Three Musketeers dispute: Rawdon development big shareholder Eris Wall undertaking 20 years conflict intensification

June 15 10 o'clock in the morning, Rawdon development (600209.　　SH) Chairman Levi walked into the office of Hainan Gold Coast Group Co., Ltd. (hereinafter referred to as the Golden Coast Group) on the 12 floor of the north of Haikou Renmin Road. Prior to this, the company's board of directors were summoned, and the Convenor is Angen.　　He issued a "board statement" on June 3 in the Hainan daily, saying the board would be held on June 15.　　Gold Coast Group is Rawdon development major shareholder, shareholding 32.07%, and Levi through its Hainan Rohen Electromechanical Holdings Gold Coast group 40% of the equity, as chairman of the company, the remaining 60% respectively by Angen (40%), Su Xiaomong (20%) held. In fact, Levi was compromised in the board of the Gold Coast group.　　Three days ago, the compromise was not reached. June 12, Levy in the "Hainan daily" issued a statement said, "I levy is currently Hainan Gold Coast Group Co., Ltd. chairman, the legal representative, the company did not hold a shareholder meeting on June 1, 2009, also did not convene a board meeting." The company denies its authenticity, legality and effectiveness in respect of individual breaches of the legal procedures and the Articles of Association of the company, issuing a notice to the effect that the shareholder's resolution of June 1 has been held and the board notice of June 15.　　Levi's statement, the Lee, Ang, Sue three contradictions for the first time in the sun. At this time, Rawdon development coincides with the market rumors of Beijing Rising Information Technology Co., Ltd. (hereinafter referred to as Beijing Rising) backdoor.　　The market for Lee, Ang, sue three board of Directors unusual concern, that this board will elect the company's new chairman, and will promote Beijing rising into.　　June 12, three people Mihui, Rawdon development stock experienced a large amplitude (7.89%), the same day the price hit the highest point since February 2008 6.15 yuan, up 6.41%. However, the following day, the Gold Coast group did not issue a change of executive notice, Rawdon Development chief Weshehang said: "There is no change in corporate executives."　　Beijing Rising has withdrawn from the unit, according to people familiar with the matter. Everything seems to be back to normal again, but the Chinese capital market adds another case of restructuring failure. However, some people in Hainan securities industry said that things will not be so simple, Lee, Ang, Sue three cracks is not a closed-door meeting can be resolved.　　And these three are rich in many industrial projects, the trend of their relationship will affect Rawdon development.　　1.20 years of conflict intensified 20 years ago, just graduated from the Department of Electrical Engineering, Tongji University three young men, came to Hainan, these three are Levi, Angen, Su Xiaomong. According to the Dayton Development insiders, three people at first according to their own professional open home electrical maintenance façade, repair air-conditioning, television.　　Living conditions are hard, even in the House of others.　　1991 years later, the Hainan real estate bubble began to swell, and three people joined in. According to the insider, three people with the Hainan Development Bank (closed in 1998) and Hainan's well-known investment institutions first investment (listed in 2002, now known as the SeaSouth build letter, 600515.SH) more closely related, and have business dealings. At the same time, the trio have completed primitive capital accumulation in China's worst asset-price bubble. Gold Coast Group was established in 1992.　　Among them, Levi and Angen held 38% of the shareholding respectively, then changed to Levi, Angen respectively hold 40% of the equity, Su Xiaomong hold 20%.　　Came to Hainan tenth years, the Gold Coast Group's subsidiary Rawdon Development listing, the three wealth into geometric speed doubled, but the three-person relationship also began to alienate. Company insiders, after the listing, the three are responsible for their own industry, there is no too much association. Its structure is roughly divided, Levi in Beijing Rawdon Shahe Construction and Development Co., Ltd. and Beijing Rawdon Investment Company, Su Xiaomong in Shanghai, Shanghai Golden Property Development Limited Liability company (hereinafter referred to as Golden Property), and involved in advertising, planning, auction and other fields　　And Angen, who operates the Gold Coast group's Bo ' AO Investment holding company, was acquired by Citic Group and vice chairman of the company. Among the three, Levi's has the largest industrial network, in addition to Beijing's operations, but also in Shanghai and Fujian to carry out business. Levy in Shanghai established in the El Ladder Network Communications Co., Ltd., 2000 injected Rawdon development, 2003 was free transfer to the LT NetComm (h.k.)　　