Latest complaint letter.
Category: Project. .
Latest complaint letter.
1, I Ruanru Hui is once again all over the country the Government, the National People's Congress, letters, discipline inspection and supervision, customs, national security, public security police, prosecution, courts, judiciary, commerce, tax, labor, finance, auditing, statistics and other official reports "Legend" and " Digital China, "the company and its stores from 1989 to 2009 suspected of evading taxes (no tax payable) basis for the State Administration of Taxation," National Tax Collection and Administration Law of The People's Republic of China "and violations of labor law (not in accordance with the provisions of social security for employees processing , medical insurance, housing provident fund) to the television, radio, newspapers and other media to disclose the truth. .
2. I submitted some evidence from other "98 Lenovo Group business unit financial implementation rules" and "Lenovo Group company, sector payroll summary" and "Lenovo Group personnel numbers list Guangzhou platform."
October 27, 2003, Guangzhou Exchange Centre National Tax Inspectorate report, receipt human Huangwan Wen (Wang Yuan Man) Miss (Sept. 30, 2005 telephone inquiries, was informed that the Cantonese-speaking, bar-tailed) has been referred to the Eastern District Tax Inspection Bureau. Also to the set of documents (stamped with official seal) copy, but now missing. .
5 November 2003 at Guangzhou Municipal taxpayer Service Center, Ms. receiver??s why xiaomin, its response is forwarded to the inspection of Guangzhou office rent.
November 19, 2003 Local Taxation Bureau of Guangdong Province taxpayers pay service center, receipt artificial Chen Hongxuan and Miss Lin Fenxiang, transmitted by inspection bureau in its reply has been referred to the Shenzhen and Huizhou and Huiyang Tax Inspection Bureau. .
20 November 2003, at the Office of letters and calls the Guangdong Provincial Public Security Department, which referred to the Corps for investigation.
November 26, 2003 the National Tax Inspection Bureau of Guangdong Province submitted a report center, Mr. Ronaldinho sign for people (when calling from a guard that) has been referred to the Shenzhen and Huizhou, the National Tax Inspection Bureau. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
3, set up internal accounts, setting responsibility accounting, tax statements were calculated the external and internal financial reporting, internal accounting responsibility for the implementation of the profit. .
4. the procurement of goods, such as invoice items, normally; if no invoice using the staging database, through internal account settlement or payment of cash or to find other companies on behalf of invoicing (such as "Beijing Lenovo Group of tax evasion and Yang Bo's events") causes the value added tax (VAT) evasion tax increase. It can be lodged, pre arrival sent a manifest, delivery tracking registration, import, storage, document use and purchase invoices are checked.
5, provision for cut-stock merchandise reserve ratio was not consistent with the accounting system (specifically the provisions of 3-1000 parts per thousand, five parts) lead to increased costs, reduced profits, corporate income tax evasion. .
6, sales income receivable of bad debt reserve percentage does not conform to the then financial guidelines (specifically for thousands of three to five thousand) lead to increased costs, reduced profits, corporate income tax evasion.
7, selling merchandise using the "CNC billing" and "tax billing" distinction, while sales of single-state tax control machine print, but not the actual IRS special tax control machine, but the use of computer programming, if the customer do not need an invoice, recorded as a reduction from the computer program, resulting in value-added output tax payments reduced revenue, reduced profits, value added tax and enterprise income tax evasion and business tax. .
8, selling merchandise, sales managers and clients to discuss whether or not the invoiced, if not invoiced, through an internal account statements or to receive cash or to find other companies will be invoiced (Yang Bo's event) causes the VAT sales tax reduction, revenue, profit, tax evasion of value added tax and the corporate income tax and business tax. It can be a sales slip or kudan, FA (sent) invoices, documents using the register, the sales invoice, sales daily mutual reconciliation.
9, retail goods nominally unified tax invoice price, in fact, do not develop into lower prices and higher ticket prices including tax invoices, if the customer does not request an invoice, Zeyi selling goods at lower prices, VAT output tax payments led to reduced sales revenue, profits decrease, evasion of VAT and corporate income tax and sales tax (the year I have been with the Guangzhou City Center Tax Inspectorate report or chapter Ling Zhang Guo-ling of the Eastern State Tax Inspectorate there Guangzhou Tax Inspection Board report referred to the center point) if the customer request an invoice, we will charge 5% tax, selling goods at higher prices. .
10, buying invoices, which relates to the responsibilities of profit (such as "Yang Bo's events" and "Beijing Lenovo Group tax evasion case") results in increased costs, reduced profit margins, sales tax and corporation income tax evasion.
11, connected transactions and tax. .
。.
12, repair station service charges are not invoiced, but a receipt, resulting in reduced revenues, reduced profits, value added tax and enterprise income tax evasion and business tax; education and training service charges are not invoiced, but a receipt, resulting in Operating revenue, profits decrease corporate income tax and business tax evasion. .
13, in accordance with financial responsibility accounting accounting methods for taxable charges, through internal accounts calculation, tax evasion, tax evasion and tax fraud, accounting profit responsibility.
14, foreign tax statements and accounting reports within the responsibility of the same form, but the amount does not match, you can check each other. .
15, if Mary Ma, MA and is holding the "liabilities" nowhere to become a billionaire, or rich, then let it be subject to personal income tax.
16, from a tax point of view of evaluation, "Liu Ni dispute" and "debt holdings" if Liu did not engage in "debt holdings," then the loss of nearly 100 million yuan of state assets that is part of the stock appreciation will belong to the CAS and the "Legend Holdings" all, it would have to pay to the State Administration of Taxation, Corporate Income Tax 10 billion * 25% = 25 million, so now "Legend Holdings," may, for the year "debt holdings," the price is to the State Administration of Taxation submitted the corporate income tax, If the State Administration of Taxation, transfer the case to Ministry of Public Security, Supreme People's Procuratorate, Supreme People's Court handled a maximum penalty fine of 2.5 billion * 5-fold = 12.5 billion. .
17. March 2006, the IRS site in Beijing the "mail" directly inject Secretary reports, Mr. has confirmed receipt of liubing; in December 2007, I call the IRS audit in Haidian District Council report Centre enquiries, Mr. Yang said that has not received reports that there is no "digital" report records.
In July 18,2007, I IRS website in Beijing, "the Secretary-mail" once again put in to report directly to the letter, Yingjia has confirmed receipt; in December 2007, I call the Haidian District Tax Inspectorate Report Center query, Mr. Yang The report said the contents of the letter received by the Import and Export Co., Ltd. associate several million dollars of illegal income, but this is not my original letter written report. And its not "Digital China" report records. .
19, 5 January 2008, I again call the Haidian District, Beijing Bureau of State tax inspection report Centre enquiries, Mr. Yang said received reports content to associate with the import and export co., Ltd. VAT invoices every year, and $ 5 million, but illicit enrichment nor I have written reports of the original text, but no "digital" report records.
20, the Beijing National Tax Inspectorate has not the right answer. .
Zhongguancun, Haidian District, Beijing, China Academy of Sciences, Beijing Road, p.o. box 10 010-8788 62509484 Lenovo import and export co., Ltd. 100080 LIU Chuanzhi.
Peach Road, Futian Free Trade Zone, Shenzhen, Guangdong, No. 6 off the fourth floor of Building A, Building A, Import & Export Co., Ltd. 0755-83597906 Lenovo sales manager, Tao Wei 83594042 518 038. .
Guangdong Huizhou yanhe road, Luohu district, Shenzhen, building,no.345,jinxiang 0755-82281846 Lenovo import and export co., Ltd. and export Department 82291673.
21, from August 2007 to December, Digital China is nominally foreign acquisitions, in fact, the funds are used for loans from the Industrial and Commercial Bank of China, Guo Wei holds a 0.10% stake had become a 10.29% stake held by from the multi-millionaire to become a billionaire, should be allowed to pay personal income tax (using the personal income tax software to calculate 300 million yuan and 1,600 yuan, net of the "Four Golden"), 110,683,905 yuan * 5 times = fine 553,419,525 yuan. .
22, Kuo is where 3 million registered in the British Virgin Islands after KIL (large possessions or embezzlement) and then to the company's acquisition of KIL digital shares?.
23, from December 2007 to August 2008 10.29% stake held by Guo Wei had become a holding 40.40% stake, should be allowed to pay personal income tax. .
24, September 2009 "Lenovo holdings" for the sale of State-owned assets, resulting in $ 1 billion loss, you should let them pay 10 billion * 25% = 2.5 billion in corporate income tax * 5 times = 12.5 million fine.
25, for violations of labor law issues, which can be matrix-sector wages paid, employee lists, financial payroll account, the Social Security list of cross-checking. .
26, Guangzhou City from January 1998, implementation of housing fund management regulations (by employee wages each month from 14 per cent, companies and individuals from 7 per cent) and Lenovo Group in August 1999, issued by May 1999 did not begin to pay the Housing Fund (Group provides unified extraction by $ 1000).
Please read the Chinese courts Network http://blog. . Chinacourt. . Org /? 11020 radius of the rule of law http://yuanruhui. . Fyfz. .cn / blog / yuanruhui law blog. .
Ancient arson on the belt, no body repairing paving hai.
Modern tax evasion on the money belt, to report complaints to rely on bonuses. .
Now taking bribes on belts, expose but no bonus.
Beijing Shangdi donglu, Haidian District, shenzhoushumadasha 010-82705888 digital China management system co., Ltd. 82707076 high-end OA Division 82707186 high-end North Division 82705811 or 82705666 Education Marketing Director Office 82705902 or e-Commerce Director Office 82705728 82705845 or 82705836 workflow controller do 82705111 or PDM Director Office 82707051 business postal code 100085 82707914.
Beijing Haidian District, 9th Street Plaza 010-82707777 Digital Technology Digital China Holdings Limited 82707776 100085 Beijing 8608 mailbox. .
Suzhou Street, Haidian District, Beijing, no. 16, 010-62693333 digital China (China) co., Ltd. 62693334 zip code 100080.
No. 49 Zhichun Road, Haidian District, Beijing Sigma Building, 1-2 010-88097748 Beijing Digital China Limited 88097776 Lenovo Digital China Technology Development Co., Ltd. Legend of D'ceremony 88,096,999 88,097,777 88,097,719 Liu. .
Fukien Fuzhou Wuyi Road Peace Tower a, 0591-83306328 Fuzhou digital China management system co., Ltd. 0591-83306330 Fuzhou digital co., Ltd 83306329 83306322 or 83306323 zip code 350005.
No. 820 Xiahe Road Xiamen, Fujian, Imperial Building, Room 1806, Xiamen 0592-2962985 Digital China Management Systems Limited 3990096 Fax 2962976 Postal code 361004. .
Guangdong Dongguan qifeng road 162, in a building 20, 22363880 go 8000 or 8001 Dongguan digital China management system co., Ltd. 22363996 zip code 523000.
Baohua Road, Huadu District, Guangzhou No. 36, Building 815, Room 020-61811880 Guangzhou Heart Digital China Limited 61811889. .
Guangdong Guangzhou shuiyinlu Xiangyun floor 52-5 shuiyin Room 601, 020-83338222 digital Xinlong technology co., Ltd. 510175 hotline 83369188 toll-free 8008309990.
Guangzhou Tianhe North Road, No. 13-14 892 F Legend Digital China Ltd., Guangzhou 020-87582246 510630 Liu 87,543,458. .
898 Tianhe North Road, Guangzhou, Guangdong, Xinyuan building 31 floors 020-22381666 or 22381665 Guangzhou digital China management system co., Ltd. 020-87582246 8476 or 8469 high-end South Division 87543458 zip code 510898.
Guangzhou Tianhe North Road, No. 898 Building, 32 floors source Digital China Ltd., Guangzhou 020-87582246 87543458 Post code 510898. .
Kirriemuir, Huizhou, Guangdong road, surplus jintaidasha 7 e, 0752-2384581 Huizhou digital China management system co., Ltd. 2384565 2384585 zip code 516000.
Binhe Road, Futian District, Shenzhen, Guangdong, United Plaza, 5022 North 38th floor, Block A switch to 8579 or 8866, Shenzhen 0755-82966699 Digital China Management Systems Limited 0755-82966660 Shenzhen Digital Co., Ltd. 518026. .
Guangdong Shenzhen Longgang District Dragon Street Center City Road, building 4, ziwei phase 110-111, shops (86) 755-89989077 digital China (Shenzhen) co., Ltd.
Xili, Nanshan District, Shenzhen, Guangdong Science and Technology Park, Ping Shan private enterprises in Shenzhen City, 5th Floor, Block 4, Division Digital Technology Co., Ltd. Legend Digital (Shenzhen) Co., Ltd.. .
Guangdong Zhongshan Road safety bar in cordial House 12, 0760-8862010 Zhongshan digital China management system co., Ltd. 8862012 zip code 528400.
46 Lakeside Road, Nanning Guangxi China Sea Building, Room 1304, 13th Floor, 0771-5534480 Nanning Digital China Management Systems Limited 5,534,401 Post code 530022. .
Guizhou Guiyang Xinhua road, Wujiang building 10 1004 0851-5813464 Guiyang digital China management system co., Ltd. 5784745 5813464 zip code 550002.
Third Road, Zhengzhou, Henan Jincheng International Plaza, No. 68, Building 2, Floor 18, Digital China Co., Ltd. Zhengzhou 0371-65829660 65829662 Postal code 450008. .
Hubei Wuhan zhongnan road, Wuchang District 9, 22/f, block b, Plaza 027-87312266 2905 or 2904 or 2901 or 2898 go 2906 or 2999 or 2988 Wuhan digital China management system co., Ltd. 027-87222999 Wuhan digital co., Ltd 87322588 Wuhan Lenovo digital co., Ltd 8732531 LIU Chuanzhi 430071.
No. 9 Renmin Road, Changsha, Hunan bainaohui Cyberport Building A Room 1308, 0731-4159760 Changsha Digital China Management Systems Limited 4159759 Tel 4159756 Fax 4159763 Postal code 410001. .
Hunan Changsha Hunan shaoshan culture building, no. 139, 1601-1603, Changsha 0731-4161486 digital co., Ltd 4129058 zip code 410001.
Nanjing Zhongshan Road 268 1 Exchange Square Building 10F Floor Kit 025-83351122 Nanjing Digital China Management Systems Limited 83351122-1001 Digital Co., Ltd., Nanjing 210008, China. .
Jiangsu Nanjing Zhujiang road 609 far East building, 4th floor 025-83681100 Nanjing Lenovo digital co., Ltd 210018 LIU Chuanzhi 83681214.
328 Airport Road, Suzhou, Jiangsu Province, Suzhou Industrial Park, Suzhou International Science Park 203D Digital China Management Systems Limited 0512-62882268 Fax 62882258 Postal code 215021. .
Jiangsu Suzhou, Kunshan city, Heilongjiang road 68, nurse business building, room A307 0512-57388658 Kunshan digital China management system co., Ltd. 57388660 57388657 zip code 215300.
Wuxi, Jiangsu Province People's Road, Building 97, Room 1012, Kai Fuk 0510-82709510 Wuxi International Digital China Management Systems Limited 2701626 Fax 82709515 Postal code 214002. .
Jiangxi Nanchang bayi Avenue Plaza, no. 357, block b, 1803-1804, 0791-6204871 Wuhan digital co., Ltd Nanchang Office 6204872 zip code 330046.
Mountain areas of Liaoning Dalian Friendship House, 158 Friendship Road, Room 2305, 0411-82520970 Dalian Digital China Management Systems Limited 82520972 Fax 82520373 Postal code 116001. .
Liaoning Shenyang South sanhao Street, Heping District, big science 63 6 024-23582588 Shenyang digital co., Ltd 024-23969788 Ext. 2617 or 2613 Shenyang digital China management system co., Ltd. 23969054 zip code 110003.
Jinan Luoyuan Avenue 66 Ginza Plaza Office Building, 18 floors 0531-87071635 8,707,163,687,071,637 8,707,163,887,071,639 Jinan, Digital China Management Systems Limited 0531-6065200 Jinan Jinan Digital Co., Ltd. 6,065,211 6,065,277 Liu Legend Digital China Ltd. 250,063. .
Shandong Qingdao f，Golden Plaza, room 14-layer 11521 0532-85022450 Qingdao digital China management system co., Ltd. 85022433 zip code 266071.
Shaanxi, Si-an S. Kwan Chang International Centre 88 Centre Street 029-88342300 Xi'an 710068, Digital China Limited. .
Shaanxi Xi'an Taiyi southern section 1 Lenovo building a three-tier 029-2211177 Xi'an digital China management system co., Ltd. 2218165 zip code 710054.
Fuquan Road, Changning District, Shanghai, 111 Technology Park 021-22019594 Shanghai Digital China Digital China Management Systems Limited Shanghai high-end of the South Division, 22019589 Fax 22019595 Postal code 200335. .
Shanghai changning district Fuquan road, digital China Shanghai Science and Technology Park, 021-22019622 Shanghai digital China management system limited circulation Director Office 22019925 zip code 200335.
Fuquan Road, Changning District, Shanghai Shanghai Digital China 111 Technology Park 021-22019652 Shanghai Digital China Management Systems Limited 22019601 Fax 22019655 Postal code 200335. .
Shanghai changning district Fuquan road, digital China Shanghai Science and Technology Park, 021-22019660 Shanghai digital China management system co., Ltd., Director of channels do 22019650 zip code 200335.
Fuquan Road, Changning District, Shanghai Digital China 111 Technology Park, Shanghai Shanghai Digital China Limited 22019988 021-22019999 Post code 200335. .
Sichuan Chengdu Jinjiang District, Renmin road, section 3, the new building 2F building 028-85459888 to 1901 or 1912 or 1908 or 1915 or 1818 Chengdu digital China management system co., Ltd Chengdu high-end South Division 610041 associate digital co., Ltd.
3 North Street, Chengdu Wuhou confidence Administrative Service Center 4th Floor 028-85459888-2625 Digital China Ltd. Chengdu 610041. .
Tianjin Hexi District weidi Street no.146 huasheng square block b, 11th floor, room 022-A2 88239240 88239247 88239241 Tianjin digital China management system co., Ltd. 300201.
King's Road, Quarry Bay, Taikoo Place, 979 20th Floor, Devon House, Room 2008, Digital China Holdings Limited 28055991 0852-34168000. .
Yunnan Kunming 6 East Road, Xinhua building 15 layer c, 0871-3171219 3170948 3170599 Kunming digital China management system co., Ltd. 650051.
No. 658 Jianguo Road, Hangzhou, Zhejiang Haihua Plaza, 12th Floor, Block C Tel 0571-85863301 85863303 Hangzhou Digital China Management Systems Limited 310004. .
Zhejiang Hangzhou road 90, Eastern software Park, science Plaza, 5-layer 0571-56763888 56763906 Hangzhou digital co., Ltd 310012.
168 Baizhang Road, Ningbo, Zhejiang Exhibition Center 8th Floor, Block A Tel 0574-87701835 87701841 Fax 8,770,673,687,705,753 8,770,183,787,703,730 Digital China Management Systems Limited, Ningbo 315040. .
Newcastle road, Wenzhou, Zhejiang, China digital city address：address 0577-89882255 88920792 Wenzhou digital China management system co., Ltd. 325000.
New North Road, Jiangbei District, Chongqing, the second slip road on the 8th Chun-Hao Ying Ming Koi 20-3 No. 023-61809170 61809171 Fax 61809177 Tel 6,180,917,261,809,173 Chongqing, Digital China Management Systems Limited 400 020. .
Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.
Lenovo list. .
Anhui chuzhou langya road, 0550-3035491 chuzhou new Lenovo computer technology co., Ltd 239000 Cheng Lin 3030920.
Huaihe Road, Hefei, 303 Lu Yang District, 9th Floor, D Block Posts 2608999-804 Legend Electronics Co., Ltd. Shanghai Office of Hefei 230001 Song Jinghua. .
Beisihuanxi road, Haidian, Beijing, 29, 010-68488120 68488119 Lenovo system integration co., Ltd. 100083.
Beijing 海淀区海淀 Road 70, Beijing Legend Computer Group 010-62564446 62564842 Box 8788 Beijing 100080, China. .
Beijing Haidian District village north high school South Gate-010-62616089 attached Lenovo distance education North Ltd. 62656289 peak 62570905 Zhongguancun post office box 100080 050.
Haidian District, Beijing Information Industry Base, Building 1, 010-2572106 standard factory Lenovo Education Electronics Co., Ltd. Beijing, 100084. .
Beijing Haidian Shangdi Chuangye Road, 010-58868888 Lenovo (China) Holdings Co., Ltd. 82876048 Lenovo (Beijing) co., Ltd 82875947 LIU Chuanzhi 82879425 Yang Zhao Huan 58866630 82877041 is B/C industry accounting 82878888-6140 Beijing Lenovo Lenovo computer co., Ltd., Beijing 82876709 100085 e..
Haidian District, Beijing Information Industry Base open Road 7, 8688 Pioneer Building, Box 010-62986638-2210 Beijing Lenovo Software Limited 62975824 Lenovo computer company's software division 62986638-2401 Beijing Lenovo Software Ltd Lee Tai Yang 100085. .
Beijing Haidian Shangdi information industry base information road, commercial center 010-82899999-2850 Beijing Lenovo Lenovo FM technology co., Ltd. 82890988 100085. three-year technology co., Ltd.
Zhichun Road, Haidian District, Beijing Beijing I think the north side of 81-1 No. 010-62561231 62551460 telecommunications companies. .
Haidian District, Beijing Zhongguancun North North a Beijing 010-62541917 62572090 Lenovo industrial control.
South Road, Haidian District, Beijing Zhongguancun Science 10, 8758 Box 010-82879425 62509508 Tel 62509999 Legend Holdings Limited Legend residence Technology Co., Ltd. Beijing Investment Company Limited 62572181 Lenovo 62561056 Lenovo Group Lenovo Holdings Import & Export Co., 62572080 Fax 62572090 62509484 Box 8788 Beijing 100080, China Liu . .
Zhongguancun, Haidian District, Beijing, 2 kexueyuan South Road inoftech 10 010-62508000 Lenovo venture capital co., Ltd. 100080 62509100 off-limits.
Zhongguancun South Street, Haidian District, Beijing Fangyuan Building, 56 B 1409 Guangzhou Legend Chi Soft Computer Technology Co., Ltd. Beijing service center. .
Beijing Xicheng District taipingzhuang road xinjiekouwai Street 2, colored home test 1/010-82015080 601 or 602 Lenovo Service Center 100088 Beijing.
Tak Wai Avenue, Xicheng District, Beijing 2, San Fung Avenue, Room 513, Tiancheng Building, 010-82271162 Beijing Legend FM Yang Technology Co., Ltd. 100,085 82,271,161. .
Wusi Road, Fuzhou, Fujian, a District 25-2508 units 350003 associative Electronics Co., Ltd. in Shanghai, Fuzhou Office.
Xiamen Torch Hi-tech Industrial Development Zone Xiamen Overseas Chinese Electronics Industrial City, Building C, 2F, Lenovo Mobile Communication Co., Ltd. Xiamen 0592-5716888 361009 Sun Wenping 5,715,787 Xie xiezy @ legend. . Com. .
Guangdong Dongguan new road three 2878540 Lenovo (Dongguan) co., Ltd. Mr. Lee 523301 13925707199.
South City Park, Dongguan Dong B Industrial Zone, Dongguan, Legend Computer Co., Ltd. 0769-2507468 13925586378 2740858 Huang Jian. .
Guangdong Guangzhou haizhu district town and road Fu Yuan building, second floor, 020-84205580-203 Guangzhou Lenovo-soft computer technology co., Ltd. Add： haizhu branch 510305.
Guangzhou Tianhe North Road, Block 28 in Times Square, Room 1016, 020-38821939 Lenovo (Shenzhen) Electronics Co., Ltd. Guangzhou Office Tel 38910635 Fax 38820153 510620 38821753 Huo Xiaoning. .
Guangdong Guangzhou Tianhe North Road, no. 28, Times Square, 8 floor, room 819 817-020-38821977 Lenovo (Shen Zhen) Electronics Co., Ltd. Guangdong Branch 510620 wanglei 13710566794.
Huangpu Avenue, Tianhe District, Guangzhou Middle East into a Garden Shop No. 10-11, Ground Floor, Legend Computer Co., Ltd., Shenzhen, Guangzhou 020-85675106 Customer Service 87,626,176 82,626,229 Chengxin Yang Liu Yong 85675200 13302296962 Postal code 510000 or 510660. .
Guangzhou Tianhe district XI, 15A2, 020-84205580 Guangzhou Lenovo-soft computer technology co., Ltd. http://www. .lenovo-ai. .com.
Huizhou Daya Bay Economic and Technological Development Zone 0752-3500108 association of real estate (Daya Bay) Ltd. 516 213 Liu. .
Guangdong Huizhou dayawan economic technical development zone 0752-3500170 Lenovo industrial industry development (Daya Bay), Ltd. 3500111 patanchon Hua 516213 LIU Chuanzhi.
Huizhou Huiyang City Sun City development zone three and Technology Industrial Park, 0752-3500088 Huiyang Lenovo Lenovo Computer Limited 3,500,249 Cordia Electronics Huizhou Co., Ltd. 3,500,077 in likun yulk @ legend. . Com. . Cn Zhang Zuxiang 516 021 (income tax RMB6 rent has more than 10,000 yuan, a fine of RMB6 million yuan, has been paid bonuses RMB10312 million). .
Huiyang Huizhou, Guangdong Sanhe development experimental zone in Sun City, Lenovo technology industrial park, 0752-3500119 Huiyang associative information products manufacturing co., Ltd. 516213 Zhong Xiang.
Huizhou Huiyang City Sun City development zone three and Technology Industrial Park, 0752-3500263 Lenovo Lenovo Lenovo Techwise Circuit Co., Ltd. 3,500,306 516,213 Techwise Circuits Board Co., Ltd. Zhang Zuxiang. .
Huiyang Huizhou, Guangdong Sanhe development experimental zone in Sun City, Lenovo technology industrial park, 0752-3500450 Huiyang Lenovo Lenovo industrial property co., Ltd. 516021 Huiyang technology (industrial) Park co., Ltd..
Huizhou Huiyang City Sun City development zone three and Technology Industrial Park, 0752-3500452 Huiyang Lenovo Lenovo Electronic Industry Co., Ltd. 3,500,417 3,500,251 Liu Xiu Li Qin 516 213 steady. .
Guangdong Shantou longhu Long Ping 0754-8888756 Shantou Lenovo computers Ltd. 515041 Sze 8852876.
Peach Road, Futian Free Trade Zone, Shenzhen, Guangdong, No. 6 off the fourth floor of Building A, Building A, Import & Export Co., Ltd. 0755-83597906 Lenovo sales manager, Tao Wei 83594042 518 038. .
Guangdong, Futian District, Shenzhen hongli road 38, a-2006 Guangzhou quanxing Plaza associative-soft computer technology co., Ltd. Shenzhen Service Center.
Hongli Road, Futian District, Shenzhen, SEG high-tech Industrial Park, 6th Floor, Block 3, Legend Computer Co., Ltd. Shenzhen 0755-83348884 Lenovo Integration Co., Ltd. 83,349,877 83,320,311 Liu, Shenzhen 518028. .
Guangdong Shenzhen Futian District huaqiang North Road, hi-tech industrial park plant six 0755-83348885-118 Shenzhen Lenovo computer co., Ltd. 518028 Sze (IRS tax payments received 30 million are bonus RMB10156 element).
Guangdong, Shenzhen, 4009 Shennan Road, Futian District, 10th Floor, Investment Building No. 0755-2712288 Lenovo computer company office in South China 518026. .
Guangdong Shenzhen Futian free trade zone Association international information products (Shenzhen) co., Ltd. production base.
Baogang Road, Luohu District, Shenzhen, Guangdong Building, Room 1308, Tin Sum 0755-25852161 (Taiwan) Lenovo R & D Centre, 581 023 Wang Zhaoqi 25,852,291. .
Guangdong Huizhou yanhe road, Luohu district, Shenzhen, building,no.345,jinxiang 0755-82281846 Lenovo import and export co., Ltd. and export Department 82291673.
Nanshan District, Shenzhen, Guangdong high-tech industry High-tech Industrial Park South R & D Center South 1 Building, 10th Floor, Lenovo 0755-26983988 Lenovo Science and Technology Park Ltd., Shenzhen 518057. .
Guangdong Shenzhen high-tech industrial park, Nanshan District sci-tech industrial park, together with the Association of research and Development Center in the Southern District of hi-tech South building, 1st floor East 0755-6955888 to 3000 3001 or Lenovo service center of Shenzhen.
Nanshan District, Shenzhen, Guangdong high-tech industry High-tech Industrial Park South South 1 Building, 5th Floor, Lenovo R & D center in Shenzhen 0755-6955888-8880 6955888-8014 Lenovo Lenovo Computer Limited (Shenzhen) Co., Ltd 88776093 518057 Lu Hui Zhang Zuxiang Post. .
Guangdong Shenzhen high-tech industrial park, Nanshan District sci-tech industrial park, together with the Association of research and Development Center in the Southern District of hi-tech South building, 6th floor, 0755-33306878 associative network (Shenzhen) co., Ltd. 518057 or 518000 Liu Xiao-Lin 26983803 CHAN Tung 13603026852.
Nanshan District, Shenzhen, Guangdong high-tech industry High-tech Industrial Park South R & D Center South 1 Building, 8th Floor Lenovo Lenovo 0755-26955888 (Shenzhen) Electronics Co., Ltd. 26,983,518 Lenovo Lenovo Shenzhen Electronics Co., Ltd. Shenzhen Electronics Co., Ltd. 26,983,818 26,983,800 cattle Yang Hung 13923773958 518057 or 518026. .
Guangdong, Shenzhen Nanshan District Nanshan District Shenzhen high-tech industrial science and technology industrial park, building 2, haoran hi-tech. building of the great wall of China Great Wall Building Science & Technology Industry Park # 2 Tower Lenovo international information products (Shenzhen) co., Ltd. (86) 755-26553388 26728045 26728020.
137 Seven Star Road, Nanning, Guangxi Foreign Trade Building, 21st Floor 5,308,100 Lenovo (Shenzhen) Electronics Co., Ltd. Nanning, Nanning Office 5308115 electronic equipment company Lenovo. .
Shijiazhuang Heping West Road 79, 0311-7083456 Lenovo service center of Shijiazhuang 7069631 zip code 050011.
Hebei Zhongxing Road, Xingtai area west of West Avenue 38, west of I Road, Chung Hsing Road South 0319-5998888 2059586 Xingtai Xingtai Lenovo Computer Limited Time Electronics Co., Ltd Part 2021164 2050386 OA system integration service department the Department of 2,050,111 2,028,661 054,000 Wang Lihong. .
Henan Kaifeng Xiyuan district 103/0378-3263029 Kaifeng Lenovo science computer co., Ltd., 475000 gang.
Henan Luohe Rainbow Bridge Road East 0395-2199282 Luohe Lenovo Computer Limited. .
Jinshui district, Zhengzhou Henan agricultural road, report 2, + 86-371-3910195 Lenovo (Shen Zhen) Electronics Co., Ltd. Zhengzhou Zhengzhou Office Lenovo Service Center.
Daqing Hi-tech Industrial Development Zone, No. 10 Finance Street, Daqing Longjiang Legend Computer Co., Ltd. 6,282,414 163,316. .
Heilongjiang Harbin Nangang district Nantong Street 258, 0451-82528639 Lenovo Group Harbin company 150001 Li Han Wei.
Harbin No. 19 West Da Zhi Street, Swallow Hotel, on the first floor 0451-3673541 Lenovo customer service center in Harbin 150006. .
Hubei Wuhan luoyu road, Hongshan district, Lee knife, station access: 027-87861415 Lenovo service center of Wuhan 430070.
Wuchang District, Wuhan, Hubei Province Luo Yu Road, Wuhan 027-87861270 81 Legend (Holdings) Li Qing 87883661 430079 Wuhan Branch. .
Hubei Wuhan Wuchang luoyu road, no. 87, Huitong building 7th floor, block a, 027-87647932 Wuhan high-tech company 430070 Lenovo Lenovo company central offices.
Xudong Lu, Wuchang District, Wuhan, Central China Power Finance No. 117, 12th floor, 027-86600188-8221 Lenovo (Wuhan) Co., Ltd. 430062 Yang 86739947. .
Hubei Yichang Pearl road, 11-107 Lenovo General Computer Corporation 0717-6770595 Mr.Liu yongzhong 443000.
Liberation Road, Changsha, Hunan, 136-138 0731-4436640 Legend Computer Co., Ltd., Shenzhen, Changsha, 410011 customer service department. .
Hunan Chenzhou Guiyang County Road, Chengguan town, 0735-4440143 Guiyang County schools 424400 Lenovo.
Changchun, Jilin, Changchun Co., Ltd. of Tokyo Lenovo Lenovo Electronic Technology Co., Ltd.. .
Jiangsu Huaian XI 27, 0517-3666956 Huaian Lenovo computer company 223001 fan fai.
