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Bank Loan Loss Provisions
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February 9th, 2009FinanceTriple control of the country compete for the United States renewed fighting or lose-lose – triple G by xiumi
Gome
And
Sanlian Group
Has been infighting between the last two years. With
Wong Kwong Yu detained
Triggered
States United States
Shock, triple take the opportunity to counter-Gome illegal auction, was eventually accepted the Supreme Court to increase the suspense in this struggle.27 days, at North Road, Jinan, triple Baotu Spring House, has stood in the cold wind, passers-by were all hurrying.
All Huangru every other day. Valentine’s Day last year, when the turbulent stock market that the auction not only lost * ST triple triple group (600 898) controlling shareholder of the place, leaving the two triple and Country United States
Home Appliances
Predators from grudges. Around * ST triple control, for both the applied methods, Yu Zhi each other to death and then fast.Triple group again moves up. 27, * ST triple disclosure triple triple Group v. * ST 2700 million equity sale contract of a dispute by the Shandong Provincial High Court rejected, then appealed to the Supreme Court, the Supreme Court has been accepted.
This is triple the Group can sustenance of hope?
For Control over renewed fighting
In addition to the triple prosecution
Gome Group and its affiliates – GOME Electrical Appliances Jinan, Shandong Longji Island, Wing Road Investment Co., Ltd. Shandong, there CITIC Bank branch in Jinan, Shandong Qi Lu Ruifeng Auction Co., Ltd. . The reasons for the prosecution, Joint Group said “The behavior of the auction there are many suspicious circumstances.” Accordingly, the triple group demands, judgments 10.69% stake in the auction null and void, the defendant related loss of 50 million yuan compensation.Economic Herald reporter was informed that, as the Supreme Court accepted the appeal, the case has entered the judicial process. This means, * ST Triple control of battle began to rekindle the flames of war.
January 7 last year, secured by triple Group, Jinan, China CITIC Bank branch bank loan 39 million yuan, Jinan Branch of the CITIC Bank Triple auction held by the Group shares 2,700 shares. Year on February 14, the part about 10.69% shares of Shandong Longji Island Construction Co., Ltd. is to bid 537 million deal. The Dragon’s Back Island is actually controlled Gome, this country entered the United States to curve
Triple Trading Company
.January 5 this year, triple the equity group Zeng Yi alleged violation of the auction sale securities law and other regulations the ground with the auction such as the above-mentioned six companies Gome be brought to the Shandong Provincial High Court . However, Shandong Provincial High Court on March 17 officially ruled rejected claims triple group, said the lawsuit did not meet the triple Group Code of Civil Procedure is admissible.
The face of the claim was dismissed, triple Group One of the measures announced in response to the Supreme Court drew the proceedings.
Now, from February 14, 2008 counting the equity auction, Gome and triple groups have been feuding between the last two years. With
Huang Guangyu
GOME detained induced shock, triple take the opportunity to counter-Gome illegal auction, was eventually accepted the Supreme Court, to increase suspense in this battle.Guide reporter noted that as the equity issues of Qi Lu Ruifeng auction auction company, is still listed as “6 of the accused.” In response, Qi Lu Ruifeng auction company chairman Li Wei told reporters that Guide , are listed as defendants are helpless. “From the auction process, the whole process of conformity with the relevant legal provisions, there is no defect. As for the triple group questioned the auction time, place and number of shares and other auction, we can not so, as the defendant would have no reason Qi Lu Ruifeng. “However, the reasons for the prosecution in detail, Joint Group has not disclosed.
Lose-lose “struggle”
Although the Supreme Court finally accepted the contract disputes of this auction, but the triple group faced “trouble” is still a lot.
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Article Source: http://www.earticlesonline.com/Article/Triple-control-of-the-country-compete-for-the-United-States-renewed-fighting-or-lose-lose—triple-G/911248
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