The Largest Shareholder Of Meyer Was More Than 170 Million &Nbsp, And The Buyer'S Equity Premium Was Harvested.

First, background interpretation:

With the rapid development of online shopping, consumers can enjoy the pleasure of shopping without leaving home. In recent years, with the complete supporting facilities of e-commerce, online shopping has entered the era of "great leap forward".

According to the upcoming China e-commerce market monitoring report released by the China Electronic Commerce Research Center, the scale of online shopping pactions in China continued to grow rapidly in 2009, reaching 260 billion yuan in 2009-2010.

It is also predicted that this rapid growth trend will continue in the next few years.

However, if the industry develops to a certain period of time, if it lacks the relevant laws and regulations, it will be difficult to ensure its healthy and rapid development only by relying on the discipline of the industry.

Facts have proved that

In this regard, the SAIC issued the latest Interim Measures for the management of online commodity trading and related services, hereinafter referred to as "measures", which will be formally implemented in July 1st.

Regarding this, the China Electronic Commerce Research Center believes that this will bring positive significance to improving the network trading environment, standardizing the trading behavior, promoting the development of online shopping and meeting the needs of consumers.

Two. Impact analysis:

1, involving objects

China

Among them, the administrative department for Industry and commerce refers to the administrative departments for Industry and commerce above the county level (including county level); network commodity operators refer to legal persons, other economic organizations or natural persons who sell goods through the network; and network service operators refer to legal persons, other economic organizations or natural persons who provide operational services through the network, and website operators who provide network paction platform services.

2, real name Taxation

The "Regulations" stipulates that natural persons who engage in commodity trading and related services through the Internet shall apply to the operators providing network paction platform services and submit their real name information, such as their names and addresses.

Those who have the conditions of registration shall go through the registration of industry and Commerce in accordance with the law.

In this regard, the China Electronic Commerce Research Center believes that it is imperative to establish the network real name system for the establishment of the credit network management system, and requires some online shops to register for business.

This has also led to many sellers' doubts about "taxation". The online store attracts consumers by "cheap and good quality", but the real name system will pave the way for the "charging system". In the future, the online shop should refer to the relevant tax system of the entity store, and pay relevant fees to the industry and Commerce and taxation departments.

As a result, it will increase the operating costs and risks of online stores, and raise the price of commodities in disguise.

On the one hand, from the current situation of online trading platform operators, the real name system of online shop is difficult to start even if it is taxed.

China Electronic Commerce Research Center believes that although some online trading platforms introduce real name system, sellers' personal information is still asymmetric.

For example, since Taobao started its real name system since its inception, the seller can not change the cancellation information after the sale of the seller, and Taobao also has no measures to update it at the later stage. There are widespread problems of selling identity cards to open shop, pfer, lease and so on. That is to say, the real operators of the net store and those who pass the real name authentication may not be the same person, and the network trading market needs to be rectified.

Therefore, in the short term, the tax authorities should not be too small to levy taxes on the shop.

On the other hand, from the current situation of online commodity operators (mainly here refers to individual online stores), the "registration conditions" and "registration of business registration according to law" mentioned in the "measures" do not specify what registration conditions should be specific, which needs to take into account the scale of operation, turnover and other aspects.

In the near future, taxation of online shops should also be made clear in time, including the starting point of Taxation and the specific policies such as tax reduction and exemption.

In the long run, tax collection is inevitable and is the way to go to a certain stage.

3.

The provisions of the Measures stipulate that the provision of electronic format contract terms by network commodity operators and network service operators shall comply with the provisions of laws, regulations and rules, determine the rights and obligations of both parties in accordance with the principle of fairness, and shall, in a reasonable and significant manner, draw consumers' attention to the clauses that are of great importance to consumers' rights and interests, and explain them in accordance with the requirements of consumers.

At the beginning of this year, the "order gate" incident of B2C Amazon, with the excuse of "terms of use", staged a dispute over the jurisdiction of the court between consumers and excellent network. However, the excellent network did not express the terms of the relevant court jurisdiction of the "terms of use" and was suspected of being a "overlord clause".

Therefore, for the "reasonable and significant way to draw consumers' attention to the rights and interests of consumers" provisions further clarify that network operators need to operate in accordance with the law and safeguard the legitimate rights and interests of consumers are not infringed.

According to the "Regulations", network commodity operators and network service operators shall not make unfair or unreasonable provisions to consumers in terms of electronic form contract terms, or reduce or exempt operators from their obligations or responsibilities, or exclude or restrict the main rights of consumers.

The provision, especially the "overlord clause" of network operators, is annotated.

In this regard, the China Electronic Commerce Research Center believes that this will safeguard the legitimate rights of consumers, especially the problem of "returning goods" to individual shop operators. For example, many online stores have "buyers must read", "take the commodities equal to the terms of the paction", "the terms of the store do not agree with them, please make a detour", "take the commodities equal to the above terms", so as to relieve or relieve their business obligations and responsibilities, and even restrict the consumers' main rights.

4, information security

In accordance with the sixteenth article of the measures, network commodity operators and network service operators have the obligation of safe storage, reasonable use, Limited holding and proper destruction of consumer information collected from consumers. They must not collect information that is not related to the provision of goods and services, and have to be used properly, not publicly, rented or sold.

Unless otherwise stipulated by laws and regulations.

Twenty-fifth, operators providing network paction platform services should take necessary measures to protect the safety of data and information related to business secrets or personal information of operators.

The parties may not disclose, pfer, lease or sell the names of the parties involved in the paction, paction records, and other data involving the operator's business secret or consumer's personal information without the consent of the third parties.

Unless otherwise stipulated by laws and regulations.