Jianye District, Nanjing, Jiangsu, Amway House, Palace Avenue 115 side 025-4466994-192 Electronics Co., Ltd 210004 Nanjing New Lenovo Lenovo (Shanghai) Co., Ltd. Nanjing customer service center. .
, Jinchang district, Suzhou, Jiangsu Province, Suzhou new area, binhe road, Maple Street 6-8, 0512-65361369 65361369 Suzhou Lenovo Keri switch co., Ltd 215129.
Suzhou New District, Suzhou, Jiangsu Jin Chang Ma Bang Village, Maple Town, Legend Corey Switch Co., Ltd. Suzhou 0512-65361196 215011. .
Jiangsu Zhangjiagang city in Suzhou add:No.207 Ukrainian bride road 0512-65297277 Suzhou Lenovo computer co., Ltd. Zhangjiagang free trade zone new Lenovo 215006 e-commerce company 215000.
Wuxi Jiefang East Road 890-2 No. 0510-2828281 2828280 214000 Lenovo service Wuxi pits. .
Jiangsu Wuxi people East Road, Xishan 0510-2716744 Lenovo limited 214007 Shi route.
44 Middle Road, Yancheng, Jiangsu People's New Century Culture Legend Computer Co., Ltd. Yancheng City 0515-8306029 224001. .
Ganzhou, Jiangxi Shicheng County Lenovo computer co., Ltd., 0797-8898547 8898547 13232777545 341000.
No. 88 Beijing West Road, Nanchang, Jiangxi 9th Floor, Room 906-908 0791-6304726 Lenovo (Shenzhen) Electronics Co., Ltd. in Nanchang Office 6,266,662 6,251,885 Legend Electronics Co., Ltd. Nanchang Branch. .
Yingtan, Jiangxi road 6-4, 0701-6224937 Yingtan 335000 Lenovo computer equipment co., Ltd.
Anshan, Liaoning, China Metallurgical Lenovo Computer Limited. .
Liaoning Liaoyang Lenovo computer co., Ltd.
South Heping District, Shenyang, Liaoning Province 63 Sanhao Shing Technology Building seven 024-23969588-2101 or 2108 Lenovo (Shenyang) Co., Ltd. 23,969,600 110,003 Lenovo computer company offices in North China Liu. .
Yingkou xuefu road e-culture, foreign NET 1 Mall 0417-2830661 Yingkou Lenovo computer co., Ltd. zhanglan.
The southern section of Heze, Shandong Xinhua Juye County Road East 0530-8312093 Juye new Lenovo Lenovo Computer Technology Co., Ltd. 8,220,444 Juye Industrial Co., Ltd. lenovo-jy @ 163. . Com. .
Shandong Jinan lixia district Jiefang road No. 84-1 6412819 Lenovo Service Center 6998538 Jinan.
Qingdao, Shandong, Shenyang No. 262 Weihai Road, Building 3, the middle of the middle branch network 0532-3023080 Qingdao Ltd 3,023,081 Lenovo Lenovo customer service center in Qingdao 83023082 Post code 266021. .
Lenovo computer co., Ltd. Shandong Rizhao.
State Road 76, Shandong Tengzhou No. 0632-5581366 good Tengzhou Lenovo computer company 277 500 Zhao Liang. .
Shandong Weifang kite flying road No. 754 0536-8227767 8227227 8219868 Weifang Lenovo computer co., Ltd. 261041 Sze.
355 South Road, Taiyuan, Shanxi Construction 0351-7580049 Lenovo customer service center in Taiyuan 030012. .
Xi'an Beilin district Taiyi southern section 1, no. 1, Lenovo, 4, 6, 18-029-88261188 Lenovo (Xi'an) co., Ltd. Xi'an 82256768 82256767 Lenovo, Lenovo computer companies Northwest Division Office 2229446 Chai-Peng 222775 zip code 5710054.
Shanghai Changning District, Pearl Building, Room 703, Watertown 201 103 Nan Luli Lenovo Computer Limited Shanghai Office. .
Shanghai changning district 600 tianshan road, lane 4, think of a mansion 24, 27, 28, 29, 30F/021-52896800 Lenovo (Shanghai) Electronics Co., Ltd. 52896200 Lenovo computer company East Office 52534500 Shanghai Lenovo Lenovo 52896308 digital co., Ltd. (Shanghai) co., Ltd. 200051 LIU Chuanzhi.
Quyang Road, Hongkou District, Shanghai 021-55560256 Lenovo 17 customer service centers, Hongkou District, Shanghai 200081. .
93 Huai Hai Zhong Road, Shanghai Times Square office building, room 021-2410 53827723 53827713 Lenovo venture capital co., Ltd. 200021 off-limits.
Shanghai Jinqiao Export Processing Zone, Pudong New Area 550 021-50504528-2682 Jinhai Road, Shanghai or Lenovo 2638 Li Zhiqiang Electronics Co., Ltd. 50,504,526 52,896,800 50,322,350 Secretary of the Xiao-yun Yang Jian-mei 201 206 200 233. .
Tao road, Shanghai, 696, Lenovo Zhangjiang new building 021-50504500-8269 Association Shanghai Co., Ltd Shanghai 201203 Lenovo 201206.
334 Military Road, Yangpu District, Shanghai No. 65431090-880 Lenovo Lenovo Shanghai Fisheries University, 200090, computer training center Cao River drainage. .
Sichuan Chengdu Jinjiang District, in the second paragraph of the letter from the building, 18-20-028-86200808-2775 Lenovo (Chengdu) co., Ltd. 610016 LIU Chuanzhi 86200810.
Chengdu Jinjiang District People's South Road was on the 3rd floor, building of new weather computer company Lenovo 028-85447485 Liu 5579888 610041 Southwest Office. .
Sichuan Chengdu new South swell village No.1 yahua, 028-5446437 Lenovo Service Center 610041 Chengdu.
Leshan, Sichuan Ebian County Street, No. 109, 0833-5226399 Ebian Legend Computer Co., Ltd. 610 400 Xiaochun Ming. .
Altay, Xinjiang Urumqi road and Park 0991-8753318 Lenovo Lenovo Urumchi Xinjiang co., Ltd. electronic co., Ltd.: Zhou yuxing Qin and. ..
Ring East Road, Kunming, Yunnan Panlong 44 0871-3357708 Kunming Legend Computer Co., Ltd. Showroom 650 051. .
Yunnan Kunming re-designated Street 158, Yunnan Normal University building 0871-5394783 Lenovo Service Center 650031 Kunming.
241 South Road, Hangzhou 310005 Shen Hushu Tangqiao bus station near 0571-88391297 Lenovo (Shanghai) Co., Ltd. Hangzhou Technical Services 88,391,302 switch 2299. .
Wuyi County, Jinhua, Zhejiang rejuvenating Spa apartment underlying 7628788 Wuyi gold Lenovo Lenovo computer co., Ltd. 321200 Telecommunication Engineering Co., Ltd.
Centre for Higher Education Zone, Ningbo Yinzhou District, Ningbo Golden Legend Digital Longqiao 315 104 Limited 13805847160 LIN Ling. .
Zhejiang Ningbo huatai Street 92, 0574-87710989 Ningbo association with trade co., Ltd. order Zhao Huan 315041.
People in the town of Shaoxing, Zhejiang Xinchang Xinchang County Road 216 6,025,243 Legend Technology Development Co., Ltd. 312 500. .
Zhejiang wenling city Sanxing Avenue building A 801 room 0576-unit 6144389 wenling Lenovo Electronics Co., Ltd. electronic town, wenling 318000 1707-1712 # salesroom 6208598.
Town, Yuhuan County, Taizhou, Zhejiang industrial and commercial buildings on the ground floor 0576-7216753 Guangling Road, Lenovo Technology Co., Ltd. 317600 Yuhuan Qiao Xu love. .
Zhejiang Taizhou yuhuan yuxing Road East Bay first floor 0576-7227573 yuhuan Lenovo technology co., Ltd. 317600 Xu love glib.
Cangnan County, Wenzhou, Zhejiang Lingxi Yu Cang Road, Cangnan County, Lenovo 0577-64750614 745 Co. 325 800 Wang Huahai 64,700,311. .
Yueqing Zhejiang minfeng road, 0577-62575552 Yueqing Lenovo technology co., Ltd. 62580577 62580500 Li Jin-325600.
69 Changjiang Road, Yuzhong District, Chongqing Eling No. 023-69081138 Lenovo customer service center in Chongqing 400014. .
Lenovo computer co., Ltd., in Wuchang city.
Lenovo Computer Limited in Hong Kong. .
Beijing science consulting, real estate development co., Ltd.
Ot the United States set (Beijing) International Freight Forwarding Co., Ltd.. .
Zhiqin beauty set & logistics co., Ltd.
Shenzhen International Freight Co., ot. .
Shenzhen Zhiqin transportation co., Ltd.
Shenzhen Electronic Co., ot. .
Shanghai Zhiqin international freight forwarding co., Ltd.
Shanghai Logistics Co., Ltd. set ot the United States. .
Lenovo AsiaInfo Ltd. www. .lenovoAI. .com contact: Miss Sun.
Additional evidence has been sent to http://blog. . Chinaunix. .net/u/24547 / blog http://yuanruhui. . Cublog. . Cn / please to download. .
Lenovo Sun and rain company list.
Maanshan Tongji Garden Room on the 13th floor facade 0555-2257111 sun and rain information technology services (Beijing) Co., Ltd. Nanjing Service Centre, Ma On Shan Sub-station 2257399. .
Anhui Wuhu Aurora garden 6, no. 3, facade Lenovo service 0553-3870268 sunshine and rain information technology services (Beijing) co., Ltd. Nanjing Center Wuhu sub-station.
A Xibahe South Road, Chaoyang District, Beijing No. 1 Xin Tiandi Building Block B No. 010-64462766 103-104 sunlight and rain information technology services (Beijing) Co., Ltd. Technical Service Center. .
Haidian District, Beijing, dinghao electronic building No. 010 B-2-A001-82698062 sunshine and rain information technology services (Beijing) co., Ltd. third Service Center 82698063.
Miyun County, Beijing East Road, No. 169, the sun and rain 010-69070253 Information Technology Services (Beijing) Co., Ltd. Technical Service Center Miyun sub-station. .
Beijing Xicheng District yuetanbeixiaojie 4, 010-68059575 sunshine and rain information technology services (Beijing) co., Ltd second branch service center of the city.
Beijing Xuanwu Hospital, 41 South Commerce at the Bottom Line Club Shop 1-2, sun and rain 010-83547764 Information Technology Services (Beijing) Co., Ltd. The second service center 83551726. .
Guangdong Guangzhou Donghua road, yuexiu district 86-89, Lihua building,no.6 020-83853702 sunshine and rain information technology services (Beijing) co., Ltd. Guangzhou service 87375225 83859220 83859836 83858892.
The way forward, Bao'an District, Shenzhen, Guangdong, Taiwan, 104 Scenic shops 0755-29994949 sun and rain information technology services (Beijing) Co., Ltd. Bao'an Services. .
Guangdong Province Zhenhua road, Futian District, Shenzhen window room building a, 10A 0755-83281500 sunshine and rain information technology services (Beijing) co., Ltd. Shenzhen services.
Baoding, North Building North Avenue Xin Longwan D1-22 号 0312-5930162-8029 sun and rain information technology services (Beijing) Co., Ltd. Baoding Services 5,930,163 for the time being. .
On the solid South Avenue, Shijiazhuang, Hebei, 61 0311-85117333 sunshine and rain information technology services (Beijing) co., Ltd. Shijiazhuang services 85117222.
Agriculture Road, Zhengzhou Jinshui sun and rain, 66 information technology services 0371-65282360 (Beijing) Co., Ltd. Zhengzhou Services 63910195 6,391,148,765,282,382. .
Heilongjiang Harbin Nangang district tobacco Street 11, 0451-82762353 sunshine and rain information technology services (Beijing) co., Ltd. and Harbin Service Center.
Luo Yu Road, Wuhan Hong mountainous area in Hubei No. 188-8 and outpatient laborers direction Zhuodao Quan station next to the sun and rain 027-87876817 Information Technology Services (Beijing) Co., Ltd. Wuhan Service Center 83643312 8,786,676,187,879,398. .
Hunan Changsha construction Xiang road 163, us-wide business building, second floor, 0731-2811952 sunshine and rain information technology services (Beijing) co., Ltd. Changsha services 4436640 4436633.
Xiangtan, Hunan Yuhu Lake District village of Shaoshan Road Nursing 7, 39 facade 0732-8394915 sun and rain information technology services (Beijing) Co., Ltd. Changsha, Xiangtan Service sub-station. .
Hunan Zhuzhou Xiang jianshe Road seasons Garden Street 7, 0733-8288913 sunshine and rain information technology services (Beijing) co., Ltd. Changsha services Zhuzhou branch.
Nanjing Gaolou Men 025-83218701 sunlight and the dew layer of 45 information technology services (Beijing) Co., Ltd. Nanjing Service Center 83218706 8,321,870,883,218,716. .
Fushun city of Liaoning province xinfuqu and road, East 108, 0413-2337566 sunshine and rain information technology services (Beijing) co., Ltd. Shenyang service Fushun sub-station.
Baita District, Liaoyang, Liaoning Province to No. 48 West alley 0419-2136130 sun and rain information technology services (Beijing) Co., Ltd. Shenyang, Liaoyang Service sub-station. .
No.9, tuanjie road, shenhe district, Shenyang, Liaoning province Wang Yun temple road 024-22950561 sunshine and rain information technology services (Beijing) co., Ltd. Shenyang service 22952035 Lenovo Service Center 22950550 Shenyang.
Liaoning Tieling Silver Bronze Bell Street, District 4, State Committee of nine small Western 0410-7302718 sun and rain information technology services (Beijing) Co., Ltd. Shenyang Services Tieling sub-station. .
Shandong Jinan lixia district Minghu road daizong Street 4, Daming Lake is 100 metres on the South East 86421593 sunshine and rain information technology services (Beijing) co., Ltd. Service Center 86421587 86900064 Jinan.
Qingdao Economic and Technological Development Zone, No. 381 Wuyi Road, Sunshine and rain information technology services 0532-86976456 (Beijing) Co., Ltd. Qingdao, Qingdao Sub-station service center. .
Zhangqiu, Shandong Mingshui town road commercial 4 building 102 storefront 83220690 sunshine and rain information technology services (Beijing) co., Ltd. Service Center zhangqiu Jinan branch.
Shanxi Luliang Lishi City 1-2 South Avenue, on the 10th floor 0358-8292577 sun and rain information technology services (Beijing) Co., Ltd. Taiyuan Service Lishi sub-station. .
Shanxi Taiyuan Bridge Street East, qiaodong District No. 15, g zone, 3 4 floor, 0351-4637035 sunshine and rain information technology services (Beijing) co., Ltd. Taiyuan Service Center.
Xi'an Taiyi Lenovo building a layer of the southern section of the 1st sun and rain customer service department 029-82256706 Information Technology Services (Beijing) Co., Ltd. Xi'an Services 82229446 8,225,670,882,256,705. .
Fahuazhen road, changning district, Shanghai, 352 021-52581790 sunshine and rain information technology services (Beijing) co., Ltd. Shanghai service.
Shanghai Changning District No. 358 Fa Hua Zhen Road, Changning District, Shanghai 021-62838209 Lenovo Customer Service Centre 200 052 sunshine and rain information technology services (Beijing) Co., Ltd. Shanghai service 1. .
Shanghai Hongkou district hengye road, 401, 021-56984001 sunshine and rain information technology services (Beijing) co., Ltd. Shanghai service bipartite 56974754.
Yang High School Road, Pudong, Shanghai No. 021-58547570 268, 806 or 807 to switch the sun and rain Information Technology Services (Beijing) Co., Ltd. Shanghai service 3. .
Bazhong, Sichuan North Road section 292, 0827-5266664 sunshine and rain information technology services (Beijing) co., Ltd. China Service Center Pakistan sub-station.
Chengdu, Sichuan North Street on the 8th day of small bottom attached to Tianzhu Lai sun and rain 10-13 028-85588109 Information Technology Services (Beijing) Co., Ltd. Chengdu Service 8,557,193,985,576,567. .
Dazhou Sichuan province on the South side of A trade, 9/f, Beverly, County Court, opposite 0818-2681088 sunshine and rain information technology services (Beijing) co., Ltd. China Service Center, Minnesota sub-station.
South Loop Guang'an No. 0826-2345510 sun and rain, Lane 168-5 Information Technology Services (Beijing) Co., Ltd. of Nanchong Service Kwong sub-station. .
Iron Nanchong, Sichuan Road 286 0817-2317776 sunshine and rain information technology services (Beijing) co., Ltd. China Service Center.
Sui Zhou Zhong Road, Suining 116 11-1-7 sun and rain information technology services (Beijing) Co., Suining, Nanchong Service sub-station 0825-2260383. .
Yunnan Honghe Hani and Yi Autonomous Prefecture old shengli road 83, comprehensive building, no. 06-2187037 sunshine shop 0873 rain information technology services (Beijing) co., Ltd. Kunming service old sub-station.
Yunnan Yuxi Hongta 59 -3 Yu Hing sun and rain information technology services (Beijing) Co., Ltd. Kunming, Yuxi Service sub-station 0877-2011923. .
Jiulongpo district, Chongqing shiqiaopu road, West Asia Plaza 023-68793124 sunshine and rain information technology services (Beijing) co., Ltd. Zhongqingfuwuzhongxin 68793445 68793308.
Additional evidence has been sent to http://blog. . Chinaunix. .net/u1/33680 / blog http://mryuanruhui. . Cublog. . Cn / please to download. .
1,2005 in Shenzhen City, Shenzhen National Tax Inspectorate investigated the association issuing false VAT invoices Import and Export Co., Ltd., five million yuan each year of illegal profits, the actual charge VAT payments 5 million yuan * times = fine 25 million yuan, has not yet been paid bonus. .
2. I now seeks Nguyen Yu-fai, with Shenzhen City National Audit Bureau replacement prizes ($ 5 million * 5% to 10% = 10 million) because Shenzhen Association of import and export co., Ltd. is the Lenovo Group field (Guangdong Province) business branch.
Additional evidence has been sent to Ruanru Hui shared space http://yuanruhui. . Liondrive. . Com / Please click to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
In 2003, Guangzhou City Public Security Bureau investigation detachment under my Nguyen reported Letter Yu-fai of detection and the Guangzhou digital co., Ltd "Yang Bo's incident" involving proceeds of $ 3 million recovery, has not yet paid my Nguyen Yu-fai of bonuses, now require replacement of Guangzhou, Guangzhou City Public Security Bureau digital co., Ltd "Yang Bo's event" bonus.
Please read the details of the global online space http://cblog. . Chinadaily. . Com. .cn / port / yuanruhui / one of the younger community http://home. . Cyol. . Com /? Uid-10006687 blog 2009. .10. .10 17:57 on: yuanruhui quote: 0 | Favorites | Comments: 0 Beijing Lenovo tax evasion case. .
Category: fashion.
Beijing Lenovo tax evasion case. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
First, tax verifying the vanguard - Record City IRS audit examination for a chief of the Bureau of Liang Tao (Yueyang Evening News, Reporter: Liu Zihua, Li Ji, Editor: Li Jie). .
Opened State Inspection Bureau tax check files in Chaoshan region, "fraud" and "Beijing Lenovo Group tax evasion case," ... many large tax case sponsor a bar, a name written: Liang Tao.
Second, shaking Beverages involved "Legend" is knowingly buy? "Law and Life" magazine No. 8 of 2000. .
1, a rise of "being" effect.
Some people get rich first "pull" effect, in Xuejun's home - Zhejiang Linhai very significant. Unknown out. .
A distinguished and prognosis of Xuejun obvious linhai hero.
As the case of the Chief Prosecutor, the Beijing Municipal Procuratorate No. 1 Branch of Hua Deputy Director of Public Prosecution two prosecutors said, this is the stimulating effect of economic interests. This illegal things, a man made, and to bring out a region. .
In the detention center to see the fellow Xuejun, these people are clearly divided into two parts. From hometown came as part of a direct flight to Xuejun, became the mighty hand of Chan. The case is responsible for reviewing Xuejun dossier of Inquisitor Guo-Jian, said that these people actually have formed a loose Chan headed by criminal gangs. They keep the entire CHAN, at least one of the links in the links. For example, for a short series of Chamber of Commerce and industry of company registration procedures, go to the tax authorities and purchasing invoices, looking for booking company engagement. But many of them secretly live, is the derivative of criminal gangs.
Another part I did not know Xuejun, just know Xuejun great fame in Linhai, Zhejiang, know Xuejun do "business" will make money. Even in the face of judicial interrogation, who spoke Xuejun, still with a meaty tone, agreed that Xuejun is a "generous attempts" people. Of the villagers are "care." Regular tickets will receive a fax readily give the villagers, are often purchased from the Wu Zhigang the hands of men cheap sell those invoices by the villagers, and then let them resold at high prices. For the "boss" of a share of the liberated, these people are naturally grateful. .
In Beijing, the effect is similar to the "Waterfront" undercurrent in every corner of the city. This allows some isolated, incidental crimes is extremely easy to form a stable industries. But what is even more worrying is that these "trades" between the chains that every criminal acts in the field of facilitation. For example, Zhongguancun Street, Haidian District, the flow of those help "Xuejun were" false registration company's so-called intermediary.
Deputy Director of Beijing Municipal Administration of Taxation Collection Zhang Yi people summed up the main features of issuing false VAT invoices: The business-sized, business activities of these sites is not fixed, or rented in hotels, guest houses, office buildings, residential houses, etc., liquidity is large; business registration and management projects and the practical management of a wide abnormal; financial officer or officers are not fixed and the Tax management and accounting irregularities; large turnover, but the long-term low-tax or zero tax burden, especially some unscrupulous fake for profit, registered companies using false identities, has caused great difficulties for the tax administration. .
2. How can the VAT invoice VAT?.
Value-added tax, by definition, production and circulation of goods and services for all aspects of services, value added generated by the levy of the tax. A commodity, from the 100 sold a hand to the B and B in order to ensure the balance of payments and receipts in the circulation of goods, will certainly be higher than the proceeds of the sell price, such as 150. When this happens, the extra 50 is the value of goods in circulation in the part. .
Prior to 1979 in China is not a sales tax, led the country in the circulation of this piece of double taxation. 1994 implementation of the pilot and commercial tax reform, on the comprehensive reform of the VAT, sales tax collection and the basic rate of 17 per cent. A commodity of value added tax rate, regardless of their number, as long as the commodity circulation at the same tax burden are always consistent, it causes changes in the circulation tax shiqingshizhong..
As VAT is different from the characteristics of common turnover tax, the state in determining the wide range of value-added tax, but also the use of VAT invoices to determine the collection method. VAT invoices can be used to offset tax: A will sell a commodity 100 B, B shall invoice (proceeds votes), B 150 is also required to sell the goods invoiced flac (off key votes), B to pay taxes when the time shall have two votes to the tax authorities, tax authorities with the 150 recorded on the invoice net 100, the difference is 50 multiplied by 17% of the value-added tax rate is B's tax payable. .
3, value-added tax general taxpayer: tax = tax-input tax.
Value added tax invoice to seek Which part of illegal interests? Is simple: B did not exchange any goods occurred before hand, made out of thin air or illegal cheap acquired a VAT invoice (proceeds votes), will sell the goods. Tax and other tax authority, the tax authorities to offset the input VAT is virtual, while B will be greatly reduced by the deductible should bear the tax burden. Falsifying: Tax payable = output tax, real tax amount = output tax - input tax (fake). .
Virtual driving behavior, including for others, for their own, others for themselves, others, such as a virtual drive, which caused the greatest loss is some illegal registration with a large number of companies (enterprises with industrial and commercial registration, tax authorities have issued to corporate tax registration at the sale invoice) versus the invoice, the invoice for value-added reselling, then no tax and purchase invoice is issued for a short time, and then walk away.
4, Golden Tax Project, overlooked one important? Any system designers want to perfect. .
Golden tax project started in 1994, specifically designed for VAT invoice for security-management projects. According to the Beijing Office in Beijing, with the Deputy Director Zhang Yi Park man, where the use of $ edition of taxpayers VAT invoices should be incorporated into security-management projects. As of the end of 2002, Beijing will comprehensively promote the use of computers is invoiced tax control system of the anti-counterfeiting and will cancel the handwritten version of invoices, and all computer out invoices will conduct the audit, use of invoices will..
However, we Xuejun, Wu Zhigang again succeeded in recording it, they secure personal gain, that is it cotton perfect tax control system of loopholes. .
According to the Beijing Municipal Bureau of newly registered companies, monthly supply VAT invoice amount shall not exceed 25 copies, and for the first time, you can only purchase limit of $ version of the invoice. While Xuejun false registration of Beijing Cyber trading co., Ltd., Beijing, Beijing, lasting trade co., Ltd. Shandong taihe yongxing graphic design co., Ltd and other companies, we have a choice to set up more than 1000 companies VAT 2983, tax amount RMB 4.27 billion; Tai-wing company in as little as four months, from the blossom, Haidian IRS 7100 Zhang VAT invoices, all computer version. . The case of the Chief Prosecutor Guo Jian and verified, although not every one of these invoices are filled, but most are open in the price of tax total is about 800,000 yuan. Once the flow out of reselling, incalculable damage to the country. .
According to reporter learned that the tax authorities four VAT ticket window staff are regularly rotated, the rotation is itself acts for mutual tax officials. However, this restriction seems to be limited to the form. In conspiracy with the Xuejun crime, Wu Zhi-gang is responsible, in accordance with dapiao window to a window by the amount of dapiao to type out from your computer and grant and purchasing a ticket. Links from the fiscal point of view, this window is not the most critical. Before the first window mainly audit VAT invoices were qualified and the amount of the invoices. . Golden Tax Project simplifies the defense of the human factors become pale and weak. .
In the case of the Prosecutor Mr Fred reporters were questioned. She said that a certain cure NG Xuejun just help the most important role is to change your computer background. At that time two Xuejun, Czech Republic, and excellent company and the external virtual Cyber invoicing process, is already in the field of the cheque to the local tax authorities credit problems found, and adopted tax control engineering assistance system, Haidian District Office also has received the notification subsystem in the field, the two companies have adopted certain measures: a sale invoice and the other with the tube Haidian District IRS reminds security tax control system of the staff of their tickets and filing trends. . .
Guo Jian Prosecutor is of the view that the tax inspection Department for one of the main tasks is to regulate the sale of the VAT invoice. In this case, even if you did not check for the timely detection of Wu Zhi-gang, the hands and feet to conventional thinking, taihe yongxing company in Beijing is not a very well-known enterprises, in fact, no one knows the company. But with the "Association" of the scale of the company, each month having to purchase and how much VAT invoices per month, the sales tax amount? the taihe yongxing can incorporated in just four months, and purchasing a copy of the par value reached 7100 117 million invoice, there's a lot of Maoni. stands?
The case of the Chief Prosecutor agreed that lack of supervision of these due to the tax authorities and to the criminals indirectly "create" opportunity loss, even more distressing. .
5, knowingly "buy," and "legend" and "digital" traveled in the standings.
Investigation by public security organs, the case involves criminal gangs, illegal purchase Xuejun VAT invoice reselling business, all over 27 provinces, municipalities and autonomous regions, reaching more than 1,000, and "Legend", "Digital China" These are the leader in IT industry also impressively on paper. .
When reporters asked for further understanding of these famous enterprises from Xuejun headed by criminal gangs in the hands of the purchase invoice for the amount of VAT, the case of Chief Prosecutors refused.
Chief Prosecutor Li Hua told reporters that at present, "Lenovo", "Digital China", the illegal acts of purchase invoice, to be further verification, but to the company's management ability and business scope, simply by how much the amount of purchase invoices determine whether "illegal" is wrong. .
Li said that the purchase of VAT invoices crime depends on subjective is bona fide. The so-called bona, is there between the two sides, your cargo from me to buy the goods you gave me, I will provide you with the invoice. However there is a problem: Xuejun all companies have no business activities, the company registered the only goal is making out and then reselling VAT invoices, they and the company is not likely to occur between the cargo. But only one possibility is that the enterprise in the hands of the seller to Xuejun company VAT invoices, and third-party goods obtained when communication.
According to Li Hua, at present, China's small-scale VAT taxpayers, but also not eligible for Purchasing million pages or more computer value-added tax invoices, and their course of business activities, the other party was required to provide value-added tax invoices, so that they can only be bought from the community. This purchase is clearly malicious; and the party required to provide invoices, although the subjective good faith, but also the use of VAT invoices apparent violation of the place: because they received the invoice, drawer and invoice record of the seller should be the same, but the fact is that illegally bought from the community invoice, the seller of goods between its occurrence is certainly not a party. This invoice is not used.。 For goodwill, the tax authorities will ask its back taxes and fines of up to a certain, don't do the crime.
Deputy Director of the IRS collection of Beijing Zhang Yi people stressed that the IRS is the only value-added tax invoices tax authorities, the general taxpayer to the tax authorities only purchase invoices is valid credentials. Illegal purchase of 25 or above par total of 100 thousand yuan and above, constitute the crime of unlawful purchase of value-added tax invoices shall be convicted and punished according to law. Department 5 years of imprisonment or criminal detention, be fined not less than 200,000 yuan 20,000 yuan fine. .
6, nearly 4 million who will fill the hole?.
400 million tax loss of shocking people. However, the public security organs according to statistics, the total tax cost involved has reached 200 billion yuan. Can not imagine that this flow of hundreds of billions of invoices to the real society, what will bring the impact of state finance. .
We cannot always dead sheep before trying. Case of Inquisitor Guo Jian expressed her concern: value-added tax invoices are not many cases before, but over the past two years, but rapidly on the market, it was rampant, involving high, far exceeding the other harmful tax collection and management of criminal acts. The reason, in addition to such crimes than tax evasion more simple, direct profit more quickly, more important is its relatively large existing in buyer's market.
Xuejun fake invoices to sell them quickly, that the seller's in short supply. Some companies are of sufficient size to rush to scramble to buy, no doubt contributed to the arrogance of criminals. .
What makes enterprise risk? for reporter is 17% VAT rate is too high, Beijing Municipal State administration of taxation-related, value-added tax reform is basically in line with international standards, but also take into account the situation of China, the design of the tax did not enable the enterprise to increase the tax burden, on the contrary, they promote fair competition in the enterprise, participating in the competition, ensuring economic growth and sustainable development of the health and stability.
Mainly driven by interests in the face of huge profits at your fingertips, many companies lost due vigilance and participation in competition. .
Interview of Deputy Director Zhang Yi people continue to express, making out in addition to State revenues have serious losses, it is more important to harm the interests of the citizens of the whole society. Enable citizens cannot sell to the State from tax and social public welfare facilities. While the general taxpayer who accepted the virtual open invoices and not state so that the enterprise suffered losses. He therefore appealed to the tax authorities on behalf of the whole of society to participate actively in the fight against this kind of crime activities and enterprises in obtaining invoices should be careful to distinguish between true and false, no opportunity for criminals.
Third, the largest awarded in cases of issuing false VAT invoices. .
This tax case is Zhejiang Jinhua tax case, Hebei nangong tax case, China's largest VAT case, involving up to nearly 4 million RMB. Principal Xuejun, Wu Zhi-gang was sentenced to death, Xuejun girlfriend NG as an accomplice, but also to a virtual crime was sentenced to imprisonment for not less than 13 years, while the three Beijing Haidian state tax officials.
According to reports, the perpetrators of reselling the case, times of issuing false VAT invoices and the amounts of rare in recent years. Only three years, Chen Xuejun, who use a fictitious company, has IRS Purchasing from Beijing Haidian VAT 10 900 copies, as throughout China, 27 provinces, municipalities, autonomous regions and hundreds of companies forging VAT receipts 2800 I copy and false tax of RMB 393 million yuan up. This is the tax reform, the nation's largest amount of money involved, the most important tax-related cases of harm. .
The second branch of the public prosecutor's Office in Beijing and the wire: "the Prosecutor which should be in Beijing, claimed the highest number of cases. ”。.
According to reports, the major and the handling of tax-related files from nearly 800, also hit the last 20 years records of criminal cases in Beijing. The trial court record only reached more than 130 pages. At present, the amount involved, there are still as high as 3.5 million yuan of tax has not been recovered. .
1. What is VAT?.
Similar Xuejun, Wu Zhigang this case the VAT invoices, tax reform since 1994, we had heard a lot. Even appeared as Jinhua Beverages, Beverages such Nangong dozens, hundreds of enterprises to participate in the big cases. Why are these companies so interested in value-added tax invoices? Why issuing false VAT invoices will become a more common phenomenon of crime? . .
VAT is currently being used in many countries the economy of a tax system, in which the tax system, tax is not included in the sales price, ensure that the enterprise will enable enterprises to benefit from the tax impact. Then the criminals and how to use VAT invoice to state tax evasion? Let's take this example: an enterprise for production to $ 117 a batch of raw material, it is assumed that the raw materials are processed into products, to sell $ 234, according to the national VAT rate of 17 per cent of the taxable 34 Yuan, but prior to this, the purchases of raw materials to $ 117, already has a tax of $ 17. . If companies do not buy that 117 yuan of raw materials, but can be got 117 yuan of value-added tax invoices, then when the companies sell merchandise, you can still deduct 17 yuan of tax, tax on the 17 yuan from the treasury lost to the company's pockets. .
