World marketing comments (http://mkt.) Set the State the maximum amount of property auction records of Shenzhen Airlines Co., Ltd. stock auction period painting is not satisfactory. From equity transfer party Guangdong Development Bank stated that, auction contenders Wui investment co., Ltd. Shenzhen still have 20% of the shares shall not pay the total 5.44 billion. At this point, distance to auction the auctioneer's hammer has spent two years.
In May 2005, 23 June, Shenzhen Airlines 65% stake in auction, carrying the Shenzhen Wui Yi yang group Harbin to 27.2 billion "sticker shock" and defeat the bidding with field's opponents, Shenzhen Airlines, the second largest shareholder of Air China co., Ltd. (hereinafter referred to as "Air China"), has won wide release of Shenzhen Airlines 65% stake. Shenzhen Airlines thus becomes a private holding company.
Pursuant to provisions of State-owned property auction, Wui and billion-in August 2005, 15 days before the payment of 80% of the shares, to complete a transfer of equity ownership; in 45 days, you must pay 20% of the balance. But payment is not on schedule. The outside world for two private shareholders bidding qualification and fund-raising ability, but also across Shenzhen Airlines auction event.
Today, as off countries on illegal lending the Xinhua life funds Insider exposure, two years ago the field behind the equity trading Shenzhen Airlines Association also gradually emerged.
Although the illicit acquisition of source of funds, trading program violations, equity section has outstanding, new shareholders Wui master Shenzhen Airlines has a fait accompli. The sixth largest airline in China has completed a capital increase at the beginning of this year — $ 500 million capital increase, also from the off state of the call. Wui behind all kinds of practical financier, expend access to Shenzhen Airlines control, it is seeking to cash in and withdraw.
The twists and turns and vivid Chinese capital story has staged two years, but has not yet ended.
Zigzag shares
2005 Shenzhen Airlines auction of two important scenes, Lee Yi and off State. "Wui won Shenzhen Airlines, by Li Yi of relations, off State on money. "Close off state of the person who has this to say.
Now, the 54-year-old Li Yi as Liaoning xingcheng, has served in the military sector, production and management to senior management, but also because of economic crime in the criminal matter has been jailed for three times. When the wide release of 2004 's desire to sell the Shenzhen Airlines equity, when Lee Yi to the foreground, at this point his ID card's name has been changed to Li source.
Although there are Li Yi relationship when it depends, but has no status and the capital shall be with the others, to the acquisition of Shenzhen Airlines. By the end of 2004, he promoted Beijing contemporary group to private enterprises competitive procurement Shenzhen Airlines shares. At this point, Shenzhen Airlines equity bid to many, including foreign AIG (AIG), a new bridge capital; domestic financial giants CITIC group, ping an insurance, including Shenzhen Airlines, 25% of the air, the second largest shareholder, holding of 10% of the total logistics enterprises in Shenzhen City.
Born military enterprises of contemporary group quote 15.73 billion bid for wide release its assets management company wide control group holds 65% equity interest of Shenzhen Airlines. In January 2005, the control group from Guangdong Provincial Government for reporting, prepared to accept the offer of contemporary group. But at the last moment, Air China and total logistics strongly opposed to advocate the old shareholders have the option to purchase. The deadlock, the Guangdong Provincial Government is ultimately decided by public auction.
On May 23, the eve of the auction, the auction of contemporary group suddenly exit camp, instead of previously has never been a Wui and Yi yang.
WUI is designed for auction, set up by the project company, before March 2005 in Shenzhen, the registered capital of 10 million Yuan, when Lee Yi Chao, Qin Wan-yi,, song zu jade launched four shareholder, Li Yi, 89% of individual shareholders. Yiyang is famous of Harbin to private enterprise, the communications industry, have listed billion yangxin (Shanghai Stock Exchange code: 600289). Boss Deng Wei is the CPPCC National Committee members.
External ex post I realised, contemporary group at the last minute to exit bid, mainly because of the fear that the auction will lead to an unbearable high prices. And enter a yiyang lies in the district to 1000 million registered capital of Wui itself not auction qualification, and secondly because when Li Yi at will.
Similarly because competitors Air China's pressure, Li Yi shortly before the auction, the transfer of all shares chihui Yun called Zhao Xiang. Air China, refers to when you were still Li Yi is bail out. Now 67 years old, Zhao Xiang also from the Northeast, has served as Mayor of Huludao city, Liaoning province, retired from Liaoning and Shenzhen, Shenzhen local network, with its own business.
Ultimately, Wui and billion-Yang to 27.2 billion offer, defeated the Air China and Shenzhen's bidding consortium.
In winning the auction, Wui or even did not raise to the first payment of 30% of the equity 8.16 billion. Li Yi, and others to do this everywhere, "I and off power light is found in the fifth or sixth funding parties. "Western credit guarantee co., Ltd, Chairman Liu Biao said.
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