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Zhuzong Wen

Guangzhou, Tianhe District, member of the village in the Huaying Gong Wang Road Park is a large old-fashioned community in more than 50 buildings, the home to the most are the Guangzhou Radio Group Co., Ltd. ( the \

quiet as ever on the surface of the community, recently simmering.

This all happened in the August 31 radio controlled Haig Communications Group (002465.SZ), after a successful A-share listing. And recently, another radio group holding company to be backdoor Jilin Pharmaceutical Radio Real Estate (000545.SZ) spread the news in the district, the more exacerbated calm.

stocks are to blame.

Haig created a radio communication within the group listed 47 natural person flourishes to the first day of the closing market price of 50 yuan, the current market value of the top ten all natural shareholders 2 billion above the market value of which is chairman Yang Haizhou holding up to 8 billion yuan.

\are related not the same, are beginning to plan to buy a house next to the Pearl River New City, those of us who pre-IPO are depressed by divestment. \reporter.

disappeared 20 million yuan

Park in Hua Yinggong old building a basketball on the sidelines of the fifth floor of a cell, home to fifty years of history is a radio group One of the only national model worker, he called Tan Shiliang.

in Tanshi Liang's home, this reporter saw the preserved obtained in 1989, stamped with the seal of the State Council of the National Model Worker certificate.

Tan Shiliang is also enjoying special allowance of retired State Department expert on pre-retirement he was the design of the radio group's technology backbone, the main navigation technology, communications technology and today the basis of Hagrid, that is, from the design by.

However, the journalists surprise, Tan Shiliang living conditions are very primitive, Tan Shiliang have old mother, under the grandchildren, four generations squeezed in 83 square meters of shabby homes with no elevator, the furniture and appliances are very old, \this couple's life remained calm as ever.

Tan Shiliang told reporters that when he holds Haig 12 million initial public communication, radio and television for the 5000 property IPO shares. After several times their investment if calculated according to his communications of the shares held by Haig should be more than 50 million shares.

However, all because of the age of TAM changed. He reached retirement age in 2000. Time to let the technology do the old key and pass wealth.

within the group there were special rules, that is, three years after retirement or early retirement must be Divestment, \to us. In fact, when my heart did not want to retire, but can not because of that provision. \

In the interview, the reporter saw the same experience with Tan Shiliang Divestment radio group retirement no less than ten employees. According to reports, the radio group, the number of divestment should be encountered more than 100 people.

years listed Way

to completely clear communication and broadcasting Hagrid revealed today, the equity real estate issues, have to trace the history of radio and the restructuring of the Group.

Radio Group was founded in 1956, its predecessor is the army of 750 state-owned enterprises plant, the last century into the early 90's state-owned enterprises in Guangzhou.

Radio Group currently has two national key software enterprises, software companies in Guangdong Province 3, and high-tech enterprise 3, 2007, GRG Group (002152.SZ) listed in January 2010,women moncler coat, become the largest shareholder, Jilin Pharmaceutical, August 31, Haig communications market.

2000 年 3 30, the Guangzhou municipal government under the leading group of state-owned enterprise reform \some state-owned companies and transfer (sale), etc.. And the \

as Guangzhou, the first conversion of one of 17 companies, radio groups into four sectors,Moncler Outlet, respectively, of their subordinates into joint-stock companies,ugg outlet store, which turn the former military telecommunications joint-stock corporation changed its name to Hagrid communication.

\Corporation, registered in 2000 changed its name to Hagrid communications. \

Liangmiao Ming also said radio and television is actually the predecessor of the property maintenance group of 750 plants.

this reporter learned that, in 2000, Haig communications and broadcasting real estate has begun offering in radio work within the group.

this reporter obtained from a retired employee since 2000, the preservation of radio and television in the prospectus to see the property,moncler store, the object of the statement in the prospectus, the subscription price and subscription number of others have clearly defined, such as the number of terms specified in the subscription \the confidence of staff restructuring. \

staff Divestment confused

\disclosed.

reporter has learned, including Liangmiao Ming and other retirement early retirement before 2000 and no purchase options are still a number of retired staff and workers regarding the running for the shares.

