Taishan Oil to restart related transaction Resolution minority shareholders firmly oppose

"Resolutely opposed!" On the other end of the line, Mr. Wang said, slightly excitedly, "I will post online and persuade other investors to vote against it."　　"In the face of Taishan oil (000554, closing price 8.24 yuan) after three months, again launched the 2.4 billion related transaction bill once again, like Mr Wang such a strong opposition to small shareholders and a few." Whether the motion has been moved again "this time the motion has actually been rejected, but after a lapse of months, it came back." "Mr Wang's motion is actually a related transaction bill that was announced yesterday (September 2) by Taishan Oil," he said.　　According to the bill, Taishan oil is expected to 2010 year to the relevant parties-the major shareholder of Sinopec procurement of 2.4 billion yuan oil products (accounting for the same transaction 82%), due to the large amount, the company is scheduled to convene a general meeting of shareholders to consider on September 17. It should be pointed out that, as early as April 21 this year, the company has disclosed 2010 to China petrochemical procurement value of 2.5 billion yuan oil (accounting for the same transaction 90%) of the related transaction bill. When the motion was launched, it immediately encountered strong opposition from small and medium investors. At the subsequent shareholders ' meeting, the small and medium shareholders were voted down by 89.97% against the vote.　　Compared to the two motions before and after it is not difficult to see that the content of the related transactions are basically the same, only the amount of transactions reduced by 100 million yuan. "Daily economic news," the reporter looked at the data found that Taishan oil and Sinopec related transactions is a long-standing, the earliest date to 2000 years.　　Taishan Oil in the announcement also said, because the domestic bulk oil suppliers only Sinopec, PetroChina two, most of the company's oil products are purchased from the parent company Sinopec, related transactions really can not be avoided. Small and medium shareholders against the company is very helpless to face Taishan oil again launched a related transaction bill, with Mr. Wang as the representative of small and medium-sized shareholders have strong objections.　　In the online major stock forums, many small and medium shareholders have made it clear that they will vote against it at the general meeting or the Internet, and cite many reasons to call on other shareholders to vote against it, and even give a detailed list of ways to vote against it through the trading system. Faced with the doubts of all sides, Taishan oil in the center of the storm appears somewhat helpless. A company executive told reporters in an interview, because the supplier only Sinopec and PetroChina two, and considering the configuration plan and other reasons, the company basically only from Sinopec purchase. Asked if there was any plan for the Affiliate transaction, the person reluctantly said that it could only be bought through other suppliers in the market, but would have a negative impact on the company's profits. In the face of investor hopes that the company will be integrated to resolve the issue of related transactions for many years, the person cautiously pointed out that the main issue on the subject is the attitude of Sinopec.