Yanggu Huatai: Chairman of the 0 cost acquisition company behind

Shandong Yanggu Huatai Chemical Co., Ltd. is about to land on the gem market today. Once listed successfully, the company will have a market value of more than 1 billion yuan or even billions of yuan.　　But 10 years ago, it was the predecessor of the company, was the director of the current Chairman and the actual control of Wang Zhunhua family to "0 cost" acquisition. Director of the whole family 0 cost acquisition of state-owned enterprises before March 2000, Wang Zhunhua is only Shandong Yanggu Huatai Organic Chemical Plant (hereinafter referred to as "organic plant") of the director. March 23, 2000 Wang Zhunhua combined his wife Yin Yuo-rong and two sons Wang, Wang Wenbo jointly funded the establishment of Shandong Yanggu Huatai Chemical Co., Ltd. (hereinafter referred to as "Huatai Limited").　　Huatai Limited set up the task is to complete the acquisition of organic plants, the acquisition is "0 cost" of the debt-type acquisition. Founded in 1994, the organic plant is the listing of the Yanggu Huatai "source", initially the company is wholly-owned enterprises, since the founder Wang Zhunhua has been the factory director. 2000 the plant for restructuring, at that time the organic plant has 107 employees, carrying total assets of 22.3848 million yuan, net assets of 1.005 million yuan. In the process of restructuring, Yanggu County audit firm issued an asset assessment report for the Wang Zhunhua 0 cost acquisition of the help is great. At that time, the net assets of 1.005 million yuan of organic plant, in the assessment process, in the land trademarks and other intangible assets without any value changes, the fixed assets only reduced by more than 600,000 yuan, the ultimate net assets of the organic plant to only evaluate to 388,000 yuan. The net worth was left to the organic plant by the local government as an economic compensation for the removal of state status as an organic worker.　　In other words, Wang Zhunhua and his family to buy the organic plant in the whole process without a penny of cash, is a thorough 0 cost acquisition.　　Since there is no need to pay a penny acquisition costs, why in the process of restructuring, the other senior management of organic plants and ordinary workers failed to participate in the acquisition? "This is a very extreme case of state-owned enterprise reform." Generally speaking, in the process of reform of the internal-owned enterprises, the operation of the reform method of the insider acquisition, or the collective acquisition of senior executives, the director of the proportion of large or even holding, or in the collective name of trade unions or staff shares to buy. It is rare for a state-owned company to buy all of its shares alone, or even a 0-cost takeover.　　"Well-known mergers and acquisitions advisory body and June venture partner Tang Hao So evaluation of the restructuring." Yanggu Huatai Dong He Yuquang Accept "First financial daily" reporter interview, said: "Huatai Limited originally bought organic plant is in line with state-owned enterprise reform procedures, the prospectus also has detailed disclosure." "Shenzhen, a senior sponsor representative that Yanggu Huatai in the disclosure of the origin of the listing should be from the organic plant in 1994, rather than only from the 2000 when Huatai Limited was set up." In response, He Yuquang replied: "Huatai Limited is a new set up in 2000, 2009, the overall change for the shareholding system Yanggu Huatai, so the current listing of the main Yanggu Huatai origin should be counted from 2000.""Who is behind the biggest beneficiary of the pre-IPO blitz?" Huatai Limited since 2000 has maintained a 8 million yuan registered capital, Wang Zhunhua family shareholding pattern, has lasted until August 2009. Only last September Huatai limited overall change for the one months before the company, the major shareholder Wang Zhunhua will be held by its 533,333 yuan (corresponding to 6.67% of the equity) to the Zhang Yi, Chen Yimin, Liu Taiping and other 35 natural persons. The transfer price is extremely low, each 1 yuan registered capital only 1 yuan money. This incentive equity in Huatai Limited overall change to AG, converted into 3.0015 million shares Yanggu Huatai shares.　　If the shares are listed as the main shares, the cost of these 35 people to get this share is only 0.177 yuan/share. Of the 35 new shareholders, 28 are Yanggu Huatai's current senior management and core technical staff, 2 are Yanggu Huatai original deputy general manager, now certificate work in the company.　　Chen Yimin, who received 450,000 shares, has served as director of the Research and Development center of Yanggu Huatai. Excluding the above 31 people, there are still four people who are not Yanggu Huatai employees also never work in Yanggu Huatai. The four included the largest number of Zhang Yi and Liu Taiping in the third place. Zhang Yi has been in Harbin City Cultural Relics Management station work, whether the region or industry, and Yanggu Huatai is "Bishi."　　Yanggu Huatai in the pre-disclosure materials also disclosed that the other three people Liu Taiping, Li Zhiyue, Lu Tongsen has not been working in the company, which Liu Taiping and Lu Tongsen are retired for many years old, Li Zhiyue has been in Yanggu County printing factory work. So what do these four people for Yanggu Huatai made a great contribution, or even more than Yanggu Huatai current and former deputy general manager contribution? Is this the only "willing to fight" relationship or is there another mystery? In response to this reporter's query, He Yuquang said that the information disclosed is based on the China Securities Regulatory Commission's website on the pre-disclosure of the prospectus, no additional.