Category: Money Tips Date: 2006-09-01
Source: Wuhan New Rand
With the recent announcement of Yanbian Highway GF Securities backdoor listing of the program to obtain approval from relevant departments, "backdoor listing broker" concept began to emerge from the previous stage that "only thunder, no rain" in the market the impression. It appears that backdoor listing broker is no longer just talking about it, they are beginning to resort to the actual operational level. The last three trading days, Taiji Industry's share price a strong limit-continuous, and its virtue is the backdoor listing of Huatai Securities is expected to rumors, the same, ST 10000 Che-hung, and the Dongfeng daily limit of technology is also widely speculated on the market Yangtze River For backdoor listing of the securities not unrelated to the message. Recently, the Beijing-based Everbright Securities intends also reported two backdoor of the "scandal", leading to a good share price performance. According to the latest rumors, a subsidiary of Founder Group, Founder backdoor listing of the securities in order to achieve the vision, from the "Founder department" listed companies have chosen a typical shell resources --* ST Chase, Founder Securities intended as a backdoor listing platform.
Most industry insiders believe that in GF Securities became the first backdoor listing broker, it is expected there will be more brokerage firms to follow this law. In fact, Everbright Securities, Orient Securities Changjiang Securities, and other domestic brokerages have already started to plan backdoor listing. After all, the listing broker will not only help to raise funds, but also in the long run to improve their corporate governance, internal control and risk control. More point of view, the listing broker routing into the context of a dilemma, GF Securities backdoor success is being prepared for a lot of backdoor listing of the securities companies with a policy-oriented.
In fact, just to get a license regulate securities firms and country gold securities, also announced that the object lock backdoor listing. September 6 this year, Chengdu Construction Investment issued a public notice said the company is the controlling shareholder of Chengdu City State-owned Assets Supervision and Administration Commission and the National Gold is the company's listed securities issues on the backdoor negotiations, the company's shares have been suspended from today. With G Jinfeng's shares in the recent consecutive daily limit, the market also widely rumored Orient Securities backdoor G Jinfeng regarding the probability of growing. In addition, Everbright Securities in the backdoor after the failure of Textile City, the object of its new preferred shares are also two Beijing-based continuous soaring. The last three trading days, Taiji Industry's share price a strong limit-continuous, and its virtue is the backdoor listing of Huatai Securities is expected to rumors, the same, ST 10000 Che-hung, and the Dongfeng daily limit of technology is also widely speculated on the market Yangtze River For backdoor listing of the securities not unrelated to the message.
It appears that backdoor listing broker is no longer just talking about it, they are beginning to resort to the actual operational level. According to the latest news, a subsidiary of Founder Group, Founder backdoor listing of the securities in order to achieve the vision, from the "Founder department" listed companies have chosen a typical shell resources --* ST Chase, intended as a backdoor listing of the securities Founder platform.
In recent years, * ST Chase controller frequent replacement, the earliest is the Blue Star Group, want to restructure, but soon quit. In 2001, the extension of the Shanghai New Culture Communication Company (later renamed as the Founder Yanzhong Media Co., Ltd., by the Founder Group Holdings) won control of the deep-Chase. At that time the deal was seen as "Kay in line" with its allies "Founder line" work closely with another masterpiece. Then with "prodigal in line" from the capital market gradually fade away, the original "Kay land line" of the two listed companies - G-tech and * ST Chase, in fact, has been "Founder line" access plate. Of course, the shareholders of the structure of the surface more difficult to see that the two listed companies with the "Founder line" has a direct stake in the relationship. However, the "Founder line" of this de facto control of two listed companies, but it is more common view on the market.
Of course, "Founder department" to * ST Chase control of the master also has a relatively inflected process.
In April 2002, a company called the South China Sea Pak Chun transferee * ST Chase's second-largest shareholder of Beijing huaheng Venture Capital Co., Ltd. and the sixth-largest shareholder of Beijing Investment Co., Ltd. held the bridge to 1260.609 million shares of the company, and 5.1057 million shares. And as early as the year in January, when * ST Chase's third-largest shareholder of Guotai Junan Securities will hold 1,000 shares had been legal person shares entrusted to the South China Sea Pak Chun management. Therefore, Pai Chun already has the deep South China Sea Chase 30.63% of the actual voting. However, only six months later, the South China Sea Pak Chun chose to withdraw, while the equity transferee Beijing Founder Jingwei Industry Development Co., Ltd. (later renamed the Founder Industries Holdings Limited) is the "Founder line" its business.
