Western mining turmoil: Dark War 192 million stock rights of workers ' shares were manipulated

In the May 2014, the former workers ' shareholders in the western mining industry were waiting for more news. As of last February, when they lodged a complaint with the central authorities, the department once gave the activist shareholders a two-month commitment to reply, and the response time is now up. However, these activist shareholders did not wait for a clear response, but waited for another news, Qinghai Provincial party committee, Xining party committee secretary Mao was announced to accept the organization investigation. As early as February 17, there are people posted on the Internet: "Strongly request the former Chairman of the Western Mining industry (now Qinghai Province, Xining party committee secretary) to clarify the shares of workers that year!" , Western mining workers shareholder rights officially from outside, and began to be still a high weight of Mao implicated in. The same day, in the internal rights did not get the company's high-level response, the Western Mining Xitieshan branch of the staff shareholders spontaneous rally, elected representatives to the Xitieshan local government to submit a petition. In addition, according to the Western Mining workers shareholder rights representative revealed that Qinghai Xining, Hubei Xiangyang City Laohekou and other areas of the employee shareholders have also taken action to safeguard the rights. February 19, Qinghai News Network released the title of "Workers to the West Mining group: ' As soon as possible through this snag, we are full of confidence in the future of the Enterprise '" news report, said that the employee's interest claims, the company's leadership also on the improper disposal of staff to make an apology, Provincial SASAC's relevant leadership is working with the head of the enterprise, to do a good job in dealing with the solution and related policy questions and answers. It is reported that among the 77 middle-level and above cadres of the Western Mining group, in addition to those who have been away or retired from the field, a total of 62 persons have taken the lead in signing the disposal agreement and giving priority to the payment of ordinary employees. By the evening of 18th, the Western Mining group had honoured a sum of 57.25 million dollars and 322 persons had received payment. A week later, Western Mining group held the middle-level cadres meeting, provincial Committee Standing Committee, deputy governor, provincial Sasac party secretary, director Jun Yulin attended and made a speech. Jun Yulin pointed out that the Western mining group's workers ' interests have a long-standing problem, in the provincial Sasac's supervision and related departments, the problem is basically solved. Western Mining group should seriously reflect and sum up the problems exposed by this incident, combined with the opinions and suggestions of the workers in the mass line education practice, find out the weak link in the management of the company and rectify the problem. How did this protracted western mining workers ' stock turmoil happen, because it caused Mao to be investigated? Has it completely subsided now? Western mining workers and employees in the past July 2004, the Western Mining group 3,292 employees, the spirit of "staff voluntary, self-financing, equality of opportunity" principle, through the Western Mining Group trade union entrusted to the trust of Warburg Trust holding the way, according to the price of 3 yuan per share, To 96.15 million yuan by the Western Mining group held in western mining 32.05 million shares. Prior to the Western mining issue and listing, the trust ownership was cleared by policy restrictions. September 1, 2006, Wah Po Trust and the Western Mining group signed the "Equity transfer Agreement", Warburg TrustAgreed to hold all of its 10% of the company's shares to a total of 32.05 million shares transferred to the Western Mining group, the transfer price equivalent to 8.69 yuan per share. So far, the Western mining prospectus has vowed to claim that the Western Mining group's trade unions and shareholders are no longer holding shares in the company. But this is not the case, the Western mining industry on the Western Mining group trade unions and shareholders no longer hold the company's shares is more like a lie, in the sponsorship agency UBS Securities (sponsor representative for Li Honggui, Ding) tacit cooperation with the fraud, including the China Securities Regulatory Commission, the Commission and all the people. Western Mining Group, some of the staff commissioned the meeting preparatory on December 23, 2013 issued the "Western Mineral Industry Group Co., Ltd., some of the staff entrusted to invest in the disposal of the project (discussion draft), October 2006, the group commissioned by the Union of Natural persons Li Yingui, Yang Jiankun (are holding staff), Set up Huangzhong Trading Co., Ltd. (later renamed Qinghai Lee Group Trading Co., Ltd.) (hereinafter called Qinghai Group), the transfer of the Western Mining Workers ' Unit through bank loans to the third largest shareholder in western Mining, Shanghai Anchan Industrial Co., Ltd. (hereinafter referred to as Shanghai), Shanghai Security has announced that the group of trade unions in the Western mining market in the first year, can be in accordance with the original price of the Western mining industry, the same shares of priority, the 32.05 million shares held by workers and shareholders after a large proportion of the 2007 change to 192.3 million shares. In a sense, after the Western mining market, the Western mining workers shareholders should not enjoy equity dividends, but in 2007 after the magic has been received from the Western mining dividends. According to the representative of workers ' rights activist, 2007, since the listing in 2007 to the Western mining industry every 10 shares sent 3 yuan cash dividends, 2008 dividends for every 10 shares 1 yuan, 2009 and received 10 shares per 1 yuan dividend, but since the 2010, employee shareholders have not been to the Western mining dividend. If the rights and interests of workers shareholder representative said true, according to the 192.3 million shares of the total share capital of employees, 2007-2009 consecutive three years to enjoy 96.15 million yuan of cash dividends, has