subject: Su Ning Zhang Gui-ping His Son Bought Two Dollars Of Paper * St Ji - Su Ning, Home Appliance Chain, [print this page] ZHANG Gui-ping, Zhang Kangli father and son finally
Capital
Market shot up, and one shot will be amazed.
This year (04) August 30, Suning Group and Zhang Kangli person acting as an agreement with Jilin Guozigongsi, respectively, the latter funded a dollar held by the transferee
Listing
Paper 200 000 000 ST Ji company shares. After the acquisition, Suning Group and Zhang Kangli ST Kyrgyzstan were held 50.06% stake in paper, as its largest shareholder. Of course, a prerequisite for completion of the acquisition, the Group and Suning Zhang Kangli be held in Nanjing days Huabai Run Development Co., Ltd. (hereinafter referred to as days Huabai Run) 95% of the shares and Hi-Tech Building Materials Co., Ltd. Nanjing China Pu (hereinafter referred to China Philips Hi-Tech) 95% of the shares free of paper into Kyrgyzstan ST.
ZHANG Gui-ping the current chairman Suning, Suning Group holds 90% of the shares; and Zhang Kangli as ZHANG Gui-ping son.
ST Kyrgyzstan paper will be the "net shell"
? ST full name of Jilin Jilin Paper
Paper
Co., Ltd.
Newsprint
Production and
Sell
. As the energy and raw materials prices, and newsprint prices fell and long-term at a loss,
Finance
Sharp deterioration in the situation, in February 2003 was forced to stop production until today (Sept. 6).
ST Kyrgyzstan
as paper 2002, 2003 and 2004 for 3 consecutive years of losses, according to the relevant provisions of the Shenzhen Stock Exchange, ST Kat paper stock on May 9, 2005 suspension of listing. As of the end of 2004, ST Kyrgyzstan total current liabilities exceeded current assets of paper totaling 1.522 billion yuan, a large number due to inability to repay debt. This year on April 30, Jilin City Intermediate Court accepted the demands of creditors for bankruptcy ST Kat paper. August 15 this year, in the hospital under the auspices of Jilin, ST Ji paper reached a settlement agreement with creditors, the creditors have agreed to all of the assets ST Kat paper cover all debt, net assets, after satisfaction of zero dollars, suspended the proceedings accordingly.
Debt restructuring is completed, ST Kat paper as no assets, no liabilities, no business, "net shell" company, if not a profit through the reorganization of assets with greater
Operate
Assets, the company will face a delisting.
ST Kyrgyzstan
asset restructuring as delisting of paper to avoid the last resort.
Two dollars to buy 140 million shares
Kyrgyzstan in ST paper has stood delisting "the edge of a cliff," when ZHANG Gui-ping shot a father and son. ? ST Kyrgyzstan latest acquisition of paper reports that, Suning Group and Zhang Kangli as a concerted action, on August 30 signed a purchase agreement with Jilin Guozigongsi, respectively, the latter funded a dollar bought 200 million shares held by ST Kat paper of the shares. After the acquisition, Suning Group holds 35.06% of ST Jilin Paper stake, becoming its largest shareholder; Zhangkang Li holds a 15% stake, becoming the second largest shareholder. Holding shares in the aggregate more than the total share capital of ST Kat paper 50%, with a controlling stake.
ZHANG Gui-ping his son took just two dollars to get the shell of a listed company is obviously too low, much less a paper in the debt restructuring ST Kyrgyzstan will become a no assets, no liabilities, no business, "net shell. " As a precondition for the purchase, Suning Group have to buy the "clean shell" companies into high-quality operating assets, the maintenance? ST Kyrgyzstan position paper of the listed companies. To this end, Suning Group and Zhang Kangli has? ST Kyrgyzstan signed an agreement on paper, will hold the day Huabai Run Hua Pu High-tech companies and 95% of the shares free of paper into Kyrgyzstan ST. The Beijing transit asset valuation to assess the determined value of 402.77 million yuan of the two assets. Asset restructuring is completed, ST Kyrgyzstan net assets will revert to paper 402.77 million yuan, net assets per share rose from zero dollars to 1.01 yuan.
ST Kyrgyzstan paper will be "ashes"
Suning Group and Zhangkang Li Ji paper to the ST-operating assets into two companies, such as the reorganization plan is approved and implemented on time, ST Kyrgyzstan paper listing not only maintained, but also staged a "black-bone chicken variable Phoenix "The good play.
It is understood that the paper be placed in ST Kyrgyzstan Both companies have good business asset.
