Lam Tin Shares "rebirth"

When the first Chinese agricultural stocks in the past nine years after the disappearance of the lake, but the moment of the clouds of the Lantian shares have now receded the myth of the halo, low-key bankruptcy reorganization.　　Is this going to be a chance to be reborn in the lam Tin stock? In this, the reporter carries on a depth analysis. The creation of the Lantian myth was formally established in 1992 in the first few years of the establishment of the main industry is not outstanding, until 1993, the Lantian shares under the Honghu Lake Lantian Aquatic Product Development Co., Ltd. was established, the company transformed into the operation of agricultural and aquatic products, processing and sales as the core enterprises.　　In 1994, the Department of Agriculture became the second largest shareholder in Lantian shares by holding 18.28 million of the country's shares. The Lantian shares were launched in June 1996 after receiving 30 million shares of the Ministry of Agriculture, and the first stock of Chinese agriculture was born.　　Head of the first share of the halo of agriculture, with policies and the support of home elders, Lantian shares is the best and the financial figures have been maintained a magical growth rate. The total assets of the lam Tin stock market before the listing was only 277 million, by the end of 2000 the company's total assets had expanded to 2.838 billion yuan, four years of growth in assets of 9 times times, the company's performance in the annual share of 0.6 yuan to 1.15 yuan growth.　　Created a rare "Lantian myth" in Chinese agricultural enterprises. The 600-word report declares the myth shattered in the Lantian shares scenery infinite time, an article more than 600 words broke this myth. In October 2001, Chen Daisun and Yining's students, economics expert Liu Yinwei, published a 600-word article in the state-classified publication financial conforming, saying that "Lam Tin shares have become an empty shell, there is no capacity to create cash flow, there is no source of income", " In order to avoid serious loss of bad debts, I suggest that banks withdraw their loans to Lantian shares as soon as possible. "Lam Tin shares subsequently to" this article infringement of the right to reputation "as a result of the Liu Yinwei to court, but ultimately the failure of the Lam Tin shares ended, in 2002, the Lam Tin shares were investigated, senior was detained, the same year Lantian shares changed to" St Ecology. "　　Due to 3 consecutive years of losses, St Ecology and the May 2002 suspension of the listing, Lantian myth disappeared. The bankruptcy reorganization, the Lantian shares again waves back to the city for 9 years long, the Lantian shares in this year again out of the lake, for bankruptcy restructuring. Lam Tin shares named "Undead Bird", but the dead bird in the bankruptcy of public auction in the process of a stir. From Beijing, Shenzhen, Wenzhou and other land to participate in the bidding of 7 of the strength of enterprises are to persuade, leaving only three to pay 150 million margin and performance of the enterprise. However, the day before the public auction, Guangdong genre and Fushanhua and two enterprises suddenly withdrew, leading to the Jingzhou homologous auction firm to "only Wenzhou Nanxi River Agricultural Group, a reference to beat the announcement." And Times weekly reporter learned that Foshan hua and billion registered capital of only 1.01 million yuan, not in line with the auction conditions but pay 150 million yuan bid margin, there is obvious Wai. It is widely believed that the first "streaming" is artificial manipulation, not accidental. Lam Tin shares do not for the Wenzhou Nanxi River Agriculture group 150 million yuan high price purchase by the application of the move, hastily convened a second creditor meeting, will be the auction processing of the assessment price of 134 million yuan of the bankruptcy assets, adjusted to "98 million yuan sold to Guangdong Wen's" program. The move caused a lot of suspicion, Guangdong genre suspected 3.9 billion claims of the lam Tin shares do not seem to care about 300 million of the auction price. Industry insiders suspect that the lam Tin shares have been designated Guangdong Wen's Food Group Co., Ltd., with the signing of the "Reorganization Agreement", the participation of other enterprises involved in the auction thoroughly acted as spectators, became a sucker.