S-China textile machinery share reform is no hope that two major shareholders 7 years of hard "reconciliation"

With the Shanghai petrochemical, Yizheng Chemical fiber Two share reform this July to complete the share reform, the remaining several still wandering in the "pull the nail trip" on the company also accelerated the progress of the share reform has been put on the agenda. For the small and medium-sized shareholders of the S-China textile machinery, due to the long-term existence of shareholder disputes between the major shareholders have to endure patience slowly wait, this thought that the recent reconciliation is expected, but yesterday again to share between shareholders because failed to form a consistent plan and again stranded. Financial profit Po, the current savings rate of 1000% once difficult to solve many years of complaints about the suspension of nearly four months of the S-China textile machine in yesterday's card, and issued a notice, the company recently issued to the two major shareholders of the letter of consultation, and received the first major shareholder Pacific Electromechanical (Group) Co., Ltd. (hereinafter referred to as "Pacific Company" 　　) and the second largest shareholder, Jiangsu South Teng High-tech Venture Capital Co., Ltd. (hereinafter referred to as "Nam Teng Company") said that although the views of the parties concerned, and the consultation, communication, but ultimately failed to form a consensus. This has just ignited the restructuring of the hope of many shareholders immediately a little discouraged. On September 5, Nam Teng Company's controlling shareholder, Nanjing Port Import and Export Co., Ltd. has just reached a settlement with Pacific Company under the mediation of the Supreme People's Court, and the parties signed the conciliation agreement on the transfer of equity in China Textile Machinery Co., Ltd. this August 26. 　　So far, the seven-year-old equity dispute has seen hope. To clarify the story of the two shareholders is a bit clumsy, it originated in 2006, when the Pacific Company signed an agreement, the company and another shareholder in the hands of the holding of S-China textile machinery, but in the implementation of the process, the company held a part of the stake in the loan dispute was a judicial freeze. 　　In this respect, the two companies that have resorted to legal settlement have thus fallen into a "messy" dispute, although both sides eventually agreed to reconcile, but let the long-term "tense" two of friends sitting at the negotiating table for "friendly consultations", obviously some difficulties, in the short term it is difficult to "form a consensus" seems to be understandable. The dispute does not understand the share reform difficult to become more important, because of the dispute between the two major shareholders, let S China textile machine of the road for the reform of a few years without any progress. June 26, 2006, S China textile Machinery released the announcement of the share reform of the notice into the reform process; July 31, the shareholders will vote through the reform program, the three major non-tradable shares of shareholders Pacific Company, 　　Nam Teng Company and another shareholder to the A-shares in the circulation of shareholders to pay a total of 9.7812 million shares, a share of the circulation of shareholders per 10 shares received 3.8 shares. Since then, the frequent occurrence of the equity freeze so that the share reform to stay in the "10 to send 3.8" written decision, coupled with the two courts in Shanghai, Jiangsu and the different judgments of the results of this matter for a long time, in the market heated discussion at the same time, the share reform program was shelved. 　　Until this year the Supreme People's Court intervened, the stock dispute farce in recent days finally let a person see the dawn. Under the conciliation agreement, the two sides in the equity dispute a; At the same time, the relevant reorganization party in accordance with the actual situation to promote and implement the S-China textile machinery reform issues, to the listed companies to inject no less than 1 billion yuan of high-quality assets. In recent years, the main business of the continuous loss of the S-China textile machine, the importance of self-evident. "As major shareholders, they have a duty to be responsible for the company's operations, but also to protect the interests of our small and medium shareholders, rather than for their own interests to the listed companies as a battlefield." 　　"One investor said yesterday. Monday, the day of the card, S-textile machine in the early 10 points will be sealed dead and stopped. When the VW securities newspaper yesterday called S China Textile Machine, the company's external contact telephone was constantly busy and could not be connected.