Three Shot Again, "abortion" Farce Of The End Of The Triple Option - Triple Trading

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Commissioned by the Jinan Intermediate People's Court

, Joint Group held

Triple Trading Company

2276.56 million shares will be auctioned again on July 9.

6 24, Shandong Golden Harvest International auction announcement, said commission by the Jinan Intermediate People's Court, held by the Group's Triple Triple Trading Company 2,276.56 million shares will be auctioned again on July 9. This is equivalent to the sum of stock trading company that triple the third time the auction null and void, triple trading company stock sale amount is turned into a farce.
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6 17, the stock has just a third auction, excluding weekends, the new buyer of Jinan City Commercial Bank last payment day has not arrived, it was announced that the partial re-auction. Shandong Golden Harvest said: According to the auction law, auction transactions, the competition was who should be paid within 5 working days after the relevant purchase price. June 24 is the firm's last payment period of Jinan, the payment deadline was not reached now, options were again the auction, the auction is no doubt that participation and competition in Jinan firm to equity is invalid. As this newspaper on June 18 "the third auction will once again become a farce," as reported questioned. Shandong Golden Harvest's announcement last auction did not give any explanation why the void.

Commercial Bank Law expressly provides, in addition to debt, the state provides otherwise, commercial banks are not allowed to non-bank financial institutions and enterprises. After the auction firm, Jinan, Shandong Banking Board for its investigation immediately. At 16 o'clock on the June 23, Shandong Banking Bureau told reporters that the investigation was continuing, but the firm is seeking to determine the Jinan auction null and void. The Jinan City Hospital declined to comment on.

This protracted farce, so triple trading company stock listed companies is unknown, the shareholders meeting, board elections confusing, and even appointment of key executives fear can not really achieve the right to operate the company has not put in place, which will operate the company harm, damage more small and medium shareholders.

Then triple sum of equity trading company why repeatedly staged "auction - transaction - abandoned" or "auction - invalid," the farce, And who indulge in this farce continue?

Auction law: To ensure a legitimate and effective auction, people's courts to supervise the auction and participate in review of the qualifications of bidders, and bidders have illegal situation. Shandong Golden Harvest position: all imported before the auction bid deposit in the Court of Jinan City, the designated account, the court clear about the true identity of the bidders.

Sanlian Group capital strength simply did not participate in bidding, is obvious. Jinan firm is eligible to participate in the auction, should be clear about their own, and as the auction side and the regulatory commission, at the same time as a law enforcer, Jinan City Hospital should know very well. This farce, really was up.

by: gaga

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