The case of the Victory St Thai compound in Fengyuan group

Despite the "fog" of the Fengyuan group's restructuring, the group was victorious on another front. St Thai-Fu today, the Bangbu Intermediate People's Court judgment, confirmed that Bangbu first sewage treatment plant under the name of the St. Thai complex all equity vested in the Fengyuan group. The share of the shares accounted for 26.78%.　　The company said the lawsuit could lead to changes in the company's controlling shareholder. The case, which was scheduled to be heard on June 10, is now in session. Henan provincial People's Court judge Xuan Bangen to reporters, because the prosecution and defense to the deadline for the proof of agreement, so the relevant proceedings were advanced.　　and has been hidden for a long time the actual control of St Thai complex to confirm. April 16, St Thai re disclosed the relevant content of rectification notice. According to the Shenzhen stock company, the inspection found that, May 20, 2005, the St. Tiger holding shareholder Bengbu wastewater Treatment Plant and Fengyuan Group signed the agreement on Equity transfer, agreed to transfer its holdings of St Thai shares to the Fengyuan group (as of now not transfer). July 18, 2005, Fengyuan Group paid the equity transfer. By September 2006, when the St Thai complex implemented the reform, Fengyuan Group paid 52.9925 million yuan for the reform. The Bangbu people's government clearly pointed out that "the actual investor of the listed company is Fengyuan Group, the sewage treatment plant is the name holder of the company's equity, and the sewage treatment plant and the Fengyuan group form the entrustment relationship." "In addition, major issues in the sewage treatment plant, such as production and operation, personnel removal and dismissal must be approved by Fengyuan group." SSE thus determined that the actual control of St Thai complex should be Fengyuan group.　　However, the listed companies have not disclosed this for 5 years. It is noteworthy that during the period of the actual control of the St-Tae-tai complex, the company has been linked with the Fengyuan group for many times, and has never been disclosed in the relevant periodic reports. Rectification notice pointed out that the inspection found that St Thai-FU has been to the money, prepaid and other names with the Fengyuan Group subsidiary South China Star, Fengyuan gelatin occurred funds. Among them, St. Thai complex has to pay 33 million yuan to the south of China star payment, to the Fengyuan gelatin paid a total of 25.656 million yuan, of which 17.395 million yuan for procurement operations.