Big Shareholders Ambush Six Sides

15 yesterday, e Wu business aimed at Shareholder Wuhan state assets department and two shareholder Yintai Department control power The announcement of the dispute is that the total shareholding of Wugang and its related parties, including state-owned assets companies, Han Tong Investment and concerted action, through the development of investment, development and investment, Wuhan Iron and steel industrial and Municipal Federation of trade unions, A Hua beauty clothing and municipal construction office, accounted for 24.52% of the total share capital of the company, and is still the largest shareholder of the company. This is also the two shareholder in April 13th. INtime The third increase to 24.48% after the new movement of Wuhan state assets department.

Three rounds of competition, weak post-war gap

In March 28th, the Yintai group raided the company and increased 477187 shares of the company. The shares held by Yintai Department accounted for 22.71% of the total share capital. For the first time, it was more than the largest shareholder in Wuhan. However, the state owned Assets Department of Wuhan soon found an ambush, with a total stake of 22.81% and 0.1% of the anti - Yintai system. Yintai then increased its stake in Wuhan to 23.83% in April 6th, leading 1.02%, and the State-owned Assets Department of the country once again summoned the alliance, increasing its shareholding ratio to 23.99%.

It did not give the Wuhan state assets any breathing time. In April 13th, the Yintai Department continued to increase to 24.48%, taking the advantage of 0.49% for the first time, and this time, the Wuhan state owned Assets Department responded quickly, and asked four ways to save the troops. At that time, the state-owned shares of Wuhan increased to 24.52%, with only 0.04% of the advantage.

The two sides will fight in the future, and Yintai needs more capital to increase their holdings. Wuhan's state assets department may move more troops.

However, in the third confrontation, Wuhan's State Assets Department seemed to have some stamina. In the third round of competition, Wuhan's state assets department needs four road reinforcements to regain control power, while the Wuhan Iron and steel industrial and Municipal Federation of trade unions, A Hua, the United States clothing and the municipal unification office not only have fewer shares, but also have less contact with the Wu Shang alliance than the previous two times. Investors do not know how many of Wuhan's state assets are ambushes. And Yintai department still has the spare power and Wuhan state assets department. Statistics show that Yintai is also holding up 18 million 810 thousand shares of its [8.67 0.81% shares in the 100 largest group while the price range is between 8.33 yuan and 8.84 yuan, at least 156 million yuan. Public information shows that in April 13th, the Yintai group increased 3312085 shares in the two tier market, and only 63 million 724 thousand and 500 yuan was spent on the closing price of the day. The cash flow from the 100 largest group was still about 90000000 yuan, and it was not difficult to exceed the 0.04% advantage that the Wuhan State Assets Department maintained.

Three, the possibility of restructuring is small.

On the other hand, Wu Shang Lian's e Wu merchants, Wuhan hundred [0.00 0% shares], Wuhan Chinese commercial [0.00 0% shares] three yesterday continued to halt at the same time, the announcement plans to plan important matters, since 14, the suspension. This also prevented Yintai department from continuing to increase its holdings through the two tier market. The market then came out that Wu Shang Lian might seize the time of "suspension" and "seize the time", but it is very difficult to produce the right plan in such a short time. The state owned Assets Department of Wuhan is more likely to raise money by the time of suspension.

In view of the possibility of restructuring the three listed companies of the market communications company, analysts generally believe that the possibility of three restructuring is relatively small. Three companies have not responded to the restructuring news before the two companies stop trading, and the three merger will waste two shell resources.

Journalist observation

Asymmetry of discourse power

Yintai's pursuit of control over Hubei and Wu merchants also made the market speculate on its real motives. At present, the aim of Yintai group seems to be the first shareholder of EWU. After the repeated increase, the equity gap between the two sides is very small, but the Yintai system is still on the decline in the decision-making power of the company's major matters.

According to the annual report of 2010, the seven directors of the board of directors of the company accounted for only three, while the State-owned Assets Department of Wuhan accounted for four. Wuhan's state owned Assets Department still has a stronger voice than the Yintai department.

The managers of the company are also mostly owned by the State Department of Wuhan. Besides directors and part-time managers, five of the seven deputy general managers are from the State Department of Wuhan and only two from Yintai department. If Yintai succeed in winning the throne of the first shareholder of e Wu business, if we want to gain substantive power, we need to rearm the existing board of directors of the company.