Category: Money tips Release Date: 2006-08-06
Greencool Department of collapse last week???? The prime mover Gu Chujun was detained, the company's shares have been frozen or terminate the transaction.
The allegations concerned the grounds that inflated profits of listed companies, in collusion with private companies against the interests of listed companies.
Prior to this, Gu and time-consuming to build a five-year value of 13.6 billion yuan this so-called industry clusters.
Last Days From the 2001 acquisition of Kelon Group began to question the voice has always been, and culminate in August last year. In that Lang and Hong Kong scholars to debate, Gu is portrayed as an out-of state-owned assets predators???? A greedy unscrupulous traders.
This became Gu Chujun beginning of a nightmare.
Considerable evidence that the investigation began in Lang-Gu dispute. That time, the National Audit Office official stationed in Kelon, Guangdong Province Securities Regulatory Bureau has twice inspection thereafter.
In addition to holding Greencool Meiling Group is securities regulatory bureaus require rectification, the above and did not give any conclusion.
May 10 of this year, storms to upgrade. In the Department of Kelon and Greencool Triple company for several days in other secret investigations, the SFC announced the company placed on file, Department of Greencool???? The judicial process has been started.
In late July, the Commission closed the investigation. Heard the news, said Gu Chujun and private companies were suspected of misappropriating funds Kelon Group 2 billion and has 300 million yuan has not yet returned; sources also said that as chairman Gu existence of a listed company inflated revenues, inflated profits and false statements situations such as.
Since starting in June at the latest, Gu Chujun began to high-density between Beijing and other cities. Out of Beijing is to public relations, in other cities, there is the acquisition of Kelon are in these cities. Some media reports said Gu was preparing to sell off against the debt and to alleviate the guilt of Kelon. Gu in Beijing, PR seems to be some support, the situation is somewhat more relaxed once there???? July 16 core members of another team, Gu, vice president of Kelon Yan You-song in private meeting with newspaper reporters, said Kelon crisis in the past.
But the situation quickly out of control???? Gu Chujun, Yan You-Song and other Triple names Greencool in Kelon staff quickly lost my freedom.
July 29, Gu Chujun by the police from his office in Shunde away from Kelon Group.
Since then, the situation is completely out of control. Gu under the control of Greencool Department published notice a row of listed companies; Greencool holdings Yaxing, Meiling Electrical Appliance shares are creditor banks to freeze; have not been approved by the SFC with the Xiangyang Bearing Group signed a share transfer Xiang-axis agreement was to terminate the group.
August 1, * ST Yaxing (600213.SH) Notice, as Shanghai Pudong Development Bank, Shenzhen Branch v. pre-application for the preservation of property, Guangdong Province, Shenzhen City Intermediate People's Court ruled that the freezing of Yangzhou Greencool holding company's 115.3 million shares, or 60.67 percent equity stake.
August 2, Greencool's Meiling Electrical Appliance (000521.SZ) said that due to Guangdong Greencool, green cool refrigerant (China), Gu Chujun acceptance bill advances to the dispute, the Bank of Communications Branch, Foshan, Shunde, Foshan, Guangdong Province, to the City Intermediate People's Court to prosecute the application before the preservation of property, Foshan, Guangdong Greencool freeze according to the law courts, green cool refrigerant (China) Co., Ltd., as well as bank deposits, 75 million yuan Gu Chujun or seizure, seizure its equivalent property. Also freeze the holdings of the Guangdong Greencool Meiling Electrical initiator state shares a total of 8285 shares and bonus shares, allotment. Meiling Electrical also said that, given the chairman Gu Chujun, chairman of powers can not be normal discharge from the company's vice chairman Jia Zhang authority to act. Meiling Electrical also disclosed that the company's second-largest shareholder of Hefei Meiling Group Holdings is working with the first largest shareholder of Guangdong Greencool to negotiate to buy back its shares held by Meiling Electrical Appliance, but did not sign any agreement.
August 2, Yangzhou Greencool's another company Xiangyang bearing (000678.SZ) said in a public notice, Yangzhou Greencool with the company's largest shareholder Xiangyang Automobile Bearing Group signed a share transfer contract has not been China Securities Regulatory Commission approval, nor handling the transfer of ownership procedures. Xiangyang Automobile Bearing Group plans to withdraw the part of the stake.
August 4, Yangzhou Greencool * ST Yaxing controlled by another announcement that due to Yangzhou Branch of China Construction Bank and Bank of Communications v. Yangzhou Branch of the application before the preservation of property, Yangzhou Greencool holding company 1.153 100 million shares of stock once again be frozen.
Gu Chujun Kelon Electrical Holdings H shares and A shares have also this year, respectively June 16 and August 3 from suspension.
August 5, have been suspended for Gu Chujun control of Hong Kong GEM listed company Greencool holding announcement said the chairman of the delay can not be contacted due to release mid-year report.
