Huang Guangyu case of collective experience in Zhongguancun outstanding debt col
Building the park in Zhongguancun and the subsidiary has accumulated borrowing to invest in Thailand Peng nearly 500 million yuan, Peng, of which 408 million yuan investment in Thailand do not charge interest. However, the actual controller to accept the investigation, including the largest shareholder Peng, Mr. Wong, Thai investment account controlled by the enterprise has been seriously affected, Peng-Thai investment fund shortage problem in itself began to appear, Zhongguancun has been difficult to be further from the controlling shareholders financial support, development of the company is facing financial bottlenecks.
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Huang Guangyu
Vortex in the case of Zhongguancun (000 931) 2008 Annual Report was recently baked. The results reported in Zhongguancun, the company in 2008 the main business income, net profit, total profit, and other important financial information presents the "three down" state.
Present, man of the hour because of Wong Kwong Yu, Zhongguancun and other companies involved in restructuring, asset replacement and other major issues during the existence of illegal suspicion of being a major police investigation.
But in Zhongguancun, the annual report, but then a major shareholder in Beijing Peng Thai Investment Limited "good words spoken," that there is no occupation listed company whose capital happens, there is no appropriate company property situation.
"At this sensitive time, investment in Thailand for Peng Zhongguancun course of business conduct and other relevant agencies to investigate the best results came back, and then more appropriate to publish." Shanghai Lawyer machine Li told reporters Zhou Aiwen interview that, "Zhongguancun explanation for the behavior of large shareholders should take a cautious approach, it is also responsible for investors."
Solve this problem, press yesterday (April 19, 2009) call the Zhongguancun spokesman, but there is no link to.
Peng Thailand Investment Management lost face "anemia"
According to the latest annual report
Zhongguancun, in 2008 the company achieved operating income of 2.056 billion yuan, down 8% over the same period the previous year; net profit of 6,591 million, down 32%; attributable to shareholders of listed companies net profit of 60.53 million yuan , down 32%.
With a number of listed companies decreased in 2008 primarily due to the performance of different financial crisis, the park's 2008 performance there may be a number of indicators have also been declining, "Huang Guangyu incident" impact.
2008 11 months, the actual controller Zhongguancun Huang Guangyu, Chairman and President Mr. Xu Zhongmin under investigation for alleged economic crimes. A ripple in this case not only for building the park in Zhongguancun subsidiary part of receivables recovered under attack, but also by the collective of all creditors, debt collection.
It is understood that the incident spread fear of operations of listed companies, there are many sub-contractors in advance of recourse debt. Peng Thailand cumulative investment and its affiliates to provide security for the Zhongguancun 268 million yuan, some banks require listed companies to have the loan without additional security assets prior to maturity. For the above, the Zhongguancun addition to doing everything possible to raise funds, but also on the development and construction subsidiary Ltd Beijing Zhongguancun individual accounts receivable bad debt provision for adjustment of the ratio.
To address funding needs, building the park in Zhongguancun and holding subsidiaries have accumulated borrowing to invest in Thailand Peng nearly 500 million yuan, Peng, of which 408 million yuan investment in Thailand do not charge interest. However, the actual controller to accept the investigation, including the largest shareholder Peng, Mr. Wong, Thai investment account controlled by the enterprise has been seriously affected, Peng-Thai investment fund shortage problem in itself began to appear, Zhongguancun has been difficult to be further from the controlling shareholders financial support, development of the company is facing financial bottlenecks.
Not only the creditors have to collect debts and events by Huang Guangyu, a number of investment institutions have begun to flee. Semi-annual report in Zhongguancun in 2008 812.98 million shares in the holding of shares, ranked the fourth largest shareholder in Zhongguancun QFII? Xiangcai – HSBC-CALYONS.A Annual Report 2008, disclosed the top ten shareholders, has conspicuously absent.
Recognized under the relevant departments, as in
Triple Trading Company
, Zhongguancun and other assets of the company restructuring and asset replacement process on major issues such as illegal suspect there are significant, Peng, chairman of Thai investment in the company involved in the actual controller for Wong Kwong Yu
Checked
. However, in the Zhongguancun this annual report, not only did not have instructions to the contrary, on behalf of Eagle Investment "good words spoken."
Zhongguancun, depending on the public security organs to investigate
Of Zhongguancun in the report stressed that controlling shareholder of the company and its subsidiary companies Peng Thai investment, strict implementation of the company personnel, assets, business, financial, institutional, on the "five separate" in strict accordance with legal procedures and established internal procedures standard operation. Pengtai Investment as a major shareholder of this company only equity management practice, not interfere with daily operations without any major shareholders take up capital of listed companies to happen, there is no appropriate company property situation, to ensure full independence of the company management and market operation, to protect the company and other shareholders, and so on.
This information for Zhongguancun, Shanghai New Hope News Law Firm lawyer Song Yixin said: "The major shareholders in the statement Zhongguancun Peng Thai investment with` the best final results to the public security authorities subject to the phrase `Otherwise, if Peng Huang Guangyu Thai investment and the existence of illegal acts, then there is suspicion of misleading statements. "
In 2008, 18 Zhongguancun executives, leaders pay a total of 3.2378 million yuan. This compared with 2007, 3.0315 million yuan in compensation amount increased. Despite being the police investigation, but the chairman Xu Zhongmin Zhongguancun salary in 2008 still stood at 810,500 yuan, 709,500 yuan over the amount in 2007 grew 14.24%.
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