Co.,limited.　　2002, Levi entered the Xiamen Securities and served as Chairman of the board. According to people familiar with the situation, the three strategy is to do their own first, the project will be mature into the listed companies. But in practice, only Levi.　　It is reported that Su Xiaomong originally wanted to inject gold property into the listed companies, and form a report circulated inside, but nothing. Three people have one thing in common, very low-key. Levi and Angen rarely receive media interviews, but Su Xiaomong sometimes appear in front of the media.　　His wife Gao Yiping, a Taiwanese variety show "very male and female" host, became the entertainment circle, she and Su Xiaomong sometimes attended the event by the media attention. While the three low-key and character-related, but also affected by some things. For example, Rawdon Development annual annual report will disclose the initial financing commitment, and the company prepared the merger of Hainan duty-free commodity enterprise project, has not been completed.　　But the actual situation is that Hainan duty-free commodity enterprises have disappeared, the original Rawdon development involved in the project to bring legacy items, such as staff placement problems. Classmate four years and common struggle for 20 years, three people seem to each other as brothers. But when it comes to the three-person relationship, insiders say, "They don't seem intimate, like ordinary colleagues." "Su Xiaomong less to Hainan, Angen, although there is an office building at the Golden Coast Rawdon Hotel in Dayton, he is rarely seen."　　And three of people's career development is uneven. 2009, the 20th year of entrepreneurship, three human contradictions outbreak. Careful people note that Angen June 3, the Board of directors announced that the June 1 regular shareholder meeting, the election "Angen, Su Xiaomong, Levi for the company director."　　Levi ranked third in the sort. And then, on the June 12, LeviPublicly counterattack in a press statement.　　This seems to mean that, during the 9 days of the media debate, the trio may have communicated, but there is no consensus that Levi will be open to contradictions.　　2. Rising backdoor or financial investment market is more concerned about the escalation of the three contradictions, the market spread of the Beijing rising backdoor.　　Some investors believe that Beijing rising backdoor was Levi negative, and thus make three human contradictions. Public data show that last year in the four quarter, Beijing Rising for the first time to buy Rawdon development 628,000 shares, for the company's fourth largest circulating stock shareholders; in the first quarter of this year, Beijing rising further increased to 2.4706 million shares, rose to the first large circulation shareholders, a shareholding ratio of 1.1%.　　This seems to suggest that the move is preparing for backdoor Rawdon development.　　But Beijing rising market director Magang to this be firmly denied, "rising without any borrowed shell listing plan, nor any listing plan."　　Rawdon development of this has not been publicly clarified, but Dong Weshehang to reporters denied rumors, said that Beijing rising just financial investment. Company insiders also said, Lee, Ang, Sue three contradictions and rising backdoor no relationship.　　However, the market is wondering why the rising will look at a company that does not perform well.　　In fact, Beijing rising investment has been biased in favor of subject stocks. Taking stock of the investment history of Beijing Rising, the company was involved in Starfish technology in the three quarter of 2007, holding 1.7582 million shares and selling it all in the first quarter of 2008 years.　　Starfish technology was also backdoor by Gree Group News. Beijing rising Another related company Beijing Rising International Software Co., Ltd. (hereinafter referred to as rising international, according to the Beijing Industrial and commercial registration data, two companies are responsible for Wang Yu) also in the investment market performance. The company bought a home purchase in the two quarter of 2007 (000711.　　SZ) 1.19 million shares, and then disappeared in three quarterly reports. In the next two quarters, rising international entered the Anxin Trust (600816).　　SH), holding 768,600 shares.　　