2, an exclusive interview with principal Xuejun.
VAT invoices coveted goal of becoming criminals, on the one hand that it can be used to offset tax fraud if the fake, little things can be illegal profits. In addition, a very important reason is that VAT invoices purchase, issuance, issuance, management, auditing and inspection, there were some loopholes in part, to the criminals can take advantage of the opportunity provided. So where are these holes in? How to use criminals? Xuejun in custody, our correspondent had interviewed him. .
Sentenced to death by the principal Xuejun is Zhejiang linhai, in its custody, the reporter in the Prosecutor's Office's assistance, has found his home. This four-storey buildings in the small town of relatively stylish. According to Xuejun father revealed, Xuejun cover the building took 5 million. Xuejun for VAT invoice after arrest, Chen who closed the door, and rarely with external contacts. Journalists in cooperation with the local people knocking on the door coming. Xuejun mother put journalists invited to his house. Journalists see, Xuejun's father is fried herbs.
Said the old man, Xuejun said he had been cheated in Beijing to do labor contractor. Xuejun was arrested, the good health of elderly people were air sick. .
Reporter: "your medicine and for how long?".
Xuejun father: "eat more than six years, and has been anxious heart, sick.". .
The old saying, Xuejun childhood was once a dutiful. Once his mother is ill at home, no money for some poor, teenage Xuejun big winter also touched down river, sell fish and shrimp followed suit. Reporter: "he used to be what to do to earn a living?".
Xuejun father: "In the past have always said that labor contractor, followed by dry labor contractor renovation contracting.". .
According to the press Xuejun later revealed that when he was only doing one year earn 10 million. In 1991 he abandoned his career as a slurry of accepting a person to do computer accessories sale in Beijing. In the judiciary, journalists had custody of Xuejun. Accepting up to do, Xuejun and journalists have such a dialogue.
Reporter: "labor contractor is the envy of most people is quite a job, that can still earn a lot.". .
Xuejun: "the beggar. Others go nowhere, is not a very nice job. ”。.
In 1998, Chen Xuejun find entertainment in a POP Counter Miss, the understanding girlfriend later became Ng arriving in Beijing, Anyang, Henan Province. Xuejun recognized in 2000, registered with the Ng's identity card company. Legal representative is Ng. .
Xuejun: "I only know that I was in the form, then this company. "Xuejun told reporters that they first sell VAT invoices, you earn $ 5. "There may be more than a dozen pieces, are sold to Guangdong, blank are sold to Cantonese, took five or six thousand dollars. Be the first time that a thousand Yuan. ”。.
Reporter: "The first tax increase to do this false invoices received after the time that five or six thousand dollars hearts feel?." .
"Feel very scared. ”。.
Xuejun admit fear is due to understand their behavior is illegal. He has thought about this collection hand, but a false value added tax invoices in Cantonese comfort Xuejun said: "Nothing. Caught a big deal for a fine." Xuejun see around the so-called friends, Guangdong, issuing false VAT invoices have not been caught. Despite the fear, but not this close hand. .
Reporter: "that's why despite the fear, later also accept to do?".
Xuejun: "Finally they are out looking to sell or have nothing to do. I secretly took from them, eventually sold a bit.". .
"The second time with the first time, how long did it take apart?".
"Only a couple of months.". .
Reporter: "the second time you bought?".
"I almost, anyway 50 within it, probably, and I can not remember.". .
From the first time in over a dozen pieces, to second of the 1940, Xuejun from is not received, the judicial authorities finally finds that he and NG company with reported deficiency of VAT invoices amounting 3.93 billion, is at present, China's crackdown of value-added tax, the largest amounts of money involved. In an interview, linhai city, Zhejiang Xuejun's father had reporters bring Xuejun saying: good explanation to the problems, seek clemency. While holding press go to Xuejun with 6-year-old daughter photos. With the consent of the judiciary, journalists will these words and photographs to the Xuejun.
Xuejun: "I'm sorry that my parents too much, they took me to train so much.". .
Xuejun 6-year-old daughter is a single-parent families, children, has been looking after their parents by Xuejun. Now boarding in a kindergarten.
Xue-Jun Chen and Ng earned with a value added tax in the Asian Games Village bought a house nearby, is also used when the formalities Ng identity. Headed inscription is Ng. .
Xuejun: "I regret it. ”。.
3, Wu Zhigang exclusive interview with principal. .
As the saying goes, tango. Xuejun value-added reselling VAT invoice to succeed without the inner of the tax department. This extension is the Beijing Haidian IRS subbureau tax a staff Wu Zhi-gang. However, at the time of Wu Zhi just stepped out of the University is more than two years, regardless of job title or qualifications can only be regarded as tax authorities of new talent. He also how to facilitate Xuejun?.
February 19, 2001 late at night, when Chen Xuejun and his girlfriend Ng Garden Hotel in Beijing was caught on the ground when, Wu Zhigang was arrested at home,. Although his previous job only Haidian Branch of the General Tax staff, however, Xuejun eyes, his position minimal, unusual. Because, Wu Zhigang tax invoice by the group, responsible for general ticket information into the computer business, and then play like ticket invoices. .
Reporter: "we are the people who had gone to University as an intellectual you currently sit here what feeling?".
Wu Zhigang: "How does it feel? Very sorry.". .
"Because of what?".
"The indictment reads, issuing false VAT invoices and large amounts of property of unknown origin.". .
Wu Zhi-gang, in 1997 graduated from Yangzhou tax to the IRS, Haidian District, Beijing, became an ordinary tax workers. 2001 graduated from just 3 years Wu Zhi-gang, personal property that has reached 400 million, of which 380 million, Wu Zhi just can't describe its legitimate sources.
"Three years on average a year more than 100 million of revenue, do you think of this income is normal?" Wu Zhigang: "do not call the normal property of the unknown.". .
"You yourself admit that this is not normal. Not properly reflect the "obvious" and income. ”。.
"These properties come from?." .
"Say it's not clear, because the last too long. ”。.
Although Wu Zhigang just an ordinary tax workers, but he is critical of the invoice in the group, responsible for the company issuing the invoice. It is this key position attracted Xuejun. Thus, Xuejun Wu Zhigang tried their best to find. .
Wu Zhi-gang: "in October 1999, his company's accounting to us to buy a ticket when I know that I, through his understanding of the accounting with him. ”。.
Reporter: "Where is the knowledge?." .
"I talked to him about the meal. ”。.
"Recognized at the dinner table?." .
Wu Zhi-gang: ". In a seafood restaurant, a seafood restaurant seems to say the truth, then he didn't care about that is generally in the business dealings of a unit. Help yourself to a meal, then no intercourse, had never noticed before. ”。.
It seems that in the Wu Zhigang and not taken seriously, there is no interaction Xuejun, in the next two years, the total value of 3 million yuan and sent to Wu Zhigang couple form one pair and 20 million in cash, the two exchanges become get close up. .
Reporter: "do you think Xuejun, Wu Hung them on purpose," Wu Zhi-gang: "today, and also high-sounding alone. Now, is the use of the relationship. ”。.
"With your relationship? Use your internal staff of the IRD is able to provide them with convenience?." .
Wu Zhi-gang: "Yes, you should say so. ”。.
"That is not you he saw in person, but fancy, you are the Inland Revenue Department staff.". .
"That certainly have said so. ”。.
Since then, Wu Zhigang Chen Xuejun issuing false VAT invoices will be to open the door. He used the work they and computer technology, using illegally obtained passwords to enter the security tax control "certification" system for Xuejun provides more than 10,000 copies of the professional value-added tax invoices. Value added tax invoices became Xuejun votes. Falsifying tax reached 393 million yuan. .
Reporter: "do you think you still have sin?".
Wu Zhigang: "Yes, I admit it.". .
"What do you consider yourself?".
Wu Zhigang: "Indeed, when they issue false invoices, false invoices for their helpful behavior, we sell them all blank invoice, I think that they are running up an enterprise need (invoice) of the large point I can operate when the violations that do not follow the normal procedures to enable them to buy a little more. It is because businesses buy are 100, 200, who later were to buy 500, 600. ". .
Beijing Municipal Public Security Bureau Director of the economic crime Manager：Hu chambers: "Xuejun and Wu Zhi-just two people, through their own contacts, secretly and collusion, in collusion, Xuejun outside, Wu Zhi-gang on the inside, a large number of defrauding a VAT invoice, and rampant speculation and virtual. ”。.
Thus, Wu Zhigang, and Xuejun collusion, one for votes, a resale invoice, the two staged a largest reselling, the case of VAT invoices. The criminal activities of the two finally became public in 2001. .
The second branch of the public prosecutor's Office in Beijing Guo Jian Prosecutor: "Xuejun (case) of which 80 per cent of the value added tax invoice via Wu Zhi-gang, Wu Zhi gang of illegal the national tax authorities and purchasing. ”。.
"This is a collusion?." .
Guo Jian: "Yes, they are a common gang deficiency, is the electronic version of a VAT invoice, a VAT invoice for the price the amount of tax is very large, because the handwritten version of VAT invoices, up to the amount of VAT for a ticket to making out of some, but the electronic VAT invoices making out of a VAT invoice amount can be separated into shijiwanyuan, this is a more prominent feature. Such criminal offences in the past, in fact, compared to a social harm and the degree should be relatively poor. ”。.
Reporter: "So in this case which, Xuejun their fake invoice VAT is the largest number with a face value?." .
"Xuejun VAT invoices, the largest denomination under normal circumstances, should be 100 million. ”。.
During the interview, we learned, Wu Zhigang graduated from Yangzhou Tax Institute, he had attended high school in that year only admitted to undergraduate students. But just three years after issuing false VAT invoices because he began life in prison. Now only 29 years old, he will go to the end. .
Reporter: "most sorry?".
Wu Zhigang: "I'm sorry my mother.". .
"Why?".
"For raising my 20 years, just a few years to work was arrested.". .
4. interview: State administration of taxation experts.
In Xuejun, Wu Zhigang before sentencing, Haidian District, Internal Revenue Service have three staff members, Zhu Yutong, Panel Data Li Jianping was sentenced to imprisonment on charges of dereliction of duty. Verification investigators found that they are responsible for VAT in the invoice Faxing computer system, there are a lot of information has been illegally modified and rewritten, resulting in many successful companies do not have the qualifications have been invoiced. Internal controls exist for the tax authorities of these omissions, there is no way to eliminate it in the system? We also interviewed experts. .
Reporter: "interview with our colleague in the parties to the case when Wu Zhi-gang, have asked of him, we the people make up 30 years may also make your assets in the hands of undisclosed 380 million, but you can get. Wu Zhi-gang's answer is that because the industry is different. How do you evaluate his answer? ".
中央纪委驻 State Administration of Taxation, deputy head of the Discipline Inspection Commission and the Secretary in the State Administration of Taxation, the right to monitor Zhao Yun: "I do not think it is a feature the industry, other industries, other systems that number is not small. But Wu Zhigang in the tax system is a major case. Although each industry has a variety of corruption, but as a tax department, the people their hard-earned money earned to the State. I can tell you a number, say This is a tax-related cases, particularly cases of forging VAT receipts in 2001 after the decline in gradually.。 ”。.
Inspection Bureau of the State Administration of Taxation Director Shen Fu-ming: "All Beverages which, if related to tax officials are mostly individual behavior, our entire system of tax officials is still very good.". .
Reporter: "do you feel now in the construction of the tax project, what vulnerability?".
State Administration of Taxation audit assessment of Turnover Tax Division, Deputy Director Chen Youliang: "management tools can not keep up.". .
Reporter: "why?".
Chen Youliang: "You come to me a bill, and then to another place to offset this process, I can not follow, and there is also no information on the original certification system, there is now. 2000 General supervision of the case, I have General supervision of the data prior to 2001 is 68 cases, 34 in 2001 (cases), 2002 is 8 (pieces). ". .
In order to strengthen the tax administration, regulatory taxation order, 1995, the country started to implement duty, tax authorities and interworking, information sharing, overall strengthening of the tax aspects of the monitoring and management. In particular, tax 2001 pension phase opening run throughout the country, the tax authorities to prevent and combat illegal VAT case ability to significantly increase the number of cases has decreased significantly. However, should not be overlooked, even if strict system, the advanced technological means, but also need to ensure that the system and the people.
China's largest case of VAT invoices in the Beijing First Intermediate People's Court carried out an open verdict. Principal Xuejun, Wu Zhigang from March 2000 to December, less than a year, collusion, reselling issuing false VAT invoices nearly 4 million, was sentenced to death. This shocking case, tremendous value not only because it is the case, also to record the highest in the country, and one actually made a labor contractor, the other is the Department's general staff, who committed this terrible big time are less than 30 years of age. .
In the first-instance death penalty, China's largest VAT was one of the culprits of the Wu Zhi gang during the appeal period, for a slithis colleagues, this case also inspected together with criminals. The suspect was inspected before the internal revenue service with the tube, is responsible for the security tax invoices for work, she was out of the once received by the 20 million. Recently, Zhu has been reviewing the prosecution.
November 3, 2003, the Beijing First Intermediate People's Court to the crime of issuing fake VAT invoices, the first instance sentenced the accused Chen Xuejun, Wu Zhigang to death, deprived of political rights for life, confiscation of all property. Xue-Jun Chen and Wu Zhigang, Haidian District, Internal Revenue Service tax cadres, who teamed up more than a year's time, the issuing value-added tax invoice prices combined 3.3 billion to the state's tax losses amounting to 393 million yuan, the National Cutting Tax Collection a huge and difficult to make up for the black hole. .
Sentencing, Wu Zhi-gang to the Beijing higher people's Court of appeal, and in the second instance in the report to his colleagues Zhu. Reports followed by Beijing No. 1 intermediate people's Court Xingerting go to people's Procuratorate of Haidian District. Subsequently, Prosecutor charges have been brought to the qincheng prison many times, Chen Wu, and from the banks took inspected all the material facts.
After investigation, the suspect in the Wu Zhigang Zhu, Xuejun the case of issuing false VAT invoices, claiming in part because of their work for the reader negligence, Wu Zhigang, who for the reader, resulting in hundreds of copies of the computer version of value-added tax invoices loss. .
In October 2000, Wu Zhi has just found in IRS tax administration section is responsible for the security tax invoice of suspect Zhu, requests for help will have been a sale invoice IC card technology co., Ltd changed to not include anti-counterfeiting tax control system of a graphic design company, to purchase invoice, and promised Zhu thank fee. Zhu and illegal a IC card, taxpayer identification number and invoice purchase receipt of a taxpayer identification number is changed to a graphic design company tax number, after numerous illegal just to help Wu Zhi reads the IC card card content is cleared to zero, to evade the tax inspection.
October 2000 to 11-month period, a total of over a hundred copies of VAT invoices to the computer version of a graphic design company name out. Wu Zhigang, Zhu Xuejun to thank the help of, respectively, from the sale of 200,000 yuan deposit invoice provided Zhu CCB their personal savings card. .
It is understood that, as early as the Xuejun, Wu Zhi-gang before, there will be three cadres, Haidian District Office to dereliction were sentenced to prison terms.
29-year-old first came to Beijing, Zhejiang Linhai Chuang Chen Xuejun farmers when the world is no act of turning his life he knew in the first IRS tax Haidian District of Beijing is one year younger than him by the Wu Zhigang, the two had also complementary, in less than two years crazy time out 2983 copies of VAT invoices. Verified later, Wu and Chen in this combination not only gives young offenders countries 3 billion in tax revenue failed to be implemented, but also to Wu Zhigang came up with a 3.7 million yuan of the "huge amount of property can not explain the source." This is the first Beverages from the capital, when revealed to the world could not help let us think of a few days ago, as the caterpillars climb piles of rails, Qiqihar Railway Branch pipe lines within the soft forest was once forced to actually suspended.。.
In fact, this case is not complicated, just a little attention to what Wu superior units daily life, look up his Pushing luxury Honda is where he comes from, and there they are frequent visitors to five-star hotel to drink, "Sanhua" record. Do not say a callow Wu Zhigang, even then the sophistication of criminals has been arrested. Shows that the problem lies in Wu's body, the root cause is still the chance of using aspects of the tax department. .
VAT invoices, of course, there is a huge "buyer's market," but leave the "tax rat" echoing within, even criminals take everything so easily wouldn't. Objective stated that tax departments in these years has spent a lot of taxpayers ' money is equipped with control system, but then cutting edge technology is one of, if the tax Department will not be able to use your own, look after their own doors, advanced technology also only be charged a nominal. Because in today's increasingly younger tax officer, a tax control system from modifying the data before and after the exit, just less than one minute. It is no wonder that after the case has just destroyed Chi NG substantial evidence.
So, Wu, Chen revealed that young offenders what combination? Exposure to our tax department in the system, supervision, and moral construction of a huge loophole. Even if the media do not inquisitive, do not ask more than the Wu's "relationship tax", "human tax" and "the will of the tax" so much "tax" and all is an objective existence. .
All around us, we are also familiar to those cookie-cutter, people from cocoons ear: rumors of a segment, a tax authority may eat and drink, casual, casual, casual, casual and arrangements for their children to school, feel free to let seven dagu, gives eight Auntie. Even more frightening is that the tax authorities that "even water to drink," has become habitual.
Of course, Shui Guan crime may be hidden behind the rejuvenation of an even greater crisis, that technological advances alone to constrain the collection and management of tax form, taxpayers have to let the door be easily pierced after Tax for the social wealth and sustainable development security concerns. Because a lot of revenue loss, not only threaten our trust in government, but also undermines the already fragile identity of social justice. The sanctity of public property when the state became the official exchange of certain tax benefits tool, repeated access to national tax when the tax moth door, our tax system, why can not carry out a profound self-examination and reform? . .
The seriousness of the problem is that, if we have so many tax borers are still eaten food with the wealth of Nations; so a number of caterpillars can climb on track, so don't expect the Chinese citizens have the good habit of tax, do not count on social security are guaranteed.
Please read the details of Sohu blog http://yuanruhui. . Blog. . Sohu. . Com. .
Category: Media. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Independent Commission Against Corruption. .
Guangdong Province Shenzhen City National Audit Office and the administrative enforcement of omission alleged internal corruption corrupt after malfeasance.
1,2001 on August 29, the Guangdong Provincial Public Security Bureau and Local Taxation Bureau in the "Guangzhou Daily" issued a document to crack down on tax evasion. .
2. March 2003, I use Nguyen Yu-fai, real name, according to the words of Guangdong Gongtong [2001], no. 214, the first time you send a report to the relevant departments (Guangdong local tax Bureau and State administration of taxation and etc.) content is reported to the Lenovo Group field operations branch was arrested for tax evasion and tax fraud and violations of labour law (not complying with the provisions for staff in social security and housing Provident Fund and other issues), Guangdong Province, the IRS Audit Bureau report centre of Ronaldinho and land tax inspection Bureau 12366 has acknowledged receipt.
3,2003 Nov. 2, I report the second letter sent to the Shenzhen National Tax Inspectorate, the content division reported operating Lenovo field (including Shenzhen Lenovo Lenovo Computer Limited and Shenzhen Electronic Co., Ltd.) is suspected of tax evasion, etc. problem, Miss Zhang Yongzhen has acknowledged receipt. .
4, 19 November 2003, I will report material to Guangdong local tax Bureau taxpayer Service Center, the signature is Tracy and forest chenhong smell, by transmitting them to the Inspection Bureau, its response is forwarded to the Shenzhen office rent check.
November 20, 2003, I will be reporting materials to the Office of Guangdong Provincial Public Security Department letters, for transmission to handle Economic Investigation Corps. .
26 November 2003, I will report material to Guangdong Province of the IRS Audit Bureau report Centre, sign-off for Ronaldinho (learned from Concierge call) replied that had been handed over to the State Tax Inspection Bureau, Shenzhen.
On March 5,2004, a man (speaking in Mandarin, unknown) claims to call himself the Shenzhen National Tax Inspectorate, said computer records found in its Lenovo (Shenzhen) Electronics Co., Ltd.. .
6. April 2004, I browse Shenzhen IRS Web site at taxpayer got to appear on the list of associations (Shen Zhen) Electronics Co., Ltd.
7,2004 May to June, my voice phone system in Shenzhen, the IRS has left 123 661 records of the three reports, tracking numbers for the 1693 and 1749 and 1783, the password is 444444 and 555555 and 666666 and so on, the content is reported Shenzhen Lenovo Ltd. and Lenovo (Shenzhen) Electronics Co., Ltd. and Digital China (Shenzhen) Co., Ltd. suspected tax evasion and other issues. .
。.
9,2005 on the morning of April 15 received the Secretary of Guangdong Province on rent, to report in person, "Legend" and "Digital China" in the company of Guangdong Province (including Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co., Ltd.) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) to report material received after the inspection bureau asked me to re-write the letter report, the content can not be involved in Guangzhou and Huizhou City, the National Tax Inspectorate, as its non- power handling, and shows no right to manage the local taxation bureau of Guangdong Province, Shenzhen Local Inspectorate.。.
10,2005 on April 20, I made inquiries Shenzhen National Tax Inspectorate, Miss Lau has received replies Legend Computer Co., Ltd., Shenzhen, value-added tax payments several hundred thousand dollars, but only bonus RMB2000 yuan. .
11, at that time, I also by Shenzhen Bureau of voice telephone systems to report results, 123661 telephone recording "cases are being processed, not yet reported up" now records have been destroyed.
12,2005 on April 21, Guangdong Public Security Bureau in person to petition the office to report the "Legend" and "Digital China" in the company of Guangdong Province (including Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co. company) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) the receptionist said that the case should be transferred by the Tax Inspectorate to handle. .
13, 2005 19 may, in accordance with its requirements I again wrote a letter and fax it to the reporting of Guangdong local tax Bureau, Mr. has confirmed receipt of wonderful.
14,2005 on May 31, I will report complaints lodged with the IRS to monitor the room Dong Chen, Guangdong Province (the winter winds, winter), Mr., content in addition to requirements to solve money problems, also reported a "Legend" and "Digital China" Companies in Guangdong province (Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co., Ltd.) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable). .
15, CHAN Tung (Dongfeng East) in reply to Mr. were transmitted to the State Tax Inspection Bureau of Guangdong Province Wang Chief and Ms. Liao..
In accordance with the State Administration of Taxation, "to monitor the temporary tax provisions." .
Article 31 of the Tax Inspectorate investigated cases placing within six months after completion, have a specific reason to extend the period of investigation, but no later than one year. Superior tax watchdog action cases, cannot be settled, it shall justify the action body.
16,2005 on the morning of October 8, a women claiming to be "Guangdong Tax Inspectorate Miss Liao," call me twice to inform me to Shenzhen National Tax Inspectorate to receive bonuses, prize money is RMB50156 first element, second Award amount is RMB10156 yuan, managers are Miss Zhang Yongzhen. .
Question: why the bonus amount from $ RMB50156 drops $ RMB10156? according to the Shenzhen state tax cases of violating the provisional regulations on reward bonus ratio is 1 per cent calculated its actual receipt of VAT payment for $ 501 million or 101.
17,2005 on the morning of October 12, I arrived in Shenzhen National Tax Bureau of Building Inspection Room 2310, when the room is only Miss Zhang Yongzhen, are driving the computer and copier. .
18, Ms. reception I zhangyongzhen, pick up the phone and dial the number asked "Hey, get bonuses, 000?" and then drop the phone with my card to another Office, do not know how many servings, photocopying? back fill out bonuses, side, side himself said that "a third time, he said, is to find another available after." . .
Question: why Shenzhen IRS Audit Bureau, I arrive at the Casino is informally told I received millions of tax?.
19, afterwards, I made inquiries Shenzhen National Tax Inspectorate, Miss Liu insisted that only accept the more than 300,000 value-added tax payments. .
Question: why is the Shenzhen Bureau of internal revenue tax different?.
20 to "Guangdong Provincial Tax Inspectorate Miss Liao," reported the first prize money RMB50156 yuan, the Shenzhen National Tax Inspectorate is absolutely impossible for more than 30 million tax charge only, while I call the Guangdong Provincial Tax Inspectorate Miss Liao query, its denied ever calling me to inform me to collect money Shenzhen National Tax Inspectorate. .
Question: why does the IRS Audit Bureau, Shenzhen, China in April 2005 was only 30 million tax, to the September got millions?.
21,2005 11 months to March 2006, I repeatedly call the National Tax Inspection Council for the association of Shenzhen (Shenzhen) Electronics Co., Ltd., and Digital China (Shenzhen) Co., Ltd. investigation results, Ms. Liu and Ms. Zhang said that I did not receive submitted to the National Tax Inspection Bureau of Guangdong Province reported materials, chief Zhou (Chow) President claimed that there is no backlog, and the Guangdong Provincial Tax Inspectorate Wang Kechang answer is already referred to the state tax inspection of Shenzhen Bureau. .
Question: why does the IRS Audit Bureau, Shenzhen's reply and Inspection Bureau, Guangdong Province, the IRS does not match the answer?.
22,2006 on August 4, I in Shenzhen IRS Web site to report a complaint letter directly invested, the proposed petition serial number is 200 608 043 003 complaints. .
23, August 4, 2006, in Guangdong Province, the IRS Web site directly into complaint letter, reported receiving numbers 200608040003 complaint numbers 200608040002.
24,2006 on 25 September, the IRS Web site in Shenzhen, I once again put in to report complaints directly to the letter, petition and serial number to 200 609 253 001 200 609 253 000. .
25, 9 October 2006, in Guangdong Province, the IRS Web site once again direct inject complaint letter, reported receiving numbers 200610090003 complaint numbers 200610090001.
On 8 June 26,2007, the IRS Web site in Shenzhen, I once again put in to report complaints directly to the letter. .
Report the number of serial 200706081002 and 200706081003 and 200706081004 petition 200706083001 and 200706083000 FIFO.
27,2007 on June 29, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint, reported receiving number: JB200706290002 and: JB200706290003. .
28, 29 June 2007, in Guangdong local tax Bureau directly put again on the website of the complaint letter.
Reported receiving complaints received No. No. 200 706 290 001 200 706 290 002 Counseling for the check number is 1124057. .
29, 3 July 2007, at the Shenzhen Office once again put directly on the website of the complaint letter, and visits of the serial number is 200707033001.
30,2007 on July 3, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint. .
Consultation question admissible number ZX200707030024 password: 601593 recommendations accepted number JY200707030001 query.
On August 31,2007 to October, I made several inquiries Shenzhen National Tax Inspectorate Lenovo (Shenzhen) Electronics Co., Ltd., and Digital China (Shenzhen) Co., Ltd. investigation results, Mr. Chen was not given a reply Lenovo (Shenzhen) Electronics Co., Company tax and the Guangdong Provincial Tax Inspectorate submitted Digital (Shenzhen) Co., Ltd. written inspection report (does not specify the number of taxes collected) and asked me to go to listen to Chief and Secretary's explanation. .
32, I am including one call the IRS Audit Bureau, Shenzhen, came from the microphone for a period of slight strange dialogue, answering (drills, Mandarin, unknown) on another man said: "Lao with provincial Bureau of nominal told him to get a bonus of $ 40000 less, as a result of his province, to engage, Xiao Liu and ... He reports sent to the Prosecutor's Office ... Lao ... now he's asked how check?" another man (speaks Mandarin, unknown) for: "Let's talk carefully. "Implying Shenzhen IRS Audit Bureau zhangyongzhen ladies posing as a State Tax Inspection Bureau, Guangdong Province, Liu, notice I get bonus less $ 40000, why?.
33,2007 on August 29, I personally went to the National Tax Inspection Bureau of Guangdong Province Wang Kechang time to listen to investigation reports. .
(1) of the IRS Audit Bureau, Shenzhen belongs to the State administration of taxation, tax Bureau, Guangdong Province, the IRS does not have permission to manage.
(2) Shenzhen National Tax Inspectorate received a Legend Computer Co., Ltd., Shenzhen, value-added tax payments more than 20 million dollars, according to terms of the proportion of 5% bonuses, Guangdong Province, the National Tax Inspectorate did not inform me to collect money. .
Question: to Shenzhen IRS Audit Bureau zhangyongzhen Lady for the first time the award amount is $ RMB50156 calculated its actual receipt of VAT payment to 101 million * five times = 505 million fine.
(3) Tax Inspection Bureau, Shenzhen, Guangdong Province, passed the National Tax Inspectorate report dealt with a complaint before the material of Digital China (Shenzhen) Co., Ltd., and I have nothing to do, it can not receive bonuses, but also does not specify how much tax is collected. Question: Why do my reports record voice calls will be lost without? . .
(4) of the IRS Audit Bureau, Guangdong Province, there is no Ms. Liu.
Question: Why Wang Kechang response and monitoring room Mr. Chen Dong of the consistent answer it? And I do have and the Guangdong Provincial Tax Inspectorate Miss Liao talked about phone. Again, I call the Tax Inspectorate of the Office of Guangdong Province, once again confirmed that indeed Miss Liao. Wang Kechang Why lie then? . .
34, I now suspect "legend" and "digital" arrested for bribery, Shenzhen City National Audit Bureau alleged misconduct by the corrupt bribes, after delete voice telephone system within the reporting record. 123661.
In February 35,2008, I call the center of Shenzhen Tax Inspection Board report query, answer man (speaking in Mandarin, unknown), said Bureau of Guangdong Local Tax Inspection Report Center is delivered in May 2004 I reported in November 2003 letter , while the other women (speaking in Mandarin, unknown) claimed that the National Tax Inspectorate investigated Shenzhen Shenzhen Import and Export Co., Ltd. Legend. .
36, 5 August 2008, Beijing Haidian District of the IRS Audit Bureau report Centre Mr. Yang said received reports content to associate with the import and export co., Ltd. VAT invoice for the annual profit of $ illegally.
Question: Haidian District Tax Inspectorate reports to report a letter received by the Centre is informed of the case to issue, because at that time as long as the replacement of Shenzhen National Tax Inspectorate ten million in prize money, I would give up the question of original sin tax association. .
37, August 2008, I call the IRS Audit Bureau, Shenzhen Center queries, including those operated by the man that the computer can't find Lenovo import and export co., Ltd. nor the record of the case.
Question: Why the Shenzhen Centre for Tax Inspectorate Report replies with the Shenzhen Centre for Tax Inspection Board reported inconsistencies do? Import and Export Co., Ltd. Shenzhen Lenovo 2005 really was the Shenzhen National Tax Inspectorate dealt with a case of issuing false VAT invoices. .
38, I now suspected of Guangdong Province and Shenzhen City national inspection report was both make use of this material benefit is harboring "legend" and "digital" to conceal its inspection of the "Association" and "digital" ten years of accounting, tax payments actually received $ 5 million * five times = fines of $ 2500 and results, and deduction eat my bonus (not my clues or not received materials from a report does not give the ground laizhang bonuses) may be the "legend" and "digital" is the purpose of evading the legal sanctions and retaliate against me and forced me to engage in low-paying jobs.
39, I now suspect that an attempt to Shenzhen by the National Tax Inspectorate, "killed a man bargaining" strategy, if I went to Shenzhen, the National Tax Inspectorate, but can not solve the money problem, and that even the transportation costs are Kuidiao up. .
40, I hereby request the replacement of Shenzhen City National Audit Bureau Prize (500 million * 5% to 10% = 10 million) because Shenzhen Association of import and export co., Ltd. is the Lenovo Group field (Guangdong Province) business branch. I hereby request the Inspection Bureau of Shenzhen City rent according to the standard replacement bonus.
Please read the details of Baidu Space http://hi. . Baidu. .com / yuanruhui blog http://hi. . Baidu. .com / mryuanruhui. .
Huizhou City, Guangdong Province and the District Tax Inspectorate and the yang of administrative law enforcement is not as, after the corruption within it was dereliction of duty fraud. .
1. on 29 August 2001, the Guangdong Provincial Public Security Bureau and then in the "Guangzhou daily" running against tax evasion and tax fraud publications.
2,2003 in March, I Ruanru Hui use real names, according to the Guangdong public through [2001] No. 214, the text, the first letter sent to report to the authorities (Guangdong Provincial Public Security Bureau and Local Taxation Bureau and the Internal Revenue Service, etc.) content is reported association Group operating subsidiaries of foreign suspected tax evasion and violation of labor law (not required for employees handling such issues as social security and housing fund) Guangdong Provincial Centre for Tax Inspectorate reports and Tax Inspection Board, Mr. Ronaldinho has confirmed receipt of 12 366. .
3, 19 November 2003, I will report material to Guangdong local tax Bureau taxpayer Service Center for the reporting of suspected associating "Huizhou" tax evasion and tax fraud, the signature is Tracy and forest chenhong smell, by transmitting them to the Inspection Bureau, its response is forwarded to Huiyang Huizhou and land tax inspection Bureau.
November 20, 2003, I will be reporting materials to the Office of Guangdong Provincial Public Security Department letters, for transmission to handle Economic Investigation Corps. .
