St Societe Generale restructuring hopeless shareholders abandon Chen Tieming win control right

Reorganization hope is about to burst, St Societe Generale concerted action people have to sell their stakes. St Societe Generale announced last night that it had with the actual controller Chen Tieming with a boat two shareholders yesterday will hold the shares of all listed companies, are transferred to the Chen Tieming couple's company.　　At the same time, St Societe Generale will convene a provisional shareholder meeting on July 12 to consider withdrawing the reorganization of the assets of the motion.　　Chen Tieming won the control of the withdrawal of the two shareholders of the industrial St Societe Generale, is now the first major shareholder in Xiamen Continent Holding Group Co., Ltd. (hereinafter referred to as "continent holding") the actual controller Chen Tieming won the board seat of the facilitators. St Societe Generale yesterday announced that the number of shares held by the Lin Mizhu is 952,651 shares, Zheng Holdings of 2.5951 million shares. The transfer was achieved through the SSE bulk trading platform.　　After the transfer is completed, Lin Mizhu and Zheng no longer hold the St Societe Generale stock, also no longer become a continent holding the unanimous action person.　　Lin Mizhu shares sold to Chen Tieming wife Shei 95% of the Xiamen New Continents Trading Co., Ltd., to accept the Zheng stake is a wholly-owned subsidiary of the continents of Xiamen Run River Construction Co.　　It is noteworthy that St Societe Generale also pointed out that in the period from May 14 to July 8 this year, Xiamen New Continents Trading Co., Ltd. through the two-level market increased the St Societe Generale 720,000; Xiamen Run River Construction Co., Ltd. through the two-level market increased the St Societe Generale 1,684,068 shares.　　In other words, as of yesterday, the continent and its associated shareholders held a total of 24.07% of the shares of St Societe Generale, in the report released at the end of last year, the continent is holding a stake in St Societe Generale 10%.　　In yesterday's announcement, Chen Tieming also stated his determination to continue to increase its stake in St Societe Generale through SSE in the next 12 months.　　The cause of the reorganization and the quagmire of all things may also be strange: Chen Tieming won the control of St Societe Generale, this may "Nirvana rebirth" business and again to sink into the mire. June 25, St Societe Generale announced that it intends to apply to the CSRC to withdraw the major assets reorganization of the administrative examination and approval materials, the reason is the main asset to be purchased "Richland Garden"　　The changes caused by the Xiamen urban planning adjustment and the great changes in the recent state-related real estate policies have a great impact on the major assets reorganization.　　Almost at the same time, the media has suddenly been responsible for the St Societe Generale restructuring CITIC Securities investment bank Shei on suspicion of insider trading has fled the departure; before June 3, St Societe Generale deputy general manager Tang Min for personal reasons to resign, she and Shei should be old knowledge, St Industrial Supervisor Yang Xianping also resigned on June 24. As the Chen Tieming into the St Societe Generale, in addition to the continents and the former largest shareholder, "Northern Fu" outside, the St Societe Generale shares are very dispersed. Therefore, there are market speculation, in this eventful period, Chen Tieming may be through this transfer, to enhance the continent of the company's control of the listed companies; but there are also investors who believe that the departure of the concerted actionis a disappointment to the failed reorganization of listed companies.