Skillfully apply Mbo easy to Lian Zhong Sprint Gem Group for others to marry

Yi Lian Public Information Technology Co., Ltd. April 16 will accept the gem "will" big test, the reporter noted that the 2007, the company skillfully applied Mbo, and the listed company Tatsu Group is in the critical moment "out", there is "for others to marry clothes" suspicion. Pre-disclosure materials show that Guber insists that the company shares 30.64 million shares, accounting for 47.875% of the total share capital before issuance, and is the controlling shareholder of the company and the actual control person.　　Kupertian has served in the solid group, from July 1989 to February 1999, its Ren Tatsu Group department head, Assistant President, deputy Director of the Conference, March 1999 to November 2000, Ren Tatsu Technology (holding) Limited executive director.　　The group has played an important role in the growth of the audience, before the company was set up July 14, 2000 to June 29, 2009 restructuring, Tatsu Group has been authorized to use the "real Tatsu" firm, however, 2007 Tatsu group was unexpectedly "out", and ultimately with the IPO feast missed. Data show that the predecessor of the group is Xiamen Tatsu Information Systems Integration Co., Ltd., established by stepping stones, stepping stones is a Hong Kong listed company Silver-100% holdings of sun Company, therefore, the actual control of the company is silver-GEN holdings.　　The controlling shareholder of Yin Chong Holding is for Fuda Holding, 1999, the real Tatsu group wholly-owned subsidiaries Tatsu International Holdings achieved 30% stake in Fuda Holdings, became the second largest shareholder, therefore, the company from its inception has been the use of "Tatsu" firm, the company also with the real Tatsu group shares of the indirect link. Stepping Stones initially invested in the establishment of easy to join the public Health insurance information field, because stepping stones and Silver Chong Holdings are not engaged in medical insurance information business assets, technical personnel and business experience, so through a cooperative way to introduce the dragon in Hunan, and 49%　　The transfer of equity to the dragon in Hunan, Hunan Dragon will be the health care Software "staff system V1.0, V3.0" to 2.5 million yuan to the company. 2002, Hunan Dragon changed its name to Fujian generous software Industry Co., Ltd., March 6, 2003, Fujian generous 6.2298 million yuan to star gain transfer its holding company 49% stake, November 18, 2003, stepping　　Stones unilaterally to increase the company's capital of HK $35.9 million, after the completion of the stepping Stones's shareholding ratio rose to 87.80%,star gain was reduced to 12.2%.　　February 17, 2005, STAR gain will hold 12.2% of the company's stake in the 9 million Hong Kong dollar transfer to stepping Stones, Yi Lian again become stepping Stones wholly-owned subsidiary. However, on March 31, 2006, Stepping Stones signed the trust agreement with Kupertian and Leibiao., the agreement will be held by the company's 100% Equity Trust to Kupertian and Leibiao, of which Guber is entrusted to hold 65% stake, Leibiao entrusted to hold 35% stake. However, since the transfer of the shares is in the name of the transfer, Kupertian, Leibiao only on behalf of the stepping Stones shareholding, does not have ownership of the shares, and does not have any other income associated with the equity, so did not pay the transfer price of equity. January 19, 2007, Stepping Stones will be easily linked to 100% equity transfer to June Hao investment. In this respect, stepping stones's explanation is that silver-GEN Holdings began moving its main business to ATM-related businesses in 2005, just two months later, Chun Hao's investment began to negotiate with Kupertian and Leibiao, a leading executive, to discuss the transfer of the company's shareholding in the form of MBO. and signed the "Equity transfer Agreement" on March 20, 2007, Kupertian, Leibiao the proportion of shares were 65% and 35%, the total transfer price of HK $47.8 million.　　December 29, 2007, Kupertian, Leibiao, respectively, the ownership of the shares transferred to the company employees.　　As a result, the company skillfully implemented MBO, and the group for others to make "wedding dress." In 2009, the net profit attributable to the owner of the parent company was 31.44 million yuan, which was calculated by 86 million shares of the total share capital after the company was issued. Earnings per share of 0.37 yuan, to the gem 50 times times the average issue price, the company's IPO price is expected to reach 18.5 yuan, so that Kupertian held 30.64 million shares of the market value of 567 million yuan, far more than its original investment.