St Treasure Dragon Basic deposit account is sealed and reorganized can be successfully implemented?

-Our reporter rectifies The Moon St Bonhams (600988) today issued a notice that the company's basic deposit account has been in Guangdong province Zengcheng People's Court (hereinafter referred to as: Zengcheng court) to seize the freeze, the request bank to suspend payment for 6 months (from June 11, 2009 to December 11)　　, overdue or withdrawn after freezing can be paid. St Baolong said that the company is actively working with the Zengcheng court and other parties to contact the matter is being investigated.　　This seizure will have a certain impact on the normal day-to-day payment of the company.　　St Treasure Dragon Assets Encounter "seizure" due to successive losses, St Bonhams has been deeply immersed in the spiral of debt. June 3, St Bonhams has issued a notice, the company recently received Zengcheng Court Executive Board of the deadline to fulfill the notice, about Guangzhou Real Estate Co., Ltd. to apply for the implementation of the company and Yang Longjiang contract dispute case, the Zengcheng court made civil judgments have been legal effect.　　Due to the company's failure to fulfil its obligations under the judgment as stipulated in the notice of execution, the Zengcheng court seized 29 of all the company's vehicles by law on September 2, 2008. And the limited St Bonhams from the date of service of the notice to the Zengcheng Court Executive Board to fulfill the obligations determined by the judgment, the Zengcheng court will dispose of the seized property in accordance with the law to repay the debt owed to the applicant.　　The implementation of the deadline will affect the company's carrying assets of about 3.3 million yuan. The announcement shows that the plaintiff Guangzhou Hopewell Real Estate Co., Ltd. and the defendant St Bonhams on April 20, 2005 signed the "state-owned land use rights transfer contract", as a result of the company's default, Guangdong province Zengcheng People's Court to terminate the signing of the above-mentioned "state-owned land use rights transfer contract"; Return of the company 88,000 yuan, payment of default of RMB 4.0352 million yuan.　　After the decision came into effect, the application for the implementation of the company to the Zengcheng People's Court for enforcement. On June 12, St. Bao Dragon issued a major asset reorganization announcement. And at the major restructuring of the St Bonhams, any fluctuations or events will cause a series of chain reaction. And investors who bet on St Baolong's restructuring do not want any negative news from the company at the time of the reorganization.　　However, this announcement will inevitably affect the St Bonhams, which is in the planning of major reorganization matters.　　St Treasure Dragon "betting" restructuring St Bonhams in recent years, the performance has been in the state of loss, corporate debt is also high, at present, the company can only hope that the reorganization to solve the problem. June 12, St. Bao Long announced that the company is planning major asset restructuring matters, in view of the major asset restructuring program needs further proof, the matter is still uncertain. In order to avoid abnormal fluctuation of the company's stock price and protect the interests of investors, according to the relevant regulations of the CSRC and Shanghai Stock Exchange, the company's stock has been suspended since June 12, 2009 and will disclose the major assets reorganization plan considered by the company's board of directors after the suspension of business, if overdueDisclosure of the plan, the company's shares will resume trading on July 12, 2009, the stock after the date of the resumption of 3 months the company will no longer plan major asset reorganization matters. According to a notice released by St Baolong in May this year, the company's controlling shareholder, Guangdong Jinan Automobile Industry Co., Ltd. (hereinafter said: "Jinan motor") has actually transferred the shares of its company to two natural persons by way of debt. Among them, the company chairman Wan Zhong 9.8 million shares, the price is 2 yuan/share.　　This part of the stake has actually been mortgaged to the Guangdong Yellow River Industrial group. The announcement said that the Jinan car owns 39.3478 million shares of St Baolong, accounting for 9.49% of the total shares of the company.　　According to the civil mediation of the Dongguan Intermediate People's Court, Jinan car has actually held the shares of its company to Guangdong Yellow River Industrial Group, the current shares in the frozen state, has not yet been transferred, but the Yellow River industry has the right to designate relevant units and individuals to be allowed such shares. According to the Jinan car, the Yellow River industry respectively and natural person Wu Beiqing, Wan Zhong signed tripartite Agreement, Yellow River industrial designated Wu Beiqing as one of the assignee, received the Jinan car held shares of 29,547,880 shares (accounting for the company's total share capital of 29.66%), the parties to the transaction agreed to 2.5 yuan/share price transfer, The total amount of the transfer price is 73.8697 million yuan. In addition, according to the same way, the company chairman Wan Yu Jinan Motor owned 9.8 million shares (accounting for 9.83% of the company's total equity), the transaction price of 2 yuan/share, the total transfer price of 19.6 million yuan.　　The transfer price of all the shares by two of the assignee directly paid to the Yellow River industry. Although during the reorganization suspension, St Bonhams's basic deposit account was frozen by the court.　　However, in view of the above mentioned, the market generally believe that the St. Baolong restructuring has no suspense, and investors also believe that the St. Baolong restructuring is imperative. And in the St Bonhams due to the reorganization of the suspension of the period, investors can only pray the company's reorganization can be carried out smoothly.