26 November 2003, I will report material to Guangdong Province of the IRS Audit Bureau report Centre, sign-off for Ronaldinho (learned from Concierge call) reply is forwarded to Huiyang Huizhou and IRS Audit Bureau.
On August 4,2004, I call the Guangdong Provincial Centre for Tax Inspection Board report query, the answer is Huiyang District, Huizhou City, Guangdong Province, has received the original land tax inspectors Huiyang Legend Computer Co., Ltd. Huizhou (now Cordia Electronics Huizhou Co., Ltd.) tax more than 60,000 yuan, a fine of more than 60,000 yuan, totaling more than 120,000 yuan. .
5. August 2004, in Guangdong local tax Bureau Huiyang district tax inspection Liu Guo-Jun (Jun) Mr. notified I receive a bonus of $ Attn RMB10312 is reporting centre Yu Ying (Zhou Yu-Ying) ladies.
6, I get Huiyang District Tax Inspection Board to receive bonuses, the Zhou Yuying (Zou Yuying) Ladies and the ID card copy of the two, saying there is no IRS Huiyang. I stood outside the office heard the office and the managers inside the Director Yang Zhou Yuying (Zou Yuying) President's remarks. Zhou Yuying (Zou Yuying) President, said: "National Tax means we Xian Baqian to him, then she (he) had the money then turn around." Director Yang asked: "Guo-Jun Liu (Jun) and the National Tax string yet?" Zhou Yuying (Zou Yuying), Ms. A: "string it up." (that is, 17% VAT Tax payments * 7% = rent urban construction tax, state tax of 17% value-added tax payments * 3% = rent extra charges for education.。.
7,2004 September to December 2004 period, I have five telephone counseling Huiyang District Tax Inspectorate. .
The first call, followed by men (speaks Mandarin, unknown) known as the "legend" of the computer in question, cannot be transferred out of scores, and stated that Ms. Wang is in charge of the case.
When the second call, Ms. Wang also called "Legend" of the computer problem, can not bring up old scores, and asked me to resubmit all the relevant written material. .
The third call, Ms. Wang I provide the name of the customer requirements (this point I have to do so).
When the fourth call, Ms. Wang asked me to provide "Lenovo" Accounting information (which I have to do so). .
The fifth call Ms. Wang said in 2001 IRS audit Huiyang District Council has received another report has been made to "Lenovo" fine, I reported to the material just the supportive role, so not receive bonuses; and stated that tax inspection Bureau, Huiyang district to pay bonuses and monthly Huiyang District Tax Inspection Bureau, the Huizhou City National Audit Bureau also informed. Question: why does the IRS Audit Bureau Huiyang Ms. Wang inconsistent?.
8, I had several telephone inquiries, Huizhou City, the National Tax Inspectorate, the answer is: Huiyang District Tax Inspectorate investigation had not yet submitted the results, not yet investigated "Lenovo" alleged tax offenses. Question: Why Huizhou City Tax Inspectorate response and Huiyang District Tax Inspectorate of the response is inconsistent? . .
9, 29 March 2005, 15: 15 with personally to the Audit Bureau in Guangdong Province of the IRS to report "Huizhou Lenovo" from 1990 to 2003 period were arrested for tax evasion and tax fraud, and other issues (no tax) at the reporting centre Conference room opposite is in a meeting, the Chief of the presence of King said: "by the year 2000 the enterprise income tax rent Inspection Bureau levy is, beyond the year 2000 the enterprise income tax levied on the IRS Audit Bureau is part of the" Ronaldinho, Mr. enterprise income tax is a tax inspection Bureau, Guangdong Province, on the grounds of rejection reports collected materials.
10,2005 on the morning of April 15 received the Secretary of Guangdong Province on rent, to report in person, "Huizhou Legend" from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) to report material received after the inspection bureau asked me to re-write the letter report, the content can not be involved in Huizhou City, the National Tax Inspectorate, because it has no authority. I already had a hand in accordance with their requirements to report a simple letter to the Tax Inspectorate is responsible for reception staff. .
11, 21 April 2005, I come to the Office of letters and calls the Guangdong Huizhou Lenovo "reported" from 1990 to 2003 period were arrested for tax evasion and tax fraud, and other issues (no tax) reception staff indicated that the case should be transferred to tax inspection Bureau..
12,2005 on May 19, in accordance with their requirements, I wrote again to report the letter and fax it to the Tax Inspection Bureau of Guangdong Province, Mr. Hu has confirmed receipt of small. .
13, 31 May 2005, I will submit the complaint material State supervision of Guangdong Province, Chen Dong (winter wind in winter), apart from requirements address the bonus, it also reported "Huizhou Lenovo" from 1990 to 2003 period were arrested for tax evasion and tax fraud, and other issues (no taxes).
14, Chen Dong (east of the East) President's reply was handed the National Tax Inspection Bureau of Guangdong Province and Miss Liao Wang Kechang handle. .
In accordance with the State tax inspection regulations.
第三十一条 tax regulators to initiate an investigation of the case should be closed within six months after placing, handling cases for special reasons to extend the period required, not later than one year. Higher tax cases assigned to monitor the agency, not on track to close the case should be assigned by the agency to justify. .
15, December 2005 to March 2006, the number of times or call the IRS Huiyang Huizhou and Inspection Bureau query.
(1) National Tax Inspectorate Huiyang Ms. Wang answered: Huiyang Tax Inspectorate has not investigated the "Legend" alleged tax violations, the National Tax Inspectorate and Huizhou finally say consistent. Question: Why wait until I submit materials to the Guangdong Provincial Bureau of complaints reported to monitor the change room after Mr. Chen Dong answer? . .
(2) of the IRS Audit Bureau Director-Huizhou (leaders), Ms. WONG: IRS Audit Bureau Huiyang district has not yet been submitted and the results have been investigated and dealt with the "Association" arrested for tax violations.
16, but I call Huizhou, one of the National Tax Inspectorate inquiries came from the microphone in a weak strange dialogue:. .
Responsible for answering (speaks Mandarin, unknown) put the microphone "boom", ask another man: whistle-blower ' Association "asked ' how the case?" another man (speaks Mandarin, unknown): "the case is not a knot?" a lady in charge of answering the question: "do not know, that bonus?" another man's answer: "you dragged it. "The Lady in charge of receiving and replying to myself:" the IRS Audit Bureau Huiyang district has not yet been sent to investigate the results ".
In June 17,2006, I call the Guangdong Provincial Tax Inspectorate inquiry, Wang Kechang response is: it does not require the Tax Inspectorate, Huizhou City, Province Governments reply, so I have to get the Huizhou City Tax Inspectorate matter. .
18, 29 June 2007, in Guangdong Province, the IRS Web site once again direct inject complaint letter, reported receiving number JB200706290002 and JB200706290003.
19,2007 on June 29, I in Guangdong Local Taxation Bureau Web site to report once again put in a complaint letter directly. .
Reported receiving numbers 200706290001 complaint numbers 200706290002 Advisory problem query number 1124057.
20,2007 on July 3, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint. .
Consultation question admissible number ZX200707030024 password: 601593 recommendations accepted number JY200707030001 query.
21,2007 on July 3, Huizhou City, I directly put the IRS Web site to report a complaint letter again. .
Reporting and filing number JB200707030003 JB200707030005 also JB200707030006 JB200707030004 and. ..
22,2007 on August 29, I personally go to Guangdong Province, the National Tax Inspectorate inquiry, Wang Kechang change Re: had pressed several times, is waiting for a written inspection report. .
23. October 2007, I call the Huizhou City National Audit Bureau, the Director (head), Ms. WONG: September 2007 report has been written to deal with the IRS Audit Bureau, Guangdong Province, not to charge VAT, corporate tax by the provincial Council decisions.
Question: Why Huizhou City Tax Inspectorate response and Huiyang District Tax Inspection Board is inconsistent to say? . .
24, October 2007, I call the IRS Audit Bureau, Huiyang district, answering men (speaks Mandarin, unknown) that has not yet been investigated and dealt with the "Association" arrested for tax violations. Question: why Guangdong Huizhou City National Audit Office and the reply and the IRS audit Huiyang District Council's answer?.
On October 25,2007, I call the Guangdong Provincial Tax Inspectorate inquiry, Wang Kechang Re: do not charge value added tax, corporate income tax is levied Tax Inspection Board. . .
Question: why is it inconsistent?.
On October 26,2007, I call the Guangdong Provincial Tax Inspection Board inquiry, answer man (Cantonese-speaking, unknown) that the "Legend" are joint ventures, corporate income tax is levied Tax Inspectorate. Question: Why National Tax Inspection Bureau of Guangdong Province back with the Tax Inspection Board is inconsistent then the answer? . .
27, I now wonder "Associational" bribes, Huizhou city of Guangdong Province and and the IRS audit Huiyang District Council internal to suspect a fraudulent dereliction of corruption after take the opportunity to report material benefit is harboring "Association," which also pocketed eat my bonuses or to charge VAT for reasons not to bonuses, laizhang may "legend" is aimed at avoiding legal sanctions and retaliate against me and forced me to engage in low-paying jobs.
28, I hereby request and Huizhou, Guangdong Province and Huiyang District Tax Inspectorate of the standard replacement prize. .
29, I hereby request and Huizhou, Guangdong Province, and the rent check Huiyang District Council in accordance with the standard replacement bonuses.
30,2009 on July 4 at noon Saturday, Huizhou City Public Security Bureau police Tao Weihai (already produced documents) and two unknown men came to Guangzhou to the junction of the Dragon about my room-consumer food restaurant (a burning smell, a copies of shellfish, a rape, a pot of soup, Siwan rice, four packets of cigarettes Furong Wang, total 280). .
31, Huizhou City Public Security Bureau police Taowei sea known as the two strange men is the public prosecutor's Office (without papers) conversation is verified "Huizhou Lenovo" arrested for tax evasion and tax fraud, and other issues, I have been told they have evidence to the networked exposure.
32, which was later renamed himself as a strange man, a businessman, and another unknown man was his friend's Procuratorate officials, because of the need and the association business, ready to sign a long-term contract offered to me by a sum of money, The conditions are that I am not going to report suspected Lenovo tax evasion problem, and sign an undertaking. .
33 and now the Huizhou City Public Security Bureau police put simply don't Taowei sea report digital to avoid future trouble.
34, I was asking price is 100,000 yuan (this is the Tax Inspectorate of the bonus amount, the money enough to let me pay up after fifteen years of social security costs of future retirement, but the collection is doing everything possible after the Clinton-Schumer Amendment to the bonus) because At that time I had no money, but also with a pair of three, if they refuse to check out left, then I will suffer, so "do not eat the immediate loss hero" had verbally agreed to their conditions of temporary, and will report the matter again after the exposure . .
35, that it was renamed himself a merchant's request that it needs to strange men, Chairman of the Board within one month to reply to my Guangzhou again, select a time on a Saturday and Sunday (Guangzhou City courts Commission monitoring of the rest days) and I don't want to tell others.
36, because I suspect this is Lenovo and Digital China by the trap, so in July 8, 2009 report to the appropriate law enforcement authorities (in Guangzhou City and Guangdong Province and the Central Public Security Bureau, Guangzhou and the Guangdong Provincial Procuratorate and central Zuigao Jian , Guangzhou City and Guangdong Province and the Central Commission for Discipline Inspection and supervision departments) even if they come in Guangzhou, it would not take the seven million and is not signed by a guarantor and hit 110. .
37, 2009/July 18, Saturday morning, Huizhou City Public Security Bureau police Taowei sea call said that it was renamed himself to be a merchant that stranger is Zhang (chapter) Manager, the company name that they have signed a contract with Lenovo, after agreed out of $ condition is no longer required to report suspected associating I tax evasion and tax fraud, and, as regards digital no!.
38,2009 on Saturday afternoon, July 18, Huizhou City Public Security Bureau police Tao Weihai has called, he said, after they discussed the decision of seven million, on condition that I no longer required to report suspected Lenovo and Digital China tax evasion problem. .
39, July 21, 2009 Tuesday morning, Huizhou City Public Security Bureau police Taowei sea again call said that because the Manager Zhang (chapter), on a business trip and so it came back again and Chairman of the Board together to discuss the agreement.
40,2009 on the afternoon of Thursday 23 July, Huizhou City Public Security Bureau police Tao Weihai has determined they are willing to call out 70,000 yuan, on condition that I no longer required to report suspected Lenovo and Digital China tax evasion problem. If I do not agree, who Zhang (Zhang) who carry out his manager would look for me. I told them that the matter has been reported on the law enforcement agencies (police departments of Guangdong Province and the central, Guangdong Provincial Procuratorate and central Zuigao Jian, Guangdong Province and the Central Commission for Discipline Inspection and supervision departments) As for whether an investigation is not related with me, do not talk about this matter Rights. .
41, 2009/July 24, Friday noon, Huizhou City Public Security Bureau police Taowei sea again calls that have already implemented the $, I tell them again has reported this matter to the relevant law enforcement authorities, and that I don't have the money.
42,2009 on the afternoon of Friday July 24, Huizhou City Public Security Bureau police Tao Weihai and a strange man (claimed to be the driver, not the last time that "Procuratorate officials," Chang-manager does not appear) came to the door of the others. Because I was too late to play 110, so I shut the iron gate to tell them what things need to talk to go through the local public security departments, private, do not talk about the matter, and then they left. Because I already sent a letter to report to the Guangzhou Public Security Bureau, if they really go to the local public security departments, it is right time. .
For more information please read the original Chinese blog network http://mryuanruhui. .blogcn. There are Bo .com/net http://yuanruhui. .blogcn. .com/.
Guangdong Province and Guangzhou City and Eastern IRS Audit Bureau, administrative enforcement of alleged internal corruption corrupt after malfeasance.
1,2001 on August 29, the Guangdong Provincial Public Security Bureau and Local Taxation Bureau in the "Guangzhou Daily" issued a document to crack down on tax evasion. .
。.
Question: Why, after I sent the letter to report, Digital China Co. Ltd. "Bo" incident became public? . .
3, 14 April 2003, Guangzhou Office issued combat tax evasion and tax fraud.
4,2003 on April 15 to May 7, the second time I send a report on its Web site a letter and simultaneously sent to the relevant departments. .
5. May 2003, Guangzhou City National Audit Office report Centre Ms. Zhang (chapter) (Cantonese, unknown) call to acknowledge receipt of the request I put in the summary report again after the problem. Question: why Ms. Zhang (chapter) just received my 15 April to 7 may report?..
In early June 6,2003 "61" on its Web site the third time I have summed up the report sent a letter and simultaneously sent to the relevant departments. .
Question: why Ms. Zhang (chapter) insists not received in early June I "," sent reports?.
7,2003 on April 10 -6 10, Guangzhou Shenzhou Digital Co., Ltd. "Bo" incident became public. .
Yang Bo's original digital China South China Guangdong Guangzhou company sales manager, in collusion with the suppliers to raise prices to reap gains (making VAT VAT increase) using distribution pricing power, and external agents colluded to price products, sell digital products (the VAT sales tax reductions), such as printers, scanners, plotters, fax machines, computers, mobile phones, leading company profits, loss of 300 million to 600 million, and the fiscal year the company's overall gross margin is 1300 million. Reportedly, Yang Bo's had been apprehended after convicted, has recovered some money involved.
Question: In 2001, why Mr. Tony Tung Digital Co., Ltd. and Guangzhou, and not in accordance with the August 29 "Guangzhou Daily" Cantonese Kung Tong [2001] No. 214, the text gave himself up. In accordance with the April 14, 2003, Guangzhou, the IRS issued a document:. .
Guangzhou IRS income tax payments should the State Treasury is approximately 300 million * VAT rate of 17 per cent = 51 million.
Guangzhou Local Taxation Bureau to be urban construction tax and education surtax treasury income of about 510 000 * (7% +3%) ratio = 50,000 yuan. .
Guangzhou City intermediate people's Court to a fine of approximately (51 million + 5 000) * 5 times = 280 million.
I can receive bonuses (51 +5) 10 000 * 5-10% = 3 to 60,000 yuan. .
8. August 2003, at that time, I do not know the "Yang Bo's event" call the Guangzhou City National Audit Office report Centre enquiries, Ray (speaks Mandarin, unknown) about electricity, replies: PC does not have any complaints, found materials, materials for reporting back.
Question: Why National Tax Inspectorate report Guangzhou center computer can not find me in the April 15 launch to early June report by the letter? . .
9, 19 August 2003, the "digital" to Mr. Kuo, Chief Executive of the EMAIL to the email address of each employee, Yang Bo's incident, "Recognizing".
On October 10,2003, "Yang Bo incident" was made public, I sent the fourth report in a letter on its Web site, and simultaneously sent to the relevant departments. .
11, Guangzhou City National Audit Office report Centre Ms. Zhang (chapter), submit a written request to report material I, its just received my 15 April to 7 may report letter adhere to claims not received in early June I "," the release of report material and not answering my phone in August, and that I have the wrong telephone number. Question: why Ms. Zhang (chapter) of the reply and reply to Ms. inconsistent?.
12,2003 on the afternoon of October 27, I personally will be "98 units of Lenovo Group, the Financial Regulations other ports operation" and a set of documents (stamped with official seal) to submit copies of the National Tax Inspectorate report center, sign people Huangwan Wen (Wang Yuan-Wen) ( September 30, 2005 telephone inquiries, was informed that the Cantonese-speaking, bar-tailed). .
13, 27 October 2003 in the afternoon, I just submitted a written material in Guangzhou City National Audit Office report centre back home. In my many years of junior high school students visits, claiming to be the family suddenly returned overseas Chinese, traveller's cheques cannot be cashed and cannot be accommodated in hotels, hoping to stay in my home (at the end of October 2003 to the end of November and from) and expressed its willingness to give my business (piracy) profits equally, but due to my music without success, "which has such a big frog as".
Question: Why, I just had to submit written reports Guangzhou Centre for Huang Wanwen Tax Inspectorate (Wang Yuan Man), Miss, I have not seen for middle school students to lure me on the sale of pirated optical discs? . .
14, 5 November 2003, I will report material to Guangzhou Municipal taxpayer Service Center, Ms. receiver??s why xiaomin, has been referred to the Guangzhou office rent check.
November 19, 2003, I will be reporting materials to the local taxation bureau of Guangdong Province taxpayer service center, receipt artificial Chen Hongxuan and Miss Lin Fenxiang. .
20 November 2003, I will report the material to the Guangdong Provincial Public Security Bureau office visits, by transmitting them to the Corps for investigation.
November 26, 2003, I will be reporting materials to the Guangdong Provincial Centre for Tax Inspectorate report, Mr. Ronaldinho sign for people (when calling from a guard that). .
15. March 2004, I call the IRS reporting centre, Guangzhou City, Guangdong Province, Huang Miss Helen (Wang Yuan Wen) power, Miss: temporarily not find any problem, temporarily closed and inadvertently disclosed its only auditing practices not chadan (known as the relevant documents of the company is a commercial secret) asked me once again submitting written materials.
16, when the Guangzhou Local Tax Inspection Board for the National Tax Inspectorate answer is no investigation results, it can not investigate the case. .
17. March 2004, a man (Cantonese, unknown) professing is Guangzhou Police Bureau call himself: "where the amount involved in tax cases need to reach 30 million Yuan, is handed over to the courts and their treatment by the Inland Revenue Department. ”。.
Question: "Yang Bo incident" involving more than the standard tax, is it pretending to Guangzhou Municipal Public Security Bureau who would dare to reply to my error. .
18, 2004 17 April afternoon, Guangzhou digital co., Ltd. held the General Assembly, in its summary report also recognizes the "Yang Bo's events".
19,2004 on the afternoon of September 23, I personally went to the National Tax Inspectorate cases Guangzhou Branch inquiry, received artificial Zhang Guo-Ling (Ling Zhang States) President (when calling from a guard that) it once again asked me to submit all relevant written materials and shut up "Yang Bo incident." .
20. December 2004, I call the Guangzhou City National Audit Office report Centre query "Yang Bo's incident," Mr. Miranda-Ling (chapter State spirit) said that the case has been referred to the Audit Board for the Eastern District of the IRS. I call the Guangzhou Eastern IRS Audit Bureau, responsible for power (Cantonese, unknown) answer is: no problem, and that Guangzhou digital co., Ltd. on the sale of goods account reserves and bad debt reserve all in after-tax impairment, and requires the submission of all relevant I written material. According to my knowledge, the key points in the month of June 2001 and following the implementation of the new accounting system will be allowed, but I submitted is "98 Lenovo Group errands to the financial rules for the implementation of the business units."
On 29 March 21,2005 15:15 PM I personally National Tax Inspectorate reported in Guangdong Province, Guangzhou Digital Co., Ltd. from 1990 to 2003 suspected of tax evasion and other questions and inquiries, "Yang Bo incident" was reported across the center meeting room is in a meeting, Wang Kechang also present, said: "Before 2000 the corporate income tax is levied Tax Inspection Board, since 2000 the corporate income tax is levied Tax Inspectorate," Mr. Ronaldinho corporate income tax Tax Inspection Bureau of Guangdong Province grounds of rejection to report materials collected. .
According to Klein's statement and Mr. 29 August 2001 Guangzhou Guangdong Gongtong [2001], no.: 214.
Guangzhou Local Taxation Bureau enterprise income tax should be income of the treasury income tax rate of about 3 million * 25% = 750,000 yuan. .
Guangzhou City intermediate people's Court to a fine of approximately 75 million * 5 times = 375 million.
I can receive money is 75 million * 5-10% = 4 to 80,000 yuan. .
Question: why does the IRS Audit Bureau, Guangdong Province, Ronaldinho and Guangzhou local taxation Bureau, Mr. argument to monitor room reply inconsistent?.
22,2005 on the morning of April 15 received the Secretary of Guangdong Province on land tax, report in person to Digital China Ltd. from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) and the query "Yang Bo events "Inspectorate reports received after the requested material, I re-wrote complaint letters, the contents can not be involved in the National Tax Inspectorate, Guangzhou, because of its right to deal with. The "Yang Bo incident" Guangdong Provincial Public Security Bureau crack arrest, and did not say where the tax? I already had a hand in accordance with their requirements to report a simple letter to the Tax Inspectorate is responsible for reception staff. .
23, 21 April 2005, I come to the Office of letters and calls the Guangdong Provincial Public Security Department to report the Guangzhou digital co., Ltd. from 1990 to 2003 period were arrested for tax evasion and avoidance, and search for "Yang Bo's event" receptionist said tax cases to be transferred to tax inspection Bureau, and the "Yang Bo's events" you will need to provide a witness and I computed on the basis of bonuses.
In the end of April 24,2005, "51" on the eve of a President (Cantonese-speaking, unknown) claims to the Eastern District of Guangzhou City, the National Tax Inspectorate call me, check Digital China Limited Tax Issues, inadvertently say I have not received submitted to the National Tax Inspectorate Huang Wanwen Guangzhou (Wang Yuan Man) Miss the set of documents (stamped with official seal) copy, I also mentioned to him, "Yang Bo incident." .
25, 2005 19 may, in accordance with its requirements I again wrote a letter and fax it to the reporting of Guangdong local tax Bureau, Mr. has confirmed receipt of wonderful.
26,2005 on May 31, I will report complaints lodged with the IRS to monitor the room Dong Chen, Guangdong Province (the winter winds, winter) President, which not only required to solve money problems, also reported in Guangzhou and Digital China Digital China Limited Technology Limited from 1990 to 2003 suspected of tax evasion and other issues. .
27, CHAN Tung (Dongfeng East) in reply to Mr. were transmitted to the State Tax Inspection Bureau of Guangdong Province Wang Chief and Ms. Liao..
In accordance with the State Administration of Taxation, "to monitor the temporary tax provisions." .
Article 31 of the Tax Inspectorate investigated cases placing within six months after completion, have a specific reason to extend the period of investigation, but no later than one year. Superior tax watchdog action cases, cannot be settled, it shall justify the action body.
28,2005 on August 25, the Guangdong Provincial Public Security Bureau "big letters" reception day, personally to inquiries, "Yang Bo incident", fill in a form, after filing reply: Guangzhou Municipal Public Security Bureau has been referred to the process. .
29, 30 September 2005, I call the Guangzhou City National Audit Office report Centre, Ms. power reply: 15 April 2003, to May 7, Guangzhou digital co., Ltd "Yang Bo's event" has faithfully declare tax, but not receive bonuses, insists no problem.
Question: Now that tax, why I also requested a report summing up the issue again after the material put in? . .
30, 4 November 2005, I call the IRS audit in Guangzhou City Center, Ms. power reply: "Yang Bo's event," the amount of money involved with tax fines are not collected by the IRS to let myself voluntarily to court judgements and fines. query.
In January 31,2006, I call the Guangzhou Public Security Bureau dedicated mail inquiries, the answers: the case directly to the transfer of the court by the IRS, and not transferred to public security. .
32, 22 February 2006, I call the Guangzhou City National Audit Office report Centre, Ms. power reply: Guangzhou digital co., Ltd has the "qualitative" Yang Bo's event, does not involve taxation matters, the Court may in any case received a fine. Question: why is it inconsistent?.
In accordance with the Guangzhou City Center Tax Inspectorate reports say Miss Lei and August 29, 2001, "Guangzhou Daily" Cantonese Kung Tong [2001] 214 Man:. .
Yang Bo's that do not have surrendered, "Yang Bo's incident" is, indeed, received my reports is identified, even if the "Yang Bo's event" is defined as cases of corruption, but its illegal income did not truthfully be subject to personal income tax, in accordance with this point in the future to bribes.
Guangzhou Local Taxation Bureau treasury income personal income tax should be about 300 million * 2003 personal income tax rate = 1,091,265 yuan. .
Guangzhou City intermediate people's Court to a fine of approximately $ * 5 x 1091265 = $ 5456325.
I can receive money is 1,091,265 yuan * 5-10% = 50,000 to 100,000 yuan. .
33, 22 February 2006, a man (Cantonese, unknown) professing the Guangdong Provincial Public Security Bureau, let me go to the Office of letters and calls for "Yang Bo's event" bonus.
Question: What is the fool who dared to impersonate me Guangdong Public Security Bureau. .
34, 24 February 2006, I arrived at the Guangdong Provincial Public Security Bureau Office would petition does, reception staff reply: "the public just guide handling and not direct detection shots" and called himself directly find Guangzhou bureaus to solve the problem.
In April 35,2006, I again call the hotline in Guangzhou Public Security Bureau-mail inquiries, respond: "Yang Bo incident" is the National Tax Inspectorate Guangzhou audit found problems dealing with the transfer to the Economic Investigation Detachment, the Public Security Bureau crack, the IRS taxes the last answer is not the case managers who, let me obtain money to the IRS. .
36, 29 April 2006, I personally to Guangzhou City Public Security Bureau Office of query letters and calls the "incident" Yang Bo 's, reception staff requirements I direct economic investigation team to solve the problem. I then call the investigation team, including those operated by men (Cantonese, unknown) expressed himself is not a primary, did not know about it.
In June 37,2006, I call the Guangdong Provincial Centre for Tax Inspectorate report query, Wang Kechang reply: "Yang Bo incident" involving stolen money was recovered containing the tax is not collected by the IRS. Question: Why the Public Security Bureau's response and inconsistent responses Tax Inspectorate do? . .
38, July 2006, I again call the Guangzhou City Bureau, p.o. box line queries which adhere to the "Yang Bo's event" is Guangzhou City National Audit Bureau auditing issues found when transferred to the investigation team, public security detection, IRS tax collection, and it kept me from March 2003 to report material so far.
39,2006 on July 14, Guangzhou Municipal Public Security Bureau in person to the Office of query letters, "Yang Bo incident" and demanded in writing that its out, the receptionist said, "the Secretary-mail" is a background operation, the front desk computer can not find the records . .
40, 9 October 2006, in Guangdong local tax Bureau directly put again on the website of the complaint letter, reported receiving numbers 200610090001 complaint numbers 200610090002.
On October 41,2006, the Guangzhou Local Tax Inspection Board 12366 answer is the case has been transferred to the National Tax Inspectorate process, because it requires the National Tax Inspectorate recognized income before income tax charge. .
42, 29 June 2007, in Guangdong Province, the IRS Web site once again direct inject complaint letter, reported receiving number JB200706290002 and JB200706290003.
43,2007 on June 29, I in Guangdong Local Taxation Bureau Web site to report once again put in a complaint letter directly. .
Reported receiving numbers 200706290001 complaint numbers 200706290002 Advisory problem query number 1124057.
44,2007 on July 3, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint. .
Consultation question admissible number ZX200707030024 password: 601593 recommendations accepted number JY200707030001 query.
45,2007 on July 3, I in Guangzhou put the IRS Web site to report a complaint letter directly. .
Tax report accepted number S200707030001 has now been in Guangzhou City National Audit Bureau in-house staff to delete.
Independent Report No. L200707030002 received complaints received and the number is 200 707 030 003 200 707 030 004 and 200 707 030 005. .
46, 31 July 2007, Guangzhou local taxation Bureau monitoring room? ?? ' ? ? Guangzhou digital co., Ltd is a wholly foreign-owned enterprise, the enterprise income tax is levied under the internal revenue service.
Guangzhou Treasury Internal Revenue Service income tax revenue should be about 300 million * Income tax rate of 25% = 750,000 yuan. .
Guangzhou City intermediate people's Court to a fine of approximately 75 million * 5 times = 375 million.
I can receive money is 75 million * 5-10% = 4 to 80,000 yuan. .
Question: why does Guangzhou local taxation Bureau were inconsistent and why its monitoring, response and State Tax Inspection Bureau, Guangdong Province, Ronaldinho, different?.
47,2007 on August 29, I personally went to the National Tax Inspection Bureau of Guangdong Province Wang Kechang time to listen to investigation reports. .
(1) Guangzhou City National Audit Bureau confirmed in May 2003, 19, received my letter of complaint. Question: this is my memory date and send the wrong number.
(2) Guangzhou City Tax Inspectorate confirmed that the October 27, 2003 submitted I received a "98 operating units of Lenovo Group, the Financial Regulations, other ports," but did not mention the set of documents (stamped with official seal) copy of . .
Question: namely, Guangzhou City National Audit Bureau Yuen Wong (Wang Yuan Wen) that set of documents received by Miss (affixed with the seal) will neither pass to Eastern State Tax Inspection Bureau nor the report of the IRS Audit Bureau, Guangdong Province, why does that set of documents (affixed with the seal) copies disappear?.
(3) in December 2000, the National Tax Inspectorate received Guangzhou Public Security Bureau of Guangzhou City, Guangzhou Economic Investigation Detachment on Digital Co., Ltd. to accept the case of Circular for Assistance issuing false VAT invoices, investigate and deal with Digital China Ltd. Guangzhou tax evasion law case, punishment was carried out. .
Question: why is Mr. Blair still go unpunished? (then the law is the responsibility of the leaders of the unit).
(4) in May 2003, the Guangzhou Public Security Bureau of Guangzhou Economic Investigation Detachment solve the case dealt with a Digital China Limited "Yang Bo incident" involving stolen money was recovered containing the form of taxes to be turned over to the financial security to Forfeiture storage, as police are back stolen goods and then pay up by the Guangzhou Shenzhou Digital Co., Ltd. Corporate Income Tax, National Tax Inspectorate right to interfere. Question: Why do I also sent a letter to the Public Security Bureau and the Inland Revenue Department report, the Public Security Bureau crack arrest can receive a fine, and the Commissioner are not taxes? . .
Guangzhou City National Audit Bureau has done in-house staff, who would believe that it will not participate in the loot?.
(5) National Tax Inspectorate checks Guangzhou Guangzhou Digital Co., Ltd. from 2000 to 2004 the accounts and found no corporate income tax issues. .
Question: why does Guangzhou City National Audit Bureau of investigation results and the evidence provided by me (2003 digital system integration sales manual) inconsistent?.
(6) The Digital China Technology Limited is not provided me the clues, the fact that the number of taxes collected. .
Myth: even if a "deductions", Yang Bo's event in Guangzhou City National Audit Bureau is there really no taxes? as 2007 Digital Xinlong refusing to report statistical information on the case of science behind the truth.
48,2007 on September 17, a man (speaking in Mandarin, unknown) claims to Guangdong Provincial Procuratorate, I can call at any time to receive notice, "Yang Bo incident" bonus. September 26, 2007, I arrived Procuratorate of Guangdong Province and Guangzhou City Procuratorate reporting center to report center is not the case, the receptionist said was posing as procurator fraud, I am a liar friends met. .
48, September 22, 2008, the Guangdong provincial State Taxation Bureau monitoring room call my comrade Wang, said it went to the PUC's supervision, Guangzhou City National Audit Bureau replied that in 2007, the 3 July have previously handled digital Xinlong technology co., Ltd. While I was argued, dated 31 May 2005 letter of complaint on digital technology co., Ltd., and its new requirements I directed to Guangzhou City National Audit Bureau resolve the problem.
49,2008 on September 23, I personally go to China Road, Zhujiang New City, Guangzhou City, 3 National Tax Inspectorate search query, Miss Lei, and another lady (speaking in Mandarin, unknown, shawl long hair) I am in the lobby reception. Miss who cape and long hair (speaking in Mandarin, unknown) was holding my ID card into the office, do not know how many copies of copies. .
