Xiangxian Stop the arrest of the Wu-plastic reorganization behind the scenes suspicious

The original Wuhan Plastic (000665.SZ) reorganization case, suddenly cast a shadow, following Zhongshan common case, Wuhan Plastic also fell into the insider trading whirlpool.　　Recently, Wuhan plastic restructuring party's key figures-Hubei Chu days Digital Television Co., Ltd. (hereinafter called "the number of Chu days") Chairman Xiangxian stopped because of the alleged bribery has been Wuhan procuratorial detention. "Xiangxian stopped in the case or not because of bribery of a crime, most likely involved in the reorganization of insider trading." "A person who has been investing in securities for many years is so analytical. July 5, Wuchang Procuratorate related people to the Times weekly reporter said that the current case is under investigation, whether or not with insider trading, can not give a clear answer. But The Times reporter through the various understanding, after Xiangxian stopped behind, there are many "marginal insider" in the meantime, insider trading doubts. Wuhan Plastics shares fell sharply as Xiangxian stopped being detained. From May 28 The highest point of 16.79 yuan, to July 14 of 11.69 yuan, a decrease of 30.37%.　　The reorganization key personage is detained, the stock price even falls, the dream becomes the Hubei radio and television network first platform Wuhan Plastics, is encountering an unprecedented severe test. Borrow Shell listed "bear" heart ambition Xiangxian stop working ability is very strong, have big ambition. He planned for a long time in order to reorganize. I was also surprised to be detained for taking bribes.　　"July 9, facing the Times weekly reporter, Xiangxian stopped an old colleague with a sigh in the tone." Chu Days Digital official website data show that 2006, the Chu days by the Chu-day radio and television Information Network Limited liability company and the organization and Investment Holdings Limited initiated the establishment. According to SARFT requirements, the end of this year the provinces and cities nationwide to complete the network of wire mesh integration, but Hubei has not completed this work, the number of Chu days is fully accelerated integration work. However, with the advancement of integration, the problem of the shortage of digital capital in Chu days is becoming apparent. Due to the size of the constraints, the cable operators more narrow financing channels, can be listed on the main board of enterprises are few.　　Xiangxian stop determined to explore alternative, to borrow Shell realize the number of Chu days listing plan. Wuhan Plastics reported that 2003, 2005 two years of losses, in the last ten years even in its most profitable year, net profit is only 31 million yuan, 2009 net profit of only more than 4 million yuan, Wuhan Plastics become Xiangxian Stop the best backdoor target. April 30, Wuhan plastic reorganization plan, Chu days digital to be replaced by assets of Non-public offering shares of Wuhan plastic 20.92% shares, become the largest shareholder. With the number of Chu days into the listed company's assets, there are covered Jinzhou chu days Jwell, covering the Xiangfan of the Chu-days Xiangfan and Wuhan cable covering Wuhan. Among them, the Chu day Jwell, the Chu days Xiangfan's controlling shareholder all is the CHU day network.　　And Xiangxian stop is not only the number of Chu days of the chairman, or CHU days Network general manager, Chu days Jwell, the Chu days Xiangfan legal representative. After the reorganization, the CHU Day network will inject to Wuhan plastics its own Jingmen, Ezhou, Huangmei and so on about 1.5 million user resources, after injecting the Wuhan plastic wired user number nearly 5 million, will surpass the radio and television network 4.5 million of users, become a A-share market users the largest cable network operators.　　Xiangxian's ambition is here. At the same time, Wuhan Plastics has been able to turn from the traditional manufacturing gorgeous, turned into a powerful digital media upstart. As the reorganization plan progressed steadily, the sudden arrest of Xiangxian stopped the prospect of restructuring. Chu-day Network music deputy general manager said, Hubei Radio and television station has sent a temporary representative of the general manager of the Authority, the company is working well, restructuring plans are also steadily advancing.　　And in the Times weekly reporter interview process, regardless of Chu days network or CHU days number of staff, for Xiangxian stop the current situation, unified external declared "bear is always in the field."　　Three major restructuring doubts in fact, Wuhan Plastics restructuring Road is twists, Chu days Digital equity transfer process is more doubtful. Question one: Why is Hubei Kang Tzu Investment Co., Ltd. generously offering 20 million yuan? June 2008, the number of Chu days to increase the stock, Conzi investment to cash capital of 50 million yuan, of which 30 million yuan for the registered capital, 20 million yuan for the capital, after this 20 million-yuan capital accumulation and back to the capital, equal to the unpaid dedication of 20 million.　　It was not the result of the time reporter who contacted the people involved in the charitable investment. Question two: Why do the middle shareholders lose their shares in the sale? February, Conzi Investment will hold the number of Chu days of the digital equity transfer to Hubei Ivy Communications Co., Ltd. (hereinafter referred to as "Ivy Communications").　　Two months later, Ivy Communications will be the stake of 1.72 yuan per share to sell to Chu days of the number of the parent company Chu Day Network. Times weekly reporter Contact Ivy Communication, accidentally learned that the company chairman is Chu Days Digital vice Chairman Huang Shuying.　　