Water Wells Square snow-Tibetan Quartet agreement found in the capital operation emerged

Every reporter Shei Zhenyu from Chengdu a paper has not been disclosed before the Quartet agreement, behind the full Hing is involved in the path of capital operation. In order to meet the "outside marriage" to Diageo's corresponding policy conditions, around 2011, the whole Hing Group (now renamed as Wells Square Group) and Mashi (600779.SH) had to peel off its famous Sichuan Quan Hing Liquor Co., Ltd. (hereinafter referred to as the whole Hing liquor industry). Fresh for the outside world is known, the original group management staff and employees have been indirect shareholding has been "married" to Shanghai Sugar Tobacco (Group) Co., Ltd. (hereinafter referred to as Shanghai sugar) of the whole Hing liquor industry. Up to now, the former Chengdu Gong Hui Investment Consulting Co., Ltd. (hereinafter referred to as Chengdu Gong Hui) still holds a 27% stake in the whole Hing liquor industry. Today, the whole Hing Department's original operation of the whole Hing liquor industry planning to emerge. Recently, Mashi because of the original sale of the whole Hing Liquor 40% stake in the Quartet signed the agreement did not disclose, involved in the letter of the violation by the Sichuan Provincial Bureau of regulatory requirements self-examination and rectification. Reporter noted that this is "snow hidden" quartet agreement, including the whole Hing Department continued to share the whole hing wine industry and the corresponding agreement and content. According to the letter in violation of the situation, yesterday evening, Mashi to the "Daily economic news" Reporter replied that the company in the information disclosure integrity of the GRASP may be due to different understanding of the need for continuous improvement, the information disclosure is not complete, is not intended to conceal. Mashi also said that although the same belongs to the wine industry, but the product structure of the water well square and the whole Hing wine industry, will not constitute competition, and now with the whole Hing liquor trade is declining year.　　Currently considering and seeking to sell the 27% shares of the whole Hing liquor industry owned by Chengdu Hui, is out of "the company's own operation more standardized requirements." Letter in violation was required rectification/October 11, Wells Square announced that the company on October 8 received the Sichuan Securities Regulatory Bureau issued the "Administrative supervision measures decision book." The announcement indicated that, after the Sichuan Certificate and Supervision Bureau verified, the water well square on January 21, 2011 to the Shanghai sugar industry to transfer the whole Hing liquor 40% equity Interest, had on December 23, 2010, with the whole Hing liquor, the whole Hing group and the Shanghai Sugar Industry signed Cooperation Framework Agreement and Cooperation memorandum ("Quartet Agreement"), Agreed that the company in the transfer of the whole Hing liquor industry 40% Equity in technology, staff support and avoid business competition and other obligations. The water Wells Square only announced the issue of equity transfer, did not disclose the Quartet agreement, information disclosure is incomplete. Therefore, the Sichuan Securities Regulatory Bureau requires Wells Square to submit a written report to the Bureau detailing the implementation of the rectification. The letter covered the violation was checked, linked to the water Wells Square to sell the whole hing liquor industry. It is reported that the whole Hing wine industry has been a water well square holding 95% of the subsidiary, engaged in "full hing Daqu" and the whole Hing products production and management. But by the year 2010, in order to facilitate Diageo's further holdings of the group, Mashi had to sell the whole hing liquor industry according to the relevant policy rules. In March, the transfer of the whole Hing liquor industry 55% of the equity to Chengdu Jin Rui Tong Group, the end of the water Wells Square announced that the remaining 40% of the transfer to Shanghai Bright Food Group wholly-owned subsidiary of ShanghaiSugar, thus polishing the whole hing liquor industry equity. January 2011, Water Wells Square announced that the sale of the whole Hing liquor industry 40% of the two sides finally determine the total transfer price of 48 million yuan. And in the agreed time to receive all the transfer, completed the whole hing liquor Business Change registration procedures. Two announcements did not disclose the Quartet agreement behind the transfer of equity. In this respect, Shanghai Oriental Cambridge law firm Securities Lawyer Wu Lijun, Mashi initially did not disclose the Quartet agreement behind the transfer, Wells Square is intended to avoid the impact of further acquisitions of foreign investment.　　