Shareholders Sue For Dissolution Of Beijing'S Big Kang Shoe City

On July 12th, two shareholders sued for the dissolution of Beijing DAC international shoe city Co., Ltd. on the grounds of business deterioration.

Two shareholders Wang Mou and WAN Mou sued that in June 2003, they were invested in 9 million yuan, and two companies invested 15 million 66 thousand yuan and 3 million 674 thousand yuan respectively. Wang was then vice chairman and general manager of the company.

Subsequently, the shares of the two companies were pferred to the Peng run real estate company. The chairman, the legal representative and the manager of the big shoe city were changed to the famous HUANG surnamed Volvo.

Two shareholders said that in August 2005, the company stopped Wang's management of the company, deprived the two plaintiffs of the right to participate in the company's decision-making, and the operation and management of the shoe city was entirely controlled by Huang Jia.

In the past few years, the city has not signed the lease agreement with the merchants, and has not yet received the rent. It has not yet opened an effective shareholders' meeting or board of directors. It has never disclosed to them the financial situation, paid them no wages, and has not paid dividends to shareholders.

At present, the rate of parking in the shoe city has dropped sharply, and all the quality businesses have been lost, and the company is on the verge of bankruptcy.

Two shareholders believe that shareholders' cooperation is at an impasse, and the company's continued existence will result in heavy losses on their huge investments.

Therefore, the court decided to dissolve the big Kang shoe city.

In the lawsuit, DAC shoes city and third people, another shareholder of the company, Beijing Peng run real estate holdings limited, agreed to dissolve the company.

But Tai Kang shoe city also said that the two plaintiff said that "continued operation would make its huge investment no gains, and the interests suffered heavy losses" is inconsistent with the facts.

The reason why shoe city agreed to dissolve was that the two plaintiff did not fulfill the duties of shareholders, and did not have the spirit of cooperation, and did a lot of damage to the interests of the company.

In addition, two plaintiffs and another shareholder of the company, Peng run real estate company, have not been able to form effective shareholder resolution for a long time. This leads to the fact that the work of the company can not be effectively promoted. The operation of the company is becoming more and more difficult, and the daily operation is indeed difficult to sustain. The shoe city's business is on the verge of closure.

Therefore, the purpose of cooperation between shareholders can not be realized, shareholders' interests can not be guaranteed, and the company continues to fail. After careful consideration, shoe city and Peng run real estate company agree to dissolve the company's demands.

The court held that Dadan shoes city and third people accepted the two plaintiff's claim and did not violate the law, and accordingly decided to dissolve the big Kang shoe city.

Both sides said they would not appeal.

Yesterday, Da Kang shoe city is still in business.

Mr. Zhang, the person in charge of shoe city, told reporters that shoe city has to run for some time. But how long and how to carry out the aftermath, he did not want to say more, and soon hung up the phone number.