Tuesday, November 30, 2010

The War in the Duck Duck Sweet what did?.

<P> "Who sent out the octopus, now back to even, the only remaining three-jaw," and talked about Sweet Little Duck washing five years on the main industry restructuring, Little Duck Group, a person .with the above analogy. .This person repeatedly sighed and said over the past five years, the development of China's washing machine the best five years, sales volume continues to increase. .Which have a high-end drum washing machine known for "Little Duck" is hesitant, or even barely survive. .This is the time of the year Sweet restructuring blueprint depicting the beautiful contrast. .Duck How was today due to the War? As ducklings to undertake restructuring of civil ice wash side Sweet, electrical appliances in the period of its holding duckling, what as? </ P> <P> time to back out of the .2004. .Listed companies in the electrical duckling "shell" resource transfer to China after the heavy truck, industrial washing machine in order to avoid trouble, Little Duck Group prepared in accordance with the requirements of the Jinan Municipal Government for the second reorganization. .Sweet was reputed in the industry and its chairman Yan Xiaoqun, has acquired the "Shanghai Science and Technology", "China Textile Machinery", "Little Swan", "ST Changling" and other four listed companies. .In this context, the main industry in selected duck washing machine and Nanjing Sweet restructuring. .</ P> <P> you love, I intend to, restructuring is progressing very well. ."Realistic to say that we had great hopes for Sweet, wait for them to beat drums to welcome" a Duck Group employees frankly. .</ P> <P> but I hope that the greater the disappointment. .</ P> <P> "drastic" pulled out of the capital </ P> <P> 2004 年 11 17, under the two subsidiaries Sweet 500 million investment, the establishment of Shandong Xiaoya Electric Co., Ltd. (located in .Industrial Road in Jinan City, mainly engaged in commercial washing machines, refrigerators, and other services.) .According to informed sources, said a few days after the establishment of the Duck appliances, Sweet subsidiary under the two signed with Duck electrical supplies import agency agreement, the registered capital of 500 million from 4.9 million yuan in the detachment. .</ P> <P> 2006, the Svetlana use of illegal operations its major shareholder, the illegal occupation of a large number of funds of listed companies, the China Securities Regulatory Commission investigation, then break the chain of funds, the acquisition of Wuxi Little Swan, Xi'an Changling, .Textile and other listed companies in the respective through arbitration, negotiation, litigation have been discharged or terminated and Nanjing SVT Group restructuring agreements. .This also affects the Sweet washing machine industry input on the ducklings. .May 2006, Nanjing SVT Group duckling electrical personnel stationed gradually withdrawn, until today, the original workers actually operates from the duckling restructuring enterprises. .</ P> <P> in the "backing", the Sweet on the performance of the Restructuring Agreement is also compromised. .A material shows that under the provisions of the original restructuring agreement, "since the signing date of the Restructuring Agreement, Nanjing SVT Group total investment of no less than two years, Cash 2 billion on the washing machine business, and strive to achieve washing machine sales in 2005 exceeded 66 million units ., 2008, sales exceeded 100 million units, the new company for 3 years in sales revenue reached 20 billion yuan, 5 years to reach 50 billion yuan. "</ P> <P> However, the encouraging words only" elusive " .restructuring five years, Sweet total investment of more than 1,800 yuan in cash, some old computers, old mobile phones, used cars and other in-kind offset debts of more than 1000 million supplier, but washing Nanjing Sweet Little Duck restructuring projects never get .left more than 7,000 yuan. .At the same time not only failed to make a thorough reorganization of business losses, but additional losses of more than 100 million yuan. .</ P> <P> assets to be auctioned after another </ P> <P> According to informed sources, the SASAC strict accordance with the restructuring of Jinan City, the full agreement to pay 1.5 million yuan in cash, but did not use these funds Sweet .domestic debt settlement workers, resulting in arrears of the workers there are still social insurance, housing fund, wages, drugs, etc. more than 4500 million. .</ P> <P> the heavy debt, the assets were originally duckling appliances have been auctioned. .</ P> <P> According to informed sources, the current value of more than 1,600 million electrical duckling production of all production equipment, Washing Machine, valued at more than 700 million land Heihuquan Road 61, the net assets of 30 million .element of the gas appliance Co., Ltd Jinan Duck Kendari options have been auctioned by the court. .2009, China Cinda Asset Management Corporation announced the Jinan office, intends to No. 75 in the industrial North in the land, and to tender all the equipment rolling washing machine disposal. .If this part of the assets to be auctioned disposal main duck washing machine industry will lose their land, plant and equipment, duck washing machine main production and business will suffer a devastating blow. .In desperation, the ducklings come forward to organize electrical trade union committee set up a "self-help committee" self-financing this part of the assets bought. .</ P> <P> 2006 年 5 20 May, Sweet and Jinan City, through the transfer of land transfer contract signed Land Bureau in Jinan Broadband Management Consulting Co., Ltd. shares the way, Jinan Municipal Government will compensate the "Landscape Mall" land .transfer of use rights and buildings Culture Communication Co., Ltd., Fuzhou China, as the transfer price of 2.3 billion yuan, 7,000 yuan received the first payment. .However, this is all part of the funds away from the Sweet and its subsidiaries, without the agreement by re-re-used to solve within the scope of business development, corporate employee relocation and reorganization of problems left by history. .At present, Fuzhou, China Television Co., Ltd. has taken over the management of cultural transmission "Landscape Mall" leasing land and buildings, landscapes only leased to the RT-Mart shopping centers rental sector had 5.25 million yuan per year. .Reporters tried to interview on the matter, as the Fuzhou China, Fuzhou, directory assistance failed to be found through the phone. .</ P> <P> Little Duck Group was "implicated" </ P> <P> in successive auction process, the Little Duck Group was also "implicated" them. .</ P> <P> According to relevant sources, Sweet, after the signing of the Restructuring Agreement, and no debt to the credit transfer notice issued units, so that should be made by Sweet and Electric Co., Ltd. Shandong Xiaoya 7.1 billion commitment .dollars of debt, are still burdened Little Duck Group for their repayment obligations. .Litigation Group has sued Duck debt up to 70 more than the target amount of 198 million (excluding interest, deferred payment performance), leading to Little Duck Group Industrial Park, Penglai, 150 acres of land, 24,000 m2 plant to be auctioned. .Little Duck Group power plants 10 acres of land and housing are also being auctioned, the Little Duck Group quarters iron pipe factory workers to be executed sealed. ."It's a Little Duck Group direct economic losses caused by a huge indirect economic losses immeasurable," Little Duck Group, one person said. .</ P>.

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