Who swallowed the Hongsheng technology: Longchang family civil strife has been decided

In a twinkling, the Longchang family's civil strife seems to have settled.　　On the last day of 2009, St Hongsheng (600817.SH) The third meeting of the provisional shareholders passed a resolution, the large shareholder Shanghai Hong Pu Industrial Investment Co., Ltd. (hereinafter referred to as "Acer Industrial") nominated two directors and two independent directors, all stationed in St Hongsheng board. The previous day, St chairman Hussec announced his resignation.　　9 days later, the listed company executive Vice president and Dong Wu Chonglin was dismissed.　　As the actual control of Acer industry at present, Dragon's wife Zeng successfully control St Hongsheng. February 9, Acer Industry held St 35.51 million shares will be at the Beijing Asia Hotel two-storey conference hall auction.　　The above equity accounted for St Hongsheng Total capital of 27.59%, once easy to master, Acer industry will be from the listed company's largest shareholder abdication. and St Hongsheng 2008 years per share of the huge deficit of 21.86 Yuan is the major shareholder Acer industrial assets are huge.　　The reporter understands that, Acer industry sits on Everbright Bank 149 million shares, Everbright Securities (601788.SH) 12 million shares, as well as A30 Expressway 30% Equity, Shanghai St Hongsheng Huaxia Bank Building, 36-39 floors and many other assets, in addition to local commercial banks equity investment. and Longchang and his family in 1998 to set up a force Czech investment restructuring St Hong Sheng, the predecessor of Shanghai Liang Wah Industrial Co., Ltd., Acer Industry's holding shareholder force Czech investment in the registered capital of 100 million yuan, the Department of false capital and personal loans raised, compared to 10 years after Acer Industrial and St Hongsheng of the Ice fire, it is St Hongsheng "　　Trade chain "The whereabouts of the funds to create doubt."　　Acer industrial assets from the bottom of the comparison St Hongsheng rubble, Acer Industrial is more like a gold mine.　　July 3, 2008, St Hong Sheng has issued a notice that the company has received the China international Economic and Trade Arbitration Commission DX20080255, "Settlement agreement dispute Arbitration notice", Acer Industrial assets began to show the tip of the iceberg.　　According to the Chinese export Credit insurance Company (hereinafter referred to as "CITIC Insurance") of the arbitration request, its request to the Acer industry held Everbright Bank 149 million shares, as a debt settlement, while requiring the applicant "immediately on the 36-39 floor of Huaxia Bank building to complete the relevant mortgage registration procedures."　　Everbright Bank 2008 Annual report showed that Citic Insurance has been given the above equity, and 149 million of the shareholding, ranked Everbright Bank's 7th largest shareholder. "These shares have been transferred, but because Everbright Bank is not listed, the specific amount of compensation for the debt owed to CITIC, has not been determined."　　People familiar with the matter told our correspondent. Everbright Securities prospectus shows that Acer Industrial Holdings Everbright Securities 12 million shares, accounting for its total equity of 0.41%.　　Everbright Securities February 2 The closing price of 25.58 yuan calculation, the above equity value of more than 300 million yuan. In addition, Acer Industries also holds two properties. of which, Huaxia Bank building 36-39The floor is the tallest four floors of the building, with 1400 square meters per floor and 30,000 yuan per square metre, the total value will reach 168 million yuan. Acer Industrial, another property, is from the listed companies to replace the 7000 square meters of friend mansion Real estate, the current value of more than 140 million yuan.　　[Page] However, this part of the property is clearly like the Longchang period, the large shareholder of the public company's plunder.　　2000, Hongsheng Technology and Acer International Holdings Limited (hereinafter referred to as Acer International) signed an asset replacement agreement, to the friend mansion in the 7045.45 square meters and Acer International has the Acer International Development (Shanghai) Limited (hereinafter called Acer Development) 70% of the equity exchange, 70.3992 million yuan.　　