(1) confirm that in 2003, Huang Miss Helen (Wang Yuan Wen) collect my reporting materials.
(2) to confirm online reports received my letter did not specify the time. .
(3) Guangzhou City National Audit Bureau examined the "digital" in Guangzhou company accounts, there is no charge to Guangzhou digital co., Ltd. and the digital Xinlong technology co., Ltd., but made no mention of the "Association" in the company's inspection.
Question: Why National Tax Inspectorate, Guangzhou, my answer to the IRS to monitor the room with the Guangdong inconsistent responses it? . .
50, I now suspect that "digital" arrested for bribery, Guangzhou City National Audit Bureau alleged corruption corrupt, delete after malfeasance in reports and disclosure and retention of materials from a report, and then take means to deal with me (not my clues does not give the ground laizhang bonuses) or use my ID card copy deduction eat my bonus, the "digital" is the culprit, in order to escape justice and revenge himself and forced me to engage in low-paying jobs.
51, I hereby request and Guangzhou City, Guangdong Province, according to the National Tax Inspectorate issued a document to the standard replacement prize. .
52, I hereby request the Guangdong Province and Guangzhou tax audit Bureau in accordance with the standards issued retroactively bonuses..
53, I hereby request Guangdong Public Security Bureau and Guangzhou Municipal Public Security Bureau issued a document in accordance with standard replacement "Yang Bo incident" bonus. .
For more information please read and InfoNet http://mryuanruhui. .blog. .hexun. .com/blog http://yuanruhui. .blog. .hexun. .com/.
Tax law.
In accordance with the "Criminal Law", "tax" provisions, corporate theft, tax evasion huge amount of money transferred by the tax and public prosecutor, for investigation, held on behalf of corporate criminal liability. I only care about money, other things not come out. According to the State Administration of Taxation, "Tax incentives to report illegal cases of" notice. .
Second, the tax authorities on the reporting of tax evasion, tax evasion, tax fraud and recovered, counterfeiting, illegal, unlawful acquisition of invoices, as well as other tax violations of active units and individuals (hereinafter referred to as informants), grant awards and spiritual rewards, and strictly to its confidentiality. The preceding paragraph shall not apply to material incentives, tax, financial, audit, customs, business administration, public security, procuratorial and other staff of the State organs.
Article V, the tax law to report cases of verified and processed according to the law, according to the contribution of an informer, according to the actual amount of tax recovered within five per cent of total control bonuses; not payable, the actual amount of recovered fine 10% bonus within the master account, the maximum amount of money per case, not more than 100,000 yuan. .
To make a substantial contribution to the informer, the provincial taxation authorities approved bonus limit can be increased as appropriate. Specific bonus amount standard and permission from the provinces, autonomous regions and municipalities directly under the Central Government and provincial-level governments determine.
Article VI, the same tax violations were reported by multiple informants, the main incentive the first informer. Reporting in order to handle the case or the tax authorities of tax law violation cases in their respective Reporting Center (hereinafter referred to as Report Center) received a report based on the time of registration. However, other informants provided the situation on the identification of the case does have a direct effect, and can appropriate awards. .
Article 7, on two or more informants reported the same tax jointly the violation, according to reports, the first named person or first signed by a delegate to receive other signatures.
Article IX, informants reported receiving center should be within three months after notification to accept the award, holding my ID card or other valid documents to the designated place to receive money; those who do not receive, as a waiver. .
People the bully, the ride.
People are always selling you the most trusted around the so-called closest one of us So don't believe anyone, Only trust yourself and money that he (she) who would use my fishing but regardless of the benefits to me after. Hereby declare that: never received the replacement of a department did not receive bonuses or "Legend" and "Digital China" in the compensation section. .
Tax inspection Council some corrupt deduction eat my bonuses after the course I want to engage in low-paying jobs, given, you must first make up for previous losses after work. . If Hong Kong has long been under the witness protection legislation can be done. If you lose money or replacement of prize after it first hit home telephone and then explained what he called the name, it would not be admitted if the door asking for trouble. .
Discover now, no matter which sector inquiry, the departments will phone rings, Guangdong Province, the IRS Audit Bureau alleged bribes to conceal malfeasance fraud after the "legend" and "digital" tax evasion and tax fraud. Its possible to stop I receive bonuses in order to cover up the "legend" and "digital" and forcing me to engage in low-paying jobs in order to allow those illegal traders to be able to free or low cost to himself in the hands of the catering industry financial management information. . Both would like to invite people who are expected to take material to use and can not think of money, how can something so cheap, Chubu Qi prices do not please people, why should collusion, persecution of the civilian population, even a hermit do not care for idlers also refused to let go of it. Or paid their dues, hand delivery, all fair trade with me, or I even if the financial management of the catering industry who burned all the information, and will not lower those mean bosses have money No money No talk my wife! . .
For more information please read the blog network blog China http://yuanruhui. .vip. .bokee. .com blog commune http://yuanruhui. .bokee. .com/.10 .10.2009., 17: 34 author: yuanruhui references: 0 | collections | comments: 0 Lenovo digital personal income tax.
Category: Media. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Reduction of God Codes Legend cash 900 million Hong Kong dollars, Guo Wei, president of Digital China Holdings president Liu thinks highly popular Legend. .
2007-08-10, Oriental morning post information for journalists: Shu-ling interns: van blooming photography: ZMF flat.
Digital China (0861.HK) Legend Holdings to sell its majority shareholder holds more than part of Digital stock to the fund, and this cash 908 700 000 Hong Kong dollars. Guo Wei, president of Digital China for its wholly-owned foreign companies take over the 10.19% shares of KIL, Guo Wei added to the original shares held, according to yesterday's closing price of Digital China, Guo Wei net worth has reached 352 million Hong Kong dollars. .
I. shezi 13.18 billion.
Hong Kong Stock Exchange announcement disclosed to the game's rich Softbank Investment Fund (SAIFPART-NERS) led by the investment fund SAIF, Hony Capital (HONYCAPTIAL), IDGVC composed of three investment body, the Joint another offshore company KIL, will Legend Holdings and the Fund were to buy shareholder General Atlantic Partners (hereinafter referred to as "GA") in the original holdings in Digital partial and full equity.。 Currently, this shezi 13.18 billion transactions are reported to the approval of relevant departments of the Government of China.
Second, Legend Holdings is also a major shareholder of Lenovo Group. .
Sai Fu investment fund, Hony, IDGVC, KIL four companies were purchased digital rights 42.94 per cent and will introduce a full acquisition. GA and Lenovo holding the original respectively shenma 13.34% and 47.43% shares, upon completion of this transaction, Lenovo holdings still holds digital 17.83 per share, plus this joint purchaser together hold Lenovo holdings 60.87%. This transaction price per share of $ 3.50, discount 2.8%. And the GA will no longer be shenma shareholders.
Including Hony Capital is a subsidiary of Legend Holdings, KIL Guo Wei, the company is wholly owned by an overseas company. Liu selected as the successor to the same, compared to Lenovo Group Chairman Yang annual salary of more than 20 million yuan, Guo Wei, president of Digital China looked very shabby compared to the annual salary. But this time his company acquired by Guo Wei, Digital China stake, Guo Wei actually shows real situation "substantial." .
III. improvement of corporate governance.
Lenovo Holdings president Liu said that since the 2000 split Lenovo, Digital China inception, Digital China has now developed into a leading IT products distributor and IT integration services. The changes in ownership, is the Digital China and Legend Holdings considering based on the company's initiative to organize long-term development, but also by the investment fund SAIF, Hony Capital, IDGVC markets, many institutional investors a positive response. .
Digital press spokesman, BOAI yesterday told reporters that Lenovo holdings and GA to sell shares to facilitate company averaging to improve corporate governance institutions. "New Fund both internationalization has localized operational experience on the digital future. "Li Yan, digital China is due to the introduction of new shareholders and adjust the company's development strategy of the programme, or in accordance with the original idea of operation in" today is the company's stock, investors in the introduction of the new shareholders is recognized. "Digital stock zuoshou reported 3.90 up 8.33 per cent.
Guo Wei, president and CEO of Digital China, said Digital inception, asset size and average revenue growth rate over 20% ,2006-2007 fiscal year, revenue reached 25.418 billion dollar scale, the domestic IT products distribution of living area highlight the leading position. .
IV. the "delisting" to make every effort to ensure that no. ..
Lenovo has just heard plans to acquire European computer makers PackardBell, Lenovo Group, the major shareholder of Lenovo Digital China Holdings on the choice of selling the stock, fund-raising to help people with major shareholders the impression of Lenovo's acquisition. .
However, haitong securities analysts said yesterday that Mei-fen not established. "This money is not enough for acquisitions and takeovers also do not have to sell shares to raise, there are other ways. "Mei-fen, dispersed ownership, improving corporate governance structure is acceptable. Mei-fen also said that because of the distribution business profit, industry may not have a very good future, Lenovo holdings may withdraw from the other aspects of the investment.
As the purchase of shares touched a high proportion of full acquisition, according to the relevant provisions of the Stock Exchange, if the final joint and concerted action of people who buy stake in more than 75% of Digital China have the potential delisting. In response, Digital China, said Li Yan, the company and other shareholders will do our best to ensure that the company will not withdraw from the market, the real possibility of delisting is small. .
Digital equity in the new schema.
Shareholder. .
20.15 per race rich investment fund SIBL.
8.82% Yih-owned CTL. .
3.78 FEML of IDG.
0.10% Guo Wei. .
10.19 per cent owned by Kuo KIL.
17.83% Legend Holdings LH. .
0.24 per cent of the directors.
38.89% public shareholders. .
For more information please read Baidu space http://hi. .baidu. .com/yuanruhui blog http://hi. .baidu. .com/mryuanruhui.
2007-08-10, business news authors edit: Hu Ching.
Yesterday, the Hong Kong Stock Exchange Announcement, Digital China (0861.HK) parent company of Legend Holdings and the U.S. Pan-Atlantic Investment Group (the "GA") part and all holdings of shares to SAIF Digital China Investment Fund, Hony Capital , IDG VC and the CEO and president of Digital China Guo Wei, a wholly-owned foreign investment company controlled by KIL. .
Stock transfer is completed, the strategic investors all GA will exit the digital, Lenovo holdings from 47.43 per cent stake to 17.83% stake. And to match the rich investment fund, Hony, IDG VC will hold a digital 60.87 per cent of the shares, Kuo indirect holding through KIL 9.28 per share.
Lenovo Holdings respect that, Lenovo Digital China Holdings in the original units at the larger proportion of total shares, sell the stake to new investors, the stake in Digital China can make more social, more balanced, to enhance the company's market-based governance. .
Yesterday, the game rich investment fund Yen Yen, principal partner, said on the matter. But Kuo has been forwarded to the mobile phone. "
Recently, Lenovo chairman Liu holding an interview, when talking about the issue, said Digital China, Legend Holdings to do everything the starting point is to satisfy the best interests of shareholders. Shi Zi Xun Qu Xiaodong, general manager of account that, due to the current development in the field of Legend Holdings and investment has diversified, the traditional IT business has not had possession of that important position, transfer a part of Digital China, Legend Holdings to shareholders equity 可以 bring a more the interests of big returns. "Through this equity Tiaozheng, Digital China will Gengjia scattered Guquan, Er Yi Guo Wei will also be represented by the management board in Huodegengtai Zai's words Quan, these Bian Hua Di Wan Shan will Keyi better company Zhilijiegou.。.
In addition, Analysys International, Vice President Zhang Ying that SAIF IDG VC investment funds and two venture capital funds to join, Digital China will accelerate transformation and the pace of new business to try. .
In 2001, the digital divide with Lenovo Group, the realization of the single market. At that time, Yang yuanqing led Lenovo Lenovo Group has been the most important PC business, digital China received distribution, systems integration and IT services business. In recent years, digital distribution business and IT services are facing unprecedented challenges, but in the face of new distribution situation and Internet business challenges, the equity structure of the original, digital China has become increasingly difficult.
Zhang Ying said that Digital China has brought the industry to consider changes in the Internet, to customers, and more for a better effort, but the problem they face is that in traditional distribution, the only channel to see, but not the end users. "Digital distribution of the traditional step by step system in direct supply manufacturers, such as flat channel under the pressure of being more and more challenges, prompting a strategic adjustment of Digital China." He believes that the new strategic shareholder, are Internet and other fields in the leading-edge international VC, able to bring a new strategy Digital resources, including the mode of operation, transnational experiences, can help transform new business of Digital China. .
For more information please read the original Chinese blog network http://mryuanruhui. .blogcn. There are Bo .com/net http://yuanruhui. .blogcn. .com/.
2007-08-18, Huaxia Times reporter Luo Wei Beijing small.
Digital China on August 8 change in the shareholding vibration in the industry. .
Lenovo holdings of stock digital co., a subsidiary of Lenovo, Lenovo Hong-Yi has surfaced, the digital first shareholder.
The retreat into the background of a person are Liu, president of Legend Holdings, and his real intention is ... .... .
First, the Lenovo holdings or boss.
August 8, Legend Holdings Limited ("Legend Holdings") and another fund shareholder General Atlantic Partner (hereinafter referred to as "GA") were held to their part of Digital China, as well as all the shares sold to the Game Rich Investment Fund (SAIF PARTNERS) led the other three fund companies (the other two Legend Hony Capital is wholly owned by CTL and IDG VC) and CEO of Digital China Guo Wei, a wholly-owned foreign companies KIL. .
Changes in ownership, the Lenovo holdings in digital equity 47.43 per cent stake to 17.83%, GA cleared 13.34% held by digital equity. Digital new ownership structure: safety investment fund 20.15 percent; Lenovo holdings 17.83 percent; Kuo and its wholly owned KIL total 10.29 per cent; Hong-Yi, a wholly-owned by CTL 8.82 percent; IDG VC 3.78 percent; public shareholders 38.89 percent, associated Director 0.24 percent.
Analysts pointed out that Hong Yi is a subsidiary of Legend Holdings, the change in the shareholding of Digital China, Hong-yi of the CTL wholly accounted for 8.82%, plus the current 17.83% of Legend Holdings holds 26.65% shares of total , is still relatively large shareholder. .
Second, Hong-Yi is a stone.
"Hong Yi one hand, a majority shareholder position can help to have a relatively large shareholders controlling association's position, on the other hand, in M & help Digital China." Industry experts have speculated said. In short, Hong Yi Liu intervention should be planted in Digital China's "one piece." .
"Hony capital, there are many fund companies, Lenovo holdings invested money is only one part of it, their decisions are made as needed. "Lenovo holdings PR Wailianbu GUI Lin on the Huaxia Times reporter says.
Analysts believe that by Legend Holdings in Hong-yi 3 the weight of financing and White Digital particularity, can not deny the strategic plan has nothing to do with Liu, and even the results of its operations itself. .
Hony Executive Assistant Xu Min Sheng abroad, this time into the PE (Private Equity, the private equity investment) are internationally very influential, to digital in IT services development brings new resources, including partner resources or help digital to other companies for mergers and acquisitions.
3, Liu's true intentions. .
Lianxiangkongguyouxiangongsi Chuanzhi said the changes in ownership, a digital and Lenovo holdings based on the company's long-term development of initiative.
"First, the original Legend Holdings shares in Digital China accounted for a larger proportion of the new investors to sell part of stake in Digital China stake can be more social, more balanced, improve the company's market-oriented governance." Gui Lin the "China Times" reporter to explain the reasons for reduction of Legend Holdings, said, "Second, SAIF Investment Fund and the group of new investors come in both the international background also have a deep local experience, will certainly bring new resources Digital and create new value. ". .
We all know, digital and Lenovo in Lenovo holdings 5 subsidiaries (the other three for legend capital, integrating science consulting, Hony) proud, Liu Kuo Yang on and also exist in parent-child of love. These two subsidiaries of the same status, Lenovo holdings ratio before almost all is 40.
"Is holding in Digital China's position in the association changed? Liu Digital China ready to give up, but if Lenovo Yih give up why letting go in?", "China Times" reporter interviewed a number of industry experts, there are several speculate, however, did not accurate to say that word, "Liu Zong's mind is difficult to guess, do not understand what the old willow? do not know why make traditional industries located in the M & Hony Capital unusual access to Digital?." .
IV..
Hony Capital Private road map. .
Data show that Hony starting in January 2003, the original is Lenovo holdings after the investment Division, developed into a Lenovo holdings under one of five subsidiary companies.
Currently manages more than 5.5 billion yuan of funds, has invested more than 3.2 billion yuan was invested enterprises had total assets of 14.3 billion, was invested enterprises in 2006 the overall sales of 100 billion yuan, total profit and tax of close to 1.3 billion. Based on traditional industries, state-owned M & A is considered Hony Capital and the biggest difference between the other PE. .
Investment from Hong-Yi investment road map is not difficult to see that the IT industry has not experienced before, positioning in the traditional industries are characteristic of their investment and location, but this time the company investment brothers enterprise digital obviously very unnatural.
Digital China for Hong Yi purpose of this intervention, "China Times" reporter tried to contact the company's president and spokesman John Zhao Huan, but its media executives Miss Jia said: "Sam recently in the United States on business, too some time to come back . ". .
For more information please read the blog network blog China http://yuanruhui. .vip. .bokee. .com blog commune http://yuanruhui. .bokee. .com/.
Source: financial magazine 2007-10-30 author: Edit: caoqiaobo Huafeng HO. ..
Description: Chinese IT industry so far, the largest management buyout to be completed. Since the acquisition of the shares more than 10%, in accordance with the provisions of the Hong Kong Stock Exchange, has triggered a full tender offer. Full tender offer is subject to complete two to three weeks, when the transaction has truly ended. .
China's IT industry so far, the largest management buyout (MBO) has passed the examination and approval of the State, is nearing completion. 29 October, this transaction key participants race rich investment fund Yen Yen, principal partner of the "financial" news confirms that the SASAC approved digital Holdings Limited (SEHK code 0861 hereinafter referred to as digital) management buyouts.
This year in August, holding 47.43% stake in Digital China is the largest shareholder of Lenovo Holdings will sell 29.6% equity investment fund SAIF, Hony Capital and IDG three funds, the other shareholders of Digital China will be 13 GA .34% stake sale to Digital China Guo Wei, president and SAIF Investment Fund. Digital China has announced on October 25, said changes in the company's stock trading has been approved by Chinese government. .
After the completion of the transaction safety investment fund will become digital China's largest shareholder, holding 20.15%; Lenovo holdings still holds digital 17.83% stake, has become the second largest shareholder. Digital China President and CEO Kuo, through its wholly-owned company, KIL indirect holding digital 10.29%, increased by the professional manager for the company's third-largest shareholders.
As the Chinese Academy of holding a major stake in Lenovo, the Lenovo Digital China Holdings sell equity transactions required to obtain approval of the SASAC. .
For overseas companies executives incentive, SASAC trial in March 2006, the State-owned holding company (Overseas) to implement the incentive scheme. Which provides that the amount of grant, the grant shall not exceed the total amount accumulated capital of 10 per cent of the total, the number of individuals should be granted for the first time in the share capital of 1 percent of the total.
However, Yan Yan, said Digital China deal does not apply to the SAC the above requirements, because the provisions of the SAC system for the management of equity incentive, and Digital China is the management of the direct use of cash to buy shares in the open market. "As long as the price fair, anyone can buy." Yan Yan said. .
This transaction, safety, and so the three funds and Kuo offer is a price per share, representing a company 3.5 suspension front per share $ 3.6 2.78% discount, for a total of HK $ shezi 13.18.
Since the acquisition of the shares more than 10%, in accordance with the provisions of the Hong Kong Stock Exchange, has triggered a full tender offer. Yan Yan said the full tender offer need 2-3 weeks to complete, will be considered the real end of the transaction. .
Digital one person, digital China in Lenovo holding subordinates the embarrassment of subsidiaries, this position will be straightened out and MBO shareholder equity. The sources said, digital China engaged in software and services industry in the domestic leading position, but the largest shareholder did not give sufficient emphasis on digital strategies have also been shaken, resulting in a digital strategy for promoting fast enough, the rapid progress in the competition, digital China in a passive state.
Yan Yan said that the participation of investment funds SAIF Digital China MBO, one optimistic about the software services industry, the second is the belief that Digital transformation of ownership structure through the MBO, from a state-owned enterprises into an "outright" and listed companies would be better to create value. .
Please read the Chinese net http://yuanruhui. .blog. .com .cn .china... expert blog http://blog. .china. .com .cn/sp1/yuanruhui/.
Author: Hou Ji-Yung source: 21st century economic report.
Calculate the number of elderly Chinese Academy of Sciences still remember 20 years ago this scene: from the calculation of the second floor of the office looked out, often see 20 to individuals, the host computer to move from outside the gate to the courtyard, people Pull shoulder, mighty, led by two people, sweating, one Liu, another man named Li Qin. .
Since then, the old legend (split before Lenovo) employees, the critic is the core, Li Qin is referred to as "the old legend." It is precisely because Li Qin in a very unique position in the old Association, in 2000, the old legend is split into Lenovo Group and digital China, LIU Chuanzhi, Lenovo Group Chairman, Li Qin is digital (HK: 0861) Chairman of the Board of Directors.
Digital China to operate independently in these seven years, Li Qin has represented major shareholders holding the helm of Lenovo Digital China. With the Digital Evolution of equity, the "old think" finally to the curtain call when. .
December 20, 2007, digital announcement said Li Qin age reasons has resigned from the digital Executive Director, at the same time Chairman of the Board ceases to digital.
"This indicates that Digital China has ended the old era, new era has begun." In a Digital insider view, both symbolic significance of the departure of Li Qin and immediate significance, "mark a new era of Digital China about to begin a series of operations. " .
A major reshuffle, the Board of Directors.
According to December 20, 2007 notice issued by Digital China, in addition to Li Qin, the former director of ICT has not served as executive director of the DPRK-mao, China is no longer well-being mobilized because of his years as an executive director, William O. Grabe resigned as a non-executive director. In the four directors who left the same time, Xu-Dong Tang, Hong-Yu, Chen Zhiyong, Yan Yan, etc. become the new director of Digital China, Digital China will serve as company president and CEO, Chairman of the Board. .
Digital China this is obviously a major reshuffle of the Board of Directors the direct embodiment of the changes in ownership.
August 2007, Digital China announced on Hong Kong Stock Exchange by SAIF Investment Fund, Hony Capital (from Legend Holdings), IDG VC 3 acquirer, the Joint another offshore company KIL (Guo Wei, president of Digital China are wholly owned) , respectively, Legend Holdings and the Fund to purchase the original shareholders of GA held in Digital China in 29.60% and 13.34% shares. .
Lenovo shares held directly or indirectly a total of original digital 47.43% shares, sell shares drop after 17.83 per cent, is the second largest shareholder. Sai Fu investment funds to become digital China's largest shareholder, holding 20.15 per cent. Digital China CEO Kuo, through its wholly-owned company, KIL indirect holding digital 10.29 per share, for the third largest shareholder of the company.
Li Qin in the development process of the old association of the three major events have played a key role. This relationship between three major fate of the old associations were Ni Liu (Liu and Ni Guangnan) dispute, North-South integration (into the Hong Kong Beijing Lenovo Lenovo), and the association split. .
Willow NI controversy by outsiders summarized as "trade" and the "African tech" on the other, form of expression is one of the two sides in the research project for approval on the right. In 1992, the critic that too many NI Guangnan project, Lenovo power, Li Qin is called for the establishment of total work, establishing approval system. NI Guangnan to resign, LIU Chuanzhi so give up the total work to do.
Since then, the relationship between Ni Guangnan Li Qin and no relaxation. At that time, Ni Guangnan responsible for research and development, Li Qin responsible for the production, marketing and sales. Some research products in the market after the failure experience, the two sides differ on the reasons identified, Ni Guangnan that failure is developing too slowly, to a large investment, Li Qin that the company's management infrastructure and a lack of cause, to cancel a number of R & D projects . .
Dispute lasted until 1999, the Association has chosen the "trade and technology," LIU Chuanzhi also supports Li Qin, NI Guangnan so out of the game.
In the North-South integration process, Liu has been in Hong Kong and Lu Tan Ping "war", Beijing has to support the overall situation on the Li Qin, in order to avoid fire in the backyard. By 2000, when the old Legend spin-off, Digital China, Chairman Li Qin as for Guo Wei escort. .
"Lenovo" Li Qin exit, as well as a new Member of the Board of Directors, marking the formal entry into the digital era Kuo.
Second, God set the tone for IT service code. .
Kuo became Chairman of the Board of Directors of digital marks him from professional managers in the company's largest shareholder. Prior to this, as professional managers, Kuo's mission is to complete the tasks entrusted to its own Board of Directors; and currently serves as Chairman of the Board of Directors and major shareholders, Kuo's task is to clarify the company's future direction for the company's assets, give yourself and the other shareholders higher returns. This will give digital changes including the company's organizational structure changes, changes in business direction and operational changes, etc..
Sources disclosed to reporters, Guo Wei has been selected for the development of Digital China: focus on the development of IT services. Previously, Digital China is to uphold existing within the main business is the development of IT services, distribution has been controversial, and the development of Digital China to change direction several times. .
In 2000, McKinsey in to digital in a report to its pointed out three ways: first, through e-business transformation of retail system, a supply chain management enterprise, into China's insuring international; the second is from channel distribution moves forward as a contract manufacturer Flextronics, examples are; the third is supply chain management, software integration, and network infrastructure equipment sanjian Salvo, finally integrated into IT service, IBM China. Kuo was chosen the third way.
But by 2004, Guo Wei again adjusted corporate strategy, "three-stage rocket": distribution, systems, IT services are as short and long-term focus, short-term to long term laying the foundation. However, in the process of development, Digital has faced short-term gains and long-term direction of the hard choices, and the resulting distribution of business or investment should be focused on the development of IT services to the dispute. .
Informed sources said Yan yan-led safety Fund concerns digital already has in the past two years, he thinks the future China IT services market with prospects, and the digital in the Hong Kong stock market and the market value of the low, if clarified digital development direction, and the corresponding operation, the company's value is still a very big headroom.
IDG VC investment for Digital China comprehensive partnership in the interview with this reporter, said that its investment Digital China is mainly based on the following three points: First, the management team led by Guo Wei; second code in the hands of God have the resources; 3 Digital China is the Chinese and IT services in the layout. Guo Wei and let a major shareholder is the key to the success of this acquisition. .
Capital markets for digital positively change of shareholders. In early 2007, digital stock price is about $ 2 billion, its stock price has risen to historically high 5.7. According to digital on December 23, 2007-annual report published by: as at 30 September 2007 of the digital realization of revenue 166.99 billion, an increase of 40.66%, net profit of approximately 1.47 billion increased 60.89 per cent.
3, Guo Wei's two things. .
These digital internal sources, Kuo become digital, recently the Chairman of the Board of Directors will proceed with the two things: first, the restructuring of digital assets, under the restructuring through split, so that each company independently; the second is to use capital operation means through the company introduced strategic investors or separate listing so that its assets.
In 2006, Digital China for the development of IT services has begun to implement a virtual subsidiary of the four major strategies: the four business unit will integrate the company, adjusted for the four directions: mass distribution, value-added distribution, IT services and private label services, and accordingly changed its name to Digital China Technology Development Corporation, Digital Equipment Corporation Systems, Digital China IT Services Group, Digital Products Group four virtual subsidiary. .
Sources said that Kuo next May to remove the above subsidiaries of "virtual".
December 28, 2007, Digital China announced on: Digital China and Suzhou Venture Group recommended the establishment of a joint venture memorandum of understanding reached at the same time, the two sides proposed to set up an investment management company and the establishment of venture capital funds. Under the MOU, a joint venture company is established, will mainly engage in Digital China Information Technology currently engaged in value-added services and innovative information technology solutions. .
Digital press spokesman, BOAI says: currently, the two sides also in strategic cooperation stage, a non-legally binding memorandum of understanding (MOU) will be announced in January 2008, a detailed plan of cooperation.
The so-called "information technology value-added services and innovative information technology solutions business," the value-added distribution business, currently engaged in the business of Digital China's companies, including Digital China Management Systems Limited, Site Qi Information Technology Co., Ltd., Guangzhou Xin Long Science and Technology, the National Letter northern network. .
This reporter was informed that the digital plan to split the business alone, and then through the acquisition and financing, and implementation of A stock in the country.
Digital insiders, and Suzhou Venture Group, Guo Wei, operational cooperation and capital operation of the spin-off the start, followed by a series of operations will also be launched. Allegedly planned spin-off of Digital China's business also includes IT services and private label services, the former including Emerging, Kaloke joint venture of the financial advisory firm, and Japan GE, TIS joint venture of the software outsourcing company; which include Digital Online Technology Co., Ltd. (a joint venture with Softbank), Digital Network cable companies. .
For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui
December 20, 2007 to Yin ccidnet author: an Inn.
SAN FRANCISCO Dec. 20 news, Digital China announced yesterday its latest board structure, its third largest shareholder, president and CEO, replacing Li Qin Guo Wei, Chairman. .
Notice to appear, since yesterday, the original digital Board Chairman Li Qin resigned from the Board of Directors due to retirement, but no longer as Chairman of the Board of Directors. The original Lenovo, Chairman of the Board of the Institute of computing technology, Chinese Academy of Sciences has Mau Cho also resigned due to retirement and directors; at the same time as the Board of Directors also includes the current digital executives in China for help. In addition to these three, digital China earlier in 17, has announced that it has realized the original investor Partner of General Atlantic Director William O GRABE has also resigned. Digital's non-Executive Director.
At the same time, Xu-Dong Tang, Hong-Yu, Yan Yan and the other 4 since yesterday in Taipei, has been appointed as non-executive director of Digital China. In addition, the current president and CEO Guo Wei has been appointed as Chairman of the Board, with effect from yesterday. Among them, Tang Xudong, vice president of Legend Holdings Limited, Hong-Yu Fang Hongyi investment in the new managing director of investment. And Yan Yan and Chen Zhiyong are from the current 18.35% shareholding of the largest shareholder of SAIF. .
For more information please read Yahoo space http://i. .yahoo .com .cn../yuanruhui blog http://i. .yahoo .com .cn../yuanruhui/blog/.
1, the European computer manufacturers PackardBell is now Taiwan's Acer Group acquired.
2, I ask Li Qin, Guo Wei, Lin Yang and Zhi-Hua Mao years and North Korea and others have been January 1, 2004 to December 31, 2006 the real annual income (including dividends and dividends) How much? How much should pay personal income tax? . .
3, from August 2007 to the 12-month digital nominally foreign acquisitions, in fact the funds from the Bank loan, Kuo old 0.10% shares into a shares holding 10.29 per cent from multimillionaires and became a billionaire, which should allow it to pay personal income tax (using the personal income tax software to calculate 3 billion RMB 1600 has been deducted and the "gold") $ 110683905 5 times = fine * $ 553419525.
4, Guo Wei exactly where to get 300 million yuan after the KIL British Virgin Islands-registered company (or a huge unidentified property suspected of embezzlement of public funds) then the name of the company's acquisition of Digital KIL shares? . .
5, from December 2007 to August 2008 Kuo old 10.29% shares into a shares holding 40.40% should also make it subject to personal income tax.
6, "four gold" means 8% of pension payments, health insurance, 2% gold, 1% of unemployment insurance payments, housing, 7% gold reserve. .
7, because "Lenovo" and "digital" are two different legal entities, i.e. two different companies, yet should be calculated separately and bonuses.
8, I have provided the evidence is open to the public under the provisions of IPO information from the Hong Kong Stock Exchange official website http://www. . Hkex. . Com. . Hk / legal download. .
Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.
Ask the MOH Chao from 1 April 2004 to April 2005, 1 in China mainland "legend" and "digital," declared the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB411792 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 2006 1 "digital" Mau Cho annual salary for HK $ 1117000 = RMB1005300 element, the average monthly income of HK $ 93083 = RMB83775 element (using the personal income tax software to calculate net of $ RMB1600 MOH Chao has reached retirement age, there is no deduction for the "gold"), the average monthly income payable RMB22495 element * 12 month = annual pay personal income tax of $ RMB269940.
Will have Maochao April 1, 2005 to April 2006 period 1 in China mainland, "Digital China" declared monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB269940-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China documents show April 1, 2006 to December 2006 31 "Digital China" has Maochao annual salary of HK $ 997000 元 = RMB897300 dollars, the average monthly income of HK $ 83083 元 = RMB74775 yuan (use of personal income tax calculation software, net of RMB1600 yuan, has Maochao has reached retirement age, no less "Four Golden"), the average monthly personal income tax payable RMB19236 element * 9 months = personal income tax payable RMB173124 dollars. .
Ask the MOH Chao-April 1, 2006 to December 2006 and 31 China mainland "digital," declared the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB173124 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read the East wealth network blog http://blog. .eastmoney. .com/yuanruhui.
Ask Ms. kept secret from 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB1780860 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 1, 2006, the annual salary for HK $ Li Qin 6315000 = RMB5683500 element, the average monthly income of HK $ 526250 = RMB473625 element (using the personal income tax software to calculate the discounted $ RMB1600 Li Qin has reached retirement age, there is no deduction for the "gold"), the average monthly income payable RMB197036 element * 12 month = annual pay personal income tax of $ RMB2364432.
