The actual control person and the big shareholder "wrestle" St the Shanghai Branch Board of Directors

St the "Wrestling" between the shareholders of Hkust and the actual control person is underway. Although the Nanjing St Group Limited (hereinafter "Nanjing Westchester") has not held the company even a share of shares, but still control the board of Directors of Shanghai Branch, and still control the company. The first major shareholder, though intended to restructure, and spend huge sums of money into the company facing delisting, is unable to enter the board.　　However, this may be change with yesterday's equity auction, the first major shareholder again through the auction to obtain the company 27.3763 million shares, the shareholding reached St Shanghai branch 16.84%. The transaction price is higher than the two market yesterday 10, Wuxi Union Venture Capital Co., Ltd. (hereinafter referred to as "Wuxi State Union") owned Wuxi Wanfang all equity (including Wuxi Wanfang held St Shanghai branch 27.3763 million shares of restricted circulation shares) was officially auctioned.　　The reporter from this commissioned auction house of three auctions: the morning auction in Wuxi Property Hotel on time, came to participate in the auction of a total of 4 units, the auction reference price of 100 million yuan. "St Shanghai Branch 27.3763 million shares of restricted circulation stocks are almost all the assets of Wuxi Wanfang, in addition to the other may only have hundreds of thousands of yuan receivable." Wuxi East China auction house staff told reporters.　　and St Shanghai branch Today's announcement also said that Wuxi Wanfang's main asset is held by the company's restricted circulation shares 27.3763 million shares (accounting for 8.32% of the company's total equity). "The final auction was sold at 182.5 million Yuan." "Yesterday's midday auction ended, Jiangsu five Love Auction Co., Ltd. staff to the reporter pointed out," The last auction success is a name Kunming days and Dou special industrial company. "Its actual control person is a Yunnan people, called Spechin, although he himself did not come to participate in the auction today." "In addition, the transaction price is higher than the reference price of 80%, may be someone bidding."　　"To 182.5 million yuan transaction price calculation, 27.3763 million shares of restricted stock auction price of 6.67 yuan/share, higher than yesterday St Shanghai branch close to 17%." At the end of June, after the announcement of the auction, St Shanghai branch of the stock price fell three consecutive times. And in the morning of July 14 auction closed, the afternoon opening less than 11 minutes, turnover suddenly enlarged to 7003 hands, the stock price limit in 5.69 yuan position.　　The same day the total turnover of 111,895 hands, compared to the previous days magnified several times, the turnover rate also reached 4.98%. Public data show that Wuxi Wanfang for the Wuxi National Joint wholly-owned subsidiary, and Wuxi National Union of the actual control of Wuxi Sasac. In the first half of 2008, Wuxi Wanfang stationed in St Shanghai branch, at that time held 27.3763 million shares of restricted stock; October 2008, Wuxi Wanfang through the Nanjing Granville Special auction 15.5 million shares and leaped to St Shanghai branch of the first major shareholder. However, in less than two years, the city of Wuxi Sasac began the "retreat": Following this February 9, Wuxi Wanfang auction off the hands of the St Shanghai branch of the 15.5 million shares of the second largest shareholder, the auction isIt means that the sasac of Wuxi will give up its last part of St Shanghai Branch and withdraw completely. Spechin Another reporter from the St Shanghai branch of the past public data found that this is the October 19, 2009 Nanjing Granville Special auction 12.51 million shares St Shanghai branch of the object.　　The announcement shows that the auction price of about 4.82 yuan/share, the cost of bidding more than 60 million yuan. February 9 this year, Wuxi Wanfang held St Shanghai branch of the sale of 42,876,311 shares of 15.5 million shares were auctioned, the success of the auction is also Spechin.　　At that time, he took the price as high as 6.46 yuan/shares, close to the St Shanghai branch closing 6.78 yuan, and the Spechin need to pay the auction price of more than 100 million yuan. As of the same day, Spechin for the St Shanghai branch has cost more than 160 million, a total of St Shanghai branch of the total number of shares to 28.01 million shares, the shareholding accounted for 8.52%, leaped St Shanghai branch of the first major shareholder.　　Wuxi Wanfang takes 27.3763 million shares to the second. Public information shows that yesterday, 27.37 million shares of the Kunming days and Dou special industry is Spechin holding 69.45% of a trade, special capital supply and marketing, packaging, decoration and other businesses.　　