Tin Ze information large shareholder holding stock for many years to withdraw related transactions to draw attention

The Securities and Futures Commission March 11 announced that Jiangsu Tianyi Information Industry Co., Ltd. (hereinafter referred to as the Tin Chak Information) IPO application was approved.　　The prospectus shows that the information issued 20 million shares, the issuance of the total share capital reached 80 million shares. According to the prospectus revealed that the tin Ze information is a vehicle to provide remote management information services and supporting hardware and software enterprises, the company's main business covers engineering machinery and road transport and other professional application areas, in the Excavator Vehicle Remote Management Information services in the field of market share is very high.　　From this, we can see that, when the information on the market, will benefit from the current hot spot on the internet concept of things, the future can not be underestimated. According to the information prospectus, the company intends to issue no more than 20 million shares, raise capital of 211.0227 million yuan, to this estimate, the stock price will not be less than 10.55 yuan. According to the P/E valuation method, the 2010 net profit of Tiancheng information is 50.64 million yuan, and its total equity will reach 80 million shares after its issuance.　　Then 2010 annual earnings per share of 0.63 yuan, referring to the current 50 times times the price of the new shares calculation, the tin ze information will reach the price of 31.50 yuan, the actual amount of information on the real financing or up to 630 million of the giant.　　However, in the days before and after the listing of information, and the Sino-Residential investment and trade in Jiangsu Tian Ze first major shareholder of the East China Science and Technology Strange exit, the long-term occupation of the group Occupy listed company funds and other issues, still worthy of investor attention. 7 years of big shareholder's holding stock. The release of the Tin Ze Information prospectus (pre-disclosure), as early as 2001, East China Science and technology has been a stake in Jiangsu Tin Ze (Tian ze information predecessor). June 25, 2001, Jiangsu Tin Ze Natural person shareholders Li Hongzhi, Fang Jianguo, Ji Fung, Yuanping, Chailly will be held in Jiangsu Tin ze 100,000 yuan, 50,000 yuan, 100,000 yuan, 50,000 yuan and 50,000 Yuan capital contribution to the original capital price transfer to East China Science and technology.　　After the transfer of equity, the East China Science and technology investment of 7.35 million yuan, the shareholding ratio of 36.75%, and the Sino-foreign trade tied to the first major shareholder in Jiangsu Tian Ze. July 10, 2003, Jiangsu days Ze original shareholder jersey electronics, Dream, Eugingen, Chowa, Wang Qin, Tian Wei-ping will be held in the part of Jiangsu Tian Ze equity (total 9%), the price of the original contribution to the investment in residential and trade and East China technology.　　After the transfer of equity, East China Science and Technology and residential investment in Jiangsu Tin-Ze Capital contribution is 8.25 million yuan, the shareholding ratio of 41.25%, is still tie major shareholder. December 24, 2004, Jiangsu Tin-Ze through the shareholder resolution, agreed to increase the registered capital of 3.6 million yuan, of which, the East China Science and technology in the form of money to invest 1.485 million yuan, in the investment and trade in money in the form of 1.485 million yuan, Jiangsu salt industry in Jiangsu Tin Ze enjoy the debt capital of 594,000 yuan, Chen the money in the form of 36,000 yuan. The investment in East China Science and Technology and China-residential investments are 9.735 million yuan, the shareholding ratio is 41.25%, Jiangsu Salt Industry and Chen shareholding ratio are 16.5% and 1% respectively.　　May 10, 2005, Jiangsu Tin Ze through the shareholders resolution, because of the original shareholder Wuxi Sino-Residential Investment and Trade Co., Ltd. changed the name of Wuxi Sino-Residential Group Co., Ltd. and change the company's Articles of association; The group will be held in Jiangsu Tin Ze 27.09% Equity shares transferred to Sun Burong 15.38%, Chen 11.71%. On the same day, the Sino-Residential group, respectively, on the transfer of equity and Chen, Sun Burong signed the "Equity transfer agreement", will be held in Jiangsu Tin Ze 15.38% stake to 3.63 million yuan transfer to the Sun Burong, holding the Jiangsu Tin Ze 11.71% stake to 2.764 million yuan to Chen. At this time, East China Science and technology to become the only major shareholder in Jiangsu Tin Ze, holding 41.25%, China-Residential group ranked only in the fourth shareholder, 14.16% shareholding.　　After a few days, May 25, 2005, the Sino-Residential group to 639.40 increase the amount of capital again and East China Science and technology become tie major shareholder. However, the transition took place on August 1, 2007, Jiangsu Tin Ze through the shareholder resolution, agreed that Jiangsu Salt industry will hold its 15.53% stake in Jiangsu Tin Ze Transfer to the Sino-Residential group, 1 yuan per capital transfer price of 1.15 yuan.　　At this point, the Sino-Residential Group Holdings in Jiangsu Tianyi rose to 47.035%, East China Science and technology become the second largest shareholder. Only after a lapse of two months, East China Science and Technology will be held in Jiangsu Tian Ze equity to be transferred. October 30, 2007, East China Science and technology will evaluate the value of 21.5163 million yuan in Jiangsu days Ze shares to 30 million yuan for the transfer to the Sino-Residential group and Chen, of which 16.18% shares transferred to the Sino-Residential group, the transfer price of 15.408 million yuan, 15.33% equity transfer to Chen,　　The transfer price is 14.592 million yuan, the transfer price is 1.39 yuan for each 1 yuan contribution.　　At this point, East China Science and technology completely withdrew the information, the Sino-Residential group to 4,863 500,000 shareholding 81.06% to become the largest shareholder, Sun Burong and Chen tied two or three, the shareholding ratio of 12.89% and 6.05% respectively. IPOs have always been a model of the rich, once the Sky Ze information landing a A-share, then east China Technology held 9.735 million days ze information equity will be immediately worth doubling. According to the price of 50 times multiples of 31.50 yuan, the market value of East China's technology holdings will reach 306.7 million yuan. And this seemingly huge capital premium space, in the East China Science and Technology in October 2007, the transfer of Tin Ze information shares also disappeared. Sun Burong and Chen have become the biggest beneficiaries of the change of equity in the course of a series of equity changes, especially in the process of transforming the Sino-Residential investment trade into the Sino-Residential group.　　After several increases in capital, the group has not only regained the position of the first major shareholder, but also has a share of more than 80%. The current major shareholder still occupies the capital risk of listed companies from March 2008 to July, the information has been divided 3 times to the major shareholder of the group to provide loans to the total of 5.5 million yuan, for the East China Science and Technology equity transfer, the existence of capital occupancy situation,show that there are flaws in the company's internal control system. The prospectus shows that at the end of 2008, the Sino-Residential group occupied the Sky Ze Information fund balance reached 1,669, 400,000 yuan, to the highest level in 2009 has reached 2,969.400,000 Yuan.　　The odd thing is that, around May 2009, the group promptly paid off all its arrears and had no capital in 2010. In this respect, the interpretation of the Tian Ze information prospectus is that although the existence of the company's funds during the reporting period, the occupancy of the Fund does not affect the demand and use of the company's operating funds and does not have a significant adverse impact on the actual operation of the company.　　However, this can not conceal the fact that major shareholders once accounted for, the information is not perfect in the internal control system, still worthy of investor suspicion and vigilance. Another interesting detail is that the former chairman of East China Science and Technology, Zhao Cheng, in the Sky Ze information as a director and paid. and East China Science and technology transfer days ze information equity, just happened in its term of office.