Norit Solar Power: Self-termination Of A Major Reorganization Of Assets - Power Norit, Solar Energy

Since the actual control of the company contact person less than high per-kun

, power promise the sun (600 885) to restructure the work can not be completed within the validity period, the company terminated a major asset reorganization matters on their own.

It is understood that the sun is in Linuo September 4, 2008, 2008, held the first meeting of shareholders to consider the adoption of a "company to a specific object private placement program" in motion. Under the program, Sun intends to force the controlling shareholder of Sino Group and its two subsidiaries Marino directed issue of shares to buy Solar Energy Terminal industry and supporting thermal solar thermal industry in the underlying assets, the underlying assets tube solar collectors, solar glass and new materials and other related assets. The restructuring is completed, power promise the sun's goal is to become the country's first solar thermal utilization of listed companies.

Under these provisions, the bill is valid for one year. September 7, 2008, Marino sun to the China Securities Regulatory Commission reported a "material issue of shares to buy assets declaration" and on Oct. 8 received "administrative leave feedback on the project review notices." However, the force can not promise the sun as the actual controller links the high per-kun, can not submit reply "administrative leave feedback on the project review notice" of the written report, resulting in the issue of shares to buy assets restructuring can not be completed within the validity period, resulting in the significant assets self-termination of re-issues.

In fact, as early as last December, on the "high-Yuan Kun missing" message, and speculation has been circulating in Shandong business. Reported that high per-kun Marino missing or concerning the issue of land development Science and Technology Park. January 8 this year, Marino notice the sun for the first time confirmed the "not linked to the high per-kun." Therefore, the work force restructuring can promise the sun became smooth suspense until this announcement was a formal announcement of the restructuring die.

Speaking of high per-kwan, head of wealth has been a very bright halo, which have "Jinan's richest man," said, Sino Group is also due to control efforts been crowned as the Forbes list of the richest continent.

Public information, high-per-kun was born in 1958, the Yinan County of Shandong Province who had earlier served daily glass Yimeng area director, as a business in Shandong Province before Medicine Bureau Medical Devices Deputy Director, Institute contracted a state-owned enterprise in low-cost glass production line, began its pioneering work. In 1996, Gao Yuan Kun decided on solar glass project.

2001, the high-Yuan Kun involved in capital markets, which in March, control of the three high-Yuan Kun Industrial Group Co., Ltd. renamed Marino Group. July 11, 2001, listed companies, "Double Standard Paint "Notice that, Linuo Group companies through the stock transfer as the second largest shareholder. July 21, Linuo Group holdings once again, through the power of new materials promise a pair of tiger paint the largest shareholder. Nov. 28," Double Standard paint "was renamed" Linuogongye ", later renamed" Marino sun ", as one of the earliest to the concept of solar energy companies.

by: gaga

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