The 99% Stake Of The Nine Herd King Is Controlled By The Family &Nbsp; The Shareholders' Meeting Is A Family Gathering.

Men's clothing will be purchased on IPO 19 this month.

according to

Statistics show that investment in Jinshi investment is a wholly funded direct investment institution of CITIC Securities, and CITIC Securities is exactly the sponsor of King Mu.

In March 23, 2010, Jinshi investment subscribed for 2 million 930 thousand shares of the nine Kulu shares at a price of 8.5362 yuan per share. The total subscription price was about 25 million 10 thousand yuan, with a shareholding ratio of 0.6468%.

The top five shareholders of the company are investment companies and do not operate other businesses, that is, purely financial investors.

The actual controller of the company is Lin Congying, and Lin Congying indirectly controls 337 million 500 thousand shares of the company through the controlling shareholder of the company, accounting for 74.5148% of the total share capital issued before the company.

The latter four investment companies are controlled by Lin Congying's relatives. They are Chen Jindun, Chen Jiapin, Chen Jiaya and Chen Mei, all of whom are Lin Congying's relatives.

That is to say, in addition to the 0.6468% stake in Jinshi investment, the remaining 99.35% share is controlled by Lin Congying and his family.

Netizens "profiteers ceramics" said in their micro-blog family members including Chairman Lin Congying and his father, brother, wife, brother-in-law, brother-in-law son, brother-in-law, brother-in-law son, another brother-in-law, brother-in-law wife, wife and sister, son-in-law, son-in-law, his father.

Therefore, some netizens joked that the nine shareholders' meeting was actually "family reunion".

Earlier media reports said Lin Congying, the incumbent chairman, had taken illegal measures to grab shares of the former chairman of the board and his uncle Lin Qiren 80%.

It is reported that after the failure of the king of nine livestock to go public on the Hong Kong stock market, it was precisely because Lin Qi Ren's objection to the king of nine herd listed was accepted by the Hongkong Securities Regulatory Commission.

In addition, before the listing, nine Mu Wang applied for ten patents, seven had been approved, and three have yet to be approved. These are all patents of the company, and the gold content is not high. Whether the application for patent is a cosmetic prospectus is rather questionable.

From the financial situation, it is not optimistic. King Mu was accused of whitewashing financial data. The asset liability ratio was high. His operating income was only 10% of YOUNGOR's profits.