The interview request to the reporter, Ivy Communications secretary to "yellow total business trip" as the from evade. Question three: Why can private capital invest in radio and television trunk network? February, the integration and investment will be part of the transfer to the Wuxi Red Profit International Venture Capital Co., Ltd. and Wuxi Red Fu International venture capital Investment Center two companies; Wuhan Putian Hi-Tech will transfer the stake to Shenzhen pilotage. April, Wuhan plastic suspension, the number of Chu days after the transfer of equity. With the official background of the Chu-day network, Hubei province radio and television main station, Yichang Three Gorges Radio and television station and Dongfeng Automobile become the final number of Chu days of shareholders. In addition, the February Wuxi Red benefits and Wuxi Red Fu two venture companies have also been among the ultimate shareholders.　　They hold the number 4.31% and 3.41% per cent of the CHU days respectively. Times weekly reporter learned that these two venture companies are private backgrounds, with the Beijing Red Stone International Venture capital Investment Center subsidiary, the actual control of man-made Zhao Wei. The Nineth article of the State Council's decision on the entry of Non-public capital into the cultural industry expressly stipulates that "Non-public capital shall not be invested in the establishment and operation of ...　　Cable TV transmission Backbone network, etc. no use of information network to carry out audio-visual program services and news websites and other business ... "and the Chu days number is engaged in the radio and television backbone network. Other than thatCompared to the Wuhan plastic April 30 reorganization plan and May 5 amendment, a change of detail is worth noting. The name "Huang Shuying" in the previous version of the plan disappeared in the revised version and replaced it with the expression "the same actual controller". This ambiguous substitution means only the parties can know. Comprehensive information published by various sources, Huang Shuying body with multiple posts. He is not only the deputy chairman of the Chu days and the president of Ivy Communications, but also the Putian hi-tech and the actual control of the pilot in Shenzhen.　　It is Huang Shuying through their own control of the company through a complex related equity transfer, and eventually the Chu days of digital equity to Zhao Wei control of the Wuxi red and Wuxi Red blessing. 11 of "Marginal insiders" have stopped behind Xiangxian, and many of the "marginal insiders" have flashed in between them. In the sensitive period of 6 months prior to the suspension of plastics in Wuhan, abnormal trading of Wuhan plastic stocks of up to 11 people, including the reorganization of the insider, including the listed company directors of the relatives, Chu Tian Jin Wei senior executives or their spouses, Chu days digital director of the spouse, and even the Chu days Digital branch of the deputy general manager and his spouse, Wuhan Plastic holding subsidiary of the general manager　　11 "Marginal insider traders" bought at least 100 shares, Chu days digital director Wu Ling's spouse Lingwei bought the largest number of shares, reached 55,000 shares.　　Wuhan Plastics prior to the reorganization of the plan, said that, according to the requirements of the Shenzhen Stock Exchange and relevant legal provisions, the parties to the transaction and relevant insider information insider from September 18, 2009 to March 18, 2010, the sale of shares of the situation was verified, found that 11 related personnel have to buy and sell stocks. Chu Days Digital Yichang branch deputy Iroha in January to buy, sold in February, profit of 3700 yuan, the spouse Yu Fengping February 3 to buy 100 shares, the cost price of only 7.73 yuan, to the suspension has not yet sold, after the day of the recovery can reach 68%, and Chu Tian Jin-dimensional supervisor Xiahoniping spouse Fan,　　Also in January to buy February sell, profit 12,500 yuan. Times weekly reporter investigation learned that Fan also as Hubei Radio and television Bureau director of the media department. As for Xiangxian stop being arrested, he told the Times on the phone, "Xiangxian stop bribery, is entirely his personal things." He denies the existence of insider trading, "I bought stocks a few months ago, and it doesn't matter."　　"Wuhan Plastics has issued a clarification on the matter," said the 11 individuals are all personal investment, there is no insider trading, and will be all sold on the recovery day, the proceeds will be surrendered to the company. Compared with the above 11 people, the bear was more of a concern for the future of Wuhan plastics restructuring. Chu days Digital general manager Hu Hao revealed that the afternoon of July 9, Hubei Provincial Committee of the relevant departments convened in Wuhan plastic reorganization of the relevant responsible for the meeting, "to continue to do a good job in Wuhan plastic reorganization, in the judicial authorities to find out the facts, do not Xiangxian stop was arrested in the media interview." "An official of the Securities and Futures Commission, who declined to be named, also told The Times reporter that the listing department has not yet been informed of the Xiangxian." Li Dongfang, a professor of civil and commercial law, said, "If you find out that bribery is just Xiangxian stop personal lineFor the reorganization will not have an impact, but Xiangxian stop if it involves manipulation of stock prices, insider trading and other acts, will be a huge blow to the restructuring of Wuhan Plastics. ”