The Supreme Court of the SST in China textile dispute or 300 acres of land
Source: Internet
Author: User
KeywordsEquity transfer Agreement China Textile Supreme Court arraignment
Every reporter Satsu Airlines from Shanghai, a huge decline in revenue and profits of the listed companies, a 3-year struggle, around the SST of the equity dispute has been a game for several rounds. But analysts say the interests of both sides of the fray may not be in the main business of the listed company, but aim at its 300 acres of land in the urban area of Shanghai. SST (600610,SH) "big-headed" Pacific Electromechanical (Group) Co., Ltd. (hereinafter referred to as Pacific Group) and "two-headed" Jiangsu High-tech Venture Capital Co., Ltd. (hereinafter referred to as the "NTU") between the battle has become fire and fire. Pacific Group 25th to the "Daily economic news" reporter confirmed that the Supreme People's Court has received the civil adjudication, in response to the previous two companies on the transfer of related shares of disputes, the Supreme People's Court decided to arraignment and suspend the implementation of the previous sentence. And this has been a struggle for 3 years. 3 company to deal with equity transfer "The Pacific Group is taking steps to secure the remaining 72 million per cent." "SST China textile dong Secret Cheng said." The ruling of the Supreme People's Court may be the last period of confusion before the dawning of the SST. "We were informed by the Supreme Court in mid-June. "The Supreme Court provided by the Pacific Group (2007) The 第237-2号 of the civil verdict" shows that this is a retrial for the applicant, which is not satisfied with the civil judgment made by Shanghai High People's Court in December 2007, and applies to the Supreme Court for retrial. All this began with a 3-party agreement between the Pacific Group, the South High division and the Saideqing. According to the SST in June 30, 2006, the disclosure of shareholder movements revealed that the Pacific Group and the first major shareholder------------------------------------------------ Proposed by the High division, Saideqing, respectively holding the SST 29%, 9% Equity. According to the agreement, the Pacific group only to the south of the High division and the race deqing to pay 25.95 million yuan, 8.05 million yuan, you can take over the SST 38% shares, the former only holding the SST in 14.91% of the "2 head" identity leaped into the holding of SST in the "head of the 52.91%".
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