The current vice president of Jiangxi Normal University will be worth or exceed 2.4 billion

Yang Yong Today, Jiangxi Xilin Branch Co., Ltd. (hereinafter referred to as "Xilin") in the Gem IPO will officially, the company intends to issue no more than 33.334 million shares, to raise funds of 314 million yuan for annual output of 1000 tons of high-performance gasoline explosion-proof agent (MMT) expansion project and research and Development center construction projects. It is noteworthy that the company's actual controller Riovilin, in addition to serving as the director of the Xilin Branch, he is currently the vice president of Jiangxi Normal University.　　If the successful listing of the Xilin branch, Riovilin, Zhu Yuhui couples of wealth is expected to increase to 2.4 billion yuan. Riovilin, an indirect holding department reporter, entered the official website of Jiangxi Normal University, where he was the current vice President, the Fourth of the 7 Vice principals, and was promoted to the Professor in 1997 and enjoyed special allowances from the State Council.　　He is director of the key laboratory of fine chemicals in Jiangxi Province, director of Chemical Research and Development Center of Jiangxi Normal University, deputy Director of Chemistry Institute, and member of Jiangxi Provincial 11th session. Riovilin's MMT career began in 1998, when he developed a metal passivation agent JMP-5005 Technology at Jiangxi Normal University.　　In order to promote the industrialization of the technology, Jiangxi Normal University to the technology for 120,000 yuan Investment, Riovilin with its own capital of 880,000 yuan, set up the Jiangxi Line is Chemical Co., Ltd. (hereinafter referred to as "line is chemical"). June 11, 2002, the chemical Industry and normal University of chemical technology in monetary funds to set up Jiangxi Xilin New Materials Co., Ltd. (hereinafter referred to as "new material"), the main production MMT.　　New material set up the registered capital of 750,000 yuan, of which is the chemical capital of 500,000 yuan, accounting for 66.67% of registered capital, the Normal University of Chemical technology investment 250,000 yuan, accounting for the registered capital of 33.33%. 2004, MMT technology relatively mature, because the industrialization of the capital is relatively large, new materials own funds, so the introduction of three and Hong Kong joint venture to set up Jiangxi Xilin Branch Industrial Co., Ltd. (the predecessor of the Xilin Branch).　　New materials are financed with MMT technology and other assets, and three and Hong Kong are funded in cash. 2007, the line is chemical to cash increase of 28.6667 million yuan, registered capital to increase to 29.4167 million yuan. The ownership structure has become the chemical holding new material 99.15%, Normal University chemical technology 0.85%.　　September 3, 2010, the Normal University of Chemical technology will be held by the new material 0.85% of the stake to 250,000 yuan to the line is chemical. Riovilin Holding is a chemical 88% shares, and the line is the chemical holdings of new materials 100% shares, new materials and holds 54.007% of the Xilin branch.　　By indirect holding, Riovilin holds 47.526% per cent of the department. A net worth of 2.4 billion yuan and Riovilin's wife Zhu Yuhui is indirectly holding a 33.333% stake in the Xilin branch through the foreign capital status. July 5, 2006, Zhu Yuhui invested HK $10000 to establish innovative Hong Kong, June 4, 2007, three and Hong Kong will be held in Jiangxi Xilin Branch Industrial Co., Ltd. 34.885% of the equity transfer to innovation in Hong Kong. 2010 Year July 4, Zhu Yuhui will be the innovation of Hong Kong 100% of the equity transfer to its sole proprietorship of the happy Month Limited. In addition, as the original sponsor of Jiangxi Normal University in 2009, "generous" to sell the stake.　　March 31, 2009, Jiangxi Normal University will hold its line is the chemical 12% of the equity in the price of 4.4545 million yuan transfer to Yangjie, Yangjie is now the Department of Finance staff of Xilin Branch, is the Yang Jinhui's daughter of the Board of Supervisors, and Yang Jinhui for Riovilin brother-in-law.　　According to statistics, Riovilin indirect possession of 47.526% of the shares of Xilin Branch, Zhu Yuhui indirect possession of 33.333% of the company's shares, that is, Riovilin, Zhu Yuhui The total indirect possession of 80.859% of the shares of Xilin. Xilin 2010 earnings per share of 0.66 yuan, after the issuance of diluted earnings per share of 0.495 yuan. According to the current Gem 60 times times the average price-earnings ratio, after the listing of the Xilin branch of the shares of about 29.7 yuan. With the 80.859 million shares currently held by the Liao and his wife, the net worth will reach 2.402 billion yuan. This does not include Riovilin's niece, Yangjie's holdings.