been suspected to constitute the listed companies Western mining other shareholders legitimate rights and wrongs of the illegal occupation. However, the legendary story of the fate of mining workers in the west is not over. July 15, 2008, Shanghai Anchan held a circulation of shares lifted. Shanghai Ann has not yet to the West mining group trade unions at the original price of 192.3 million shares of Western Mining, Western mining group trade unions in accordance with the State Council SASAC 2008 139th Document Spirit, in order to achieve long-term share of employee shareholding enterprise Development results and finally realize the direct listing of employee stock circulation, etc. The Union of Western Mining group will be held by the employees of Shanghai Ann still declared the right of choice, replaced by the Western Mining group 28.6% of the stake, while inheriting the Western mining group 343.2 million yuan of debt. Figure: Western Mining Group Co., Ltd. the disposal plan of the employee unit the above stock exchange arrangement is not in common sense. If the Western Mining group trade union chooses to repurchase the same number at the original priceAmount of Western mining equity, then, the Western mining workers shares directly in the circulation of the purpose can be realized, why should the free flow of the Western mining stock to replace the SE years can be listed in the circulation of Western mining group shares? At the same time, the Western mining workers shareholders have to bear the 342 million yuan debt, equivalent to 1.78 yuan per share. "278 million yuan of the employee share repurchase funds entrusted to the Qinghai group to borrow money to Shanghai Ann Shang, did not go through the general meeting of shareholders to vote, lending period and interest rate no one told us, today, no one knows whether Shanghai Ann still put this huge loan return. Western mining workers have been replaced by 28.6% of Western mining group shares, while bearing the group of more than three billion of debt. None of us had any prior knowledge of this, and none of the group leaders gave us any explanation. "Western Mining Xitieshan branch of the workers and shareholders of a representative of the rights of the telephone in frustration to the 21st century network to express their shares in the Western mining workers so tortuous transformation of puzzled and confused." It is because the Western mining workers stock rights are manipulated, the rights of workers shareholders in the future strong dissatisfaction with the seeds of this buried. A picture review: Western mining structure Long-term advocacy turmoil at the end of 2011, due to difficulties in life, part of the retired and in-service workers asked the western mining industry to solve the problem, the company's top commitment to resolve before June 30, 2012. In June 2012, when some employees asked to solve the problem of employee shares, a company's top executives said that the employees ' shares were illegal, not listed, and said they had been sold in 2008 when the stock market was in the doldrums. At the scene of the strong demands of workers, promised to resolve at the end of the year, but still unresolved. June 2013, in the face of the request to solve the problem of employee shares, the company's top leaders claimed that he could not resolve the issue, and thus led to the rights of workers shareholders. June 5, spontaneous rights workers shareholders to the Qinghai provincial government petition, Qinghai provincial government leaders convened a meeting to ensure the end of the settlement. November 24, workers to Western mining demand to solve the problem, the company's top management again said the matter is very complex, can not solve. On the morning of November 25, the workers again to the provincial government petition, was explosion-proof police disperse, and take away 8 rights workers shareholder. In the January 2014, the workers ' rights of shareholders finally appeared substantial progress. In late January, workers to the Western mining rights, the company first committed to the average price of nearly 20 days, that is, 5.76 yuan per share and deduct the corresponding income tax after the payment of withdrawal, then the Western Mining workers signed withdrawal agreement, promised funds in the signing of the agreement after 5 workdays to the staff account, Western Mining lawyers witness the scene and take photos. January 27, has signed the agreement of the staff found that the money is not in place, workers again gathered for the argument, the company leaders denied and employees signed an agreement, said that the relevant agreement is not legal. To this point, the Western mining workers ' rights to defend the activities of the overall upgrade, evolved into an unexpected strong storm. January 28, the Western mining Xitieshan Concentrator Staff all discontinued, Xining City staff hundreds of people spontaneously gathered inWestern mining four-floor conference room, asked the company to give explanations and Sapars to deal with the problem. On the same day, Hubei Laohekou several workers to petition Beijing, vehicles to Xiangyang, Hubei police intercepted. During this period, Hubei Laohekou, Huidong Mining and other areas of the workers also rushed to Xining to participate in rights. January 30 6 o'clock in the afternoon, the former Western Mining party secretary Sun Yonggui and Western Mining group, Western Mining Chairman Wanghaitao, together with a deputy director of Sasac, Chengxi District Wei, a deputy secretary, and other government officials in the Company conference room to convey the instructions of the provincial governments, a total of four points: 1, the Western mining workers are illegal fund-raising 2, the employee stock and the debt is one, indivisible, therefore must undertake 343.2 million yuan debt; 3, the Xitieshan strike stop production, belongs to disturb the economic order, the staff gathers the West Mine office to endanger the social stability seriously, 4, requests the Western mining high level to solve the employee stock problem as soon as possible. Western Mining and local government's high-pressure situation has not achieved the expected results, the workers and employees of the rights of shareholders on the internet posted a public protest, "since it is illegal to raise money, why no one was punished by