Joint-venture Curve in the East L. high-tech

December 31, the upcoming East Lake high-tech shareholder meeting, will decide the company's two shareholders Hubei joint venture into the main East Lake, the pace of High-tech. Hubei union sends to East Lake high-tech (600133. SH) Recommended three directors, but none of us knew the result until the shareholders ' meeting was approved.　　December 23 morning and afternoon, East Lake high-tech dong Xuemei in the phone speech carefully two times to the reporter stressed.　　After the East Lake high-tech bursts of two announcements: one is the Hubei joint venture to recommend 3 senior executives as company directors, large shareholders Kaidi Power 4 directors, will have 3 directors to be removed; the second is the East Lake high-tech and Hubei joint venture to invest 200 million yuan, cooperation in the development of real estate projects.　　Market Personage interprets, if pass afore-mentioned two motions, Hubei joint sends the investment will be in the curve arrives East L. Gao Xin.　　However, a person familiar with the East Lake high-tech reorganization revealed that the morning of December 23, East Lake, three major shareholders, "communication views are divided", Hubei joint investment curve in the presence of a possible variable.　　Quiet six months of the East Lake high-tech reorganization of the dispute, in the eyes of the dawn, seems to have waves.　　Curve to the master this is a plan that, in the eyes of the outside world, has reached agreement. December 20, East Lake High-tech release Bulletin said: The company and two shareholders Hubei joint venture to set up a project company, cooperation in the development of real estate projects in the province. Joint venture company registered capital of 200 million yuan, East Lake hi-Tech and Hubei joint venture investment 60 million, 140 million, respectively holding 30%, 70%.　　Currently, the project is being submitted to the East Lake Hi-Tech board for consideration. And before, the large shareholder Kaidi Power sent representatives Chen Yisheng, Chengjian, Li Zhangqi 3 people, have applied to resign East Lake high-tech director. At this point, Kaidi Electric power stationed to the East Lake high-tech director only the Chairman Roting 1 people.　　At the same time, Hubei joint venture deputy general Manager Miao Xin, general Manager assistant Li June and Investment management manager Wang Gangbin 3 people debut, respectively, was nominated as the East Lake high-tech director candidate.　　Hubei joint venture in 2008 by Hubei province Sasac, Wuhan City Circle 1+8 City and in the formation of the Han Central Enterprises, Wuhan City Circle its infrastructure and major project construction investment and financing platform, registered capital of 3.2 billion yuan. At the beginning of 2010, Hubei joint venture invested more than 200 million yuan, from the East Lake high-tech largest shareholder Kaidi Power (000939.　　SZ) department bought East Lake high 69.44 million shares, accounted for 14%, committed the company two shareholders; Kaidi Power still to 74.39 million shares, accounted for more than 15% of the shareholding ratio of the East Lake high-tech first major shareholder seat.　　Investment securities A researcher analysis, all kinds of public information indicates that the East Lake hi-tech Directors exchange transfusion, in the direction of the positive towards Hubei joint venture. and Hubei joint venture frequently synchronized, December 10, East Lake high-tech third largest shareholder, shareholding accounted for 11.96% of the Yangtze River Communications (600345.　　SH) Post announcement. The announcement said that the company's major shareholders through the state-owned shares of the free transfer of the way, it holds the Yangtze River Communications 56.814 million shares, accounting for more than 28.69% of the sharesThe transfer of power to Wuhan Economic Development Investment Co., Ltd. (hereinafter referred to as Wuhan through the vote), making Wuhan as the largest shareholder in the Yangtze River Communications, indirectly become East L. High-tech third largest shareholder. Wuhan is the investment and financing platform of Wuhan state-funded committee, and for Hubei joint investment two shareholders, holding its 9.38% shares.　　Market analysis, the two have equity links, "It is easy to reach a consensus agreement", Hubei joint venture to control the East Lake high-tech. Announcement Day, East Lake high-tech in 4 days after the suspension of the listing.　　But after a few days, the East Lake high-tech shares did not appear to rise sharply. December 27, the company's share price closed at 9.26 yuan, compared to the December 20 announcement on the day 10.42 Yuan, a decrease of more than 10%.　　After nearly a year of the reorganization of long-distance running, the market for the Hubei joint venture into the main East Lake, a High-tech response has been almost numb.　　Three major shareholder wrestling now, the three major shareholders are locked in the window of time this year December 31, the East Lake high-tech shareholders meeting.　　Because from the two-tier market acquisition Kaidi Power shares high prices, in July this year, the second-largest shareholder of Hubei joint venture to buy the Yangtze River through the agreement of the way, to become the company's main shareholder purpose. Helpless, the Yangtze River Communications and joint venture, although belong to the state-owned enterprises, but the actual control of the two people belong to Wuhan Sasac and Hubei province Sasac, the interests of different subjects.　　The Yangtze River Communications declined Hubei joint-venture "proposal", the choice of the two-tier market part of the selling company shares.　　After many hits, at the end of July, the embarrassing situation of Hubei joint venture, released the "Abandon Backdoor East Lake high-tech" message.　　After six months of silence, the Hubei joint venture seems to have ushered in a "window of the moment." "It's just market speculation. Wuhan's investment and Hubei joint venture have not signed a consensus action agreement, although the two have equity links, but the two belong to different interest subjects, the former holding the latter shares less than 10%. Whether the two sides can reach an agreement is difficult.　　"People who know about the reorganization said.　　After all, the two-tier market is much higher than the agreed transfer price, the person said, and in the face of great interests, the party making concessions would have to make economic sacrifices, "It takes courage and vigour". Another car, East Lake Hi-Tech shareholders Kaidi Electric Power 3 directors voluntarily withdrew from the board, by the Hubei joint executive replacement.　　Does this mean that the two sides have reached a consensus? People familiar with the situation, in the East L. high-tech announcement, Kaidi Power and Hubei joint venture did have a tacit understanding before the reorganization, but December 23 morning "talk collapsed."　　What causes the two sides to split?　　That afternoon, the reporter called Hubei Joint venture and Kaidi Electric Power related people, have not been responded.　　East Lake High-tech insiders said that the company and Hubei joint venture to develop real estate projects, first of all, through management to come up with the report, and then the Board of Trustees to discuss the approval, if reached a certain target, but also through the General Assembly approval, "This is a long process." Foggy East Lake High-tech restructuring, all the results, only until December 31 shareholders will be announced.