Tang June's new vest: Dahua construction in the Nasdaq narrowly retreat

"Academic Gate" incident, the United States of America's Western Pacific University doctor Tang June to another "vest" back to the public view. August 24, Dahua Construction (NASDAQ:CAEI) announced the completion of the 25 million shares of common stock to acquire Shanghai Lian Travel Network Co., Ltd. (hereinafter referred to as the Joint tour) 60% equity transactions.　　After the deal, Tang June, through the personal wholly-owned holdings of the single Jet Investment Co., held a 31.2% stake in the construction of Dahua, Tang June himself was appointed chairman of the Dahua construction.　　August 25, the newspaper reporters in many ways to contact Tang June interview, but had always been high-profile He, this is a change of the normal, refused to interview the reporter request.　　It is noteworthy that Tang June, the object of the shell listing-Dahua construction since May 18 this year, the share price has been less than 1 U.S. dollars, hit the Nasdaq exchange rules of the red line.　　In addition, Dahua construction in the United States Securities and Exchange Commission (SEC) filed document, did not directly mention Tang June's doctorate source, only said it "in the United States, Japan, China to obtain a ph. D., master's degree." The 25 million-dollar joint tour, headquartered in Shanghai, is dedicated to developing massively multiplayer online role-playing games based on Chinese myths and legends and epic images.　　According to the documents submitted to the SEC by Dahua Construction, the joint tour backdoor the IPO plan of Dahua construction. The contacts between Dahua construction and Tang June have actually started last October.　　On the 8th of that month, CAE, the chairman of Dahua Construction, met for the first time with Tang June's Marriott Hotel in Shanghai, when the two sides discussed the topic of providing housing decoration services through an internet platform. It was during the 40-minute meeting that Tang June expressed his interest in using Internet technology to help Dahua build new business. The following October 26, CAE led the construction of the chief financial Officer, Vice president, Dong Secret and other people in Shanghai met Tang June.　　This time, the theme of the discussion becomes whether Dahua is interested in acquiring an online gaming company to help the business model transition. In fact, Dahua has long been mired in poor performance.　　Dahua Construction has been below $5 trillion since the second half of 2008 and has been under 1 dollars for a long time this year. Last November 2, UOB agreed to exchange 25 million common shares for 60% of the joint-travel network.　　The reason for agreeing to such a price is because Tang June said in the talks, the future of the joint tour of tangible and intangible assets combined with market value of the valuation can reach 50 million of dollars. After reaching the initial intention of building with Dahua, Tang June immediately began to set about the transformation of the couplet.　　According to Dahua construction of the related transaction description: At the end of last year to the beginning of this year, Tang June lent a total of more than 16 million Yuan tour, after agreeing to convert some of the loans into equity. On January 8 this year, the original shareholder, Wang Su Ping, transferred his 80% shares to Tang June. January 13, the joint tour willThe registered capital expands from 500,000 yuan to 10 million yuan.　　The increase was funded by Tang June 7.6 million yuan, Ms.zhu capital of 1.9 million yuan. After the completion of a series of transactions, January 25, 2010, Tang June under the leadership of the Xinhua Company's Hong Kong and Macao Information, officially announced to the outside world to buy thousands of network, joint Travel Network, promote technology, Sheng Lung team four IT companies.　　Tang June told the newspaper reporter, the acquisition of the transaction amount of 25 million U.S. dollars, of which 20% to pay cash, 80% to pay equity. According to the August 24 filed document submitted by Dahua Construction, the specific design of the deal is: Dahua construction acquisition of the new Crown Technology (Crown Marvell) 60% of the shares, and the new Crown Technology holds 100% joint tour shares. To acquire a 60% per cent stake in the new crown technology, Dahua built 25 million shares of common stock at the nominal value of $0.001 per share to Tang June's wholly owned single jet.　　Thus, Tang June, through his personal wholly-owned first jet, holds a 31.2% stake in the construction of Dahua, replacing the Crystal Art group as the largest shareholder in Dahua construction. August 18, Dahua Construction officially to the IPO of the shares, the same day its closing price of 0.615 U.S. dollars, calculated, Dahua construction 25 million shares of the market value of 15.375 million U.S. dollars.　　This translates into a 60% per cent share of the joint tour, valued at about $25.625 million. Narrowly the shell of the backdoor through the construction of Dahua, Tang June fulfilled its three months to achieve the commitment of the joint tour listing.　　