Coincidentally, Beijing rising participation in the above equity investment, are accompanied by a new era of securities figure appeared. Rawdon Development disclosed that the transaction data, June 12, one of the sellers is a new era securities Shenzhen Fuhua all the way sales department, the day sold 2.24 million shares, more close to the Beijing rising held 2.27 million shares.　　And people familiar with the matter, Beijing rising has indeed all shipments.　　Rising in Beijing to participate in Starfish technology, is the new era of securities as Gree Group to acquire Starfish Technology independent financial advisor.　　If it is a new era of securities recommended customers to trade, then Beijing Rising holding Rawdon development is a greater likelihood of financial investment.　　However, Rawdon development insiders believe that the recent contradictions between Li, Ang and Sue are the result of long-term evolution, it is impossible to rise from the incident. 3. The holding of Xiamen Securities in the stock because of the development of the holding of Xiamen Securities 20% Equity, the market has been speculation levy will inject Xiamen securities into Rawdon development.　　But last year, Rawdon's stake in development has been transferred to others. Rawdon Development is the 2001 Xiamen Securities shareholders, the investment of 10 million yuan,Accounted for 20% per cent.　　2002 Levy as chairman of the company so far. August 2006, Beijing Rawdon Investment Co., Ltd. (hereinafter referred to as Rawdon Investment) took over the Xiamen Financial Bureau and the Jinfend Investment Holding Co., Ltd. held all the shares of Xiamen Securities, one by one a major shareholder in Xiamen Securities, shareholding 50%.　　Thus, Li Weicheng is the actual control person of Xiamen Securities.　　However, Rawdon development investment in Xiamen Securities has not been reflected in earnings, the list of investment companies have never appeared in Xiamen Securities. June 29, 2007, Rawdon Development on this issue to clarify the announcement, May 2001, Xiamen Securities reorganization, the company by Chongqing Yu Construction Engineering Co., Ltd. commissioned by the company's name on behalf of its FAW Industrial Corporation held 20% stake, Chongqing Yu Jian and the company and the company's controlling shareholders have no relationship.　　Rawdon Development said the shares had no interest in them, and the business secrets involved were not disclosed.　　In this regard, a CPA believes that the Rawdon development of this violation of the accounting standards of the true, accurate principles. 2009 Xiamen Securities released 2008 Annual report, according to the Securities and Futures Commission Xiamen Regulatory Authority of the supervision and issued [2008]242 "about Xiamen Securities Co., Ltd. to change the holding of 5% of the following shareholders without objection notice", and the company's shareholders meeting resolution and Articles of Association amendment, Jiangsu Huayuan Industrial Group Co., Ltd. Limited by the Rawdon development of shares held by the company's 2.4 million-dollar equity (accounting for 4.8% of total contribution), Shanghai Jie-Jie Investment Co., Ltd. by the Rawdon development of shares limited holdings of the company's 2.35 million equity (accounting for 4.7%), Jianyuan Investment Management (Beijing) Co., Ltd. by the Rawdon development of shares limited holdings of the company 2.25 million Yuan shares Right (total contribution 4.5%), Hainan Ka Wah Real Estate Co., Ltd. by the Rawdon Development shares limited holdings of the company's 2.25 million-dollar equity (total contribution of 4.5%), Shanghai Two Hong Kong decorative Materials City Limited by the Rawdon development of limited holdings of the company's 750,000-dollar equity (total capital contribution of 1.5%).　　The transfer has been reported to the Xiamen Municipal administration of Industry and commerce for approval of changes.　　The above five companies have not taken over Xiamen securities from the so-called Chongqing Construction company, and all are from the Rawdon development hands of the assignee.　　As silent as Xiamen stock Equity, the 2008 Rawdon Development Report, also did not have any disclosure of the share transfer.　　With the completion of the transfer, Levi's Rawdon into the development of Xiamen securities gradually fade. The annual report revealed that the net profit of Xiamen Securities was 56.55 million yuan last year. In 2008 and the first quarter of 2009, the net profit of Rawdon development was lost 40.23 million yuan and 9.81 million yuan respectively. It is puzzling that the Rawdon development with preferential rights has been so generously transferred to the 20% shareholding of Xiamen Securities, which can obtain stable income.