The Head Of The Pathfinder Is Now Voting Against It.

< p > since listing, < a href= "http://www.91se91.com/news/index_x.asp" > Pathfinder < /a > has always been the leader in gem.

Especially in the past two years, the profit growth rate of the company has increased significantly. Last year, the net profit growth rate reached 98.81%. In the first three quarters of this year, it also reached 51.16%, much higher than most GEM companies.

The company's share price performance is also very good. As of yesterday (December 24th), the first day after the first day of the listing, the price of the 28 GEM stocks rose by 67.48%, ranking first.

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< p > however, the road of explorers' adventure is not smooth sailing. Last month, the company has just clarified that the 336 million of the inventory and sales rate dropped by 10 points after being reported by the media. In December 20th, the first objection appeared on the board of directors of the company's investment consideration. When the chairman of the board voted for the strong vote, Wang Jing, the director of the company who voted against the company, announced the announcement from the company's listing. It was the wife of chairman Sheng Faqiang.

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< p > < strong > since the head of the board is listed, the vote No. /strong > /p >.

< p > December 20th, the board of directors of the Pathfinder passed the motion on the establishment of Discovery new brand joint venture company, which was approved by 4 votes in favour, 1 votes against and 0 abstentions. Among them, the directors Peng Xin, Jiang Zhongfu and Zhang Cheng avoided the voting.

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< p > reporter noted that this is the first time a board director has voted against the Pathfinder since its listing.

Looking at the previous announcement, Wang Jing, director of the board of directors, had also been absent from the board of directors due to work reasons, but the first time a board of directors has voted against the bill is still on the way.

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< p > it is noteworthy that in the voting of this board of directors, Sheng Faqiang, the chairman of the board voted for the vote, while a href= "http://www.91se91.com/pioneer/" > Wang Jing < /a > voted against it; the two person was the controlling shareholder of the company, of which 31.63% were Sheng Qiang and 14.19% of Wang Jing.

Judging from the announcement of the company's listing, the two people are husband and wife relationship; the theme of the course notice issued by the school of economics and management of Tsinghua University in March 1, 2012 is "the road of entrepreneurship for Pathfinder entrepreneurs." the guests are Sheng Fa Qiang and Wang Jing. In the announcement of the controlling shareholder's announcement of the launch of the explorer in December 4th this year, Wang Jing was called the consistent action of Sheng Fa Qiang.

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< p > announcement shows that the new joint venture will take DiscoveryExpedition brand as the carrier and focus on the rapid rise of the domestic "a href=" http://www.91se91.com/news/index_s.asp > outdoor leisure market < /a >, and at the same time, with the help of the professional and large-scale advantages of the Pathfinder in the domestic outdoor products industry, we will strengthen the operation and management of the joint venture company, enhance the visibility and influence of the brand in the domestic outdoor products industry, and promote the sound development of the joint venture's business.

The DiscoveryExpedition brand was founded in 1985 by the DiscoveryEnterprisesInternational under the US Discovery discovery channel (DiscoveryCommunica-tions), positioning high-end market, emphasizing the spirit of exploration and innovation. It is the world's most widely distributed TV brand.

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< p > in addition, from the company announcement, the joint venture company will be operated by the Pathfinder in the first three years after its establishment.

According to the company's announcement, in order to maximize synergy and reduce operating costs, the Explorer is responsible for the operation and management of the joint venture company at the initial stage of the joint venture. In the later stage, the management team headed by the general manager should be established at the right time according to the development of the joint venture company.

As a reward for the operation of the Pathfinder, if the Pathfinder completes the sales target of no less than 80%, the joint venture company will pay the custodian fee of the Pathfinder annually. From 2013 to 2015, the hosting fee will be paid 4 million yuan, 5 million yuan and 6 million yuan respectively, and the custodian fee will no longer be collected after 2016.

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< p > < strong > non controlling joint venture or objection to main cause < /strong > /p >

< p > for the reasons for the vote, Wang Jing, the Pathfinder director, explained that: at this stage, the company should concentrate its resources on the construction and operation of the brand business of the Pathfinder, constantly enhance the reputation and professionalism of the brand of the Pathfinder, and, because the new establishment of the new company will distract the senior managers of the Pathfinder, so it is not suitable for large-scale investment in resources to expand the new brand business at present.

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< p > public information shows that the newly established joint venture company has a registered capital of 50 million yuan, all in the form of currency.

Among them, the Explorer invested 18 million yuan in his own capital and held 36% stake; Jiangsu Jia Mao invested 29 million yuan, holding a 58% stake; directors of the company Peng Xin, Zhang Cheng and Jiang Zhongfu invested 1 million 500 thousand yuan, 500 thousand yuan, 250 thousand yuan, each holding 3%, 1% and 0.5% shares; Jiang Wei invested $28 yuan, holding a stake of 0.5%.

Obviously, from the shareholding structure of the joint venture company, the company only accounts for 36% of the shares, and the real controlling shareholder is Jiangsu Jia Mao.

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< p > reporter noted that Jiangsu Jia Mao is actually Yang Jianhui and Chen Hongqin's husband and wife, holding 70% and 30% shares respectively, with a registered capital of 10 million yuan.

At the same time, they are also the actual controller of trade. This company is the agent of sports brand Nike, Lining and Anta in Jiangsu area, and also the agent of leisure brand LEE in Jiangsu and Shandong region. At present, there are about 1100 self run and franchise chain stores.

It is worth noting that Jiang Wei, the 1.5% equity holder of a joint venture company, is the director of the investment department of Sino - foreign trade.

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< p > in other words, the explorer and the three executives together hold 40.5% stake in the joint venture, while Yang Jianhui, Chen Hong Qin and Jiang Wei have another 59.5% stake, so the Pathfinder has no control over the newly established brand.

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< p > a brokerage analyst told reporters, "because the company is not a controlling shareholder, the development of the joint venture has little impact on the company. It is estimated that this is the main reason why Wang Jing voted against the joint venture."

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< p > for the above questions, the reporter has called the Pathfinder. The company's securities representative said that the interview must be registered and the interview should be sent to the company's mailbox first. Before the press release, the reporter still did not receive substantive reply.

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