Tung Wah Group of Enterprises 10 related transaction chaos: For the relevant people to lose interest?

Since the Guangdong-Thailand group into the Donghua industry, Donghua industry has been plunged into a huge circle of related transactions. Yang Shuping is the Guangdong and Thailand Group and the actual control of Donghua Industrial, affiliated transactions for the listed companies, although it is a normal thing, but, in 21st century, the network comb Guangdong group in the past 10 years of history found that the related transactions of Donghua industry is far less simple. April 17, 2010, Donghua Corporation announced its shares with subsidiaries of Beijing Donghua Investment Co., Ltd. 100% of the Stake and related party Guangzhou City Kai Group Co., Ltd. control of other related party assets. And the announcement of the city Kai Group Limited control of other related party assets of 7, of which 3 property owners Yang Shuping wife Lin Lina, involved in the associated transaction amount of 38.38 million yuan. However, the 21st century network verified that the ownership of 3 of Lin Lina property, of which two located in Guangzhou Dongfeng East Road, the Eastern Plaza, its 8200 yuan/square meters of the transaction price in 2010 already is quite high price. Even now, the East Plaza office price is only 8000 yuan/square meters to 12000 yuan/square meters, in other words, Donghua Industrial April 2010 Replacement asset prices are significantly higher. At the same time, the associated natural persons involved in the related transactions of Donghua Enterprises also include brother-in-law Lin Hu of Yang Shuping and Yang Shuqu of the vice chairman of Donghua Corporation Chen Shibin and Huang Jinping, and the related transactions of Donghua industry have repeatedly been questioned. The situation of Donghua is already dangerous. The 2013.5 Annual report shows that the net profit of Donghua industry is only 2.7996 million yuan, a significant decrease of 85.34%. Related transactions repeatedly questioned in March 2004, Guangdong and Thailand group officially become the controlling shareholder of Donghua Industrial. Yang Shuping is the actual control person of Guangdong Thai Group, and also the actual control person of Donghua industrial. Yang Shuping in the past 10 years, Donghua Industrial complex, and a number of natural figures. June 18, 2011, Donghua Industrial issued a notice, proposed to invest 10 million yuan to buy Guangzhou Xu Cheng Industrial Development Co., Ltd. 100% Equity, trading party for the associated natural Lin Hu and Chen Shibin, two people holding Xu City company 80% and 20% Equity. According to the relevant evaluation report published by Donghua Industry, as of May 31, 2011, Asahi City Company Total assets book value of 329 million yuan, liabilities 321 million yuan, book net worth of about 7.6 million yuan. and Asahi City Company valuable assets is Guangzhou Donghua West road Project. Donghua West Road Project is located in the south of Yuexiu District Donghua Road, east of Ho Chung Yongsheng West, is the Asahi City Company on August 12, 2009 public auction proceeds. According to public information, the plot after 26 rounds of competition, from the 35.595 million yuan to the price of the bid high to 60.6 million Yuan, Asahi City Company's bid premium over 70%. But no substantial progress has been made in the development of the plot. Asahi City Company was scheduled to launch the project in the second half of 2010, but until now there has been no significant progress. At the same time, thePlot also once on the list of Guangzhou idle block blacklist. Donghua Industrial 2013 years in the report, the reporting period, Donghua Industrial has made Xu East Huaxi Road project construction project planning permit, to confirm Xu East Huaxi Road project's total construction area of 38160.8 square meters, than the original Sui state of the 2002]187 ["Guangzhou state-owned land use rights transfer contract" The agreed total construction area of 48188.5 square meters, the company has on the difference between the saleable area and the contract signed by the parties to negotiate, and the contract to the relevant obligations of the request for compensation, is currently agreed to the specific compensation scheme. It is noteworthy that Lin Hu was born in Xu City company holding shareholder and legal representative, as Yang Shuping wife's brother, Mr. Chen Shibin is currently a shareholder of Asahi City Company, with the vice chairman of Donghua Industrial Yang Shuqu as a relative. Moreover, another affiliated transaction of Donghua industry was also questioned by shareholders. At the end of 2008, Donghua industry took part in the auction of public bidding by the court to obtain the Guangzhou temple right new road commercial and residential building plots at a price of 180 million yuan. June 2009, Donghua Industrial announced that, in order to ease the financial pressure of the company's business development, the company and Guangzhou New Ideas Industrial Development Co., Ltd. cooperation to develop the project. It is reported that the new concept of the company's shareholders Huang Jinping has been chairman of Donghua Yang Shuping and vice Chairman Yang Shuqu of the associated natural persons, Huang Jinping holding 90% of new ideas Company equity. However, joint development has been questioned by shareholders. Donghua Industrial originally took the price of 180 million, and media reports that June 2009 Donghua Industrial took the above land value of more than 300 million, there is a suspicion of conveying benefits to Huang Jinping. Three months later, Donghua Industrial said that due to the company's financial pressure to develop a certain degree of relief, new ideas will be withdrawn from the development of the project, at the same time, Donghua industry will give new ideas to the company appropriate compensation. Donghua Industrial said that the new concept of the company has been invested in the project 102 million yuan, and Donghua industry will be back to new ideas company 110 million yuan, in other words, three months time, new concept company income of more than 7 million. Suspect