2008 year, Liang Miaoming to Luogang District, Guangzhou City, filed suit, the Haig and Haig Communications Communications trade union committee to court, that \of 62,473.6 shares (including their investment), \

\I had to give in and sign the Employee Stock Ownership \reporter.

but ultimately Liangmiao Ming as with several other plaintiffs, did not get the desired results, Luogang District, Guangzhou City Intermediate Court and the decisions they have lost.

Guangzhou City Intermediate People's Court that the shareholders of the Company Law sense, refers to articles of association in accordance with the agreed share of the contribution of capital, registered in the register of shareholders and business files. Liangmiao Ming is the staff capacity to acquire shares, the first delivery of financial holdings in the union, trade unions again Haig communications investment, the trade unions are the shareholders. Therefore this case does not apply to the Company Law; the Court also held that the constitution is by holding the radio group head of Group Staff Representative Assembly adopted the resolution meeting, and later owned by Hagrid communications meeting of the Assembly resolution on behalf of employees, therefore, The charter contract with the investment nature of the binding holding employees.

Green law firm in Guangdong Dai Huiyong that the holding company law in the said constitution and statutes are two different concepts, company law in the alleged \the provisions of the development activities of the organization and the basic rules of written documents, are written down in the form of shareholders to the same intention. The basic feature is to have a legal nature, authenticity, autonomy and openness. And Hagrid holding the constitution is formed between the communication and holding a staff within the contract, the applicable object is holding workers, rather than to the organization and activities.

However, the radio group holding the constitution is the mysterious.

reporters found that radio and television real estate prospectus did not specify the conditions on the divestment.

another date in April 12, 2000 employee-owned radio group constitution, the reporter saw the Divestment in Article XIX of the instructions. \made a certain contribution to the operating personnel, upon application, the holding company will be submitted to the Board for approval,ugg outlet shoes, allowed to keep 5-year holding period; other relevant staff and general staff upon application, the holding company will be submitted to the Board for approval, allowing the retention 3-year holding period. reservation expired, must be transferred. \

\Most agree that after the entry into force '. \

technical quality of the original SVA Group Vice Minister Zhang Bacon told reporters that he has kept the April 21,moncler winter, 2000 meeting of the full original records, confirmed April 21 meeting of shareholders will be adopted without consideration constitution.

Divestment policy flip-flop

make these feel more satisfied employees have Divestment and puzzling is that Hagrid on the issue of communication in the Divestment \

in a large number of retired workers for Divestment, and even Aunt Lee aforementioned clinic staff, including some old, suffered after being forced divestment in advance, beginning in April 2007, Haig communication \\

2007 年 4 on 2, a document for the Hercules Employee Stock communication will be mentioned in the resolution, \telecommunications reform and lay the foundation for public offering of stock market. \

The April 2007 stocks began to reclaim what they can, this reporter did not get the exact view. Communication reporter recently telephoned Haig, chairman of Yang Haizhou, and he declined to discuss the matter. But to a reporter left a phone number, have problems to find his assistant, but this reporter finally found the so-called \

Hagrid communications and broadcasting by the real estate back in the end the total number of employees is the number of shares is not yet an exact figure, retired employees who share last fall to the hands, is a mystery.

Contact this reporter tried to interview Haig Communications ESOP employee stock ownership and the property will be broadcasting, but also failed.

\them? Moreover, countries do not have mandatory retirement laws,moncler outerwear, after employees have retired Divestment. So the core of their dispute on the constitution or in the ownership. \

diluted state-owned shares?

Hagrid communications and broadcasting in the real estate market for ten years on the road, in addition to suffering from divestment is reasonable doubt, the loss of state assets is also a point of contention.

reporter saw a June 2000 State-owned Assets Administration Bureau of Guangzhou City Paper No. 124, \batch City Commission for Restructuring the city on the full implementation of the reform of public views of small businesses, \element of the price to the employees.

