Double Star Celebrities, State Owned Shares, Completely Pferred To Private Sector

In February 27th, 16.59% of the state-owned property rights of Qingdao Double Star Industrial Limited by Share Ltd (hereinafter referred to as "double star celebrities") was pferred by the Qingdao SASAC, and the pfer price was 15 million 850 thousand and 200 yuan.

After this step is completed, double star celebrities will achieve full withdrawal of state ownership and pform into private enterprises.

This is also the last step after the double star shoe industry quit from Qingdao double star Limited by Share Ltd and pferred to double star celebrities, and the dispute between double star celebrities and southwest double star and Ji'nan double star took place. After recovering the channel control power, double star celebrities completed privatization.

In March 4th, Qingdao Property Exchange staff told the newspaper that there was no bidder at present.

Industry analysts believe that Refco Group Ltd, the president of the two star Refco Group Ltd, the general manager of Qingdao Binxing and Wang Hai, the general manager of the two star celebrities, will become the ultimate owner of the shares.

The Qingdao Property Exchange issued the notice of pfer. From February 27th to March 26th, the 16.59% state-owned property rights of the two star celebrities were publicly pferred on the Qingdao property exchange, and the total assets were assessed as 354 million 619 thousand and 100 yuan, with a total liabilities of 287 million 138 thousand and 100 yuan and a net asset of 67 million 481 thousand yuan (adjusted net assets of 66 million 456 thousand and 700 yuan).

The listing price is 15 million 850 thousand and 200 yuan.

If a bidder is present, 10% of the total amount of the tender must be paid as a deposit.

This is the second time that the double star footwear industry has been listed on the Qingdao property and equity exchange for the second time after the pfer of the assets of Qingdao's Twin Star shoemaking business in October 12, 2007.

The first listing is to achieve double star footwear assets from Qingdao binaries to double star celebrities.

This paction is to achieve the withdrawal of state-owned shares from the stars.

Qingdao double star and double star celebrities are subsidiaries of the two star group. Wang Hai is also the chairman of the two companies.

In October 12, 2007, Qingdao double star footwear business assets were listed on the Qingdao property exchange, and the procedures of "recruiting, photographing and hanging" were carried out.

The base price of the paction is from 128 million 440 thousand and 800 yuan, the pfer of assets includes 991 shoe making equipment, 17 vehicles, 137 office equipment and a real estate, land and so on.

As early as in April 24, 2006, Qingdao double star and double star celebrities signed the "asset pfer agreement". The two sides agreed that the Qingdao double star will pfer all the footwear assets to the two star celebrities, the pfer price is about 110 million yuan.

But at that time, because of the acquisition ability of the two star celebrities and the legality of the pfer procedures of state-owned assets, they were once questioned.

In order to legalize the acquisition process, Qingdao Binxing commissioned a qualified Hubei Min Xin asset appraisal company to evaluate the sale of assets and form the "e Xin commentary" (2007) No. 088 asset appraisal report. The acquisition will also be carried out according to the combined procedure of public bidding for the pfer of state-owned assets, and the implementation of the procedures of "recruiting, photographing and hanging".

According to people familiar with the matter, double star celebrities are required for Qingdao's double star shoemaking business.

But since it is a public auction, new buyers may also emerge.

According to the net value of the assessment, the assets increased from 110 million 159 thousand and 800 yuan to 132 million 873 thousand and 400 yuan.

The bottom price of the paction starts from 128 million 440 thousand and 800 yuan.

At the same time, the double star footwear industry, which sells the intangible assets of double star brand, will have great differences in the use of the two star group and other enterprises.

The above two methods raise the threshold for other buyers to enter.

In November 8, 2007, the Qingdao Double Star shoe industry was successfully pferred to a double star as a result of the absence of new buyers during the project registration.

Qingdao double star footwear business assets pfer implementation, while the overall reform of double star celebrities is also in progress.

The core of the overall reform of double star celebrities is the complete withdrawal of state ownership and the pformation of private celebrities.

Founded in September 16, 2002, the two star celebrities have undergone 4 changes in April 2006, November 2007, May 2008 and August 2008.

Around the shoe industry, the main business is expanding.

But the ownership structure of the company has not changed.

In the registered capital of 31 million 530 thousand yuan, Wang Hai has always been the largest shareholder of double star celebrities, investing 6 million 900 thousand yuan, accounting for 21.88% of the shares, and being chairman of the board. The two star group invested 5 million 230 thousand yuan, holding 16.59% of the star celebrities industry, 16.65% of the trade union shares of the Binxing group, and two other natural shareholders respectively investing 1 million 700 thousand yuan and 570 thousand yuan respectively.

Double star group responsible person has said publicly that "double star celebrities are subsidiary companies under the double star group. It is not a person, but a backbone of the president who has contributed to the development of double star brand for more than 30 years.

It is a special award made by the Qingdao municipal Party committee and the municipal government according to President Wang's special contribution to Qingdao.

Wang Hai, a 69 year old company, has been operating 35 stars for two years. As a state-owned enterprise operator, Wang Hai has no personal shares in the two star group and Qingdao Binxing.

"As the first generation of entrepreneurs in China, I am still active in the market line. I am the only one who works in the market. I am a factory director and secretary in a factory with 30 stars."

Wang Hai said in a speech.

The last step has been rumour that "Wang Hai will retire to a double star and continue his dream of shoe industry" after retirement.

Everything that happens to two star celebrities seems to be advancing at this pace.

In November 8, 2007, the double star shoe industry was completely stripped from the main business of Qingdao's twin stars and entered the star company.

In 2008, Wang Hai and two other senior members of the double star group, sales platform executives, southwest double star Liu Shuli and Ji'nan double star Han Junzhi fought for half a year for trademark infringement and terminal control.

Finally, Wang Hai took out the "killer" of Liu and Han's double star brand agency and trademark right to use, which paid more than 40% of the loss of star celebrities' turnover, the re establishment of the distribution system and the price of the supply channel, brand building and channel improvement of the special star. After that, the channel control rights of the double star footwear industry were recovered, and the integration of the three interest bodies of factories, agents and chain stores was solved at one fell swoop.

Subsequently, double star celebrities began building new platforms and gradually stabilized their business.

"Shoes export orders have been signed in June this year."

Wang Hai recently told the media.

At the moment, what the double star is doing is the withdrawal of state-owned shares, which is also the last step for the completion of the restructuring of double star celebrities.

After the completion of this step, double star celebrities whose main business is double star shoes will become private enterprises, owned by Wang Hai and others.

Wang Hai evaluated himself: "I am an adventurer, a pioneer, a winner and a survivor.

The brand name of "double star" in China is that I have led my staff colleagues to come out. I am the founder of double star. This is a fact.

The internal staff of the two star group said that after the double star footwear industry was pferred from Qingdao double star to double star industry, the Qingdao SASAC agreed that the use rights of the double star brand would be conditional on the use rate of 9 per cent, and authorized the use of double star celebrities.

This is the preferential policy given by Qingdao SASAC to Wang Hai's contribution for many years.

Double star celebrities allow users to use, the two authorization or termination of cooperation is also a matter inside the double star.

Property relations have long been clarified.

More clothing investment information, click here to enter the responsibility editor: Wang Xiaonan