshine. Textile industry people reminded reporters, "fund-raising projects and Jiangsu sunshine similar to the two-year completion cycle to discount."　”　Reporter noted that the Huafang textile to raise more than 300 million yuan funds only one project-a variety of fiber blended yarn project, the project will be added after the full production of high-grade semi-fine spinning line capacity.　　Industry insiders reminded reporters, Jiangsu Sunshine in 2007 also announced that its own capital of 307 million yuan investment in the use of special natural fiber development and production of high-grade worsted fabric technical renovation project, is to expand the production capacity of high-grade worsted wool.　　However, Jiangsu Sunshine originally set a year to complete the task, until the 2010 annual report to show the completion of the project, spending time is 3 years.　　According to the Lugang Technology project completion plan, said the project was launched in December 2009, the project cycle of about 2 years, is expected to be fully operational in October 2011. April 8, the 63rd issue of the Audit Committee will consider the start of Zhangjiagang Lugang Technology Co., Ltd.　　The main business is knitted wool yarn and high-grade worsted fabric production of Lugang technology, low-cost Surprise introduction of the cotton industry is also the local Hua Fang group, causing investors concern. The reporter found that Huafang Group Holdings of Huafang Textile (600273), the original Dong Ching has become the Lugang of science and technology, in addition, from Huafang to Lugang technology executives have been raided by shares.