Will Li Qin April 1, 2005 to 2006, during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB2364432-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Please read the payment details online http://g. . Cnfol. .com / yuanruhui blog http://blog. . Cnfol. .com / yuanruhui. .
Will Guo Wei April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB2056836-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, Guo Wei annual salary of HK $ 7745000 元 = RMB6970500 dollars, the average monthly income of HK $ 645416 元 = RMB580875 dollars (calculated using personal income tax software, deduction of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB198247 element * 12 months = annual income tax payable RMB2378964 dollars. .
Ask the Kuo 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB2378964 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read http://blog. .21cn. .com/yuanruhui/club/12607 century blog http://blog. .21cn. .com/yuanruhui.
Ask-Lin from 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB928692 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 1, 2006, the annual salary for HK $-Lin 3972000 = RMB3574800 element, the average monthly income of HK $ 331000 = RMB297900 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB93830 * 12 month = annual pay personal income tax of $ RMB1125960.
Will Lin Yang April 1, 2005 to 2006, during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB1125960-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Please read the details of the End of the World blog http://yuanruhui. . Blog. . Tianya. . Cn. .
Will the Chinese well-being on April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB530832-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, China Zhi-year salary of HK $ 1830000 元 = RMB1647000 dollars, the average monthly income of HK $ 152500 元 = RMB137250 dollars (using the personal income tax software calculated after deducting the RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB34550 element * 12 months = annual income tax payable RMB414600 dollars. .
Will China believed, 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB414600 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read the enterprise blog network http://yuanruhui. .blog. .bokee. .net.
For more information please read the MSN Chinese network blog http://yuanruhui. .spaces. .live. .com/blog/Nguyen Yu-fai of shared space.
1, Haidian District, Beijing Local Tax Inspection Board Report Center Lee in February 19, 2008 reply to investigate the results. .
2, tax inspectors examined the Kuo-Lin Li Qin, and Edwin and others in the year beginning on 1 January 2004 to 31 December 2006 and ending on the accounts.
3, "Digital China" refuses to submit Li Qin, Guo Wei and Lin Yang and Hua-being in Hong Kong Inland Revenue Department and others in the original tax certificate. .
Question: in January 2004 to November 2004, Kuo is to pay personal income tax, why not turn Li Qin personal income?.
4, 2005, Li Qin, "Digital China" has made more than 290 million in revenue. .
Question: why do the results of its investigation and the evidence submitted by the "digital" 2005-2006 annual reports inconsistent?.
5, 2006, Li Qin, "Digital China" has made more than 307 million in revenue. .
Question: why do the results of its investigation and the evidence submitted by the "digital" 2005-2006 annual reports inconsistent?.
6, because the Li Qin is a special contribution to scientific experts, has reached retirement age, so the required duty-free treatment. .
Question: under the "digital" 2005-2006 annual report shows that this is Li Qin in "digital" work of annual salary.
"Digital China" products are the invention of scientific research achievements of its staff work, just use the patent registered in the name Li Qin. .
7. January 2004, Kuo-should be left to individual income tax to 40 million, the original has been subject to personal income tax 40 million, no problem.
Doubt: April 1, 2004 to 2004 period on November 31, Guo Wei, the average monthly personal income tax payable RMB171403 element * 8 months = RMB1371224 personal income tax payable per -40 million = difference more than 90 million lost to? . .
8, Kuo-December 2004 to December 2006 in the "digital" no earnings.
Question: Why do the results of its investigation and the evidence submitted my "Digital China" Annual Report 2005 to 2006 is inconsistent then? . .
9, Kuo is the Director of HC international consulting co., Ltd., after-tax income of $ 8 million, approved in accordance with the provisions of the tax.
10, Lin Yang from 2005 to 2006 in the "Digital China" does not get revenue. .
Question: in January 2004 to November 2004, Kuo is to pay personal income tax, there is no cross-Lin why? personal income tax.
Why are the results of its investigation and the evidence submitted my "Digital China" Annual Report 2005 to 2006 is inconsistent then? . .
11, help that the year 2005-2006 in the "digital" no earnings.
Question: from January 2004 to November 2004, Guo Wei must pay personal income tax, well-being in China why not pay personal income tax? . .
Why its investigation results and the evidence submitted by the "digital" 2005-2006 annual reports inconsistent?.
12,2008 on February 25, Haidian District, Beijing Local Tax Inspection Bureau chief Miss Guo Re: consult the leadership has been re-verification of the case. .
13. March 2008, Haidian District, Beijing Bureau Chief of the rent check Ms. Guo: Tax Office is being adjusted, such as determining Director leadership after the verification in this case.
In April 14,2008, Beijing Haidian District Tax Inspection Board Report Center Lee replies have been closed, while the head of Miss Guo claimed is coordinating the verification. .
15, 2008 in early may, Haidian District, Beijing Bureau Chief of the rent tax return is Ms. Guo, as regards the verification from multimillionaires Kuo how to become a billionaire, should you want to pay the personal income tax not to investigate.
17,2008 on June 1, I once again Beijing Local Taxation Bureau Web site to report a complaint letter directly to running. .
18, 3 June 2008, Haidian District, Beijing Bureau Chief of the tax inspection? ?? ' ? ? Ms. Guo "digital" has been submitted, Kuo-Lin Li Qin and believed in China and in Hong Kong Inland Revenue Department on 1 January 2004 to 31 December 2006, the original of the tax voucher. But it wouldn't let me listen to the latest inspection reports, so that I could not check under tax law.
Question: Since Li Qin, Guo Wei and Lin Yang and Zhi-Hua, who has been in Hong Kong Inland Revenue Department tax, why in the "Digital China" in Hong Kong accounts do not have a reaction? . .
19, 2008 on 3 June, Haidian District, Beijing Bureau Chief of the rent tax still insists on Ms. Guo refused to investigate how multimillionaires Kuo has become a billionaire, ought to pay personal income tax issues.
20,2008 on August 11, Haidian District, Beijing Local Tax Inspection Board Report Center Lee is examining the case back. .
21, September 1, 2008, Beijing Haidian District rent Inspection Bureau report Centre has not been received in reply to Mr. Li Li Qin, Kuo-Lin and China and Edwin, et al. taxes.
22,2008 on October 8, Beijing Haidian District Tax Inspection Board report center Guoke Chang and Lee answered that the case raises very seriously, re-verification of the case. .
23, December 16, 2008, Beijing Haidian District rent Inspection Bureau Chief, and reporting centre Guo Li reply is still insist, for the first time, and as a result, no issue has been closed.
24, according to media reports in 2008 publicly Haidian District, Beijing Local Taxation Bureau is responsible for auditing operations and inspection of the former Chief Secretary Xiongmou Procuratorate Zhang has been apprehended after the conviction and sentence by the court. .
25, I hereby request the Beijing Haidian District Tax Inspection Bureau digital personal income tax of the prize.
26, 1000 Reduction of Digital China Guo Wei, Chairman of shares, cash in 50 million dollar 2009-07-20 Source: ZDNet reports. .
NetEase tech news on July 20, according to the Nikkei information display, digital China President Kuo Declaration on July 15, reduction of 10 million shares, the average price of HK $ 5 per share, from 41.51 per cent to 40.47 per cent. Digital China today transmit 5.54 2.97 percent, turnover of 1428 million.
27, Guo Wei reduction of share capital 2009-07-22 raise individual sources (Guangzhou) Southern Metropolis Daily, order: Chen Xixi. .
Digital China declared Chairman of the Board of Directors of Kuo 15 July holdings of 10 million shares, shareholding again from 41.51 per cent to 40.47 percent, average price per share of about 5%, for 50 million personal gains. Digital China spokesman said, this is a substantial lessening Kuo personal finance needs, regardless of the company's future strategy.
28, ancient heroes are Robin Hood, and only kill corrupt officials; modern Inland Revenue Department is the rich, post-slaughter civilians. .
With billionaire tax not collected, but only accept wage tax (Moon tax, taxes, transportation allowances, welfare annuity tax taxes, subsidies, tax).
29, Lenovo executives cash frequently, after following the Yang, Guo Wei, Chairman of Digital China Hong Kong dollars 343 million in cash 2010-3-26 Guangzhou Daily, Reporter: Xue Song. .
Last week, the outgoing message from the Hong Kong stock exchange, the Lenovo Group CEO Yang in one week earlier for three consecutive days, the sale of shares in cash 3082 million. Similarly, the non-Executive Director Mary Ma also in two days the amount of the subscription are different and sold the stock. Together about 5450 million cash.
Yesterday, the Stock Exchange data, Digital China (00861.HK) Chairman Guo Wei on March 18 13.7 Hong Kong dollars per share over the counter, reduction of 2,500 million shares to 27.76%, the Hong Kong dollar 343 million in cash Digital China fell 3.785 percent yesterday. Stock Exchange data showed, Hony Capital is also the same day the stock holdings of 2,500 shares of Digital China, a price of 13.7 Hong Kong dollars per share, equity holdings from 30.22% down to 27.67 percent. .
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
Lenovo upper salary surge 12 x, Yang yuanqing last year (1 April 2005 to April 1, 2006) 2175 million salary.
. .
According to Lenovo, Lenovo's annual disclosure of Directors in the period have been substantially increase, which remuneration by Yang year (April 1, 2004 to April 1, 2005) to $ 424 million in 2005-06, an increase of $ 2175 more than 4 times, Mary Ma, Lenovo's Chief Financial Officer from the former year (April 1, 2004 to April 1, 2005) 301 million over last year (1 April 2005 to April 1, 2006) 961 million.
In addition, the association before the five highest paid individuals of remuneration, but also from the previous year (April 1, 2004 to April 1, 2005) 580 million to last year (April 1, 2005 to 2006 April 1) of 28.53 million yuan, while the overall directors and remuneration of the most high-income earners, from the previous year (April 1, 2004 to April 1, 2005) of 12.7 million yuan, increased from last year (2005 on April 1 to April 1, 2006) 1.75 billion, surged 12.8 times.。.
In accordance with the Annual Report (April 1, 2005 to April 1, 2006) revealed an increase of Lenovo Group non-executive directors during the period and the number of independent non-executive directors and remuneration, the number from the previous year (April 1, 2004 to April 1, 2005) of 4 to 10, while the average salary by about 200 per million to about 400 million, for the above statement, Lenovo Group, declined to comment on the relevant parties. .
For more information please read Baidu space http://hi. .baidu. .com/yuanruhui blog http://hi. .baidu. .com/mryuanruhui.
1, if Liu (the current president of Legend Holdings Ltd.) did Mary Ma, from the "debt holdings," groan the benefits of becoming a billionaire and Rich Wives, it should be allowed to pay personal income tax. .
2. Lenovo layoffs after saving the money into the Yang and Mary Ma, wallet, "four" is a gross salary, monthly in accordance with the scale basis instead of a one-time upfront payment of more than 10 years of "gold", it should be subject to personal income tax, if the Commissioner to refer the case to the police and the prosecution and the Court to a fine of up to five times.
3, 斯蒂芬沃德 working 8 months to reach 112 million payment and Amelio annual salary more than 40 million yuan, if the cost of the board of directors over management fees or tax wage standard limit? Need to do to pay corporate tax adjusted income tax? . .
4. July 2007, the IRS site in Beijing the "mail" directly inject Secretary reports, Li Ying Jia to acknowledge receipt of the Audit Bureau, Beijing city national has not yet responded.
Hong Kong, according to documents provided by me April 30, 2005, Lenovo Group Ltd. signed a service contract with 斯蒂芬沃德; December 20, 2005, Lenovo Group Ltd. signed a service agreement with Amelio; their salaries should be Lenovo Group Limited is reflected in the accounts. .
5, from April 2004 to December 2006, Yang is a Director of Lenovo Group Ltd., then their actual income (including dividends and dividend)? how much should be paid? personal income tax.
6, from April 2004 to December 2006, Liu actual annual income (including dividends and dividends) How much? How much should pay personal income tax? . .
7, from April 2004 to December 2006, the MOH Chao actual income (including dividends and dividend)? how much should be paid? personal income tax.
8, from April 2004 to December 2006, Mary Ma, Lenovo Group Ltd is also a director of Sohu is Standard Chartered Bank (Hong Kong) Limited, its actual annual income (including dividends and dividends) How much is ? How much should pay personal income tax? Lenovo is in breach of heaven: not to engage in a second job? . .
9, because the "Lenovo" and "digital" are two different legal entities, i.e. two different companies, yet should be calculated separately and bonuses.
10, "four gold" means 8% of pension payments, health insurance, 2% gold, 1% of unemployment insurance payments, housing, 7% gold reserve. .
For more information please read the original Chinese blog network http://mryuanruhui. .blogcn. There are Bo .com/net http://yuanruhui. .blogcn. .com/.
Ask the MOH Chao from 1 April 2004 to April 2005, 1 in China mainland "legend" and "digital," declared the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB411792 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 2006 1 "digital" Mau Cho annual salary for HK $ 1117000 = RMB1005300 element, the average monthly income of HK $ 93083 = RMB83775 element (using the personal income tax software to calculate net of $ RMB1600 MOH Chao has reached retirement age, there is no deduction for the "gold"), the average monthly income payable RMB22495 element * 12 month = annual pay personal income tax of $ RMB269940.
Will have Maochao April 1, 2005 to April 2006 period 1 in China mainland, "Digital China" declared monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB269940-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China documents show April 1, 2006 to December 2006 31 "Digital China" has Maochao annual salary of HK $ 997000 元 = RMB897300 dollars, the average monthly income of HK $ 83083 元 = RMB74775 yuan (use of personal income tax calculation software, net of RMB1600 yuan, has Maochao has reached retirement age, no less "Four Golden"), the average monthly personal income tax payable RMB19236 element * 9 months = personal income tax payable RMB173124 dollars. .
Ask the MOH Chao-April 1, 2006 to December 2006 and 31 China mainland "digital," declared the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB173124 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui
Ask the critic of 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB1184412 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 1, 2006, the annual salary for HK $ critic 416000 = RMB374400 element, the average monthly income of HK $ 34666 = RMB31200 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB4621 element * 12 month = annual pay personal income tax of $ RMB55452.
Will Liu April 1, 2005 to April 2006 period 1 in Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(Hong Kong report should pay personal income tax of $ RMB55452-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China report showed April 1, 2006 to December 2006 31, Liu annual salary for the US $ 598000 = HK $ 4664400 元 = RMB4197960 dollars, the average monthly income for the US $ 49833 = HK $ 388700 元 = RMB349830 yuan (using software to calculate personal income tax, net of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB112992 element * 9 months = personal income tax payable RMB1016928 dollars. .
Ask the critic of 1 April 2006 to December 2006 and 31 Chinese mainland by the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax payable in Hong Kong report RMB1016928 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read Yahoo space http://i. .yahoo .com .cn../yuanruhui blog http://i. .yahoo .com .cn../yuanruhui/blog/.
Ask Yang 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB1218612 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 1, 2006, the annual salary for HK $ Yang yuanqing 21747000 = RMB19572300 element, the average monthly income of HK $ 1812250 = RMB1631025 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB585753 element * 12 month = annual personal income tax payable = $ RMB7029036.
Will Yang April 1, 2005 to April 2006 period 1 in Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB7029036-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China report showed April 1, 2006 to December 2006 31, Yang annual salary for the US $ 4163000 = HK $ 32471400 元 = RMB29224260 dollars, the average monthly income for the US $ 346916 = HK $ 2705950 元 = RMB2435355 yuan (using software to calculate personal income tax, net of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB882551 * 9 months = personal income tax payable RMB7942959 dollars. .
Ask Yang 1 April 2006 to December 2006 and 31 Chinese mainland by the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax payable in Hong Kong report RMB7942959 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read the NetEase blog http://yuanruhui. .blog. .163. .com/.
Ask Mary Ma 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax due from Hong Kong, China report RMB812124 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
China Hong Kong report shows 1 April 2005 to April 1, 2006, the annual salary for HK $ Mary Ma 9613000 = RMB8651700 element, the average monthly income of HK $ 801083 = RMB720975 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB249944 element * 12 month = annual pay personal income tax of $ RMB2999328.
Will Mary Ma, April 1, 2005 to 2006, during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .
(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB2999328-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.
Hong Kong, China report showed April 1, 2006 to December 2006 31, Mary Ma, the annual salary for the US $ 1667000 = HK $ 13002600 元 = RMB11702340 dollars, the average monthly income for the US $ 138916 = HK $ 1083550 元 = RMB975195 yuan (using software to calculate personal income tax, net of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB343751 element * 9 months = personal income tax payable RMB3093759 dollars. .
Ask Mary MA April 1, 2006 to December 2006 and 31 Chinese mainland by the monthly gross revenue?? how much personal income taxes paid in?.
(Personal income tax payable in Hong Kong report RMB3093759 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .
For more information please read the enterprise blog network http://yuanruhui. .blog. .bokee. .net.
For more information please read Sohu blog http://yuanruhui. .blog. .sohu. .com.
On December 1,2006, Haidian District Tax Inspection Board chai Re:. .
Tax inspectors examine the Yang of accounts, as Yang refused to admit that the annual salary is $ 2175, so no problem.
On December 2,2007, Haidian District Tax Inspection Board and the Chief of Miss Guo Chai and Lee answer a problem. .
3, Stephen Ward and Leo Amery the "Hong Kong" payment, you should associate in Hong Kong or the United States declared subject to personal income tax, land tax, Haidian District, Beijing, China; the inspection authority belongs to the corporate income tax, tax inspection Bureau levy.
Question: Lenovo Group is only then in May 2005 the headquarters moved to the United States, from December 2004 to April 2005, 斯蒂芬沃德 have in Beijing. .
4, Mary Ma now is China in Hong Kong, mainland China without having to pay the personal income tax, tax in Hong Kong, Beijing Haidian District Tax Inspection Bureau.
Question: what is the time to Mary Ma, a Hong Kong people? If she was in the December 31, 2006 only after obtaining lawful permanent residence in Hong Kong is the Hong Kong people, then she should be in accordance with the Personal Income Tax Law of China was submitted the December 31, 2006 before the personal income tax. .
5. inspectors have actually examined the DPRK and the critic and Mau Yang on April 1, 2004 until April 1, 2006 and ending on the accounts, they should pay the personal income tax by $ RMB9309380 already subject to personal income tax, now $ RMB9172040 re-supplying the personal income tax by $ fine RMB137340 RMB6, 000, total 8 thousand dollars RMB20 million.
Doubt (1) In accordance with the tax inspectors to say: the actual inspection period April 1, 2004 until April 1, 2006 date. .
MOH-DPRK should pay personal income tax (Lenovo and $ + shenma RMB411792 Shenma RMB269940 RMB) = $ RMB681732.
Personal income tax payable RMB1184412 Liu Yuan + RMB55452 element = RMB1239864 dollars. .
Yang yuanqing should be left to individual income tax of $ + $ RMB1218612 RMB7029036 = RMB8247648 element.
Total personal income tax payable RMB10169244 three dollars - had already paid income tax RMB9172040 element = should pay individual income tax 997,204 yuan. .
Three people together should be equivalent to the meta-personal income tax is now RMB997204 re-supplying the personal income tax on the difference between the $ = RMB137340 859864 loss where to?.
Total personal income tax payable RMB10169244 three dollars - the inspection report shall be deposited with the difference between personal income tax RMB9309380 yuan = 859,864 yuan loss to? . .
I can get a bonus to be equivalent to the personal income tax of $ * 5% RMB997204 to 10% = $ RMB5 million.
Doubt (2) in accordance with the inspection report and the period prescribed tax receipt: January 1, 2005 until December 31, 2006 date, three total personal income tax payable for the RMB17191143 dollars. .
Page〈 1 > 1 January 2005 until 1 April 2005, three people together should pay $ RMB703704. personal income tax.
"Legend" and "Digital China" has Maochao average monthly personal income tax payable RMB34316 element * 3 months = personal income tax payable RMB102948 dollars. .
LIU Chuanzhi average monthly should be left to individual income $ * RMB98701 3 months = should be $ RMB296103. personal income tax.
The average monthly personal income tax payable Yang RMB101551 element * 3 months = annual income tax payable RMB304653 dollars. .
Page〈 2 > 1 April 2005 to April 1, 2006, three people together should be $ RMB7354428. personal income tax.
"Digital China" has Maochao RMB269940 personal income tax payable per year. .
LIU Chuanzhi annual pay personal income tax of $ RMB55452.
Yang RMB7029036 personal income tax payable per year. .
Page〈 3 > 1 April 2006 to 31 December 2006, the three men together should be $ RMB9133011. personal income tax.
"Digital China" has Maochao RMB19236 average monthly personal income tax payable per * 9 months = personal income tax payable RMB173124 dollars. .
Yang an average monthly income payable RMB882551 * 9 months = should be $ RMB7942959. personal income tax.
Liu average monthly personal income tax payable RMB112992 element * 9 months = personal income tax payable RMB1016928 dollars. .
6, because the Lenovo Group in Hong Kong, China, for the financial year 1 April each year until the second year to 31 March, while in mainland China accounting year with effect from 1 January to 31 December, the inspection report and opened a tax receipt for the period 1 January 2005 until 31 December 2006..
Question: is the monthly payment for personal income tax (introduced in 2006 was more than 120,000 yuan on self-declaration of income tax) monthly inspections, so there can be no question of the timing differences. .
In accordance with an inspection report and opened a tax receipt for the period: 1 January 2005 until 31 December 2006, the three men together should be left to individual income tax to $ RMB17191143.
Total personal income tax payable RMB17191143 three dollars - had already paid income tax RMB9172040 element = should pay individual income tax 8,019,103 yuan. .
Three people together should be equivalent to the meta-personal income tax is now RMB8019103 re-supplying the personal income tax on the difference between the $ = RMB137340 7881763 loss where to?.
Total personal income tax payable RMB17191143 three dollars - the inspection report shall be deposited with the difference between personal income tax RMB9309380 yuan = 7,881,763 yuan loss to? . .
I can get a bonus to be equivalent to the personal income tax of $ * 5% 8019103 to 10% = 10 million.
7,2008 on February 19, Haidian District, Beijing Local Tax Inspection Board Lee answered again: re-examination of the accounts, still only received 20 million. .
8, February 25, 2008, Beijing Haidian District Tax Inspection Bureau, Ms. Kuo has asked again Re: leadership, the verification of this case.
In the end of March 9,2008, Haidian District, Beijing Local Tax Inspection Bureau chief Miss Guo reply again: the ongoing tax personnel adjustments, such as verification to determine the case again in her direction. .
10 April 2008, Beijing Haidian District Tax Inspection Bureau reporting centre, Mr. Li has been closed, and the reply Kuo Lady said is coordinating the verification.
In May 11,2008, Beijing Haidian District Tax Inspection Bureau chief Miss Guo return is verified, saying Ms Mary Ma has not "associate" work. .
Question: under the "legend" annual report 2006-2007 and 2007-2008 annual report and 2008-2009 annual report shows there are Mary Ma, why would you lie annual salary?.
12,2008 on June 3, Haidian District, Beijing Local Tax Inspection Bureau chief Miss Guo reply mistakes again. .
Because the report "long-term incentive and retention bonuses" and "pension scheme's employer contributions" and "other benefits" to MOH Chao and critic and Yang yuanqing to exercise his right to pay personal income tax, the resulting balance.
Issues (1) report, "the employer's contribution pension scheme" and "other benefits" that Hong Kong's MPF scheme is equivalent to the Mainland, "Four Golden" and the annuity, and has far exceeded the amount. And I was already in the calculation of personal income tax deducted in accordance with the standard "four gold." .
(2) critic has reached retirement age, there is no longer necessary to the pension scheme, the truth is the MOH Chao and critic and Yang et al. bonus is paid in cash, and there is no tax.
Issues (3) in April 2005, the Ministry of Finance, State Administration of Taxation issued the "Stock Options on individual income from individual income tax problem" (Cai Shui [2005] 35) the notice for the first time on the stock option income from individual income tax issues be clearly defined. According to the notification requirement, enjoy the stock options there are three elements to get their one duty: In addition to receiving options was not taxable, the buying, selling (foreign stocks) and enjoy the dividends required to pay taxes. Staff row right, should "wages and salaries," the applicable provisions of calculating individual income tax. .
While I provide the Hong Kong stock exchange file displays the MOH Chao and critic and Yang has in the exercise of their rights, have bought stock and sell the stocks and enjoy bonus, and the Hong Kong stock exchange shall be recorded.
(1) According to the June 27, 2007 re-election of board papers show:. .
The basic annual salary for Yang yuanqing USD584503 Yuan, the annual target bonus year for $ USD974172 long-term incentive awards $ USD2171291 shares, up to a $ = $ USD3729966 HKD29019135 = RMB26117222 element, the "pension plan has not been evaluated by the employer's contribution" and "other benefits such as housing allowance".
Yang has the right to vote 11,408,080 shares of common stock, options 11,250,000 shares, 24,301,351 shares of long-term incentive plans, total 46,959,431 shares. .
Mary Ma ordinary shares have the right to vote, ESO 23568441 shares 6120000 shares, long term incentive plan 7978619 unit equals 37667060 unit.
(2) May 23, 2007 Notice of change management and the board of directors composed display. .
Mary Ma ordinary shares have the right to vote, ESO 23149975 shares 6120000 shares, long term incentive plan 8397085 unit equals 37667060 unit.
(3) October 19, 2006 by the Directors service contracts that:. .
The basic annual salary for Yang yuanqing USD584503 element = $, objectives HKD4547433 bonus to $ = $ USD974172 HKD7579058, long-term incentive awards $ USD2171291 shares = $ total HKD16892644 USD3729966 element = $ element = RMB26117222 HKD29019135, has not yet been calculated "pension scheme's employer contributions" and "other benefits such as housing allowance".
Yang has the right to vote 10,200,000 shares of common stock, options 11,250,000 shares, 9,149,141 shares of stock awards, totaling 30,599,141 shares. .
The basic annual salary for Mary Ma USD328434 element = $, objectives HKD2555217 bonus to $ = $ USD433533 HKD3372887, long-term incentive awards $ USD800000 shares = $ total HKD6224000 USD1561967 element = $ element = RMB10936893 HKD12152104, has not yet been calculated "pension scheme's employer contributions" and "other benefits such as housing allowance".
Mary Ma, the right to vote 23,074,000 shares of common stock, 6.12 million stock options, stock awards 2,993,200 shares, totaling 32,187,200 shares. .
(4) the 2005 July 23 show Directors ratified: service contracts.
Liu has the right to vote 16,986,000 shares of common stock, options 5.25 million shares, totaling 22,236,000 shares. .
Mary Ma ordinary shares have the right to vote, ESO 23074000 shares 6120000 unit 29194000 unit.
Yang has the right to vote 10,200,000 shares of common stock, options 11,250,000 shares, for a total 21.45 million shares. .
(5) on 7 July 2005 re-election of Directors documents show:.
Liu has the right to vote 16,986,000 shares of common stock, options 5.25 million shares, totaling 22,236,000 shares. .
Mary Ma ordinary shares have the right to vote, ESO 23074000 shares 6120000 unit 29194000 unit.
Yang has the right to vote 10,200,000 shares of common stock, options 11,250,000 shares, for a total 21.45 million shares. .
(6) of 30 April 2005 changes in the file display: Directors.
Liu has the right to vote 16,986,000 shares of common stock, options 5.25 million shares, totaling 22,236,000 shares. .
(7) on 31 December 2004, IBM Lenovo acquisition: files are displayed.
Liu has the right to vote 16,986,000 shares of common stock, options 5.25 million shares, totaling 22,236,000 shares. .
Mary Ma ordinary shares have the right to vote, ESO 23074000 shares 6120000 unit 29194000 unit.
Yang has the right to vote 10,200,000 shares of common stock, options 11,250,000 shares, for a total 21.45 million shares. .
MOH Chao have the right to vote shares of common stock, ESO 8680000 1600000 10280000 unit.
(8) June 15, 2004 re-election of directors of the Company documents show that:. .
MOH Chao have the right to vote shares of common stock, ESO 8680000 1600000 10280000 unit.
Details please read blog network blog China http://yuanruhui. . Vip. . Bokee. . Com blog commune http://yuanruhui. . Bokee. . Com /. .
About Lenovo Group restructuring and staff of enterprises for purchase of State-owned shares of individual income tax on the dividends of labor issues notifications.
Beijing Local Taxation Bureau:. .
You, the Beijing Municipal Bureau of local taxes on the Lenovo Group restructuring and staff access to State-owned equity and exemption request personal income tax (Beijing rent a [2001], no. 411) is received. The communication reflects the Lenovo Group approval by the relevant authorities, established a set of property rights and incentive mechanisms, will be retained in the business for years should be assigned to the workers ' dividends (1.63 billion) and is divided to the individual workers, used to purchase shares of State-owned enterprises (35%), and then to the ESOP will hold Lenovo Group holding company shares. . We hereby approved as follows:. .
1, the company employees for the purchase of shares of State-owned enterprises, labour dividends issued against the IRS (2000), no. 60 [s] the text of the provisions of the personal income tax withholding tax. The reason is: (State administration of taxation, 9 November 2001, 2001-July 2005 guoshuihan] [832).
(A) two different premise. Guo Shui Fa 〔2000〕 60 to require the suspension of tax is the premise that collective enterprises to a stock cooperative system, but Lenovo does not meet the prerequisite for restructuring. .
(2) the allocation of two different ways. The IRS issued (2000) No. 60 [s] of the moratorium to tax allocation system enterprises of all enterprises will be an asset to individual workers, while Lenovo is only allocated over the labor bonus.
2, Lenovo Group, the practice of holding companies, in fact, is retained in the business for many years not to be sub-divided between the labor of workers participating in the distribution, then share part of individual employees for the purchase of state-owned enterprise shares. .
3. in accordance with the foregoing facts and the relevant provisions of the income tax law, Lenovo Group holding company employees for the purchase of State-owned equity dividends of labour, wages and salaries, "" project, the tax on personal income tax collection by Lenovo Group holding companies withholding.
Please read the details of China's net http://yuanruhui. . Blog. . China. . Com. . Cn expert blog http://blog. . China. . Com. .cn/sp1/yuanruhui /. .
13, according to media publicly reported in August 2008, Yang returned to Beijing for Olympic Games matters.
14,2008 on August 11, Haidian District, Beijing Local Tax Inspection Board Report Center Lee insisted on the original investigation results, and would not let me listen to the latest inspection report. .
15, September 1, 2008, Beijing Haidian District rent Inspection Bureau reporting centre, Mr. Li has been closed, or revert to the original investigation as a result, did not let me listen to the latest inspection reports are prepared to pay a bonus of $ 1030 RMB Jijiao some money.
16,2008 on October 8, Beijing Haidian District Tax Inspection Board report center Guoke Chang and Lee answered that the case raises very seriously, re-verification of the case. .
17, December 16, 2008, Beijing Haidian District rent Inspection Bureau Chief, and reporting centre Guo Li reply is still insist, for the first time, and as a result, no issue has been closed. I hereby solemnly declare refused to receive the prize money of $ 1030 RMB Jijiao some money (even travelling back and forth is enough) and continue throughout the media to disclose the truth.
18, according to media reports in 2008 publicly Haidian District, Beijing Local Taxation Bureau is responsible for auditing operations and inspection of the former Chief Secretary Xiongmou Procuratorate Zhang has been apprehended after the conviction and sentence by the court. .
19. According to the media, public reports-2009 Lenovo Group Chairman Yang yuanqing, Chairman Liu and back to Beijing to attend the CEO Liu Jun and supermodel jiangpeilin wedding.
. .
21, I hereby request the Beijing Haidian District Council rent check immediately grant Lenovo personal income tax in the case of the prize. Since I started in September 2006 in Beijing Municipal Web site directly into reports, and the inspection report and opened a tax receipt for the period 1 January 2005 until 31 December 2006, so it should be standard in accordance with the 2006 award-bonus.
22, also I think that April 1, 2008 is declared Mary Ma, Yang and pay in January 2007 to December deadline for personal income tax during the period, Haidian District, Beijing Local Tax Inspection Board in accordance with my offer on Oct. 19, 2006 approved Directors service contracts to determine Yang's 2007 annual salary for the yuan and HK $ 29019135 Mary Ma, the annual salary of HK $ 12152104 in 2007 dollars, received a Mary Ma, Yang and the personal income tax in 2007, it should pay the bonus. .
23, I even put those supplementary proofs all burned out, will not be any cheaper certain tax audit Bureau is RMB service of corrupt officials, those corrupt elements will only report the use of my material tax (as for their taxes really into the unknown, and may be private swallowed) after deduction of eat my bonuses or to harbour having Mau Cho and critic and Yang and Mary Ma and laizhang don't give bonuses.
24, Yang Lenovo to sell 30.82 million shares to buy a 03 dollar a 18,13:13:45 original 2010, Oriental Morning Post reporter, Zhou Ling. .
