The third major shareholder sends a letter to protest the reorganization process of changed group
Source: Internet
Author: User
October 9, Fujian Real Tatsu Group Co., Ltd. (600734. SH, hereinafter referred to as "Fidelity Group", sixth session of the 35th Provisional Board of directors to dismiss Chen Tin Chairman and President of the Office, but the "coup" inside the secret is still heavy fog. On the evening of 13th, the third largest shareholder of the group, Beijing Zhongxing Hongji Technology Co., Ltd. sent a statement to the Fidelity Group, saying that the first major shareholder, Beijing Ang Exhibition Property Limited, unilaterally proposed that the board of Directors of the group to remove Chen Tin, "completely absurd", the procedure is clearly in violation of the articles "Chen Tin in the restructuring start-up time with the major shareholders are divided, if he can start a month or two ahead of the reorganization, it passed." "On the morning of 13th, Shong, the new chairman of the group, said to the first financial daily. As for whether the reorganization continues, Shong says the new team will need time to prepare. Dong Richthoff said, will be determined to restructure the direction of the same, specific plans whether there are changes, "it is worth exploring." Chen Tin unfairness Chen Tin was deposed, due to the three "counts" listed by the Board of Directors of the group--as Chairman and president, lack of good and effective communication with the main shareholders of the company; During the term of office not in the company headquarters, many times because of private abroad, failed to put the main energy and time on their own work, did not fully fulfill the company's management responsibilities Cannot actively coordinate and promote the reorganization process, resulting in the suspension of reorganization. For this meeting, Chen Tin insisted that there are obvious flaws in the procedure, and listed three "guilt", is also "false". Chen Tin to this newspaper reporter recalls, September 29, is in New Zealand visiting relatives he suddenly received Richthoff telephone said that received the relevant motion, the motion proposed to convene on October 5 Provisional Board of directors, including the dismissal of chairman, President, CEO and the appointment of Chairman, President and other 5 issues. "I got a call that was very sudden because I didn't know anything about it before." "It is irresponsible of me to put the blame for the suspension of the reorganization on my head." "Chen Tin also told our correspondent that the group started the share-splitting reform in 2007, completed in December 2008, started the reorganization process in early 2009, passed the board plan in late February 2010, until the August announced the waiver of restructuring, and never stopped. Why give up the reorganization? Chen Tin admits that at that time all examining documents and various intermediary agencies audit work has been completed, but the macro-control policy on real estate assets injected by the negative, so forced to suspend the restructuring process. Even the announcement of a waiver of the reorganization still suggests that the right time will continue to push for restructuring. "And the policy side after August, Chen Tin that more tightening." "Theoretically, according to the regulations, even if the reorganization work to resume again, the fastest will be 3 months, that is, from November to December, before the possibility of initiating a reorganization." "For the second" crime, Chen Tin defended that he is a New Zealand citizen, every year 51, National Day and other big leave to visit new relatives, a year visit 1~3, each visit 1-2 weeks, "not because of private abroad." For the second largest shareholder, Fujian provinceElectronic information group support to dismiss him, Chen Tin also expressed puzzled. According to his recollection, he and the group are only on the issue of peeling off peripherals, there are some differences, demand fair valuation. The reorganization process of the variables for Chen Tin, 13th morning, the company's current chairman Shong and Dong Secretary Richthoff also each tell their views. "Chen Tin in the restructuring start-up time and major shareholders are divided, if he can start a month or two ahead of the reorganization, will be passed, will not be forced to call a halt." "13th morning, Shong to our correspondent. He also disclosed that in the reorganization time cooperation, the domestic securities broker, intermediary organization and other directors have the opinion to the Chen Tin. "Reorganization is the first strategy, what does restructuring failure mean to the chairman of the firm?" "When it comes to procedural flaws, Shong believes that the group has been served by e-mail, Chen Tin know the contents of the notice, and has been to the meeting," The law is in fact known, the resolution is valid, and then entangled in details meaningless. "When I take office, I understand the situation before I come back to the board for a strategic reorganization plan." Shong that, "the bow does not turn back arrow, to achieve this level, the group has no choice." If the reorganization is not successful, I am under great pressure. There are no restart schedules. "Dong Richthoff thinks, in the reorganization time, the big shareholder Beijing Ang Exhibition originally wanted to start earlier, Chen Tin with it in the communication has the disagreement, late to this February only then starts, has missed the policy face relaxed time, causes the reorganization to abandon." 13th night, the real Tatsu Group's third largest shareholder, Chen Tin chairman of Beijing Zhongxing Hongji Technology Co., Ltd. to the Fidelity Group issued a statement on the same day, the company also sent a letter to the Fidelity Group, called for a reconvened board meeting to consider the relevant issues. Chen Tin told reporters that after the letter of attorney issued, if the group is still indifferent, he will bring a lawsuit to the court. But this does not seem to be the fear of the group. 13th, Shong told reporters: "Even if the court decided the resolution of the meeting is invalid, the board reconvene or the result." "If ZTE is withdrawn from restructuring, will the reorganization process be suspended?" In this respect, the secretary said in an interview with reporters, because the last reorganization has failed, such as the injection of 20% of the share of ZTE and Sun Hung Kai to withdraw from the reorganization, the future of the group will restart the reorganization of the restructuring would also be a new charge, "restructuring direction is unchanged, but the plan is ”
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