From September 2004 to October 2009, Spechin as the chairman of Kunming Tianhe Industrial (Group) Co., Ltd.　　In addition to Kunming Day and Dou special industry, Spechin shares in the company also includes Kunming and the letter Housing Industry Development Co., Ltd., Yunnan Moma Real Estate Company Limited, Yunnan Moma Stone Crafts Co., Ltd, Yunnan Mo Ma Commercial Co., Ltd., its shareholding ratio is 65.97%, 26%, 48%, 34.8%.　　Yesterday after the auction ended, Spechin the actual control of the St Shanghai Branch restricted shares have reached 55.38 million shares, the proportion of shares reached 16.84%, the total investment of about 350 million yuan. Such a high cost, high-density to settle in a year of losses, six months after the imminent withdrawal of the company, Spechin backdoor intention is obvious. After the success of the February auction, Spechin has publicly stated the purpose of the auction: "To use its business and asset advantages to integrate the business of listed companies to enhance the quality of listed companies." In the next 12 months it is possible to inject the quality of his assets into the St Shanghai branch. But at present he has no definite adjustment plan to the existing main business and assets of listed companies.　　"The debate on the Board of directors However, the reporter found that the Spechin of the reorganization of the Abacus in the board of the road but jammed the shell. As of February 15 this year St Shanghai branch Board of directors expired. May 21, St Shanghai branch received the first major shareholder Spechin and the second largest shareholder Wuxi Wanfang jointly brought to the board of Directors to convene an interim meeting to consider the two shareholders unanimously recommended the director and the list of independent candidates.　　The list of recommended directors, all from the Spechin of Kunming days and Dou Special Industry (group) leadership, respectively, is currently Kunming days and Dou special Industrial general manager, finance director, Capital Management Department minister. But Li Baowei, chairman of the company, didn't ring.On the proposal of the two shareholders convened an interim meeting of the Board, so the two shareholders to the vice chairman Tang Xingliang convened to preside over the interim meeting. June 14, the company's board of directors in Shanghai, held an interim meeting, attended by 4 directors, unanimously considered the adoption of a general election of the company's board of directors resolution.　　But June 18, the company's perennial legal counsel Shanghai times law firm to call the vice Chairman of the meeting procedure is invalid and veto the board resolution. After rejecting the board resolution, the provisional shareholder meeting scheduled for June 4 in Nanjing was not opened.　　The announcement that the reason is due to the Spechin, such as the meeting address differences caused the meeting was not held in time.　　Reporter found that St Shanghai branch Chairman Li Baowei is currently the vice chairman of Nanjing, and vice chairman of the company Tang Xingliang is Wuxi National Union Development (Group) Co., Ltd. Audit department manager. Public data show that Nanjing St as the original controlling shareholder of Shanghai Branch, has controlled the listed companies for 10 years.　　St Shanghai Branch 2009 Annual report shows the company's huge losses, which due to the original holding shareholder in Nanjing and its affiliated enterprises to guarantee the formation of other receivables amounted to 379 million yuan. But since August 2007, Nanjing has started to pay for the debt auction hands St Shanghai branch shares, after four transfer in last October, the total withdrawal of the company's shareholders. However, in the St Annual report published in April this year, Nanjing is still the actual control of the company. The company said: "The company chairman and most of the directors, supervisors and senior management personnel are still the original Nanjing Granville Group Co., Ltd. Push, therefore, the company's actual controlling shareholder is still Nanjing Fang Group Co., Ltd. and the". July 14, "The first financial daily" reporter called St Shanghai Branch of the office, staff still said: "So far, our company's actual control of the person is the Nanjing Hewitt." "In addition, the company also previously announced that the main shareholders of the company to request a general Board of directors of the proposal, Li Baowei proposed to spend a period of time to prepare for the first time before the end of July 2010, the company in 2010 to consider and produce the company's seventh session of the Board of Directors and supervisory board.