In 2003, the Shenzhen Yi Sheng Tang Bio-Enterprise Company Limited through the Shanghai Wen Hui Investment Co., Ltd. and Shanghai Bank Investment Management Limited from the Founder in the hands of the shares gained 30.64 percent, becoming the de facto largest shareholder. But the side is still under the name of the extension in the Media Limited 2700 million shares, accounting for 29.84 percent, still the largest shareholder of the name. Since taking over two years, Shenzhen Yi Sheng Tang was forced their own financial pressure, finally chose to withdraw. * ST Chase in the history of notice can be found, * ST Chase Shenzhen Yi Sheng Tang was under the name of the new benefit energy companies, two Zunhua, amounting to 180 million yuan loan guarantees provided non-compliance. July 21, 2004, the China Securities Regulatory Commission, Shenzhen, * ST Chase Audit Bureau to initiate an investigation notice issued to inform that the company due to alleged illegal disclosure of information, decided to conduct its criminal investigation. Should be said that the SFC's investigation, it is with this.
Now, * ST Chase's second-largest shareholder of Shanghai Wen Hui Investment Co., Ltd. held by the company's 17,712,690 shares of corporate debt because of dispute in December 2005 by Henan Province, Zhengzhou City Intermediate People's Court in the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch freezing, the freezing period for one year. In other words, now * ST Chase's right to speak, has been "Founder line" to make note of control. At present, * ST Chase's main industry trade has been partially suspended, the shares of the company's Food Industry Co., Ltd., Shenzhen, Chase had ceased production due to operating losses.
Forced by the pressure of stock reform, "Founder System" * ST Chase for the typical shell resources of this company had to make a strategic consideration. Now competing at individual brokerage backdoor listing of the trend, "Founder line" of the Founder's securities, not far behind.
Information, Founder Securities Co., Ltd., formerly known as Zhejiang Securities, founded in 1988. In 1990, the company reorganized into state-owned local financial institutions. In October 1994, Zhejiang Securities and reorganized as a limited liability company. Zhejiang Securities Co., Ltd. is the new China's securities market is one of the pioneers and explorers, for a long time, has been acting as leader in the domestic stock market's role in creating a number of aspects of the securities business, Zhejiang and the country's "first ", for example: in 1990, recommended the country's first stock is only off-site" Zhejiang Phoenix "to the Shanghai Stock Exchange; in 1996 in the" Xinlian shares "issued in the first of the" full advance payment of the proportion of placements, the balance of the rebate, " distribution model; in 1997 the London Stock Exchange the main underwriters for the first GDR form and simultaneous listing in the Shanghai Stock Exchange "East Electric B shares"; company is a pioneer in conducting business in one of B shares.
In August 2002, Founder Group, the White Zhejiang securities. September 1, 2003, the company officially changed its name to Founder Securities Co., Ltd.. The new company in accordance with the "Securities Law", "Securities Regulations" and the "Internal Control Guidelines for Securities Companies" and other laws and regulations at the request of an all-round strong internal reform, restructuring and adjustment to work in a relatively short period of time has achieved remarkable results. In 2004, the Founder underwriting securities in the amount of the national brokerage stocks ranked 10th; the company's financial adviser the number of items listed companies ranked fifth;'s brokerage business sales department ranked 16th on both the trading volume. Company currently operates 17 nationwide securities business departments, and seven securities services, of which eight sales department and service part of the fabric 7 in Zhejiang Province, Hangzhou as the center within the economically developed regions, outside the province part of the fabric of business 9 in Shanghai, Shenzhen, Beijing, Tianjin, Wuhan, Zhengzhou and other cities, forming a "foothold in Zhejiang, toward national" distribution pattern of the business network. In October 2003, the overall acquisition of Founder Group, a subsidiary of Wuhan, Wuhan SASAC Masanobu investment company, a team focused on mission Masanobu restructuring of Wuhan, the letter is being indirectly controlled by a subsidiary of Wuhan, Wuhan Securities, Wuhan, SDIC, and letters are real estate companies. When is the Founder Group, the idea is that the completion of the checked assets of Wuhan, after the securities by the Founder Group's Founder Securities fully take over the securities of the related assets of Wuhan. However, a massive black hole hidden in Wuhan Securities is not as as optimistic as expected, due to various reasons, Founder Securities and eventually gave up the idea of integration of Wuhan Securities.
Can be seen that the desire to expand Founder Securities is very strong. A point worth mentioning is that the Golden State in regulating securities firms and securities have been basically decided to vote backdoor built in Chengdu, the broker is not a backdoor listing has been innovative securities firms and patents. Therefore, the Founder Securities to backdoor listing, it is not surprising. Moreover, the backdoor listing of the object, Founder Group, can be resolved in-house, after all, Fertilizer and Water Well do not own fields. Had to admit, * ST Chase is a very typical of shell resources used for backdoor listing of Founder securities platform, could not be better.
Well, for many years trapped in the equity result of frequent changes to the main business is unknown, the going is threatened * ST Chase (000,038), once the realization of backdoor listing of Founder Securities will situation improves it? We will see.