From March 9, three days, the Lenovo Group (00992.HK) CEO Yang and Lenovo another senior non-Executive Director Mary Ma repeatedly sell company stock held by individuals, including cash about 3082 Yang yuanqing, Mary Ma also profit of HK $ 300 million. Lenovo Group, the executives said yesterday that it is the individual's behavior, does not affect the company itself.
Hong Kong Stock Exchange data showed on March 9 Yang Hong Kong dollar 4.072 per share subscription price of 271.6 million shares. Day, to 5.344 Hong Kong dollar selling price of 321.8 million shares. March 10, to 5.40 Hong Kong dollars Yang sold for 150 million shares, 11 Youyi 5.52 sold for 100 million Hong Kong dollars. After throwing three shares, Yang Lenovo shares held by the approach of 0.9% from 0.96%. .
Lenovo also Mary Ma non-executive directors on March 9, a 10-course at HK $ 3.474 2.245 and exercising the Lenovo 147.4 million shares immediately after the purchase of shares on the same day at the venue to HK $ 5.3 per share and $ 5.371 shares of stock are the same, the two trading profit of about 310 million, shares from 0.38 to 0.37 per cent.
But industry analysts said, because executives choose this time to cash in Lenovo Group shares reached a high stage, is a private financial management behavior. Lenovo Group shares continued to rise this year, from early in January rose 4.5 HK dollar to the current 5.5 or so. Although the second half of 2005 from the high dollar will go the distance of 7, but Lenovo Group analysts also believe that the stock has reached a high stage, the further rise in the short term is unlikely. From the stock sale, the current is a good time to sell. .
25, Yang yuanqing, throwing the fate of Lenovo stock make suspense 2010-03-18 20: 31-1 author: Yi source: Sina (responsible editor: Chih-yuan).
Bit Network (ChinaByte) 3 月 18 AP recently, the Hong Kong stock exchange documents, Lenovo CEO Yang for 3 consecutive days last week to sell shares, cash of about 30.82 million Hong Kong dollars. .
Documents show that Yang on March 9, each at a subscription price of $ 4.072 271.6 million shares. On that day, the price of HK $ 5.344 to sell 321.8 million shares. 10, Yang yuanqing to 5.40 price sold 150 million shares, 11, and the price of HK $ 5.52 to 100 million units sold. After the third shot, Yang yuanqing, Lenovo shares from 0.96 per cent to 0.9%.
26, association directors to sell 170 million shares of stock at 8:22 p.m. on the March 22, 2010 Writer: Gu Long Source: Bit Network】 (Editor: Peng Lirui). .
22 March evening news, Lenovo Group (00992.HK) today announced that the company directors today sold 170 million shares of stock. According to HK $ 4.072 per share price calculation, the aggregate cash about 692 million. 4.072 price HK $ 5.47 Lenovo last Friday closing price premium 25.56 per cent.
Lenovo executives cash in frequent recently, Lenovo CEO Yang and Mary Ma, a non-executive director of several holdings of shares, totaling approximately 53.9 million Hong Kong dollars cash. So, on renewed speculation that Yang quit Lenovo. .
More than a year ago, the economic environment affected, Lenovo is produced by the University of Waterloo, 2005 Association mergers and IBM PCs business three years since the worst. The media also have Lenovo Group Chairman Yang yuanqing affected performance impact will leave. Its the closest Yang said, in recent years, Yang's physical and mental condition of many of the poor, often put himself in a huge Office, a stay is one day. But after a few days, then issued a Lenovo 40 characters, Yang yuanqing clarification announcement said, is to leave a message. . Liu appointed Chairman of the Board back then, Yang was named CEO post, Lenovo Group revive "the willow with" pattern. .
Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.
Personal Income Tax Law and its implementing regulations. .
The first has a domicile in the territory of China, or no domicile in the territory of one year, from inside and outside of China income in accordance with this law shall be subject to personal income tax.
The first residence in the Chinese territory, or not domiciled in the territory of the personal residence for one year, from inside and outside of China derives income, tax payable shall be calculated separately. .
Tax law article 1, paragraph 1, that have residence within the territory of China, refers to individuals as a result of the household, family, economic interests and customary residence in the territory of China.;
Tax Law said the first paragraph of the first in the territory for one year, is in a tax year living in China for 365 days. Temporary departure, not reduced the number of days. Preceding paragraph, the temporary departure, is the first in a tax year does not exceed 30 days or many times less than 90 days of departure. .
The second paragraph in the Chinese territory without residence and not staying for one year, from China, made in accordance with this law shall be subject to personal income tax.
In a person without a home, but in a tax year in a row in China or residence of not more than 90 days cumulative personal, its income source in China, paid by the foreign employer and not covered by the employer organizations in China, places the burden of part, exempted from paying personal income tax. .
Without residence in the territory of China, more than a year for five years following personal, its source of income outside of China, the approval of the competent tax authority, you can just let China companies, enterprises and other economic organizations or individuals to pay part of the subject to personal income tax; living for more than five years, starting from the sixth year, should it come from the proceeds of all outside China subject to personal income tax.
Tax Law Article first, the second paragraph of the income derived from China, is the income source in China; said income from outside China, is the income derived from outside China. .
The following types of income, irrespective of whether the payment locations in China, are derived from the proceeds of the people's Republic of China.
(A) the Employer, performance, etc., made in China to provide services income;. .
(5) the PRC companies, enterprises and other economic organizations or individuals of interest, dividends and bonuses.
The second the following personal income, personal income tax payable:. .
Taxpayer and a tax on the second of two or two above, according to the calculation of the taxable items. In China the two or two above to obtain tax law, article 2, paragraph 1, the second, third, the same income tax consolidation.
Tax Law Article said the scope of the personal income:. .
First, wages, salaries, and refers to.
Individuals because of their office or employment for wages, salaries, bonuses, annual salary increases, labor dividends, allowances, subsidies, and other office or employment-related income. .
7. interest, dividends and bonuses; refers to the personal debt, equity and interest, dividends and bonuses.
On the stock transfer income from individual income tax measures shall be formulated separately by the Ministry of Finance, the State Council for approval and implementation. .
Article 3: personal income tax rate.
First, wages and salaries, for over-taxed at progressive rates to 5 percent to 45 percent (tax rate schedule appended). .
Personal income tax rate in table 1: wage, salary applicable.
Grade Monthly Taxable Income Tax Rate (%). .
1 not more than 500 $ 5.
2 more than 500 yuan to 2,000 yuan section 10. .
3 more than $ 2000 to $ 5000 of section 15.
4, more than 5,000 yuan to 20,000 parts of 20. .
5 20000 $ 40000 part 25.
6 more than 40,000 yuan to 60,000 parts of 30. .
7 60000 $ 80000 part 35.
8 more than 80,000 yuan to 100,000 parts of 40. .
9 some of the more than $ 100000 45.
(Note: The table referred to the full month of taxable income is in accordance with the provisions of Article VI of this Law, to monthly income after deducting the balance of costs 800 yuan or less the additional deduction for expenses to the balance). .
Fifth, royalties, interest, dividends and dividend income, income from lease of property, property transfer, income and other income, tax rates, tax rates applicable to the proportion of 20 per cent.
Article IV of the following personal income exempt from personal income tax:. .
First, provincial, State ministries and the Chinese people's Liberation Army units above, as well as foreign organizations, international organizations, scientific, educational, technical, cultural, health, sports, environmental protection and other aspects of the bonus.
3, issued in accordance with the provisions of national unity subsidies and allowances;. .
Tax law, article 4, paragraph 3, of the said provisions unity in accordance with the national subsidies, subsidies, in accordance with the provisions of the State Council is the Government special allowances and provisions of the exemption of the State of the personal income tax allowances, allowances.
7, in accordance with State regulations distributed to cadres and workers of the settling-in allowance, severance pay, retirement wages, retirement wages, retirement living expenses;. .
10. the financial Department of the State Council approved the tax-free income.
Article VI of the calculation of taxable income:. .
First, wages, salary, monthly income amount minus the fee of $ 800, as taxable income.
From interest, dividends, bonuses, occasional incomes and other incomes, the income amount for each taxable income. .
Tax law article 6, paragraph 1, the sixth item every time income refers to: interest, dividends and bonuses, to pay interest, dividend, dividend income once.
Third paragraph no domicile in China but made in China the wage and salary income for a taxpayer who has a domicile in China outside of China to obtain wage and salary income of the taxpayer, according to the average income level, life level and exchange rate changes to determine additional deduction for expenses, additional deduction for expenses scope and standards of the State Council. .
Tax law article 6, paragraph 3, said outside China to obtain income from wages, salaries, refers to the representation or outside China and acquired income from wages and salaries.
Tax third paragraph of Article VI of the additional deduction for expenses, is the deduction of 800 yuan per month in fees, based on the amount of the deduction for the cost of provision. .
Tax law article 6, paragraph 3, of the said additional abatement costs for $ 3200, overseas Chinese and Hong Kong, Macao and Taiwan compatriots, in the light of the provisions.
Tax third paragraph of Article VI of the additional deduction for expenses scope, refer to:. .
(3) in China have shelter while serving in or employed outside China to obtain income from wages and salaries; individuals.
Article VII of the taxpayer's income from outside China, allowed the deduction in the amount of tax payable has been paid to foreign income tax. But the deduction shall not exceed the taxpayer in accordance with this Law outside the income tax payable computed. .
Tax law article 7 that is outside of the personal income tax, which is the taxpayer from income from outside China, sources of income in accordance with the national or regional law should pay and the amount actually paid already.
Tax Law referred to in accordance with Article VII of tax payable computed under tax law, refers to the taxpayer's income from outside China, to distinguish between different countries or regions and different income category, according to the standard tax deduction of expenses under applicable tax rates and The amount of tax payable; the same country or region different taxable items of tax payable for that country or region of the deduction limit.。.
Taxpayer in accordance with the provisions of Article VII application for tax deduction in personal income tax paid abroad, the foreign tax authorities should provide payment certificate issued by the original fill. .
Withholding on payments to the individual, the taxable amount shall be in accordance with the tax withholding taxes on time, and a special recording will be recorded. In the preceding paragraph, the payment, including cash payments, paid by dial, transfer and portfolio, physical and other forms of payment.
Article VIII of personal income tax, the income taxpayer, and the paying unit or individual that the withholding agent. Made in two or more wage and salary income and no withholding agent, the taxpayer shall report and pay tax on their own. .
Declaration of taxpayer, should be obtained from the local tax authorities declare tax. Proceeds from the outside, as well as in China two or two above, can be obtained from the taxpayer chose a place; taxpayer change tax stations, should the original approval of the competent tax authorities.
Taxpayers who pay tax in the declaration, its in China have been withholding tax, granted in accordance with the provisions of a deduction from tax payable. .
Article 9 monthly withholding the withholding tax to be paid monthly declaration of taxpayer's tax should be paid within seven days from the last month into the State Treasury and tax authorities submitted to the tax return.
The first wage and salary income tax payable on a monthly basis by the withholding agent or taxpayer in the state treasury within seven days of the month, and the tax authorities to submit tax returns. .
Proceeds from the outside of the taxpayer, should be within 30 days after the end of the year, the amount of tax payable will be paid into the State Treasury and tax authorities submitted to the tax return.
Please read the Chinese courts Network http://blog. . Chinacourt. . Org /? 11020 radius of the rule of law http://yuanruhui. . Fyfz. .cn / blog / yuanruhui law blog. .
Categories: Life. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Lenovo Group Limited Pension News Source: Pension Network January 11, 2008. .
First, the background of the implementation of the annuity.
Lenovo implementation of the annuity is the role of internal and external factors of various aspects of the results. .
First of all, the implementation of the annuity is Lenovo's internationalization strategy. Associative sector through the acquisition of IBM PC became the global leader in PC, after the retirement of employees at home and abroad, let Lenovo's management is aware of the Chinese employees Endowment the importance and urgency of the problem. In Europe, America, Japan, Hong Kong, employees are supporting supplementary pension mechanisms, such as Hong Kong MPF scheme, and the domestic staff of supplementary old-age, but is blank.
Second, the existing social security can not meet the standard of living needs of retired employees association. Before the establishment of enterprise annuities, Lenovo has already established a generous employee benefits security system, but has been around since the association staff retirement income gap issue is not resolved - workers, the higher the income during retirement will be higher after the drop of life. .
Once again, Lenovo retention and attracting staff needs. Lenovo is the key to success, Lenovo is a step by step walk today, it is because the Association has been focused on the discovery of talents and retention, pay attention to inspire them. Lenovo Enterprise annuity to create an enabling environment for stimulating internal staff, to attract foreign talent to join us, as the company's long-term development provides solid security.
Finally, the state of the enterprise annuity laws and regulations system, perfect for the association to solve the structural problems of remuneration provides a guideline. "Trial Measures for Enterprise Annuity" the promulgation of the association provide a supplementary pension to explore ideas and solutions. June 2005, Lenovo officially approved within the enterprise annuity plan through the establishment of programs, selection of suppliers, staff communication, and promote efficient and orderly. In April 2006 by the Ministry of Labour and Social Security pension program for the record, in June it be reported by the fund contract, thus, Lenovo enterprise annuity plan as "Trial Measures for Enterprise Annuity" after the promulgation of the National Ministry of Labour and Social Security Record No. 0001 The enterprise annuity plan! . .
It is precisely in these related policy guidance, the associative Enterprise annuity can be so smoothly. It can be said that the Lenovo corporate pension scheme is Lenovo's internationalization HR strategy, an important part of the incentive not only to retain existing employees will play a huge role in attracting talented people to join in the outside world, especially international talents to join Lenovo will play an important role.
Second, a major element. .
(A) the operation of the mechanism.
Lenovo annuity based on management related policies and regulations, the spirit of fairness, justice, openness, and access to enterprise annuity qualified professional services for a public tender. Finally, Ping An Annuity Insurance Company as the trustee of Lenovo enterprise annuity plan; Merchants Bank as Lenovo annuity account managers and fund trustees; Castrol Pension Fund as the investment manager of Lenovo. .
(Ii) payment.
Lenovo annuity payment is determined based schemes (DC), the company and staff to pay. Some companies pay welfare benefits according to state regulations shall be allocated from the company, employees pay personal rating for the base salary, tax paid; business expenses paid by the company last year does not exceed one twelfth of the total wages of workers and enterprises and individuals will pay no more than the total wages of workers enterprise last year one-sixth of the total. Company contribution rate and the operating results of companies linked to the previous year. Lenovo all eligible employees to join the formal qualifications may be voluntary.。.
(C) investment strategy. .
(D) revenue calculation. .
In carrying out corporate pension plan, Lenovo employees retirement income will reach the retirement of the first three years of the average wage 60 ~ 70%, namely the replacement rate 60 ~ 70%.. for example, if an employee retirement before his average wage for 6000 Yuan/month, if you do not join Lenovo annuity plan, and every month get a pension may be only $ 1320 (22%, the rate of substitution). But if he joined Lenovo annuity plans after retirement, he is expected to be approximately every month get: 3960 Yuan/month (66 per cent; alternative rate); this replacement rate level has reached the internationally recognized relatively satisfactory level. . (Note: The above figures are only expected, estimates do not represent the true level of achievement.). .
III. questions and experiences shared.
EA is already very popular in foreign pension supplement form, but in China is still a new thing, therefore, the market environment is still immature. Lenovo as annuity 001, encountered some difficulties, but also have some experience to share. .
(A) of the problems encountered.
1. . Personal income tax benefits:. .
With regard to tax issues, the State yet policies, such as: Enterprise annuity is paid or tax before tax after tax to pay, if, after payment is received and the proceeds of the tax, pension (especially in the enterprise as part of the vested personal) is a tax, and so on. I hope the Government sector to the early part of the launch of personal tax payment.
2, annuity transfer mode. .
At present, has developed a corporate pension plans of enterprises are also relatively small, if the employee after the departure of the new employment unit of the enterprise annuity personal account can be used only by the management bodies to continue to manage. If this annuity to achieve talent agencies and management, will make the operational processes more flexible annuity.
(B) their experiences. .
In the pension plan's implementation process, we realized the following points for the success of corporate pension plans have a critical role.
First of all, with staff to carry out in-depth communication is an important prerequisite for pension plan. Before the start of the pension plan, we conducted in-depth with the staff and adequate communication, we introduced a pension plan to the specific content of methodologies. Received their annuity - the country's leading old-age security concepts and innovations of a high degree of understanding and acceptance. This is for us to work later and specific operational staff laid a good foundation. .
Secondly, through a fair, open and fair bidding selection professional annuity service is associated with the smooth implementation of the occupational pension scheme. Lenovo annuity formal bidding from September 2005 through November, lasted for almost 2 months, each role has four or more qualified candidates bidding. We are the ultimate choice for peace endowment, China Merchants Bank, harvest as associative Enterprise annuity service provider, mainly because from the company's strength, investment style and market image and risk control, these three companies are pension management requirements, and specific programmes showed excellent professional competence.
Ruan Ruhui comment: How many Lenovo employees to work at least 30 years retirement? . .
For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui
First corporate annuity plan Lenovo employee pensions can be settled up twice Source: Information Times, July 10, 2006. .
5 July, the Ministry of labour and social security, the first enterprise annuity in Lenovo, Lenovo, in accordance with that plan, the employee's pension will rise to 2 x and earlier this year, Guangzhou will assist with the implementation of the corporate pension in the city, but at present the city with the participation of enterprises, only 10%. Why is a good thing? experts believe more grinding and tax incentives have not yet in place. Corporate pension for employees retirement "maid" expert advice, annuity paid to workers should be part of the concession..
First, as the second pillar of pension insurance. .
The so-called annuity, refers to the enterprise and its employees in accordance with the basic pension insurance based on the voluntary establishment of supplementary pension insurance system, the annuity can be used by the enterprise support, you can also scale enterprises and workers. Costs for monthly aggregate or half year or in the aggregate, one at a time, the employees or by the enterprise.
Financial center in the King, deputy director of financial Maodan Ping told reporters that sound Social Security system should be the three pillars:. .
First, the establishment by the national law enforcement, through taxes or payment financing, pay-as-you-go determine payment and coverage (all employees or citizens), low level of basic pension insurance system.
Second, is voluntarily initiated by enterprises, rely on financing of enterprises and individual contribution, fully funded supplementary pension system (such as enterprise annuities);. .
Third, it is a personal savings as the primary personal insurance, commercial insurance, personal salary deposit.
But for now, the first pillar - the basic old-age insurance is not optimistic. It is understood that financial support by the Government of China's basic old-age insurance system, there is a serious funding gap and pressure, needed to establish private pension protection mechanisms as a supplement. .
Second, job hopping is offered for return on investment.
In China, the Ministry of Labour and Social Security issued the year before the "Trial Measures for Enterprise Annuity" and "Enterprise Annuity Funds Trial Measures", some large companies began to try to occupational pension plans as one of the staff salaries and benefits. .
According to established corporate pension should be decided by the enterprise and the trade unions or employee representatives by collective consultations and develop a set of corporate pension schemes, such as the payment ratio financing product selection parameters. After the adoption of the programme approval process, the annuity will increase employees ' retirement in an amount of income.
Annuity account management first pilot banks - Merchants Bank-related official told reporters that there is a benefit annuity is: If employees change jobs, build new enterprises to enter the enterprise annuity, he could apply for transfer; if not established, the Staff can continue on the original account, and the original company, like other employees, to enjoy return on investment. Because investment managers corresponds to large accounts across the enterprise, so employees do not need to pay investment management separation costs, but bear the costs of account managers, and this part of the cost relatively little investment income. .
3. in accordance with the relevant policies, Guangzhou City, when changes in the workplace and workers, corporate pension funds can also be a personal account with the contract. Guangzhou only 10 Enterprise began to taste the annuity.
Earlier this year, the Guangzhou Municipal Labor Security Bureau forwards "on the enterprise annuity program and fund management contract for the record the issue of notice" to the city to implement the corporate annuity, as a focus of this year. .
It is understood that the current annuity Guangzhou promotion is still slow, taking part in Enterprise only 10%. In accordance with the provisions of the enterprise from wages with 4 per cent as annuity, which is used as a supplementary pension insurance, and taxes on this money to the forefront. Annuity personal accounts to manage.
This reporter learned that the enterprise annuity fund consists of three parts: corporate contributions, individual contributions of workers and enterprises operating income of pension fund investments. Enterprise annuity funds are accumulated and managed in the form of personal accounts. Business enterprise annuity payment under the program shall be in accordance with the proportion of workers included in the amount of individual enterprise annuity account; workers pay the amount charged to my individual personal account annuity. Pension Fund Investment income, net rate charged by individual enterprise annuity account. .
Workers reached normal retirement age set by the State, from my annuity personal accounts at one time or periodic collection of annuity. Has not yet reached the retirement age, not from the personal account to withdraw their funds.
Fourth, experts suggest that tax incentives in place needed. .
According to experts, the annuity is solid employee benefits the second pillar, the tax is direct drive. However, the tax law for occupational pension regulations remain blank, the only tax benefit is based on the issuance of the perfect urban social security system of the pilot programme of: "Enterprise annuity enterprise in less than 4 per cent of the total wage bill of the cost. At the same time, encourage personal savings of endowment insurance. ”。.
At present, Guangzhou, Shanghai, Beijing and other 22 provinces, cities and districts have been released in the enterprise annuity tax incentives, the proportion of the general corporate tax deductibility of pay for the company payroll of 4% to 5%. .
However, Taiping life branch concerned were of the view that local policies in the wage bill is a general concept, in particular when the operation is more vague and at enterprise level, on the personal contribution and corporate pension fund investment returns whether to enjoy tax benefits, as well as residents received the annuity income tax should be problem is lack of clear rules.
Deputy General Manager of Ping An Annuity Insurance Company study with Yang also told reporters that the company take into account the profits, before the introduction of non-preferential policies, naturally not on the supplementary pension insurance Namejiji; another individual Jiaona not part of enterprise annuity tax-free, operating income also required to pay interest tax. It could have been a good thing for the enterprise annuity appears in the current or "water bubble", the state should support the policy as soon as possible related to mobilize the enthusiasm of enterprises. .
5. focus annuity will give employees a burden?.
Staff by 8% per month to pay social security, after which they pay the annuity, the burden too great? Taiping Life Insurance Guangdong Branch concerned that the employees are paid the base, the ratio is not high, not too heavy for staff to bring the financial burden. On the contrary through the annuity, the social pension insurance, personal savings, to build a modern comprehensive pension "iron triangle." .
It is reported that for enterprises and workers pay scale was not clearly defined, nowadays most enterprises have adopted their respective contribution 1-1. According to the Ministry of labour and social security, pension costs, the cost of enterprise paid shall not exceed the total wages of employees from one enterprise and the individual must not be more than one-sixth.
The source also pointed out that, according to estimates, if the monthly income received by Social Security to achieve your retirement income, 50% the previous month, while annuity can make up 20%, then the individual would be no need to make up for commercial insurance. However, disease, accidents and other risks could not make up by EA, so employees need to be supplemented in accordance with commercial insurance. .
VI. pensions cases: individuals to pay $ 100 per month for 30 years length of service can take hundreds of thousands more.
Corporate pension plan as an example to Lenovo, Lenovo Group funded employee contribution amount and the amount ratio of 1 to 1. . It is estimated that pension plans to join the association after 30 years of staff work, if the average wage before retirement was 6,000 yuan / month, you get the social old-age retirement insurance and annuity association of pension income, and about 4,000 yuan / months, basically to maintain pre-retirement standard of living, if not participate, you can only get more than 1300 yuan of the social insurance fund. .
A large State-owned enterprise HR Director Ms. Huang also had to press accounts. Suppose an employee last year's payroll was $ 72000, now a monthly draw from earnings of $ 100 into their individual annuity account, while at the same time as he deposits of $ 300 (fee: 3). If not included in income, excluding wage gains, then 30 years later, the employee retirement lump-sum to 100 (Yuan) × 12 (months) × 30 (years) 300 (RMB) × 12 × 30 (month) (year) = $ 144000.
In fact, EA is the ratio of the average wage in accordance with the previous year planning to go, the wage of workers with seniority, level and other higher every year, annuity deposit will rise; other enterprise annuity market in the form of trust management. Investment managers based on the characteristics of enterprise annuity investment programs designed for the enterprise, such as stable income bond annuity products. This no doubt will make annual annuity corresponding rise in corporate employees. .
Ms Nguyen Huy comment: Lenovo Group, how many employees work in over 30 years after retirement?.
Additional evidence has been sent to http://blog. . Chinaunix. .net/u/24547 / blog http://yuanruhui. . Cublog. . Cn / please to download. .
Group insurance surrender tricks frequently performed avoidance channel for enterprises in Jinxian Cheng Source: China Business News on: Xu-Fen Li. .
Shanghai reports on corporate pension insurance is a form of supplementary pension schemes, is made up of enterprises and institutions in the State of basic social protection through insurance for staff welfare and security plan. It can stimulate the enthusiasm of the staff, increase employees ' sense of belonging, to give staff a real protection. Countries have introduced requirements related to policies, such as the purchase of annuity insurance enterprises, 4 per cent of the total wages of premium payments in the following sections can be at the forefront in tax. But, this worker protection scheme is reduced to some enterprises escaping tax burden means.
First, a sales representative for confidential briefings. .
"I see from your Web site a group annuity insurance is hot, can you give me to introduce specific situations?" and "Oh, you still come and talk to us face-to-face is better, a lot of content on the phone, for example, it is not clear that tax avoidance features--" a life insurance company business representatives then.
30 minutes later, the customer identity to reporters in Shanghai City, west branch of the insurance companies, representatives of a five-star sales force warmly received in his eyes, "one customer group." .
"You're on the phone said tax avoidance is going on?" the reporter asked.
"Is this a reasonable tax avoidance." To force open the phonograph, the reporter gleaned from his words out of several group annuity insurance using tax evasion case:. .
1. secret accounts.
State has adopted a related incentives to encourage the development employee benefit plans, such as the requirement to buy annuity insurance companies, 4% payroll expenses can be part of the premium before tax. Some companies even go beyond reality, the amount of 4% for group pension insurance, the tax authorities to raise questions and enterprises to send money to the employees hands are not refused to pay personal income tax. The company two years do anything, and then surrender the money after the transfer to the privately set up accounts, and successfully escape the tax authorities audit.。.
Specifically how does it work? Seasoned ground to reporters at the power out from his mind, "Insurance Group Annuity Insurance, a company that provides us with a list of insured employees and identification card, and stamp seals, we give you to make a general policy, to provide a common public accounts and staff personal accounts, that money can flow freely between the two accounts.。 Surrender as long as the commitments 1% ~ 5% of the insurance fee and administrative expenses, if three years after the surrender, handling almost zero, compared to 20 per cent personal income tax, you say? "to force a blink of an eye.
"Insurance companies generally select group annuity as a means to retain employees, many companies decided to work within a certain period before full enjoyment of annuity, the staff constitute some degree of containment.". .
2. multi-channel revenue sources to evade tax.
Reporter noted that the force placed on the table in disorder to a lot of copies of ID cards, more strange is that in the force is doing a 70-year-old and older group annuity plans. "70 years of age or older have little insurance can not cover it?" Reporter puzzled. "Look!" In the force said, taking a copy of ID card for reporters to see, "to turn over ID card, and you find it? This man born in 1926, more than 70 years old, but the copy on His date of birth changed in 1936 so that groups can annuity insurance of the insured.。.
Second, group annuity insurance companies rely heavily on how a tax avoidance tool? . .
The reporter learned from ping an group insurance sales department receives the message, the Group annuity insurance really stick to employee retirement age in the rare case that the collection, most enterprises are in order before the surrender, with a lot of people think.
"Why are there so many people use a single operating corporation tax avoidance, rather than personal insurance products?." .
"First, individual pension insurance and group pension insurance cash value is not the same. Personal insurance is comprehensive, customer purchases of personal insurance for $ 100, of which $ 20 is to ensure that the customer is not an accident is to be removed, the remaining 80 is an annuity, on this basis to the fixed income plus dividends, this part is the cash value. And one of 100 Yuan, ignore the charges and fees, cash value is $ 100 feature comparison. ”。.
"Secondly, because of cost. With a single business operation is the same thing up fees, fees to be charged as management fees. If a person surrender, his loss may exceed 50%, beyond the personal income tax a half times, which Customers are willing to? a single group over several years, Jin Xiansheng an individual policy, business, employees, insurance companies, all three facilities. ". .
Third, business and insurance companies in the form of playing tricks.
Pension insurance organizations in the promotion, when done intentionally or unintentionally feeding at a reasonable tax avoidance has become a common practice of insurance agents. According to report, Ping An, China Life, Pacific Ocean floor is in Shanghai to do the largest groups of three pension insurance company, their insurance agents in the sales tax avoidance when the killer will be thrown out to attract a single customer group. China Life's business manager, surnamed Chen believes that the issue of corporate tax evasion prevalent in luck, "the cost is not high anyway, why not a try? Success can after this operation, endless benefits, even if the tax authorities to be checked out, padded tax on it. ". .
Contact with insurance companies, the reporters found multiple denial of insurance agents on the phone talking about tax avoidance, once a group annuity insurance from employee benefits go to tax avoidance, agent often allow customers to reconsider, who are interested in the arrangement to meet face to face with customers to discuss matters related to the public, then something is always inevitable.
"Many customers do not know the insurance tax avoidance means, of course, this delicate thing we have not danced only by exposure to strongly recommend customers and clients for a referral to the promotion, customers do have the demand for this product we do for each company a special solution, more and more customers come here especially, we are selecting companies is not what we were all doing business tax avoidance scheme. "on strength rather self-complacent . .
Fourth, the tremendous potential of the annuity market where to go.
According to Ping An Life Insurance Company Shanghai Branch Zhou Liancheng Group insurance sales centers, general manager of introduction, social security, occupational pension, personal pension insurance, employee pension plans are the three components. Running community in the corporate era of planned economy, social security funds once as high as 83% (insurance term called the replacement rate), was reduced to about 58% now.。 Europe and the United States, and experience are, in General, staff welfare expenditure as a share of the total wages of more than 1/3 of the average of each employee in excess of $ 1. .4, annuity due to tax income benefits, insured pension insurance, not only for the future financial and insurance at the same time saves the due payment tax money, attractiveness to businesses and individuals are very large.
China's Enterprise Annuity system is still in its infancy, therefore, corporate annuity insurance market in China there is still much room for enterprise annuity market in China is expected to reach over 100 billion yuan per year. .
In China the first annuity and insurance development forum, the President of the China insurance regulatory Commission, said that the insurance industry to dingfu play Enterprise annuity. More and more into an annuity insurance market, Lenovo Group and China signed annuity insurance agreements, we have no doubt their input on employee welfare and care, according to industry sources, the Group annuity insurance has become one of the fastest growing insurance, but on the other hand, it's also a surrender rate is very high. This allows us to resist the enterprise tax such a disgraceful things.
Using the phenomenon of tax avoidance group annuity attention must be paid, failing that, increasingly large enterprise annuity market will become a hotbed of tax evasion, thereby causing large-scale loss of state revenue, a large number of enterprise employees have no access to retirement effective protection. .
Ms Nguyen Huy comment: Lenovo Group, how many employees work in over 30 years after retirement?.
Please read the details of Yahoo's space http://i. . Cn. . Yahoo. .com / yuanruhui blog http://i. . Cn. . Yahoo. .com / yuanruhui / blog /. .
Annuity in pre-tax deductions from China tax news executive editor Amy 2006 09 requests since Monday 04 June, 2007.
According to media reports, the Ministry of Labour and Social Security recently issued a "Lenovo Group Pension Scheme on the confirmation," which marks the country's first Ministry of Labour and Social Security, pension plans registered the record established companies. .
Under the company pension scheme Act (Ministry of labour and social security, order No. 20), annuity, supplementary old-age insurance, also known as the second employee of "pension" and refers to the enterprise and its employees in accordance with the basic pension insurance based on the voluntary establishment of supplementary pension insurance, annuity and funded by the enterprise or enterprise and employees jointly funded proportionally. Costs for monthly aggregate or half year or in the aggregate, one at a time, the employees or by the enterprise. . .
But in supplementary pension deduction ratio under the State Council on improving the urban social security system of the pilot scheme (s 42 (2000) NDC) in article 2, paragraph 10, the pilot areas of the enterprise, Enterprise at 4 per cent of the total salary within a section, you can be the cost.
"Ministry of Finance on the insurance company for the employees of the financial deal with the problem of notice" (Financial Enterprise 〔2003〕 61) The second article, non-pilot areas of the business, supplementary pension insurance shall be allocated from Calif, but not so there is a deficit caused Calif. .
The circular on implementation of the accounting system needs a clear notice of the income tax (IRS issued (2003), no. 45), enterprises of all employees by State or provincial level proportional or standard payment of supplementary pension insurance can tax deduction. Enterprise for all employees by State or provincial level proportional or standard back basic or supplementary pension, health care and unemployment insurance, which can be directly deducted from the payment of any additional period; the amount is significant, the tax authorities may require enterprises to not less than three years staging even less.
Also, is booked for the Warfare of the supplementary pension insurance, according to "the State Administration of Taxation on the revision of corporate income tax return notice" (Guo Shui Fa 〔2006〕 56) provides clear benefit costs are incurred in dealing with meet the required standards in the supplementary tax pension insurance program is also listed as a tax reduction, may be deductible. .