law?" No one is responsible for illegal fund-raising? Since the shares and debt is one, why should the workers and employees in the sale of forced stripping, leaving the debt to employees to bear? When the workers buy shares also bought the debt, selling shares when the debt is left, is really the world's big, wonders! "21st century Network survey found that, as early as January 4, 2011, the National People's Court has promulgated the" Criminal cases of illegal financing of the specific application of the law of the interpretation of several issues, clearly not to the public publicity, in relatives or units within the unit to attract funds for specific objects, The illegal absorption or disguise of public deposits which are not part of the provisions of the penal law. April 24, the disposal of illegal fund-raising joint Meeting held a press conference, the Supreme People's Court three court vice President Luo Guoliang in response to the relevant questions made clear, not to the public publicity, but in relatives or units within the target to attract funds for specific objects. This kind of situation, because the fund-raising object has the specific sex, limits in the family circle or the unit internal personnel and so on limited scope, is not "the social public", therefore does not conform to the illegal fund-raising social characteristic. Although the employee shareholders do not agree with the nature of the illegal fund-raising and the debts of the employees and workers, the Western mining industry has forcibly launched the disposal plan of the Workers ' Unit of the Western Mining Group Co., Ltd. (hereinafter referred to as the disposal plan of the Employees ' unit) in strict accordance with the local government. February 13, 2014, the Western Mining Group party committee, Western Mining Group, Western Mining group trade unions issued a joint Staff disposal plan, the General Staff transfer of equity, to 5.76 Yuan shares (pre-tax) as the benchmark: deduct per share of the group of companies on the Western Mining group 3. 43.2 billion yuan debt, the price is 3.975 yuan stock; Deduct the individual income tax (tax rate ⒛%) which the employee shares transfers to pay, the final meeting price is 3.18 yuan stock (after-tax); middle-level managers must raise awareness, unity, talk politics, talk about the overall situation, take the lead in examples,Repaying price is 3 Yuan shares (after-tax). After the release of the above plan, further aroused the strong rally of public opinion of employees. On the afternoon of February 13, Due to dissatisfaction with the top leadership of the 3.18 yuan per share pricing scheme, Western Mining Xitieshan Branch employees of the company's shareholders spontaneously rights, elected 32 staff representatives, in the branch office building four-storey conference room meeting, employee shareholders voluntarily in the rights of the book signed and fingerprint, the end of the 3 representatives to Xining Head office, the Xitieshan area of the 627 staff shareholders about a total of 90% of shareholders are involved in joint advocacy activities. February 17, in the Western Mining company to submit the rights of the book 2 days without any reply, Xitieshan branch shareholders spontaneously organized, elected shareholders representative to the Xitieshan local government submitted a petition, by the local government level to declare to the provincial party secretary Huining and Governor Shangpeng, implore the people's Government to make decisions. So, the Western mining workers shareholder petition to the local government scene finally repeats itself. On the same day around 8 o'clock in the evening, Xitieshan branch three rights workers shareholder representatives by the Grand Chai Danxing Committee of the Public Security Bureau on suspicion of incitement, planning unlawful assembly, procession, demonstrations summoned to Xitieshan police station. From then until the night of February 18, Xitieshan branch staff shareholders strongly requested the release of three representatives. At about 9 o'clock that night, three deputies were detained in administrative detention at Tai Chai Dan Detention centre. A representative of activist shareholders who had been summoned by local public security and held administrative detention said to reporters, "Xitieshan branch and the town government is very close, everyone lined up from the branch office building to the road opposite the town government door also hundred meters away." After arriving at the town government, the mayor asked us to send representatives in, the others withdrew, and the petition team stayed in the town for only a few minutes. In the evening, the police station called me to the past, do not want to go after there is no way back. "From February 19 to 20th, Xitieshan Branch employees and shareholders in the unwilling to let three representatives no longer suffer a little more crime of the guiding ideology agreed to sign." When agreed to 3.18 Yuan signed more than half, under the efforts of branch leaders, three delegates suspended administrative detention, on 20th night to return to Xitieshan branch. At this point, the protracted western mining workers shareholder rights in the unwilling and resentful atmosphere of the difficult to fall behind the curtain. Although the Western mining workers shareholder rights crisis has been calm for a long while, but a public comment on the internet by an activist shareholder is fresh and vivid, "if the ' relevant party ' or ' relevant interest community ' is not properly, legitimately, openly transparent, and in the case of a third party audit, the employees ' shareholders will be clarified, To give you an acceptable treatment results, I believe this fact is difficult to calm down, until the higher levels of national law enforcement agencies intervene, then God's God, Caesar's also after Caesar, dust to dust, soil to soil, all the parties should go into the will not run up her mind. "April 24 Night, CCDI supervision website announced the Standing Committee of Qinghai Provincial Committee, Xining party committee secretary, the former Western mining and Western Mining group chairman Mao suspected of serious violations of discipline, to accept the organization investigation." It is very frustrating that all this isDoes the activist shareholder have the foresight or is the eye of the heavens?