The number of "Jinggu" before the election of two major shareholders in forestry

Jinggu Forestry's largest shareholder Jinggu, the second largest shareholder of China-Thailand security for the company's board of directors to control the long-standing rivalry. This board transition is a good opportunity for both sides to grasp the right to control.　　So the two sides around the general tactics, a total of 16 directors or independent directors, for the board of 9 seats. Jinggu Forestry July 20 announced that July 15, 2010, the company's largest shareholder Jinggu Sen Tatsu Lee, Li Yongxian, Janjinwu 3 people for the Board of independent director candidates, recommended Chenqing as independent director candidates. At this point, Jinggu to recommend a total of 9 candidates, the total number of more than the recommendation of 7 candidates for the Sino-Thai Guarantee.　　Thus reversing the number of candidates appointed in the current board transition. At the previous board meeting on June 24, the Board of Directors considered proposals for 12 board candidates. At that time, Jinggu and the Sino-Thai guarantee between the "sea war" will be kicked off. Among them, Jinggu recommended 5 people, respectively: Li Daqiang, Chu Haitao, Wang Yu, De Wanchun, Li Yu. China-Thailand Guarantee recommended 4 people, respectively: Ma Chunhua, Shang, Wang Huiming, Jia Linqing. In addition, the company board nominating committee also recommended 1 independent director candidates Yang Jianyun and 2 independent director candidates Taiyunshong, Zhao Yuanfan. This means that the number of independent directors recommended by the China-Thailand guarantee has reached 4, and that the number of independents has reached 3, with a total of more than Jinggu. In this respect, Jinggu director Royongming, Sukhumvit had to the company's board of Directors nomination committee recommended the vote against.　　However, the company's board of directors at the general meeting authorized the company's current board of directors to perform the duties of June 30, 2010 as the basis, forced to recommend the 3 candidates. The board's re-election is multi-candidate election, with a total of 6 independent directors and 3 independent directors. Therefore, if Jinggu wants to gain control of the board, it must ensure that the 5 candidates they recommend are supported by shareholders, and that if there is any mishap, the Chinese-Thai-backed men will still be in control of the board for the next 3 years. It is for this reason that Jinggu is recommending board candidates in the near future. This behavior is undoubtedly the "Sea of war" carried out in the end.　　In the current situation, Jinggu is currently leading the number of candidates. As one of the troika of the "Tai Yue", Jinggu forestry has continued to decline in recent years. Although Jinggu has gained the status of a large shareholder, the board is still under the control of the China-Thailand guarantee.　　China-Thailand guarantee through the Board nomination committee to recommend candidates for the director of this can be seen, the Sino-Thai guarantee does not intend to cede control of the board of Directors. Today, a week or so from the July 29 shareholder meeting. But there is no sign that the "sea war" between the two sides on board candidates will be over. In fact, it is not just the number of candidates who can determine the final outcome, but which side will play a decisive role in securing more Third-party support. According to Jinggu Forestry Quarterly, Jinggu holds the company 25.57%Shares, China-Thailand is guaranteed to hold 24.42% of the shares. The actual shareholding of both sides is only less than 2 million shares. There are market participants that: "In the near stage, the Jinggu forestry two-level market trend is calm, and there is no obvious rush to raise volume phenomenon." As a result, the likelihood of significant changes in the number of shares held by either party is not very high. According to the list of shareholders disclosed in the quarterly bulletin, the fifth largest shareholder Jinggu Dai Yi Autonomous County Power Company and the eighth largest shareholder Jinggu Dai Yi Autonomous County Lin investment company for the Yunnan Jinggu Dai Yi Autonomous County government subordinate units, or is expected to lead to Jinggu Sen's strong assistance. In addition, the third largest shareholder cloud investment group also for Yunnan Local state-owned enterprises, think not and Jinggu Dai Yi Autonomous County state-owned sector embarrassed. Therefore, the market participants said: "In the shareholder list has not produced a significant change in the premise, compared to the Sino-Thai Guarantee, Jinggu Sen is slightly more than the odds." ”