Sinovel wind power will be canceled Geo Jidong Shing rich dream stranded

Yesterday, the Commission issued the CRIC 2010 189th Working Conference announcement of the supplementary announcement, the cancellation of Sinovel IPO audit. The Commission issued the Audit Committee was scheduled to convene in 2010 the 189th session of the Board of Auditors, in view of the work of Sinovel (Group) Co., Ltd., there are still related matters need further verification, decided to cancel the 189th issue of the Audit Board of the issuance of the company's declaration documents.　　The SFC did not specifically disclose the reasons for the cancellation of the audit.　　Hua Rui Wind power, although no natural person shareholders, but it has been known as the "Shanghai Beach Securities Trio" in the two, one is the first general manager of Shanghai Stock Exchange Shing, the other is the early 90 Shenyin Securities President Geo Jidong. Shing and Geo Jidong are in the name of VC company to become Sinovel founder shareholder. December 6, 2005, Geo Jidong and Shing management of the Shenzhen Orient Modern Industrial Investment Management Co., Ltd. (hereinafter referred to as "Oriental modern") and the Tibet New Union Investment and Development Co., Ltd. (hereinafter referred to as "the new Union of Tibet") contributed to the establishment of the Sinovel wind power.　　Two companies have contributed 17.5 million yuan, each accounting for 17.5% of the total contribution amount. Among them, Shing is the eastern modern and the Tibet New Union chairman, the legal representative person.　　Since then, may be to simplify the shareholding level, Oriental Hyundai to its shareholders in accordance with the original cost of Funda, in Heng Fortis, Shanghai Yuan Qi and Rui Huafeng can transfer its ownership of the entire stake. Sinovel announced the disclosure of the prospectus, Shing directly holding a 85% stake in the new union of Tibet, Geo Jidong directly hold a 32.8% stake in Rui Huafeng. In Sinovel, the new union and the company will hold 105 million shares and 35.7 million shares respectively.　　If only the above direct shareholding quantity to calculate, Shing indirect hold sinovel 89.25 million shares, Geo Jidong indirect holding sinovel wind power 11.7096 million shares. Although the original state-owned shareholder Dalian Heavy Industry Mechanical and Electrical Equipment Co., Ltd. combined with four other corporate shareholders set up Sinovel, but the initial shareholding ratio of state-owned shares is only 20%. It can be seen that Sinovel's share of the wind power is relatively dispersed. As a result, Sinovel, owned by 22 corporate shareholders, has no real control over the risk of manipulation. But in fact, there is a certain relationship between the shareholders.　　If you become a concerted action, it will be the actual control of Sinovel. Shing was the chairman of the new Union of Tibet and the modern Oriental. Although later oriental modern transfer of equity to four shareholders, but the completion of the release, the four shareholders and the new union of Tibet total holding sinovel shares will reach 20.9%. In addition, as Sinovel chairman and president, Han Junliang is also a wholly-owned Beijing-China Thai Investment Co., Ltd. and indirectly become Sinovel wind power, the second largest shareholder, in the distribution will be indirectly holding sinovel 11.94% equity. And for the company's senior executives and technical backbone shareholding companies, Sinovel wind power distribution, Beijing Huafeng Investment Co., Ltd. will also hold its 2.98% sharesRight。 In this way, Sinovel alone has a total stake of 14.92% per cent.　　After the release, the largest shareholder heavy lifting of the shareholding will also be reduced to 16.86%.　　The Sinovel IPO audit was canceled, Geo Jidong and Shing invested in the equity, the dream of wealth was temporarily stranded in the finishing touches. Reporter Zhang Yi