But it is worth noting that this is a narrowly of the city's shell. The public information of the exchange shows that Dahua construction is mainly engaged in the construction of steel structure, peripheral protection structure and related engineering design, production and installation, architectural ecosystem design and construction, building intelligent Energy-saving system development and utilization, on September 28, 2007 on the United States stock Exchange listed transactions,　　and transferred to the Nasdaq market in May 2008. is looking for consulting chief analyst Luebbe that: the joint tour to achieve the listing of the case of Dahua construction faced with the plight of the city. Luebbe said: "The U.S. Securities Commission, the Nasdaq-listed companies, for 30 consecutive trading days under 1 U.S. dollars, need to submit an explanation to Nasdaq, if the 3-month price can not be raised to more than 1 U.S. dollars, and without justification, will face a retreat."　　If the stock price is raised to 1 US dollars and lasts for 30 consecutive days, the transaction can continue.　　Reporters looking at the construction of Dahua stock price trend, since May 18 this year, the stock price has been less than 1 U.S. dollars, touched the red line. "The stock price below 1 dollars is not the main reason that Dahua is willing to sell Shell to Tang June.　　The CFO of a Nasnac listed company, who declined to be named, told reporters that while the Nasdaq market had 1 dollars to retire, it was easy for companies to solve the problem through technical means such as shares. "The key issue in the construction of Dahua is that the business is not going to work." "The person pointsAnalysis said. According to UOB's 2010 second-quarter earnings, released on August 16, its contract revenue was $5.7 million, a sharp decline of $24.9 million over a year earlier, by 81% per cent, a net loss of 3.3 million dollars and a profit of 25 million dollars over the same period last year.　　This was mainly due to a decrease in the number of projects, the report said.　　Tang June new "vest" Dahua construction announced the acquisition of information on August 24, its shares closed at 0.99 U.S. dollars, a sharp rise in the previous trading day 0.31 U.S. dollars, up to 45.59%.　　A source close to Tang June has previously revealed that Tang June will be more focused on Hong Kong and Macao information, gradually away from the Xinhua all, especially Xinhua are the specific management business.　　At present, Tang June also served as president of Xinhua, Yunnan White Powder, Zijin mining, Qingdao Stele wine director, and the Xinhua charitable Foundation executive director and other functions.　　Tang June previously said in an interview with reporters: "Its always loyal to it," because the traditional industries, such as retail, mainly to control costs, innovative space is not in line with my personality, and IT industry by technological innovation, business model innovation to promote, this is in line with his personality.　　Some insiders believe that, although the Tang June published the "Loyalty It" manifesto, has not been involved in the "education door", but this stance, no doubt for both the incoming and retreat in Xinhua provided a reason.　　Although the United States linked to the assets injected, Dahua construction stock price approximation of the red line of 1 U.S. dollars, but Luebbe hope that if the next joint tour does not have excellent performance, Dahua construction of the retreat of the city crisis can not be completely eliminated. Linked to the public data show that it currently has two independent research and development of the game engine "Turbo" and "Apocalypse", and on the basis of the independent development of the two game "warring states Online" and "Reverse day." The CEO of an online game company, who declined to be named, said: "The linked products have not yet been operated," that is, no performance, how to support the share price? "Another company, who asked not to be named, said to reporters:" Heard of the company, some of the company from the light, there is a certain product research and development capabilities, but the market has a poor ability to operate. "The U.S. shell is worthless, so it is not like so many cases of shell listing in China." "The CEO of the Nasdaq listed company mentioned above said to reporters," for Dahua to build such a sluggish company, "some people are willing to take the market must be very happy, after all, such as the deterioration of performance, shell is even less valuable, perhaps there may be debt on the back." "August 25, the reporter failed to contact the building related to comment, the transaction document disclosed in the Investor Relations department contact Michael Tieu's phone to the voicemail, as of the press deadline did not reply. The reporter calls the China Construction official website to announce the ZHUHAI headquarters contact telephone, one answer telephone person said: "We are not Dahua, we are makes the glass curtain wall." "Statement: More games to publish this article for the purpose of conveying information, never meant to play moreEndorse or confirm the description of the opinion.