Tuesday, December 21, 2010

SFC to Gu chujun set deadlines for completion by the end of August the equity change

Activities in Beijing for a few months later, Gu chujun finally returned to the Centre of kelon storm. Kelon inside a senior person to this newspaper reporters, Gu chujun has 10, evening came back from Beijing; 11, Shunde, he reappears in kelon Headquarters; from now on, he will face a "rescue kelon" and "decent" real problems out.

Gu chujun "flight of capital"?

12/07, on many occasions for listed companies and small shareholders acting securities litigation cases of Shanghai well-known lawyers Yan Ming through media launched a campaign to "Dong" open collection of small shareholders to vote Chairman proposed removal including Gu chujun, kelon electric current members of the Board of Directors.

At the same time, a message in an internal spread of kelon: kelon's findings will be published.

Guangdong regulators concerned also confirmed the news. He told reporters: "Council (CSRC) Inspection Bureau of personnel now also stay at kelon, estimated results of the survey will be announced soon. ”

But it was close to Shunde Government sources, 11 April, the China Securities Regulatory Commission came to the leadership, and convening of kelon, 2001 after all incoming meeting of Board of Directors of kelon, including three have submitted his resignation of the Director's "sticker shock." Since 2001, kelon has been through several changes, members of the Board of Directors, if a merry-go-round amongst more than 30 people before and after a total.

The people there told me that this Conference is mainly directed against the Commission declared some of kelon, decisions and findings, you may need and kelon since 2001 member of the Board of Directors for final communication. From 11 January to 12 February, the meeting has been held for two days, the specific content of the present outside nobody knows. But it is said that the Commission attaches great importance to the meeting, said that if a Director is not to be "consequences". But in the key figure on the air waves Gu chujun did not attend the meeting.

According to informed sources, Gu chujun has been identified as the flight of capital Commission and was ordered to pay back the money, "he must sell kelong shareholding".

Echelon above kelon internal said: "today (13), Gu boss may meet with the people of the SFC. "That said, there are bankers called Gu chujun flight of capital up to 7 million ~ 8 billion. "Gu bosses don't think so, he considered it not in use, do not call divert, call offered, he is looking for a lawyer for help, see how to do next. ”

The tall, Gu chujun still holds the right of the signature, kelon, he is not willing to cooperate with the Commission on the matter of kelon equity transfer. "However, if you like on Fandango Tangwanxin so give him a qualitative, he is there anything to talk about who the kelon sell and sell what price?" and "Gu chujun is not on (right) Ah. ”

Integrity is not yet finalized next disc

According to a creditor bank of kelon, through SFC and kelon section Director 11, the day of communication, kelon reorganization programmes have clear: a company of the State will be stationed in kelon, Gu chujun will transfer his ownership of kelon. SFC to Gu deadline, kelong shareholding change to be completed before the end of August. While the SASAC, national development and Reform Commission will intervene in this matter, in order to ensure the smooth implementation of the restructuring.

"Kelon is twenty thousand people a year, over 100 million Yuan profit, sales of over $ 10 billion of enterprise which can because boss! personal problems, let it collapse!" this person said that, since the funds are not Gu chujun flight to Toronto, and is fundamental to buy assets, "take these assets at a discount to sell, have also been able to cover the Bank's debt," "our last few days have been busy with the creditor. ”

As a result of kelon electric equity is decentralized, with the exception of the first shareholder of Guangdong green Cole, only another shareholder in SHUNDE City economic consulting firm holding company 6.92% in corporate shares, in addition the top ten shareholders are H-shares and settlement agencies holding co., Shunde City economic consulting company registered capital of 10 million. Thus it appears that no other shareholders took over the possibility of kelon, kelon reorganization must rely on outside forces.

"Internal has declared, kelon has been state-the following integrity company acquisitions. "A green cool, corporate executives told reporters yesterday also mentioned the integrity company:" it is to engage in transnational group logistics business. ”

The top echelon told a reporter, Gu chujun start package is sold to the integrity of Guangdong green cool (Note: the company holds kelon electric 26.43% stake and meiling appliances 24% stake) 45% of the equity and guarantee the integrity, kelon and then to 15 million loan from the Bank, but this scenario is clearly not Gu chujun touched on the control of kelon, simply pull on integrity as a "training".

The Echelon that integrity has stayed in kelon, understanding a week are almost, it also in Foshan City SASAC communication, would like to receive support. "Integrity has a background, have assets, not received (kelon) has not been finalized. ”

Reporter to pick up a call again kelon China integrity Group President of the Office of the Director of the Miller, she said "no news".

People sigh

On how to restructure kelon, such close to Shunde Government said, this is not a securities system can intervene, "after all, kelon belonging to private holdings in listed companies, the local Government does not intervene, it is now." As regards the integrity group will take over the top, the people also said that it was difficult to predict.

"The Bank, both of kelon is a good thing. "The claims of the Bank of kelon, kelon 4 this year, 5 months each month to reach $ 1 billion in sales, season 6, the July monthly reach 15 billion of sales is not a problem, but at least now kelon season lost 200 million units of product sales. Moreover, kelon 8 billion export orders cannot be delivered.

It is understood that the mesh

Former kelon managers still normal working hours, but in parts of the branch of kelon has a couple of months have been reported, some travel have lost to fellow enterprise, kelon's senior management system is a "fire fighting" everywhere.

The above kelon internal high-level laments said: "this two or three years, originally we thought of kelon finally ' privatization ', however, the interests of employees, dealers in the decline in the reduction of enthusiasm, of course, kelon's sales were constantly on the increase. ”

"Until the Commission to investigate, to know the company out of business. "The senior person said," it shouldn't be kelon sold to Gu chujun, kelon's staff over the last couple of years on the Gu's leadership was disappointed that the staff's efforts were in vain. ”

"What about departments now have integrity received disk? we still don't know what the fate of kelon future. "The senior person suggested that would let kelon's shareholders, employees, distributors, suppliers and other representatives of the Government of the Commonwealth, SFC, the restructuring programmes in the formulation of kelon, timely communication with them.

I do not know if it is subjected to the influence of recombinant hearsay, kelon Electric's share price has bounced two consecutive days, yesterday from the opening price of $ 1.78/unit, by 1.09%, latest price 1.85 Yuan/unit.

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