Therefore, the China Electronic Commerce Research Center suggests that operators should establish a sound information security system to prevent the network attacks from causing information leakage.

We also need to shoulder the obligation to maintain information security for consumers.

At present, consumers' information security risks are escalating. Online stores are openly selling identity messages and "spam messages" without interruption of harassment.

The phenomenon is repeated.

For those who infringe on consumers' personal information, they should be severely punished.

However, the "violation of consumers' personal information should be warnings, ordered to be corrected within a specified time limit, and a penalty of not more than ten thousand yuan shall be fined", which is still worth discussing.

5, supervision of rights protection

First of all, for the operators of the network paction platform service, the operators providing "network paction platform service" shall stipulate the "consumer dispute settlement and consumer rights self-regulation system". The disputes arising from online shopping and the coordination management of the network paction platform service providers need to bear the brunt. Therefore, managers must have a strict, orderly and efficient right protection system for the management of tens of thousands of complaints and disputes that may occur every day.

Secondly, for the administrative departments of industry and commerce, the "Regulations" stipulate that "credit archives should be established."

Record the results of routine supervision and inspection, investigate and punish illegal acts, and implement credit classification supervision on online commodity operators and network service operators according to the records of credit records.

This requires that the administrative departments of industry and commerce above the county level (including the county level or above) should be targeted according to the regional conditions.

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For example, in the afternoon of June 30th, the Zhejiang industrial and Commercial Bureau launched the "eight initiatives" to regulate the healthy development of the network economy, such as opening up convenient channels for Internet users to protect their rights, using the advanced network technology to carry out online inspections, and gradually improving the network supervision and law enforcement system eight.

Sun Deliang, chairman of the online business treasure (002095, SZ), represents the 31 e-commerce enterprises in Zhejiang province that pioneered the full implementation of the network real name system, and read the "Declaration on the construction of network business civilization" jointly published by Zhejiang Internet merchants.

In the declaration, as the representative of the leading enterprises in the first batch of real name system in China, Sun Deliang said: fulfilling all the obligations and responsibilities of the network commodity operators and network service operators stipulated in the measures, carrying out the work of checking and registering the real names of personal identities, identifying personal identities online, and lighting the market subjects according to law, establishing a fair and fair credit evaluation system and credit disclosure system, consciously maintaining the harmony and stability of the network market, and undertaking the responsibility for standardizing the industry order.

No doubt, these are the major practical measures for China's local industry and commerce departments to effectively implement the supervision measures, and they have taken the lead in the whole country to a certain extent. This is also worthy of reference from other industrial and commercial administrative departments in other regions.

8.83,0.16,1.85% today issued a report on the change of rights and interests on the 29 day block trading, behind which the seller is the largest shareholder of Hubei Meyer group.

According to reporters from the group, the reduction of major shareholders is only due to project capital needs, and for a long time (more than one year) will not be reduced.

The Shanghai Stock Exchange's block trading system showed that there were six major pactions on the 29 day of Meyer, with a total turnover of 17 million 900 thousand shares, accounting for 4.97% of the total share capital, and the total turnover was 173 million 600 thousand yuan.

By the end of last year, the largest shareholder of Meyer was a special account of state-owned shares, holding 60 million 680 thousand shares, and the second largest shareholder, Hubei Meyer group, owns 30 million 200 thousand shares.

At the end of May this year, 60 million 680 thousand shares of the national stock were pferred and owned by Hubei Meyer Group Limited.

In this way, Hubei Meyer Group Co., Ltd. owns 90 million 880 thousand shares of the company and is the largest shareholder of the company.

After this reduction, the company still holds 72 million 980 thousand shares, accounting for 20.27% of the total share capital, and is still the largest shareholder.

According to the announcement, in June 7th, the 90 million 880 thousand shares of the group were lifted.

Within one month of lifting the sale limit, Meyer group was eager to cash in. Why? In today's announcement, Meyer group did not disclose the reasons for its reduction.

But reporters learned from the people of Meyer group, the reduction of major shareholders is the group company's project investment needs funds.

After this reduction, the major shareholders will not be reduced in the next long period of time (more than one year).

Moreover, large shareholders will not sell control rights.

Statistics show that Hubei Meyer Group Co., Ltd. was founded in 1985. It is one of the largest textile and garment production and export bases in China. It is an export-oriented textile and garment enterprise.

In recent years, Meyer group has made great efforts to develop brand strategy. In 2009, the group set up 100 new sales outlets nationwide, and the basic work of achieving two coverage in the province is progressing smoothly.

Hubei Meyer group's strategy to expand the domestic market is synchronized with the main beauty of the textile and apparel industry.

In recent two years, Meyer group is also expanding the layout of domestic demand market.

It is worth noting that the bulk paction price of 9.7 yuan per share, which is far higher than the two day market price.

On the 29 day, the Shanghai stock market fell sharply and the Shanghai Composite Index fell 4.27%.

Meyer is also not immune. Its share price dropped from 9.38 yuan in early trading to 8.67 yuan.

It can be seen that the bulk trading price is 11.88% higher than the closing price of the stock.

Yesterday, the lowest price fell to 8.3 yuan / share in the market, but the market ended up to 8.83 yuan, so that the day before yesterday's developers could reduce their losses, but it still lost 8.9% compared with the paction price.

A total of 15 million 570 thousand yuan was lost.

Analysts believe that this shows a variety of possibilities for pactions. First, equity trading belongs to the nature of controlling shareholder's optimization of ownership structure or the introduction of strategic investors and so on. Therefore, paction price is not important; the two is to share control rights, so the buyer is willing to pay a certain equity premium.