In addition, the water Wells Square Self-Examination Bulletin also disclosed the original group management staff and employees through the Chengdu Workers Hui investment in the whole Hing liquor industry 27% of the equity. The capital operation of the whole Hing department/letter draped violation was checked, but also involved in the whole Hing department by the industry Hui shareholding wholly hing liquor industry, the corresponding skills to display capital operation. According to media reports, Chengdu Industrial Hui was founded in November 2010. The purpose of forming the Chengdu Gong Hui is to participate in the whole Hing liquor industry. In the whole Hing Group and Wells Square will be the whole Hing liquor industry part of the transfer of shares to a third party--and the good relationship with the Chengdu Jin Rui Tong Group, in the same belong to the whole Xing Cheng Ying Sheng Investment Holdings Limited (hereinafter referred to as Ying Sheng Investment) loans, with the help of 70.72 million yuan from the Jinrui group to buy the whole hing liquor industry 60% Equity。 It is noteworthy that, in July this year, Mashi announced that the Sichuan provincial business office through Diageo to buy 233 million pounds of Trahk holdings of the company's remaining 47% stake in the Hing Shing Group, Ying-sheng investment from the whole Hing Group withdrew. With the withdrawal is from the original group MBO to the final profit-sheng investment "whole body and retreat" high premium. In that year, surplus Sheng investment to buy the whole Hing group 51% stake in a total of 412.6 million yuan, of which only a self-financing part of the 142.6 million yuan, the other part of the trust debt composition. Recently, there are also insiders believe that Ying Sheng investment or regain full hing wine industry. September 17, when the reporter asked whether the investment of Trahk and Chengdu Workers Hui and the possibility of regaining the whole Hing, Shui Jing Fang Dong Zhang Zongjun told the Daily Economic news reporter, "Gong Hui Investment 27% of the equity is also in accordance with the high price of the market principle in the stripping, After stripping, the company's employees no longer hold any equity interest in the company, focusing on the operation of the water Wells Square in the listed companies. Zhang Zongjun also said that Ying Sheng investment will not participate in the whole Hing liquor industry shareholding and operation. Now, once again, the water wells Square to the quartet's non-disclosure of the agreement, long-term attention to water well Square senior liquor manager Jin pointed out that Mashi did not disclose behind, or do not want to let the market suspicion too much. "My personal guess was that the original senior management team wanted to take this opportunity to regain full prosperity, but then the situation changed." Yesterday, Jin in an interview with the Daily economic news, said that after the transfer to the Shanghai sugar industry, not only changes in the trade situation, and the other side more strong, it has been difficult to "redeem" the whole hing. Jin that the Chengdu Industrial Hui is currently going to quit the whole Hing liquor industry, or is also helpless, but does not exclude the future of the whole Hing Department in the new identity continue to operate in the liquor industry. Wells Square EventRemember 2006, the whole Hing wine industry was established, Wells Square shareholding 95%. All Hing Group owns 5%. In the same year, Diageo launched a Sichuan water well square to acquire a 43% per cent stake in the whole Hing group. In 2008, Giozan held a 6% per cent stake in the whole Hing Group, while the group owned a 39.71% per cent of the Wells Square. In March 2010, Diageo announced a 4% per cent stake in the full Hing group, which will increase its stake to 53%. Become the actual control of Wells Square, which triggers an offer to purchase obligations March 2010, Wells Square transfer of the whole Hing liquor industry 55% of the equity to Chengdu Jin Rui Tong Group. The same year, the whole Hing group will also transfer 5% of the equity to Chengdu Jin Rui Tong. December 2010, Mashi announced the transfer of the whole Hing liquor industry 40% Stake to the Shanghai Sugar Group. January 2011, the Water well square completed the whole hing liquor Business Change registration procedures. Earlier or the same period, Chengdu Workers Hui parity Kim Ruitong held the full hing liquor industry 60% Equity. Shanghai sugar industry from the hands of Chengdu Industrial Hui 27% full hing liquor shares, the corresponding share of the share of 67%. The remaining 33% equity, Chengdu Workers Hui holding 27%, the Hui dynasty Kim Ruitong holding 6%. In July 2011, the SFC accepted Diageo's bid for Mashi. In March 2012, the SFC approved Diageo's bid for a wholly-hing offer. Diageo acquired 47% per cent of the remaining full Hing group in July 2013 and was approved by the Sichuan Business office. Over the same period, the whole Hing group renamed Water Wells Square Group. At present, water well square trade unions are seeking transfer of the 27% wholly Hing liquor shares held by the Chengdu Gong Hui Investment.