New-style industrial equity trust is halted

The market attention of the Tianjin right curve holding trendy industry (600777, the former closing price of 8.83 yuan) a matter of steep variables, last night, the company announced that Tianjin's right and trendy industrial major shareholder Dongrun investment has been canceled equity custody agreement. That means a temporary setback to the proposed car-building plan, but the two sides agreed to continue negotiations on the cooperation for the car Power Battery project.　　Trendy industrial shares will be traded on October 14. Trendy industry's largest shareholder for Dongrun Investment, holding 130 million shares, accounting for 20.9% of total equity. August 23, 2010, Dongrun Investment and Tianjin on the right to sign the "stock rights entrusted management Agreement", Dongrun investment will be held 130 million shares of trendy industrial stock directive to Tianjin. Tianjin is a wholly owned subsidiary of the right group of listed companies in Hong Kong (01188,HK), while the latter's actual control is the famous Yang Rong. According to the right of the group August 24 announced the disclosure, Yang-Rong through the shareholding trusteeship control of trendy industrial management rights, the purpose is to promote the development of Yantai trendy automotive battery projects, and Yantai trendy to enter or expand environmental protection and energy-saving automobile related business areas to create conditions. But trendy industry last night a paper announcement announced that the curve of Yang Rong's setback, the bulletin said, according to the relevant provisions, the actual control of Tianjin is not in line with the acquisition of listed companies conditions, therefore, dongrun investment on October 13, 2010 and Tianjin on the right to sign the termination of the agreement Agreement, Any suggestions, representations, warranties, undertakings, agreements or contracts relating to the administration of the equity entrusted to the parties shall be suspended from the immediate termination of the Entrustment agreement.　　But the trendy industry bulletin did not disclose the specific "relevant conditions" exactly what is referred to. The layout of the hinterland has been methodically launched since the ambitious 10-year launch last year of the "two-car-building" of a vast empire that spans China and the United States, with an annual output of more than 6 million vehicles. January 2010, the right group wholly-owned Tianjin to establish the right, the latter August 2010 and Jianghuai cars (600418, Closing price of 12.21 yuan) and the Hefei Economic Development Zone signed a tripartite framework agreement, set up a joint venture company Anhui Jianghuai Road Automobile Co., Ltd., mainly invested in energy-saving and environmental protection of new energy vehicle powertrain and core components. The project's total investment of up to 30 billion yuan, capacity planning targets for the next 8 years to achieve 1 million vehicles, powertrain 1 million sets and 12 million kwh lithium-ion power batteries; May 5, 2010, The right group to purchase 180 million Yuan Zhejiang Jia Beth Green energy Company, the latter is a professional dedicated to the development and manufacture of LiFeMnPO4 (lithium iron phosphate) Lithium-ion Power Safety battery pack of state-level High-tech enterprises, all products have passed the EU CE certification and has entered the European and American high-end market. Until Tianjin's right curve holding trendy industry, Yang Rong in the mainland new energy vehicle layout has been in a step-by-step manner. For the new fashion industry, Yang Rong also give very high expectations, he previously interviewed in the media"We hope to inject new business into the world's largest power battery company," he said. ”