Mr Gou brother a stake in the precise Foxconn shadow

Source: Internet
Author: User
Keywords Foxconn Terry Gou brother
Foxconn management crisis echoes unfinished Business, a "Foxconn" background of the company-Shenzhen Lixin Precision Industrial Co., Ltd. (hereinafter called Precision) or will be landed a-shares.  The Securities and Futures Commission announced that July 14, the 105th Audit committee meeting in 2010, will review the precision of the initial application. The reader of the prospectus found that the precision of the legislation is closely related to the Guo clan.  Not only are nearly half of the company's products sold to Foxconn, but Gou brother Guo Taiqiang, the Gang Electronics (Tianjin) Co., Ltd. (hereinafter called Gang Electronics), which has a 3.08% per cent stake in the company, was 4 million shares in September 2009. At present, the Guo family's pan-Hong Hai system in Hong Kong and Taiwan have listed platforms, a shares are rarely operational.  This, Guo Taiqiang through the actual control of the listed company is Wei Wei Precision Industrial Co., Ltd. (hereinafter called the Precision) sneak, preliminary exploration of a-shares.  Pan-Hung Hai series of shares in the prospectus shows that the precise actual control of the Wang Laichun, Solomon Sheng Brother and sister, two people holding Hong Kong 50%, and Hong Kong legislature for the precision of the holding shareholder, holding 89.17%. Hong Kong registered capital of HK $100 million, the main assets are held by the precise 89.17% equity.  Wang's brother and sister through the Hong Kong legislature, holding a precision 115.92 million shares.  The precise prospectus shows that the company's 2009 earnings per share of 0.58 yuan, the issue does not exceed 43.8 million shares, diluted earnings per share will reach about 0.43 yuan. Industry insiders pointed out that, if the 30 times times the issue of price-earnings ratios, the precision of the market, once the IPO price of about 12 yuan.  And Wang's sibling holdings of paper wealth, will also reach 1.4 billion yuan. In addition, another shareholder, known as credit investment, holds a 7.755% per cent stake in the precision of the legislation. Credit investment shareholders are precision management personnel, of whom, natural person Solomon XI investment 3.402 million yuan, shareholding 27%.  Solomon is the deputy manager of Precision Management Center.  By contrast, the precise background of another shareholder, gang Electronics, is quite prominent.  Gang electronic holding shareholder is Wei Wei Precision, its actual control person is Gou brother Guo Tai Strong. September 2009, gang electronic investment of 40 million yuan, admitted to pay precision 4 million shares.  Thus to 3.08% of the equity, become the third largest shareholder. "10 yuan/share price is not cheap, is basically the PE industry's normal price, Guo Taiqiang this time to participate in, more should be in strategic layout needs."  "July 12, a foreign private equity fund analyst told reporters.  The origin of Wang's sibling and the pan-Hong Hai system is not only here.  Wang Laichun from Foxconn, since 1988, in Taiwan Hon Hai Precision Industrial Co., Ltd. under the Foxconn Sewing Thread Division of work for nearly 10 years, 1997 left the Foxconn independent entrepreneurship. Solomon in the middle of the 1980 years began to engage in individual business, "mainly engaged in wholesale and retail commodity products, with more than 10-year business experience."  Wang Sibling first barrel Royal biz since 1997, at that time two people in Hong Kong operating international trade and commissioned the domestic factory processing production, "2001 onwards to undertake international orders and commissioned by the Hong Kong domestic processing plant production, the production of connector products through the processing of Foxconn Assembly, Applied to many international well-known brands of 3C electronic products, has accumulated a wealth of management experience and customer resources.  "2004, the precise predecessor of the legislature Limited establishment, the company's initial customer development are domestic customers, three domestic computer brand manufacturers-Lenovo, the same side, founder to become its main customers, since then, the company began to undertake domestic orders Foxconn. Department of Fuji Kangli Precision main products for connectors, mainly used in computers, communications, consumer electronics, automotive and communications and other fields.  Foxconn plays a vital role in its client resources.  The precise prospectus shows that from 2007 to 2009, the company's revenue to sell products to Foxconn accounted for 47.73%, 56.46%, 45.38%, respectively, the company's first major customers. 2009, the company's sales to Foxconn is 265 million yuan, accounting for the current period of business income as high as 45.38%.  In addition, the precision of the Wei-Wei precision of the sales of 70.08 million yuan, when the annual accounting for 11.99%.  If the pan-Hon Hai-Wei Precision is counted, then the pan-Hong Hai system occupies 57.37% of the annual sales of precision. In addition, the precision of the company's Lenovo Group sales of 75.1557 million yuan, accounting for the current operating income ratio of 12.85%.  Ranked fourth is another famous international foundry Enterprise Flextronics Group.  In the strategic layout, the precision of the legislation is more close to the Fuji Kang Personal Press. The prospectus shows that in June 2007, the precise predecessor of the legislature Limited and the Solomon of natural persons to set up a joint Penglai, Peng Li, the registered capital of 30 million yuan, paid-in capital of 6 million yuan.  Among them, the legislature limited contribution of 5.4 million yuan, Solomon won the capital of 600,000 yuan, the Peng Li mainly engaged in the connector and its components production and operation, the legal representative for Solomon wins. In fact, the establishment of the Penglai state hearing is to meet the needs of the production base of Foxconn Yantai.  But the plan died in the storm of the financial crisis. The precise prospectus says, "as a result of the adjustment of Foxconn business, at the same time, the production of electronic capacity of the telecommunications, the Association of Electronic Services more convenient, the reservation of Peng Lai is not necessary; Meanwhile, in August 2008, the international financial crisis has caused a certain impact on the electronics industry, the company also temporarily abandoned expansion strategy, so The company will be the stock transfer to Tian Xun Electronics (Yantai) Co., Ltd.  "Co-xun electronic system, precision holding 75% of the subsidiary, is located in Jiangxi, is also the company's IPO fund-raising all the investment."  It is similar to Foxconn in terms of its precise staff composition and business characteristics. The prospectus shows that the total number of employees in the company is 6372, among them, production workersWork as high as 5327 people, research and development staff only 239 people, accounted for 3.75%. Among them, the employees under the junior college accounted for 87.92%. The proportion of employees under the age of 25 is as high as 82.58%.
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