It is clear that Haig had internal staff communications received Guangzhou Guo Ziju share transfer approval.

However, several subsequent capital increase, the radio group as a growing proportion of state-owned shareholding diluted decline.

communication according to the prospectus Haig, in Hagrid's first restructuring in the communications,UGG Bailey Button Boots, the radio group as the state holds 32% of shareholders equity, and then in May 2002 changes in equity is reduced to 25%, 7% of which were transferred to the trade union committee of the radio group (5.2%), Huang Xiuhua (0.5%), Zhang Zhaoxing (0.8%), Yang Haizhou (0.5%), while trade union committee of the radio group of which 0.5% of the shares again turn the text to the character Paul, who is not as natural in 11 of them, the direct holdings of Houhai Ge communication becomes 12 individual shareholders. The text of the original character is a radio group insurance union president, retired.

and radio groups to reduce the odds that the shareholding ratio, radio executives in the Group and Hisense have holdings. Yang Haizhou held in 2002 the proportion rose from 5.5% to 6%, while Zhang Zhaoxing from 1% to 1.8%. The experience after the change of equity, and now listed on Hagrid communications, radio Group holds 18.25%, 5.01% held by Yang Haizhou, Zhao Youyong 1.99%.

and more people do not understand is that Yang Haizhou and other executives bought shares in 2000, even most of the necessary funds or from borrowing over the radio group.

reporter from the South in 2000 the capital verification report issued by accounting firm and the verification that the note issues, Yang Haizhou payable in 11 natural capital is 5,668,992 yuan, Yang Haizhou, 11 people actually in cash 1,138,moncler online,061 yuan, the wage savings carried forward capital 1,289,376 yuan to 3,ugg boots sale,241,Online Shop Moncler,555 yuan funded Radio Group borrowings. Yang Haizhou, 11 were subsequently pledged the shares to the radio group.

\solution. \

Zhang Bacon calculations to the newspaper reporter, radio group from the time of the first 32% equity restructuring,Ugg Sandals, to only 18.25% pre-IPO equity. \

2000 年 8 replenishment of the month for the first time, the radio group to the proportion of capital increase is not the same, even the hand of 72 million in cash dividends are reinvested only 66 million, back 6 million, a direct result of the original 30 % stake diluted to 24%.

change from the radio and television can be seen in real estate equity, the first change of equity, in the state-owned shares decreasing instead of increasing, the Zhang Bolong replenishment of 580,000 yuan, 257,000 yuan Zhao Youyong capital increase, Chen Yubin replenishment of 252,000 yuan,ugg boots outlet, Tang Cheng Chen and Zhang Zhaoxing are replenishment 157,000 yuan, increasing cash and share capital should be allocated the amount of profit compared to more than 2 times the minimum (Zhang Bolong), and more than 7 times (Zhao Youyong).

In fact, communication and broadcasting in Hagrid real estate restructuring and capital increase, the radio was the principal leaders of the Group as Chairman Zhao Youyong, president Zhang Zhaoxing, who were also in the communications and broadcasting Hagrid held senior positions in real estate.

such Zhaoyou Yong and Zhang Zhaoxing has been broadcasting part-time chairman of real estate, Zhao Youyong also serves as chairman of the board had Hagrid communication. Haig is currently Zhao Youyong communication 663.04 million shares held by holding GRG 888.62 million shares, 300 million shares had been held by SVA Property (transferred); 2008 have been adjusted Ren Yuexiu Group as general manager Zhang Zhaoxing held Haig Communications 539.53 million shares, if the press after the completion of additional share capital of Jilin Pharmaceutical structure calculation, Zhang Zhaoxing currently holds 534.2 million shares of Jilin Pharmaceutical.

the reporter on this matter and write to the SASAC of Guangzhou City, interview invite, but as of this writing, not been back.

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