St Salt Lake 7 billion equity transfer mystery has long subterfuge

As the investigation deepened, Salt Lake Group (formerly known as St Salt Lake; 000578.　　SZ) more than 7 billion equity transfer in market capitalisation more truth began to surface. February 2, 2008, Yunnan Tobacco Xing Yun Investment Co., Ltd. (hereinafter referred to as "Xing Yun Investment") and Yunnan Tobacco group Xing Yun Cigarette Sales Department (hereinafter referred to as "Xing Yun Cigarette") will hold the Shenzhen Hing Yun Letter Co., Ltd. (hereinafter referred to as "Hing Yun Letter") to 80.5 million yuan price transfer,　　The assignee is the Guangzhou and Huamei Harvest Asset Management Co., Ltd. (hereinafter called "Huamei Assets") and Guangdong Huamei International Investment Group Co., Ltd. (hereinafter called "Huamei Group"). There was an uproar outside.　　The reason is simple, Xing Yunxin only hold the Salt Lake Group equity value of up to 7 billion yuan.　　But the reporter of the first financial journal found that in fact, Xing Yun letter "hold" Salt Lake Group is the trust assets, the Trust plan early in 2007, and let the reporter was surprised that the people of the Department of the Sino-us in 2007 has been in the Hing Cloud letter, although the actual controller showed still Xingyun investment.　　The department's involvement with Zhang Keqiang, the boss of the Department of Business, was investigated in January, and the world's attention was focused on its February 2, 2008 Xing Yunxin equity deal.　　According to the notice of St Salt Lake, February 2, 2008, Hing Yun Letter replaced shareholders.　　The sale of this transaction is Xingyun investment and Xingyun cigarette, the assignee is the Huamei asset and Huamei Group.　　According to the data, the transfer price of Xing Yunxin is based on the total assets of 70.2136 million yuan, and the appropriate premium is determined to be 80.5 million yuan.　　Also is because the transfer price and the St Salt Lake stock market value 7 billion yuan huge difference causes the outside big response.　　"First financial daily" reporter found that in this more than 80 million yuan transaction, the main assets included in the price assessment for Hing Cloud letter subordinate properties and property, St Salt Lake Equity is not in its list.　　Reporters read the July 4, 2007 notice found that the figure of the Department of Beauty has appeared in the Hing Cloud letter. July 4, 2007, S*st Digital disclosure of the report on the change in the simplified rights and interests. The report shows that at that time, although the actual controller of Xing Yunxin was still investing in Xingyun, the legal representative has become an important person in the Department of Song.　　This report shows that Song has served as chairman of Hing Yun Letter, Zhang Keqiang, Luo, Yard Yi, and another investment company from Shenzhen, Shenzhen wo Venture capital Co., Ltd. (hereinafter referred to as "Wo wo"), the shareholder Tang Dongyuan have entered the board of Hing Yun letter director.　　But reporters in Shenzhen city trade and Industry Bureau of the official website business information found that Xing Yunxin before July 4, 2007, no director of Change records show that the department of Zhang Keqiang, Song and other people have entered Hing Yun letter board.　　In other words, according to the bulletin can be judged, the Sino-US involvement in Hing Yun letter time should be before 2008, the Department of Song and other people in the equity transfer before the actual control of Hing Yun letter. 2008 63rd The Salt Lake Group's additional announcement confirms that the company has been involved in the Salt Lake Group for 2006 years. "February 12, 2007, the Sino-US assets, Wang Yihong, Wo wo (collectively referred to as" clients ") and Xing Yunxin (that is," trustee ") signed a trust agreement, confirmed since 2006, the trustee through trust in the name of the trustees to the Salt Lake Group to invest in the fact that, and the Trust property is: The trustee to the Salt Lake Group in the name of the investment funds and the formation of equity and other related rights, the trust period from February 12, 2007 onwards, until February 11, 2012.　　"Strange incident reporter learned that, including the above trust agreement of investment, such as the three sides in the St. Salt Lake at that time to invest about 328 million yuan." A supplement to the Salt Lake Group, June 3, 2008, said: "The trust agreement to determine the total investment amount of RMB 304.5 million yuan."　　"It is not difficult to see from this announcement, the client Huamei department in 2006 6 times through Xing Yunxin to Salt Lake Group and Qinghai Country investment payment of 304.5 million yuan."　　In addition, the July 19, 2007 Harvest assets, Wo Wo and other tripartite commissioned by the state-owned shares of Qinghai to increase the capital contribution of 23.6765 million yuan equity ownership.　　In other words, the Department of Huamei, Wang Yihong and Wo of the total three in the St. Salt Lake Equity stake has invested about 328 million yuan, and not just outside the cost of less than 70 million yuan to get the value of 7 billion Yuan Salt Lake Group equity is so simple.　　In other words, the Department of Beauty in 2007 years or so has been the basic control of Hing Yun letter, Xing Yun letter is they then invest in St Salt Lake Trust platform, with the department of Zhang Keqiang was investigated, 2008 years Hing Yun Letter Equity Transaction by the public attention, Hing Cloud letter as a trust platform investment St Salt Lake role also gradually clear.　　But Xingyun letter as investment St Salt Lake Platform also appeared strange things. Reporter found that April 16, 2008, Hing Cloud investment (ie "client") and Xing Yunxin (that is, "trustee") signed a trust agreement, Xing Yun Investment in the name of Hing Yun letter to the Salt Lake Group investment of 40 million yuan, confirmed as Xing Yun letter entrusted management property,　　and clear Hing Cloud investment in the name of Hing Yun to the Salt Lake Group of investment and the formation of income for the Trust property attributed to the cloud investment.　　From this point of view, April 16, 2008, the signing of the agreement, the Xing Yunxin shareholders have been easy to the main department, no longer Xingyun investment, that is, Xing Yun investment of 40 million yuan is commissioned by the Huamei-yun-controlled Hing Cloud letter for the equity investment in St Salt Lake. But the reporter found that Xing yun investment money as early as 2006 to Xingyun letter. The announcement said: "The client in the name of the trustee on August 30, 2006 delivered to the Salt Lake Group of investment money Thousand Yuan, (2) commissioned by the trustee in the name of September 30, 2006 delivered to Salt Lake Group investment money thousand million." "2006The year of Hing Cloud investment or Xing Yunxin shareholders, why until April 2008 to sign the Trust agreement? 40 million yuan in the Xingyun letter for the transfer of shares why did not explain?　　How to divide and define the St Salt Lake Stock Equity which should be held by Xingyun investment in St Salt Lake and Huamei department? Xingyun investment former general manager Dong Xiaoyun, Xing Yunxin's original chairman Yang Chengjia, the original director Wei three people were formally arrested on the top of the fall, is still unknown, but also the public security and the judiciary final review results. Responsible Editor: NF058