March Hao take 4 times times proceeds road and bridge machinery State-owned shares transfer doubts

July 22, Chengdu New Road Bridge Machinery Co., Ltd. (hereinafter referred to as "Luqiao machinery") started.　　However, the investigation of the reporter found that the transfer of its share of the process is a mystery. August 14, 2007, its major shareholder road and Bridge Machinery Investment Co., Ltd. (hereinafter referred to as "new building Limited") to buy 2.16 yuan per share of Chengdu Industrial Investment Co., Ltd. (hereinafter referred to as, "Chengdu Investment") and Chengdu Venture Capital Limited (hereinafter referred to as "Chengdu VC"　　) owned 25 million shares (44%) of the road and bridge machinery, and its related state-funded approvals were belatedly in 2009.　　In August 2007-November, the large shareholder newly built a limited transfer of 13.85 million shares to 9 investors, an average of up to 8.62 yuan per share, relative to 2.16 of the acquisition price, a short period of 3 months Hao take 4 times times profit.　　Low buy 2001, road and Bridge Machinery was established, registered capital of 30 million, the new building limited to 24.2 million shares (accounting for 80.67%) to become its major shareholder. November 10, 2003, Chengdu Municipal Government-owned Chengdu Investment and Chengdu Wind and road and bridge machinery signed the "Increase capital expansion of the shares agreement."　　Among them, Chengdu investment investment 22.56 million yuan, Chengdu Venture capital investment 24.44 million yuan, increase the price is 1.88 yuan/share.　　Chengdu Investment and Chengdu Venture capital of 12 million shares of road and bridge machinery (accounting for 21.82%) and 13 million shares (accounted for 23.64%), a total of the road and bridge machinery Equity 45.46%.　　In addition, at that time Chengdu Xinjin County state-owned Assets Investment Management Limited Liability company (hereinafter referred to as "Xinjin") also holds the road and bridge machinery 1.5 million shares (accounting for 2.72%) of the state-owned shares.　　2005, Xinjin 1.5 million shares to 2.82 million yuan (1.88 yuan per share) transfer to Xinjin Poly-British Technology Development Co., Ltd. (hereinafter referred to as "poly-British Technology").　　The sale price is the same as the price of Chengdu Investment and Chengdu Venture two years ago, that is, state-owned assets have not gained any value for 2003-2005 years.　　Oddly, at that time, the 1.5 million shares of the state-owned equity changes did not comply with the provisions of state-owned assets management to carry out asset assessment, agreement transfer to provincial state-owned departments.　　After a lapse of 4 years, in April 2009, the Xinjin County state-owned Assets Administration commissioned an evaluation agency to assess the 1.5 million shares retrospectively, at a price of 3.6682 million yuan, that is, 2.45 yuan per share. Subsequently, the relevant government supplementary instructions arrived late.　　In May 2009, the Xinjin County People's government believed that there was no loss of state capital, and the October 2009 Sichuan SASAC Principle agreed to 1.5 million shares of the state-owned assets transfer.　　A similar transfer of equity took place in 2007.　　August 14, 2007, Chengdu Investment and Chengdu Wind cast 12 million shares and 13 million shares to 25.8811 million yuan and 28.0378 million yuan transfer to the new building limited, an average of 2.16 yuan per share. This means that, compared with the 2003 increase in the share price of 1.88 yuan per share, 4Years later, only added 0.28 yuan/share.　　2 years later, in September 2009, Chengdu Investment, Chengdu Wind Investment and new Building Limited signed the supplementary agreement, adjusted the price is 31.507 million yuan and 34.1326 million yuan, the average of 2.63 yuan per share.　　Subsequently, the Chengdu municipal Government approved the corresponding state-owned assets exit, the provincial Sasac also agreed in principle.　　After buying a stake at a low price, 2007 8-November, the new building limited transfer of 13.85 million shares to 9 assignee, the transfer price amounted to 119.35 million yuan, an average of 8.62 yuan per share, compared to the August acquisition of Chengdu Investment and Chengdu Wind investment of 2.16 yuan per share, high out nearly 4 times times.　　Only 3 months, after major shareholder new Build Limited "one buy one sell", Road and bridge machinery equity price exploded 4 times times.　　Even in accordance with the 2009 adjustment after the transfer price of 2.63 yuan, compared to 8.62 yuan, the state-owned shares will also close discount of 70%. And on August 30, 2007, Road and bridge machinery to increase the share of 13 million shares, by 4 investors, and its increase in prices as high as 10 yuan/share.