for wife conveying interests in a number of related transactions with Donghua industrial natural persons, Yang Shuping wife Lin Lina also impressively in the column. April 7, 2010, Donghua Corporation issued the bulletin on the related Transactions of asset replacement with City Kai Group Co., Ltd. The announcement said, April 16, 2010, Donghua Industrial and Guangzhou City Kai Group Co., Ltd. in Guangzhou signed the "asset replacement agreement" Donghua Industrial Holdings of Beijing Donghua Investment Co., Ltd. 90% of the equity, the company 100% The holding subsidiary Jiangmen Donghua Real Estate Development Co., Ltd. has a 10% stake in Beijing Donghua Foundation Investment Co., Ltd. and other related party assets controlled by the affiliated party Guangzhou City Kai Group Limited. According to the announcement, the price of the transaction is based on the net assets of Donghua Foundation as at March 31, 2010, the total transaction price is RMB 273 million, Guangzhou City Kai Group Co., Ltd. under the control of other related party assets and theThe company makes a replacement, and the excess part is replenished in cash. Beijing Donghua Foundation Investment Co., Ltd. was established in May 29, 2003, the registered capital of 250 million yuan, the company registered address: Beijing Chaoyang District ya Cheng three li 5th building bottom 205 Room, the legal representative for Yang Shuqu, for the Yang Shuping brothers. The assets of this transaction are related to other affiliated party assets under the control of Guangzhou City Kai Group Co., Ltd. According to the announcement, there are 7 properties. These 7 properties include the owner of the Huang Jinping held Haizhu District Jiangnan Avenue South 881, No. 889, the second floor, a total of 3171.70 square meters, the evaluation unit price of 6300 yuan/square meters, evaluation value of 19.98 million yuan. In addition, the ownership of Lin Lina held by the Haizhu District Nan Zhou Road 54, 60, 68, 76th, the second floor, building area of 3178.94 square meters, the unit price of 9100 yuan/square meters, evaluation value of 28.07 million yuan. The owner of the Guangdong House Lin Lina hold c6365947-52 No. No. 836 East Dongfeng Road, Yuexiu District, three 1801-1806 rooms, a total of 675.11 square meters, the unit price of 8200 yuan/square meters, the evaluation value of 5.54 million yuan. The owner of Lin Lina holds the Guangdong House of c6365953-57 No. No. 836 East Dongfeng East Road, four 1801-1805 rooms, the area of 581.59 square meters, the unit price of 8200 yuan/square meters, the evaluation value of 4.77 million yuan. 7 property in the other two properties for Guangzhou Xinhua Hui Chang Real Estate Development Co., Ltd. is located in the northern part of the government of Tianhe District district (Days Yu Vista) The second floor and the six-storey property, respectively, 26.8 million yuan and 16.89 million yuan. The 7th property for Guangzhou City Kai Group Co., Ltd. Yuexiu District Gold North Road Heng Wah Pavilion 302, 306, 308 rooms, an area of 594.25 square meters, the unit price of 8050 yuan/square meters, evaluation value of 4.8 million yuan. But the strange is, these 7 property ownership, Huang Jinping and Lin Lina are natural persons, why can the real estate to be placed into the listed companies Donghua industrial? Donghua Industrial said in the announcement: "The above property rights are still in some of the relevant natural persons under the name, in fact, Guangzhou City Kai Group Limited controlled assets, but did not formally complete the transfer procedures." "And according to the law, the ownership of the house is all rights, including the sale, gift, mortgage, inheritance and other people have rights." It is doubtful that the equity of Donghua Enterprises is to be placed in the assets held by these natural persons. At the same time, in 21st century, the net found that the value of the property appraised by Donghua industrial Lin Lina to 38.38 million yuan. Lin Lina is not someone else, is the Guangdong Thai group and Donghua Industrial real control of Yang Shuping's wife. 21st Century Network survey found that even now, the East Plaza office price is only 8000 yuan/square meters to 12000 yuan/square meters. According to a Guangzhou real estate intermediary, its August 2013 just sold a single more than 100 flat writing room, the transaction price of 8000 yuan/square meters, the writing room is located in the east of the square 7 floor. WithWhen, 21st century net saw, a large-scale real estate website shows, March 2011, the average price of East June Square is also only 6600 yuan/square meter. And why 2010 Lin Lina can be 8200 yuan/square meters of prices sold to Donghua industrial? And, Lin Lina's selling point is very accurate. 2010, the state began to increase regulation of the real estate market. January 10, 2010, the State Council issued "on the promotion of stable and healthy development of the real estate market notice"; April 14, 2010, the State Council executive meeting requested that for the purchase of the first set of housing and a set of building area of 90 square meters above the family, the first payment ratio of loans shall not be less than 30%. For families with loans to buy a second home, the first payment of loans shall not be less than 50%, and the loan interest rate shall not be less than 1.1 times times the benchmark rate; April 17, 2010, the State Council requested for the existence of land idle and speculation in the conduct of real estate development enterprises, commercial banks may not issue new development projects Loans Refinancing and major asset reorganization. A series of regulatory policies, April 2010 has become the annual price from rise to fall of the inflection point, and Lin Lina can sell in April 2010 real estate assets to Donghua Industrial, its decision-making is clearly very accurate. and the sale of real estate to Donghua Industrial natural person Huang Jinping is not outsiders, in the notice of Donghua industry, Huang Jinping has been described as "the company's chairman Yang Shuping and vice chairman of the Yang Shuqu of the associated natural person."