Huayang technology major shareholder misappropriation of huge funds use unknown

Yesterday, Manhattan group in Beijing in charge of legal proceedings, Mr. Liu again to interview, said in the Huayang Science and Technology (600532) transfer of shares, Huayang technology exists to conceal transaction information, the large shareholder unauthorized misappropriation of 50 million yuan margin and the use of unknown situation. "Manhattan Group has long been with the Huayang technology of the actual control Ningyang County Sasac initialled documents to 3.31 yuan/share of the price of Huayang technology 25.1% of the equity, but Huayang technology disclosure of information is not this content."　　Mr. Liu said. Huayang Science and Technology June 9, 2009 announced the original text shows: "Huayang group after competitive negotiations, has been established in Harbin Manhattan Multivariate Group Co., Ltd. as an intention of the transferee, the transfer price of not less than 3.3 yuan/share.　　And in the announcement after June 9, 2009, Huayang Technology did not disclose the fact that the actual controller Ningyang County had signed an agreement with the Manhattan group. "We have only initialled the transfer agreement with the Ningyang County Sasac, we will send senior executives to understand their operations and production, in order to prepare for further reception, otherwise we can waste money and manpower, after all, the 50 million interest loss is not a small number."　　Mr. Liu said. He also said that the signing of the 3.31 yuan/share price transfer agreement, in fact, the company is also accepted by Huayang Group "share transfer ratio down to 25.1%" exchange conditions, as for the level of listed companies did not disclose the content of the agreement, it may originate from operational needs, the specific details he is not very clear, so not too much evaluation. And Manhattan Group also to a certain extent, the Huayang technology cloud cover information disclosure behavior.　　According to the public disclosure of the Huayang group in 2009, several reduction behavior, can find Huayang group's reduction of most of the 10 yuan/share of the high.　　Initially with the Manhattan group to submit the purchase intention of the waterfront group, the final choice of the IPO form to land A shares, the listed companies, the company's Yujiang, said in an interview, the company after a simple trade-off, the final decision to abandon the bid. Mr. Liu further disclosed to reporters that after the Manhattan group and Ningyang County Sasac initialled The agreement, Huayang Group has been unilaterally delayed, and the company signed a formal agreement. According to the terms of the transferee group announced May 6, 2009, if the final confirmed transferee refuses to sign the formal agreement on the transfer of shares, the deposit shall not be refunded. "Huayang Group malicious delay formal signing, while unauthorized misappropriation of margin, I really do not know why it is willing to take such a big risk."　　"Huayang Technology Securities department in the media in public interviews, said that the large shareholder's use of the margin is not used for the production and operation of listed companies." Then, in the case of the two-tier market has been reduced to tens of millions of of the proceeds, Huayang group misappropriation of the bidder's huge margin for where, the newspaper will continue to follow the report.