*ST Closed His Door And Shared &Nbsp With Each Other.

*ST "9" orientated "prior" determination

*ST yesterday announced the announcement of the private placement, and the procedures of the general private placement need to go through an inquiry and so on. The final subscribers and prices are different. The *ST minister has confirmed the target of the announcement on the program disclosure: Peng Xin group, de Dao Hui, Qing Wei Textile, sai Fei automobile, Shanshan control stock, security software, Xuan Tong industry, Zhang Chunlei and Zhang Huawei, and a total of 9 specific investors.

Specifically, Peng Xing group, Shanshan holding company, Xuan Tong industry, Zhang Chunlei and Zhang Huawei are all shareholders of Peng Xin mine. They share the 95.8% stake in Peng Xin mine.

Data show that in January 19, 2010, Peng Xin group set up Peng Xin mine investment, registered capital of 200 million yuan.

In June 8th of the same year, Peng Xin group increased its capital and changed its registered capital to 300 million yuan.

In July 1st, Peng Xin Group invested 10% stake in Peng Xin mine for 30 million yuan to Cheng Jianling, a natural person.

In July 2nd, Peng Xin group increased its capital by 300 million yuan in cash.

In July 12th, Shanshan holdings, Zhang Chunlei, Zhang Huawei and Xuan Tong industries invested 150 million yuan, 100 million yuan, 100 million yuan and 50 million yuan to invest in Peng Xin mine respectively. The registered capital of Peng Xin mine changed to 714 million yuan.

Shanshan holdings and other 4 shareholders in July last year to increase investment Peng Xin mine investment, and now intends to participate in the *ST joint Chen private placement, the latter raised capital is added capital Peng Xin mine investment.

This is undoubtedly a matter of great concern whether the two replenishment is early related.

Besides, 5 shareholders, including Peng Xin group and Shanshan holding company, will also participate in the 4 shareholders of the *ST joint venture, such as Tak Road, and so on.

Tak Tak Hui was founded in November 24, 2009, and its civil rights are the actual controllers. By the end of 2010, the total assets of the company were 1 million 514 thousand and 500, the owner's equity was 1 million 27 thousand and 400, and the net profit was 27 thousand and 400.

Wei Wei Textile was founded in March 3, 2006, Mao Jinzhong is the actual controller. By the end of 2010, the company's total assets were 1 million 309 thousand, owner's equity 406 thousand and 500, and net profit -2.88 million.

Sai Fei motor was founded in May 23, 2002, Liu Shuangyun is the actual controller. By the end of 2010, the company had a total assets of 5 million 80 thousand and 300, owner's equity 5 million 52 thousand and 800, and net profit of -13.66 million.

What is more worth mentioning is the enterprise software, founded in July 25, 2000, Zhang Leshan as the actual controller. By the end of 2010, the company had a total assets of 416 thousand and 800, owner's equity -2.32 million, and no revenue was generated in 2010.

A company without any income and insolvency will participate in the *ST joint venture's private placement and subscribe for 2 million 500 thousand shares, which will require about 36 million of the total capital. Its operational logic and risk prevention are intriguing.

According to the disclosure, security company software controlling shareholder Zhang Leshan is the *ST spouse director He Changming's spouse.

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