Trendy industrial real control person will change the share transfer profit 29 times times

Trendy Industry (600777.　　SH) The transfer of large shareholder's equity has finally come to an end. New fashion industry May 27 months issued a notice said, the company's largest shareholder Yantai Dongrun Investment Development Co., Ltd. (hereinafter referred to as "Dongrun investment") of the natural person shareholders and the transferee of the transfer of equity Beijing first Thai Investment Co., Ltd. (hereinafter referred to as the first Thai company) or its concerted action and Dongrun investment tripartite signed the　　Acquisition of Yantai Dongrun Investment Development Co., Ltd. Shareholding framework agreement.　　Prior to May 15, trendy industry has disclosed that Dongrun investment shareholders intend to transfer their holdings in the trendy industry, but because Dongrun investment holding 131 million shares of trendy industry, accounting for the company's total equity of 20.9%, this move or will result in the actual control of the new trend of industrial change. The announcement shows that the acquisition of the first Thai company (or its concerted action) to be held by the acquisition of Dongrun company is not less than 75% (including 75%) of the equity, become the Dongrun company's largest shareholder, and eventually have a new trend in the industry's indirect controlling power.　　This transaction to the trendy industrial stock of 7.88 yuan per share as the basis for pricing.　　As a result, the actual control of the company has changed.　　At the same time, trendy industry former shareholder Dongrun Investment as a result of equity transfer profits as much as 800 million yuan also cause investors concern. 29 times times the transfer of equity profits it is understood that April 2008, trendy industry and Dongrun Investment signed the "asset Transfer Agreement", Dongrun investment in the acquisition of NEW international assets,　　Including its own trendy industry 131 million shares and indirectly held 2.4005 million shares of restricted circulation shares, dongrun investment thus become the new fashion industry's largest shareholder. But, to the surprise of investors, the transfer price is only 35.87 million yuan.　　35.87 million acquisition of a total of 133 million shares of the company, equivalent to the purchase price of only 0.269 yuan per share, while the trendy industrial assets per share of 2.14 yuan, the stock market price is more than 6 yuan, the share market value of 700 million yuan.　　The point is that investors can not touch the mind, why New international at such a low price, including the possession of the trendy industry, such as the transfer of assets to Dongrun investment? Reporter noted that the original New international and Dongrun investment relationship is not general. It is understood that New International is Yantai New Village is a collective enterprise. Chang Zonglin Long-term as New party branch secretary, in 1985, he formed New International Company, as chairman, general manager.　　1996, New International Holdings of trendy industry successfully listed, became the first private enterprises listed companies in Shandong Province.　　Dongrun Investment was established in February 2008 with the investment of 33 natural persons led by Chang Zonglin, and most of the 33 were New international executives.　　There is speculation that the company appears to have been set up to New international assets.　　Dongrun investment and trendy industry at that time the major shareholder New International legal representative are Chang Zonglin. In addition, Chang Zonglin and his spouse hold dongrun investment 51.29% Equity, in addition, when the trendy industrial general manager Song Xiangyang, Vice Chairman Li Yaqing are Chang Zonglin son-in-law。　　People in the industry tell, so it seems that such a low transfer price seems to make sense, sell to sell or sell to their own. Dongrun investment in the original Low-cost acquisition of New International, was also suspected by the media for a management buyout, but want to achieve the purpose of management shareholding.　　But it does not seem so now. January 25, 2010, Dongrun Investment bought the new fashion industry 133 million shares officially lifted. After four months, Dongrun's investment began to transfer its holdings. With the transfer price of 7.88 yuan per share, Dongrun Investment holdings of 133 million shares have reached 1.05 billion yuan, is the original 35.87 million transaction Price 29 times times.　　Based on the current transfer to the first Thai company 75% of the equity to calculate, Dongrun investment only to obtain cash has reached 800 million yuan.　　Prior to the death of the actual controller was not reported to be questioned in the media to pay attention to the trendy industrial large shareholder equity transfer, but also found a strange thing.　　A reporter field investigation found that trendy industrial real control people often Zong Lin died last year, and this news trendy industry has not been announced. Trendy industry April 22 released the annual report also showed that its controlling shareholder dongrun Investment legal representative for Chang Zonglin, holding a 51% stake in Dongrun investment.　　2005 to 2008 April, Chang Zonglin Nino International Group chairman, from February 2008 to now, as the chairman of Yantai Dongrun Investment Development Co., Ltd.　　Trendy Industry April 15, 1998 issued a rights issue statement shows that Chang Zonglin is a trendy industrial legal representative.　　Chang Zonglin September 4, 2009 died of illness, died 67 years old.　　However, it is doubtful that trendy industry not only has not announced this important issue to investors, but in the company's 2009 Annual report on the actual control of the owner of the property Control chart, also marked Chang Zonglin holding Dongrun investment 51% Equity indirect control company. "This is supposedly a temporary announcement to be made."　　"Central Law School professor Huang Zhen told reporters. Shanghai New Hope Shanda law firm Song Yixin in an interview with the Securities Daily, said that the actual controller died without disclosure, the matter itself is not a violation, ordinarily to investors will not cause any adverse impact.　　But strangely enough, it is unclear why he did not disclose it. He also pointed out that if the general shareholders, do not disclose also forget. But Chang Zonglin is the company's actual controller, it should be disclosed, but no disclosure can be regarded as dereliction of duty. If disclosed, investors will feel that is a very normal thing, but now the lack of disclosure will make people wonder if there is a problem here?　　Furthermore, members of the Board should be aware of this issue, why not say it in the course of the annual review? Chang Zongli, a trendy industrial director, told the media that Chang Zonglin had indeed died last September because of the issue of shareholder succession, so there was no announcement.　　Only when the Chang Zonglin equity is actually inherited or distributed will the company be announced. But Song Yixin that the issue of stock succession and do not do bulletin disclosure does not exist any relationship,Dong's explanation is far-fetched and strange. Reporters want to learn more about this matter, trendy industrial dong Chang Zongli said no time to interview.