Restricted shares of listed companies when the mouth, holding this part of the shareholders are suddenly confronted with compulsory liquidation, this strange thing happened recently in the Neusoft Group (600718, closing price of 14.06 yuan) and Dan Fu shares (002,366, close 17.63 yuan) body.
March 21 announcement that Neusoft Group, the company's second-largest shareholder of Chengdu Science and Technology Xu Hui Co., Ltd. (hereinafter referred to Hui Xu, Science and Technology) is under compulsory liquidation, the holders of 210,000,000 shares of Neusoft Group, Science and Technology will Hui Xu transfer its stake to 137 under the name of individual shareholders, including 13 executives of Neusoft Group. "Daily News" reporter found that the application of technology for the liquidation of Xu Hui is precisely the 137 individual shareholders; In addition, Hui Xu technology holds 2.1 million shares restricted shares had just lifted the ban on March 14.
March 19, shares the same Dan just received notice the company's fifth-largest shareholder, the shareholders also decided to dissolve the corporation, liquidation, while the five largest shareholders of 4,865.30 million shares to not less than 170 is classified under the name of individual shareholders, This part of the shares of the lifting of the ban time is March 14.
For in the strange behavior of the two companies, industry analysts gave away the secret: "First is to tax avoidance, followed easily underweight."
3 times annual investment appreciation
Hui Xu technology in liquidation announcement released at the same time, Neusoft Group also published a report on changes in equity. "Daily News" reporter to see in this report, including Chairman and CEO Liu Jiren, Xu Hui Zhao legal representative of science and technology, including their share of the 13 top executives hundreds of million shares of Neusoft Group. The reporter called the companies and staff of the Office Deputy General Manager Zhao acknowledged that only part of the list, "because the share of the shares of other company personnel are not executives, the company did not disclose the obligations."
Science and Technology Hui Xu Hui Xu of Shenyang before the name. November 5, 2007, Shenyang
Neusoft shares in June 11, 2008 changed its name to the present Neusoft Group. Through semi-annual report 2008, implemented after the 2009 annual report disclosure of the distribution plan, Shenyang, Xu Hui rapid increase in the number of shares to 2.1 billion shares, net of after-tax dividend income 29,413,900 yuan twice, fell to 1.36 yuan per share for the cost of the control Neusoft Group, yesterday's closing price, this part of the stock has appreciated over several times.
Dan just shares the third, five, seven, eight shareholders, long and the company, Minjiang company, built the company and Kang Hai River Company, a total of 172 shareholders. These shareholders are just the original four Chuandan compressor limited liability company employees, these costs only 5.02 yuan per share, were yesterday's closing price of shares just Dan, but also appreciated by 2.5 times.
The two are not related companies, in the same interest in the context of the same changes in their way, What is the secret of which it?
Analysts: liquidation is to tax avoidance
Typically, an application for compulsory liquidation are creditors, however, the "Daily Economic News" reporter access to electronic files Hui Xu technology found application executor is Hui Xu technology actually 137 individual shareholders; instruments to take effect for the March 15 to the Neusoft Group Restricted shares the next day.
Restricted shares can now be traded, the original investment has also been a significant appreciation of why the shareholders are asking for mandatory liquidation of the company do? In this regard, Datong Securities analysts said the one in a reason: "This has two purposes, first, to tax avoidance, followed by the easy reduction."
Under the current tax rules, Hui Xu, share technology in a gain reduction of Neusoft Group, the need to pay 25% corporate income tax; again when individual shareholders to distribute the profits needed to pay 20% of personal income tax. "Now they will be apportioned to the shareholders of shares personal accounts to pay only 20% of personal income tax." Chengdu
According to the "lifting of restrictions on sale of stock of listed companies guidance on transfer of shares", "Hui Xu technology holdings in the secondary market after the lift in order to sell, by agreement, can only sell 1% a month, more than this amount should be through the exchange of bulk the transfer of trading systems, but also to make an announcement. "the analyst said," sharing, the executives may still be restricted, but others much more convenient to be underweight. "
Company: liquidation and tax avoidance, reduction of independent
For the above argument, Neusoft Group Deputy General Manager Office staff Zhao denied, but said the technology is unclear why the mandatory liquidation Chuhui Xu; Hui Xu, the capacity of science and technology, explains: "Our company's registered business scope is computer hardware and software research and development, technical advice, technical services, if it continues to do so, with the listed companies have the same competition. In addition, the company also do encounter a problem, can not remain in business, so to apply for a compulsory liquidation. "He denied that the liquidation is to tax avoidance and to facilitate reduction, for the clearing time and the time Restricted Shares so close to lifting the ban, only said: "just a coincidence."
Dan Fu Wu shares of securities transactions on behalf of their hometowns on the "Daily News" reporter, said: "Five is a corporation the company itself, if it continues to exist, need to pay various taxes, why they were liquidated. We are both the formal procedure, not compulsory liquidation. "shares in the Dan announcement just shows that five corporations are reviewed and approved by their respective shareholders and the disintegration of the liquidation.
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