Personnel adjusted into Fuse St Cantor subsidiary "out of Control"

Due to personnel adjustments, led to St. Cantor wholly-owned subsidiary Shenzhen KANGDA (Group) Transportation Co., Ltd. Management "out of control", operating business is also in a standstill state. According to St Cantor disclosed, in order to adapt to the enterprise's future industrial adjustment needs, the company on June 29, 2010, the transport company's personnel made a corresponding adjustment, that is, the change of the transport company's chairman, legal representative and general manager.　　Because the parties to the company's personnel appointment has the resistance and control of office space, resulting in new chairman, legal representative and general manager of the transport company to perform their normal duties, the transport company's business is in a state of standstill, the company is currently unable to exercise the corresponding management rights. It is understood that the personnel adjustment of the parties for Shang, currently in St Candars as a supervisor, since September 1994, Shang in St Cantor work, as the general manager of the transport company, the legal representative and the party committee members of the group. Since last year, the company has carried on the integration of transportation resources under the government-led.　　At the same time of industry integration, St Candars the Transportation Company personnel to adjust, removed the general manager Shang position. At present, the transport company's carrier of the Phuket bus station has been paralysed.　　According to the news, the contractor claimed that if the asset acquisition failed, they will stop carrying 18 bus lines in Shenzhen, involving more than 400 buses and more than 600 long-distance passenger cars, may lead to Shenzhen Longgang, Baoan Two areas of public transport system into paralysis and other consequences.　　The company said it was temporarily unable to predict what kind of loss the company would cause, but the company's management would make every effort to master the management of the transportation company as soon as possible and restore the normal operation of the transportation company. Data show that the registered capital of the transport company is 30 million yuan, as of December 31, 2009, the size of the assets of 294.85 million yuan, 2009 annual operating income of 91.12 million yuan, operating margin of 41.77 million yuan, net profit of 18.26 million yuan.