The Sea King organism was transported by the suspect in disguise

Source: Internet
Author: User
Keywords Sea King Biology parent company benefit conveying
"Sea King Creature (000078) how to buy a parent company's house again?" The investor, Ms. Hou, raised her question by telephone, because the Sea King has bought a property that is worth more than 50 million yuan.  She suspected that the Sea King's life to buy a house is in their parent company, Hai Wang Group for the delivery of benefits. It's a bad money. Sea King Biology buy a house still rich Sea King Biology recently issued a notice, the board and the provisional shareholders of the General Assembly for approval, the company and the parent company Shenzhen Hai Wang Group Co., Ltd. signed an asset transfer agreement, the acquisition of Sea Wang group name Sea King Mansion property.  May 21, Sea King Mansion 42 sets of property transfer procedures and transfer of 52.936 million yuan payment procedures have been completed.  In this respect, Hai Wang, a representative of the Department of Biological Securities Affairs, said the acquisition is to rationalize the allocation of corporate assets, improve profitability and for future business development reserve space and resources, is an investment. And let Ms Hou question is, as a biological pharmaceutical companies, the Sea King creature gave a reason seems far-fetched, not to mention the Sea King is not "not bad money."  According to the 2009 annual report of the Sea King, the company 2009 net profit of only 14.159 million yuan, excluding government subsidies and other non-recurrent profit and loss after the company is a loss of 15.7 million yuan. In an interview, an analyst who declined to be named told reporters that the listed company's investment in the main business project itself is beyond reproach, but the Sea King biological move is doubtful. First of all, from the 2009 Annual report, the Sea King Biological Management is not ideal, after deducting the non-recurrent profit and loss after the actual loss, so stretched a company suddenly come up with 5 times times the profits of last year's money to buy the parent company property is really confusing; second, if the main business development is not smooth,  The need to invest in other projects to create profits is not bad, but in the current state of strict controls on the background of real estate, the company to buy a building "reverse thinking" really let "investment" argument is not tenable. There are precedents to spend more than billions of dollars of reporters looking at the Sea King biological past notice found that the Sea King biology to buy the property of the parent company is not the first time, as early as last year, the company made huge purchases of the parent company property.  Sea King in a year has been in the Sea King building related properties of two acquisitions, the cumulative acquisition amount of more than 100 million yuan. May 21, 2009, the Sea King biological release announced that the company to buy 55 million yuan in the price of the Sea King Mansion 34 sets of property transfer procedures have been completed, the company has paid to the Sea King Group of the remaining 9.1 million yuan acquisition. Market analysts said that from the company's 2008 annual report, the Sea King's bio-financial situation was worse than now, the annual loss of 12.77 million yuan.  In such a dilemma to bring out such a huge amount of cash, desperate to buy the parent company's property, the sea Wang Group Circle money intention is obvious. Ms. Hou said that she invested in Sea King Biology is the concept of the unit's biopharmaceutical, if the company inadvertently develop the main business, instead of investing in real estate, then she would rather invest in a specialized real estate company, but if the Sea King Biology borrowed the name of the houseLine of interest conveying the truth, then she will ask the company a statement.  The pattern many parent company racked their brains for the circle money Sea King Biological and the parent company between the incredible relationship between the transactions far more than these two properties, including the obvious benefits of transport. Sea King December 9, 2009 has issued a bulletin said, to the price of 1 million yuan to the large shareholder Hai Wang Group to acquire the holdings of Shenzhen Sea King Food 75% of the equity, Sea King food into the company's wholly owned subsidiary.  Sea King Biological in the announcement, Sea King food in 2009 years ago 10 months to achieve the main business income of 34.544 million yuan, net profit of 6.4615 million yuan. But in fact, Sea King Food's asset condition is miserable. The audit report issued by Zhong Lei CPA firm to Hai Wang Food shows that as of October 31, 2009, Sea King food total assets of only 7.8999 million yuan, liabilities as high as 34.7314 million yuan, even if the elimination of 8.8815 million yuan in advance accounts, Sea King food debt is still up to 25.8499 million yuan, the current net assets value of 26.8315 million yuan, in the situation of serious insolvency.  In other words, in this transaction, Sea King biology with 1 million yuan of cash bought the parent company 26.83 million yuan of negative assets. Before that, Hai Wang Group had already staged a round of money play. December 2007, Sea King Biological wholly-owned subsidiary of the Sea Wang Hangzhou company price of 100 million yuan sold to the sea Wang Group. August 2008, Hai Wang Group to Sea King Hangzhou as an asset mortgage, from the Shenzhen SME Credit Guarantee Center Limited to obtain 40 million yuan of working capital loans. At the end of 2008, Hai Wang Group also returned to the Sea King of Hangzhou life. At this time, Sea King biological buy back to Sea King Hangzhou company cost 104 million yuan, sea Wang group in this round-trip transaction net make 4 million yuan.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.