Acer development of the registered capital of the United States dollar 10 million yuan, was originally established by the Long Queues Group Co., Ltd., in July 2000, the Dragon Group will hold 100% of the equity transfer to Acer International. But according to Acer development of the Asset appraisal report, its fixed assets of only 41,800 yuan, under construction project book value of 28,000 yuan, the equipment book value of 13800 Yuan.　　And its carrying assets is more than 200 million yuan.　　A few years later, Longchang "trade chain", a large number of overseas accounts receivable into bad debts. In addition, Acer Industrial also owns the Shanghai Jiao Huan Road of the A30 Highway 30% stake.　　Rough calculation, Acer industrial assets, the peak period of assets should be more than 1 billion yuan.　　In the Longchang family 10 years ago, when the reorganization of Liang Wah Industrial, its capital platform for the Czech Republic investment in the registered capital, is still in the name of personal borrowing, and suspected of flight from registered capital. According to the statement made by Longchang on June 3, 2009 in court, when the company registers, Longchang borrows 50 million yuan in personal name and adopts the method of duplicate recording to obtain the registered capital of 100 million yuan. After the establishment of the company immediately took away 15 million yuan.　　This constitutes the false contribution and the crime of withdrawing funds.　　and Acer industry only St Hongsheng only an industrial platform, how to build a huge investment system, is obviously a question. "Longchang ' Trade chain", some of the funds are likely to flow overseas, and turned to Acer Industrial. According to Longchang's idea, once Everbright Bank and Everbright Securities listed, its investment income can completely cover the money owed to Citic. But did not expect to encounter 2008 years of financial crisis, the new stock market suspension, resulting in his layout out of control, the final incident.　　Said the person familiar with the matter. However, a former St senior executive told reporters, "Longchang is located in the Overseas Distributor Company, the money has lost."　　"[Page] St Hongsheng February 9, 2010, Acer Industry held St Hongsheng 33.59 million shares and 1.92 million shares of circulating shares will embark on the auction."　　The auction is dominated by China Yuanda Group Limited Liability Company (hereinafter referred to as "broad Group"). Because St has not paid the L/C of the purchase contract to Yuanda GroupAnd the full agency fee amounted to 29.39 million U.S. dollars, China's ambitious request St macro Sheng industry to fulfill the corresponding repayment obligations.　　According to the judgment of the Supreme People's Court on August 13, 2009, Broad group has the right to St the quality of Acer's industry, and "has the right to pay a discount on the quality of the stocks mentioned above or to give priority to the price of the auction or sale."　　In addition, St Hongsheng still owed 245 million U.S. dollars, although the two sides have a debt reconciliation framework, but in addition to Acer Industrial Holdings Everbright Bank 149 million shares transferred to Citic Insurance, the rest has not been implemented.　　and St Hong Sheng Direct Bank debt, only 15 million yuan to Shanghai bank loans.　　With Hussec, ST's restructuring path will turn. "Hussec was originally the company in order to reorganize the introduction, but in this process, he and the big shareholder's idea is not consistent, communication also has a problem, so leave inevitable."　　The above St senior executives told reporters. Facing the company stock is about to be auctioned, there is information that Acer industry is interested in raising funds to participate in the auction.　　However, the claim was denied by former executives of the St.　　And the creditor side CITIC Insurance and broad group to take part in the auction may not be big. "Citic is a state-owned enterprise, with capital recovery as the top priority, and there is no power to restructure listed companies."　　The people familiar with the matter said to reporters.　　However, it is worth pondering, St Hong Sheng January 20 this year issued a notice that the 2009 annual audit body has been the original headquarters in Beijing Zhongxing China Certified Public Accountants Co., Ltd. to be headquartered in Shanghai, Shanghai Zhong Hua Shanghai silver Accounting firm. The news is that ZTE has already entered the annual audit of China's accounting firm, and St has paid some of its fees.