Therefore, the ratio in accordance with the provisions of the State enterprises to pay an annuity can tax deduction, tax and accounting is consistent with Basic.
However, according to the State Administration of Taxation "on the supplementary pension insurance company issuing individual income tax issue approved" (Guo Shui Han 〔1999〕 No. 615) provides that the balance of the unit linked with the work efficiency wages, the form of cash to service workers and from retirees, as a supplementary pension, the amount obtained from active employees, payment should be fully included in the month the individual wage and salary income, combined personal income tax levied. The sum of the retired workers to obtain income, should be separate as a month's wages and salaries, personal income tax levied by tax law. .
。.
In addition, "the Ministry of Finance, the State Administration of Taxation on personal income tax issues related to approved" (Tax 〔2005〕 No. 094) also provides additional processing on the unit for personal pension insurance surrender personal income tax and corporate income tax after the treatment. Units of individual workers to buy commercial supplementary pension insurance, insurance procedures in the handling of personal income tax should be as "wage and salary income" project, to pay personal income tax according to tax law; surrender for various reasons, did not get real personal income , personal income tax already paid should be refunded. .
Ms Nguyen Huy comment: Lenovo Group, how many employees work in over 30 years after retirement?.
Additional evidence has been sent to http://blog. . Chinaunix. .net/u1/33680 / blog http://mryuanruhui. . Cublog. . Cn / please to download. .
Category: Economic. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Digital suspected of tax evasion. .
The influx of tens of thousands of Chinese enterprises, tax evasion and tax havens of billions of dollars from 2004 04/11/Beijing News.
"A week ago, Mauritius to the China Merchants to conduct offshore business registration cost low than the British Virgin Islands." Mei Xinyu said with a smile, Mauritius began to "create card" was. British Virgin Islands, Mauritius, may be an example of learning for offshore financial center --- a paradise of some business tax avoidance, capital transfer station operation. .
At present, China's offshore financial center of research in this area almost or a blank, Department of Commerce's Institute for the study, Dr. Mei Xinyu experts in the field, he is concerned about the problem and have up to two years. British Virgin Islands, one has tens of thousands of people, occupies only 154 km of Caribbean island, has become the world's fastest growing offshore investment centre. . According to Yin Cheng Hong Kong International, Inc., the global offshore companies registered in more than 70 million businesses, of which 50 million are British Virgin Islands. Offshore company registration business has become one of the island's two pillar industries. .
First, off-shore centres attracting Chinese enterprises.
Such as the Virgin Islands offshore financial center, and Chinese companies are increasingly closely linked. Currently, offshore financial centers offshore companies registered in China has tens of thousands. .
According to information available to journalists, famous enterprises such as digital in the name of the foreign investor, it is registered in the offshore centre. According to article 7, 2002 issue of the new financial magazine survey, 10641 registered in Caribbean offshore financial centres, enterprises and China, which average daily register a Chinese concept of the company.
Panama Morgan & Morgan Group Asia business consultant Zhang Rutao Beijing office, told reporters: "We headquarters was established in 1923 in China, we started in 1998, the agency carried out offshore company registered business, since 2002, we clearly feel that this block the growth of business very rapidly. ". .
In recent years, investment in the offshore financial centres has grown rapidly to become the capital of the prominent within the stream. At present access to statistical data for the public in 1993: include the British Virgin Islands, Bermuda, offshore financial centres in China's actual foreign total 0.17. By 2002, the total of all a free port in the Chinese mainland investment accounted actual utilization 14.11 per cent of the total.
Mei Xinyu said relaxed legal environment and a high degree of confidentiality on the company's business to an offshore company with the full protection of their own security, greatly reduce the various risk factors. Repeatedly to prevent local courts and even banks to foreign courts, the Government of customer information, and the actual control of the enterprise to provide a good cover conditions. .
At the same time, the offshore company tax, to the negative light and many offshore centres and major economic powers signed double taxation treaties. In addition, the registration process and lower the maintenance cost is to stimulate an influx of enterprises were important reasons.
According to the information network of the Ministry of Commerce, 2003, the British Virgin Islands has become the actual amount of investment in China ranked the second largest source of foreign investment. .
In addition to the British Virgin Islands, Caribbean and other regions, such as Bermuda, the Cayman, Barbados, Bahamas, has become the overseas offshore investment centre.
Second, avoidance of heaven. .
"One is tax evasion, capital operation, preparing for overseas listing. "Zhang Yu Tao to sweetly pointed out, the British Virgin Islands or similar offshore land registration, there are two main purposes.
In the British Virgin Islands-registered company to enjoy the rule of confidentiality: the accounts without the need to produce audited statements, to issue bearer shares, not to register the name of responsible person said that the directors, shareholders do not have registration information. .
On the revenue side, non-residents simply from the Virgin Islands of the income tax, no capital gains tax, registration companies enjoy including withholding tax, the tax exemption.
British Virgin Islands-registered offshore companies and offshore maintenance costs to be higher than the other, the minimum registration fee is 750 U.S. dollars. "However, not far from 750 U.S. dollars each year and these companies offshore to escape taxes by comparison." Mei Xinyu said. .
The most obvious example is the media Tycoon Modoc control of News Corporation tax avoidance action. In 1990, the News Corporation in the world has 24 publishing company, the largest of which is a company registered in Bermuda. In the same year, the Government of Australia's corporate income tax rate was 39 per cent, News Corporation registered in Bermuda only publishing the annual profit is 22.7 billion Australian dollars, but stunning is that News Corp paid taxes in the year just 1.76 cents!.
From that point on, the Western countries to strengthen anti-avoidance management, aggressive tax avoidance momentum control. However, governments in developing countries which are not strictly managed. Some experts believe that China's tax incentives to attract foreign investors, but also to some extent stimulated the foreign tax avoidance. .
3. transfer pricing tax avoidance action was one of the most common approach.
Mei Xinyu give an example of easy to understand: for example in the British Virgin Islands-registered company engaged in integrated circuit parts production business. On actual production operations in China, the cost price of 5 dollars, and sold at very similar prices in the Virgin Islands this book as an intermediary trading company; then, then fit the local Virgin Islands, the price level of approximately 7 U.S. dollars price to sell the United States U.S. to 7 U.S. dollars and then sold to the domestic price. The transactions, only book on the go again, not actual. But China and the United States from both ends of the income is approximately zero, so the two can not be charged VAT.。.
Mei Xinyu also pointed out that renowned international companies to less use of transfer pricing, small companies are common, as this in the usual way, large companies should be used if the community will be of great concern. .
The amount of tax evasion snowball is expanding, and the accuracy of the figures is always the mystery of the unknown from the outside world. "The most conservative estimates, there are certainly a few tens of billions of dollars. Hundreds of thousands of Mainland well-paid, book loss rate of 60 per cent, but not to additional investment. They passed offshore centres in mainland profits through offshore Center over to expatriate. "Mei Xinyu said.
Fourth, capital operation and transfer stations. .
"Overseas listing of private enterprises, and creating fake scandals, almost without exception are registered in the offshore company. "Mei Xinyu said.
As to offshore companies registered in, most are some insider operation, while listed companies, insider trading will no doubt make it burst devastating blow, so the excavation behind the scenes even more difficult. However, we are still a number of listed companies through public data about the operation of registered capital for the magic. .
As a result of overseas companies registered in China A-share market listing, so we may wish to Hong Kong-listed company for investigation.
As of last September, based on current available data, the 1019 Hong Kong-listed companies, in Cayman and Bermuda have reached 731, accounting for 71.7% of the total number of listed companies; all in China, Hong Kong other than market capitalization of listed companies registered in Hong Kong stock market capitalization accounted for 50.3%. Apart from four other companies, are in Bermuda and the Cayman Islands-registered offshore company. .
For offshore companies registered with, and Zhang Yu Tao mei Xinyu said that in China, these companies do not exhibit the characteristics of industry. But Mei Xinyu said, highlight IT with the offshore company registration rate is very high, but they almost all is ready for the overseas market. High risk businesses need a convenient and smooth channel of financing, in the domestic companies registered overseas stock markets, the Commission's approval procedures will be very strict, very complex. But if the offshore company's name in the overseas going on the market, it is convenient to many.
5, closely linked with Hong Kong and Taiwan. .
According to the book statistics, Caribbean offshore financial centres has become an important source of foreign investment in Hong Kong. To the end of 2001, the Virgin Islands, Bermuda, the Cayman Islands at the Hong Kong stock market value: the second, third and sixth.
Mei Xinyu that in all of China (including Mainland China, Hong Kong SAR and Taiwan Province) are capital transactions in the Caribbean offshore financial centers, the British Virgin Islands holds a special importance. This is because the Virgin Islands are a group of Hong Kong and other parts of the Far East as a market target of international business companies, offshore financial centers. At the same time as the original and Hong Kong are British crown colony, the British Virgin Islands on a regular basis to send representatives to Hong Kong in publicity and promotional efforts. .
As of early 2003, about 30 per cent of registered red chips listed in Bermuda, the Cayman, including digital, a well-known enterprise in the Mainland. Mei Xinyu pointed out that, since the adoption of the Mainland enterprises overseas offshore companies in Hong Kong stock market transactions in the purchase of shell companies very frequently, so there is as yet difficult to make comprehensive statistics.
Investment in the Mainland Taiwan-funded enterprises are also very popular in the offshore to register. Mei Xinyu said the main purpose is to circumvent the restrictions on the source. Lee Teng-hui came to power in support of Taiwanese enterprises to invest in Latin America, its very limited investment in the Mainland. But Latin America's political and economic situation stable, Taiwan has a very optimistic about the mainland market, the Taiwanese offshore companies by-pass, to conceal the true identity away to the mainland on behalf of an offshore company to reinvest. .
For more information please read the Google blog .blogspot .com http://yuanruhui../..
At least 72 tax havens worldwide, China's annual revenue loss of 300 million, rich countries possessing rich overseas, the global annual revenue loss of 255 billion U.S. dollars. .
Source: Beijing Hyundai commercial news 29 March 2005 Monica NG.
Authoritative international organization "Tax Justice Net" on March 27 according to data released, in order to evade tax, the world's super-wealthy who transfer assets abroad, up 11.5 trillion U.S. dollars. The survey results were surprising, because even more than the sum of wealth, the British gross domestic product 10 times. .
International tax authority "tax justice" in the latest report, global top Regal current assets will be transferred to 11.5 trillion overseas tax havens, which is equivalent to the GDP of China last year.
The study results are based Bank for International Settlements, Merrill Lynch and McKinsey data provided by the three agencies calculated. .
The assets transferred to the tax havens, from a legal point of view it is not against the law. The world's top media mogul Rupert Murdoch's Regal, Indian steel Tycoon Mittal, Tetra Pak packaging boss Clausing, and so on, are the assets invested in overseas tax avoidance "heaven." Sunday observer published in the "tax justice," the report notes that these Regal each year can benefit from tax assets; while $ 8600, tax departments around the world as a whole, at least every year 2550 billion tax loss that Governments seemed to be "incapable" to stop their reasonable tax avoidance.
However, this 11.5 trillion U.S. dollars of assets transfer does not include other kinds of multinational corporations in tax havens injection. Last weekend the OECD to stress again that offshore tax havens to this growing problem, not only for rich countries to headaches, but also plagued less developed countries. .
It is learnt that the loss of 11.5 trillion does not include some subtle way to steal escape taxation. World of OECD, international tax evasion acts will not only affect the rich countries, but also make some middle-income countries struggle with.
Tax experts from the UK's Richard Murphy, the Belgian Parliament this year to read the Special Committee on Globalization, a study to understand that, according to its estimates, the world's available at least 72 tax havens, tax avoidance by about half of world trade Hong Kong completed; tax haven account for several trillion dollars is the capital "flight", every year 600 billion U.S. dollars of new, mostly from developing countries. .
Prior to that of taxation officials revealed that only foreign tax avoidance behavior, causing the Chinese tax loss per year 300 billion yuan, of which the use of tax havens to inject a great tool. It is understood that the overseas tax havens is offshore financial centres are part of a well-known enterprise in the Mainland as digital also has in offshore financial centres.
Additional evidence has been sent to the google forum http://groups. . Google. .com / group / yuanruhui please to download. .
Tax avoidance and anti-tax avoidance, the domestic tax avoidance can not be ignored Source: Neutral PricewaterhouseCoopers. .
British Virgin Islands is a "tax havens" by a representative. Although only 153 km2 of area, it brings together nearly 40 million companies register here. In accordance with the provisions of the Virgin Islands, and any person or organization provided by a government licensed intermediaries (such as a law firm), the single payment service charges of $ 1700 and, through the intermediary institutions to local government pay a service fee of $ 500, and then in the local and foreign banks to open a US dollar account will be able to get through the intermediary to companies registered in the business. . In addition there can be said to hang a name, even if the company is to trade in cultural objects, arms smuggling, local government still indifferent. .
Currently, in the Virgin Islands on the registration of the company there are two broad categories: one category is legal according to the 1885 registered resident companies, these companies need to operate in accordance with national law and legitimate. Another kind of company is locally enacted in 1984 the international business companies act after the establishment of the so-called "offshore company". According to the provisions of the Act, a foreign company can take the form of offshore companies registered in the island. Registration of international business company offices and agents should be nominally established on the island. The company does not need to set up a huge amount of business team, as long as the landlord or Manager can be a titular is simply a "letterbox companies". . Currently, more than 60 Hong Kong-listed mainland companies, 20 more than in the "tax haven" for registration, such as Digital China (0861.HK) is registered in Bermuda. .
In the British Virgin Islands this area only 153 km2, the resident population has only a little but 1.9 million brought together 35 million companies, where registered companies in more than 1 million and China, while in that 1 million home and part of the registration of the Chinese people. The reason why many companies are willing to a lack of natural resources of the island, because here is the world's famous "tax havens".
Foreign profit enterprises in itching. .
Foreign-funded enterprises through a variety of ingenious means, money, a native of domestic enterprises some jealous, as if Laozi's heritage are adopted son inherited the gene, which is exactly the same as the parents of a son but thankless.
National tax policy for foreign enterprises of all kinds of concessions, has given way to domestic enterprises virtually increase Liao production costs and hurt competitiveness, Xianzaiwaiqi Zai use of tax shelters Ewai gain benefits, it is not lose the deals so the good , many domestic enterprises to follow suit. Despite the avoidance of domestic enterprises can not be the "responsibility" due to foreign companies, but foreign companies have revenue in the "super national treatment" under the premise, but also to domestic firms feel big pressure on tax avoidance. .
According to "business news" reported that "tax" course very popular among the people, Shanghai well-known IT companies and Chief Financial Officer, Mr. has just completed a training course curriculum that is a "tax avoidance", started in Shanghai is a well-known tax consulting company. Mr. Tao on the business news reporter said, listen to most of the company's General Manager, Finance Manager, but there is also a common financial staff. Press Advisory staff at the training centre that similar training seminars, each person to 800 ~ 1000 Yuan/game shows. . Otto also said the course price is not important, the key is to go back soon learned to come in handy. .
It was introduced, many companies are still looking for financial agents do tax avoidance, but these agencies are mostly from the financial sector jumped senior financial personnel, they directly to the foreign enterprise with saleable avoidance. An important customer base is domestic domestic enterprises.
Registered companies in tax havens as domestic enterprises to use more sophisticated tax avoidance was one of the methods. According to "Beijing Business" report, now in overseas tax havens offshore financial centers have been registered in the Mainland, many well-known enterprises, such as Digital China and so on. In fact, companies in tax havens is only one office may be the "front company" only. .
"Twice" proposals already made, due to various reasons has yet to fall to the ground. 1 June this year, held in Beijing in finance work meeting, study the full enterprise income tax law (draft) ", including two statutory tax rate after the merger, and whether the foreign-funded enterprises to implement tax benefits of the transition period, etc. According to experts, the tax law has entered the technical processing phase, the actual time may be introduced in January 2006.
Please read the google blog details http://mryuanruhui. . Blogspot. . Com /. .
Havens of the good old days still long from 8-10, 2005-tax network in China or China economic weekly.
Many islands are known as tax havens, many countries including China, the companies are registered here. But these "paradise" Most of facing "good time" destiny. Facilitate the avoidance of these islands have nothing in common features? What is the reason for their "good time"? . .
Throughout the Cayman, Bermuda, Marshall, Secher, Panama ... There are approximately 30 more tax havens. They became global companies registration point, mainly in areas of political, economic, and social stability, sound legal system; no need to pay local taxes, registration, pay the registration fee must be paid each year, after the annual fee; company stockholders, asset assignment, such as restructuring, mergers and acquisitions, capital operation is very simple.
Supporting the financial services and tax-friendly environment so that they become a "tax haven", but also for many countries and international organizations, the main target of anti-tax avoidance. .
First, the joy of tax havens.
British Virgin Islands is a "tax haven" of a representative. Although only 153 square kilometers of area, but a collection of nearly 400,000 companies registered here. In accordance with the provisions of the Virgin Islands, as long as any individual or organization licensed by a government agency (law firms), one-time payment of 1,700 U.S. dollars in service fees, and through the intermediary to pay 500 U.S. dollars to the local government service fees, and then in the local foreign banks to open a dollar account, you can get through the intermediary company's business license registration.。 It can be said that in addition to hang in there, the company even goes to the smuggling of arms brokering of heritage, and the local government are ignored.
Currently, in Victoria Beijing Islands registered company has two categories: one is the Law Zhucedengji An 1885's 居民 companies which state law requires reasonable and legitimate 经营 An Zhao. Another company, that is, enacted in 1984, the local "International Business Companies Act," established after the so-called "offshore company." In accordance with the provisions of the Act, foreign companies can form an offshore company registered in the island. After the registration of international business companies and agents should be nominally office set up on the island. Companies do not need to set up a large business groups, as long as the owner or manager can name only one person is simply a "mailbox company."。 At present, Hong Kong-listed more than 60 listed on the Mainland, there are more than 20 in the "tax havens", such as digital (0861.HK) is registered in Bermuda.
Second, related to money laundering avoidance. .
Since there are no foreign exchange control, confidentiality, financial transfers without any restrictions, "tax havens" has become an international money-laundering activities of local, once accused of being an international criminals refuge of money laundering. They are being "there won't be a rumor that plagues".
December 1, 2003, the British dependent territories in the Cayman Islands issued their ultimatum to comply with EU requirements Cayman entered into force in 2004, the European Union on New Year's new "Saving Tax Act." The new law seeks to break the secrecy of bank accounts, Swiss direct target of attack, while the Cayman is also Zhezhi passing stabbing spear. .
In fact, put aside such a criminal offence of money laundering, tax evasion through offshore companies has also been criticized by the States. Although there is a tradition of Central America and the Caribbean of the international business companies act of the international law, enterprises are also forgiven for reasonable tax avoidance, but because these havens are usually not and double taxation agreements, resulting in many countries, capital outflows and tax losses.
Tax haven countries are not the same awareness, the United States Tax Handbook lists 30 tax havens, the German list of 34 tax havens, Japan lists 39 lists 47 French.。.
In 2003, Virgin Islands, international pressure has revised the "International Business Companies Act." First, the system abolished bearer shares; second is that if the Government or the accounts of a company suspected of money laundering, where the Supreme Court issued a search warrant, the offshore company's information must be disclosed. But these professionals are analysts say this but yes the one kind of forced to put pressure and posture Bale, and the revisions Ye Shi Fen Gao: Qi Ye Zhi Xuyaogaiwei issuing registered shares, managed Guiding could be bypassed, Zhiyuzhanghu of information disclosure is a conditions, and because the issue of judicial effectiveness, in practice very difficult to operate, so this probability is very low. .
The United Nations Organization for economic cooperation and development in the 2000 report 35 havens of harmful tax competition has an ultimatum: give these tax havens 12 months to decide whether to cooperate with the Organization, and by the end of 2005 to cancel the harmful tax system. If you do not cooperate with the Organization, they will be subjected to sanctions by the international community.
Additional evidence has been sent to the google forum http://groups. . Google. .com / group / mryuanruhui please to download. .
Tax havens in the Cayman Islands suffered attacks by the double impact of China, Chinese companies were mixed. .
China business of 22 December 2003, freelance copywriter author: Guo Hongyu responsible editor: Lee.
December 1, 2003, the United Kingdom to the Cayman Islands issued an ultimatum to give up its provisions against the implementation of the EU Savings Directive's position to tie into effect on January 1 next year, the new savings tax law, thus opening a prelude to the European Union to combat offshore tax havens. .
A two-pronged tax amnesty "," the EU has sought to return the funds.
January 21, 2002, the EU adopted a new "savings tax law", the purpose is to remove bank secrecy, to ensure that the Government can Zijigongmin Europe's Cunkuan interest and investment income Huode appropriate the tax. As early as in 1989, the EU has already begun Geguo interest tax Jinhangxiediao, desire to achieve national bank information exchange, Shi De deposits Ren Liao Jie their home country Governments of interest income residents in the Hai Wai, Bing and so charge interest tax. .
The EU is trying to make was originally designed to give up the deposit in Switzerland the principle of confidentiality. However, because the Swiss have 1/3 global private savings, these deposits are mainly affected by Switzerland neutral position and the deposits attracted by the principle of confidentiality. Give up the principle of confidentiality, the inevitable result of the Swiss banking sector. Therefore, the differences between the two sides have not been resolved. EU another "tricks" is the main state return funds take lenient attitude. As early as in February this year the European Union on the adoption of the draft against capital outflows. . In response, on February 19, the German Council of Ministers adopted a draft new tax amnesty, provided from July 1 will begin to transfer funds abroad, as long as the German tax evaders to repay 25% of the interest tax, we can within a certain period of "black money" back to Germany without any penalty. Austria, Italy and Spain have also implemented a tax amnesty measures. .
The implementation of the new Act, within the EU banking haven and intermediary industry is a huge blow. While the EU's main haven is the biggest beneficiaries. A large number of international capital will flow to non-EU countries and regions, such as Hong Kong, China, Bahamas, Bermuda, etc..
The new EU savings tax bill important influence, also reflected in the inhibition on cross-border investment. To avoid the loss of national revenue, foreign income of its own citizens and foreign citizens of their own income tax, give the investor a double tax burden. The existence of tax avoidance region, to cross-border investors to avoid the double taxation avoidance provides a good conditions for international capital flows. The implementation of the EU tax bill to increase the area of transnational investors at the cost of tax avoidance, tax evasion reduces the attractiveness of the region, but also reduces the cross-border investors investment. .
Second, the impact of foreign investment inflows of foreign investment in China has.
The new EU savings tax bill will bring some of China's external economic shocks. The new tax bill savings coverage to include not only Luxembourg, Austria and Belgium, including the British Virgin Islands, British Cayman Islands. Free port from the avoidance of investment in China has an important role in the economy. From the quantitative point of view, the Virgin Islands, Cayman Islands Freeport has become second only to Asia, European Union, North America's fourth largest source of foreign capital region. Among them, the funds from the Virgin Islands in 2002 reached 6.15 billion U.S. dollars, ranking second in China's foreign origin. Funds from the Cayman Islands column eighth of foreign capital in China. .
Some large businesses and the tax free inextricably linked in the face of the EU area free of interest rates rising, these companies have to their global strategies to adjust.
Regardless of the initial capital of these companies come from abroad and domestic, to adjust its investment strategy will lower the investment needs of our country, and trigger a chain reaction. Of course, depends on how much foreign investment in China's investment environment, international capital can also be other tax areas to transit investment in China. The new tax bill, the most direct response is to reduce these areas to attract capital, causing the transfer of transnational capital. .
Within a short period of time, the most likely reaction can only be a number of multinational companies from the former to gradually withdraw from capital investment, and the China external funding some from these areas. Therefore, in the short term, the net financial flows to China will be reduced accordingly.
The new EU savings tax bill to be implemented, will affect China's foreign investment. China's foreign-invested enterprises, the majority of trade processing, the product can enter the low-end market, mostly. In our company's global investment strategy, the cost is a very important factor. How legitimate tax savings to reduce the corporate tax burden has become the strategy of foreign investment enterprises in China the most important issue. For this reason, some Chinese enterprises to take to free port for the transit mode of investment to achieve the purpose of avoiding tax. If registered in the Cayman Islands, such as Digital China. .
The EU's new savings tax bills, to these enterprises to bring the dual impact. The first effect is that the interest tax constituted by the enterprise cost. High interest tax will give the EU area registered high costs, so that the enterprise's investment declining profitability. In addition to our corporate foreign exchange financing capability has been low, enterprise mobility is more difficult to ensure that the EU area of enterprises will face greater financial risk management,.
The second effect is the return of capital competition. EU capital return, making the number of EU countries increased domestic capital, the EU intensified competition in domestic investment. The Chinese enterprises still remain in small, technologically backward stage, cost is an important competitive advantage. Return of capital to the European Union, makes the EU domestic interest rates decline in cost of capital for EU companies also will drop, therefore, the cost of Chinese enterprises business advantage will face off strong challenges, profitability will decline. .
Since most of the developed and developing countries have signed agreements on investment incentives, the EU countries have always been strong in our corporate competitors. EU capital return, so that EU enterprises in competitive disadvantage, for Chinese enterprises have left a large space for development, which is gratifying.
Please read the google blog details http://dryuanruhui. . Blogspot. . Com /. .
Havens Cayman secrecy surrounding the investigation, exaggerating 2004 01 05 financial times reporter Sue Ryder.
Cayman's status as an offshore registration is still difficult to shake the short term, international investment banks and professional registered agent company does not look empty Cayman. .
When near the end of 2003, as a tiny place in Central America and the Caribbean-Cayman Islands a clique of change that is going to affect many Hong Kong capital market gold mainland enterprises of nerve.
Be regarded as tax havens, an international offshore financial center renowned Cayman (CAYMAN) Islands, is being "good time" stories troubled Work - December 1, 2003, the British dependent territories in the Cayman Islands issued its final Ultimatum to require compliance with the EU Cayman into effect in 2004, the European Union on New Year's new "Saving Tax Act." The new law seeks to break the secrecy of bank accounts, Swiss direct target of attack. Swiss bank accounts of the most rigorous information security system, absorbing the rich world's largest deposits. The Cayman also been Zhezhi spear stabbed in passing. .
This consists of three small islands, located in the Caribbean Sea to the South of Cuba, the British colonies along the main business and financial services business and is committed to the expansion of offshore services. Like all of the tax havens, Cayman land is small, the lack of natural resources, weak economic foundation and, therefore, is to develop the necessary financial services regulation to attract foreign investment.
However, after the 9.11 incident, including the Seychelles, Panama, Bermuda and other tax havens and Swiss have once been accused of an international criminal money laundering havens. .
Many people worry that the Cayman difficult to continue with the EU, the fight lasted for many years account secrecy and offshore company registration system press alarm: local registered companies are collectively move.
However, the "Financial Times" survey showed that: The most exaggerated rumors of its offshore status of registration is still difficult to shake the short term, international investment banks and professional registered agent company does not look empty Cayman. .
The advantages of a, Cayman.
"We are still bullish on the Cayman." Almost all those interviewed investment banks, international lawyers, professional offshore company registration agent have said so. .
In recent years, due to the large number of private enterprises in China mainland and overseas investment and time to market, offshore companies registered overseas (registered with the companies segregation) is no longer mysterious. Shenzhen wise see investment consulting co., Ltd. is a specialized agency overseas disembark company registers of the company, headquartered in Hong Kong. The company's who say their business as a whole is not affected. Cayman future policy towards the existence of a certain degree of uncertainty, especially value the privacy of customers, who will advise on Cayman registered outside. . .
Cayman banking ranking fifth place. In the past two years, the Cayman has not revised its regulations, because it will certainly attract deposits to your local bank, which in turn caused severe impact on government revenue.
Shanghai Hao Hua Yuan monsoon attorney law firm has been engaged in substantive business operations overseas financing. He pointed out that in the Cayman to open bank accounts and offshore companies registered in Cayman are two different things, not necessarily linked. Even if the offshore company registered in the Cayman engaged in international trade, enterprises and individuals do not necessarily need a local bank in the Cayman to open a bank account, which can be used and commission payment commission payment way. In short for those who offshore companies registered in Cayman's businesses and individuals, they almost always have a way to avoid opening an account in the local. .
Yuanjiyu lawyers said that the selection in the Cayman Islands offshore company, mainly European and American companies and individuals, the Chinese mainland enterprises and individuals usually choose Virgin Islands (BVI), except for directly listed in Hong Kong, the Cayman offshore company. Because there was accepted as the only listed company registered in four areas: Hong Kong, mainland China, the Cayman Islands and Bermuda. While the Cayman and Bermuda since registration is simple, easily administered, tax exemptions and other advantages, it has attracted many Chinese companies in the local registration of offshore companies.
Second, the war tax havens. .
Since 2000, the Virgin Islands began to walk into the Chinese people's sight, and a trip to one of the most commonly spoken.
The Cayman, Bermuda, the Marshall Islands, Seychelles, Panama ... ... and so on, about the world more than 30 tax havens. Common feature of these areas: regional political, economic, and social stability, legal system is intact; 无需 pay Dang rent, register to pay a Zhuce Fei Zhi Hou Meinianjiaona fee can be certain of the Nian; Gongsi for capital increase and share expansion and Asset Transfer restructuring, mergers and acquisitions, capital operation are very simple. .
Behind the Cayman waters, is a series of political and economic factors. As a renowned international offshore financial centres, since there are no foreign exchange control, confidentiality, financial transfers without any restrictions, so it has become the international money-laundering activities, the most prevalent. According to statistics, each year approximately 5000 billion to 1.5 trillion after laundering facelift, "9 · 11" incident, some people accused them of being terrorists do.
In fact, all of the tax havens are under pressure. Set aside the criminal offense of money laundering, said the tax evasion through offshore companies also has been criticized by various countries. Although the traditional Central American Caribbean, "International Business Companies Act," this international law as a support, business tax avoidance are understandable and reasonable. However, because of these tax havens in other countries usually do not enter into any double taxation agreements, which led to many countries, capital flight and tax losses. "We also know that with the relevant national regulations, there is conflict, the tax liability from the perspective of citizens, some practice is illegal." Engage in offshore company registration agent, a person said. .
In mid-2003, the Virgin Islands due to international pressure has modified its 1984 has been implemented by the international business companies act. Due to the enjoyment of a high degree of autonomy, the Virgin Islands have become the world's most popular offshore incorporation. It only 153 km2 of area, the equivalent of Hong Kong (1102 km) of about 1/7, it brings together nearly 40 million companies in this register, which come from China more than ten thousand.
Virgin Islands, made two major changes: First, the system will be abolished bearer shares, bearer shares must be kept by the custodian focus, the company must be the ultimate beneficiary of the information available to local government; second is that a company if the Government or accounts suspected of money laundering, where the Supreme Court issued a search warrant, the offshore company's information must be disclosed. .
Professional analysis said that this is due to the pressure put on a gesture, changes are also very clever: Enterprise only needs to be replaced by the issuance of a stock can bypass the managed account, as regards information to the public is conditional, and the effectiveness of the judiciary, in practice it is very difficult to do, this probability is very low.
By the EU's new "Saving Tax Law" spearhead of the attack, Switzerland, said its banking system can make some changes, but the compromise is very limited. Switzerland's program is committed to reunification with the European Union cross-border interest tax levy, the Swiss will come from other EU countries and regions of interest withholding tax deposits, but the bank account information is still confidential and not other EU countries or regions said. This concession, the EU is not recognized, the two sides are still deadlocked. .
"Speculating countermeasures", Cayman's is not only one way.
The Cayman storm, Yuan monsoon counsel, the reason why the media has such a shock, because such signs convey a signal: that the policy in the Cayman may make further adjustments, this uncertainty so that people misgivings. However, in principle, that is not necessarily bound to increase the registered offshore companies costs and expenses, unless the Cayman Government Yin Wei banks lost interest too Ertiao Gao Fang Mian offshore company charges, Danshi to face its rival and Bermuda I am afraid to increase the fees and charges are concerned. .
3. proximity to mainland companies.
Cayman approved by the Hong Kong Stock Exchange listing in Hong Kong, one of the two foreign registration, the prestige greatly enhanced. This is why the Cayman is far higher than the fees Virgin Islands and other places (see fee chart), and more strict, but also attractive. According to reports, because of this factor, the Cayman source of foreign capital in China's ranking may be higher than previously announced a sharp rise in the first eight. .
At present, Hong Kong-listed more than 60 listed on the Mainland, there are more than 20 is registered in the Cayman, Bermuda, such as digital (0861.HK) is registered in Bermuda.
Current offshore companies registered in Cayman (Cayman company known as tax exemption) policy is: one person can register a limited liability company, the shareholders need only one person; company had equity holders need to have registered agent companies to disclose; convene an annual Board meetings are usually appointed to act, required to submit annual reports. Although the two policies behind the strict, but because of all the Hong Kong Stock Exchange (Main Board or GEM) listed companies, the prospectus and the subsequent disclosure of financial statements requires disclosure of the ultimate equity holders, if the shareholder is a natural person is required to disclose to natural persons. Therefore, the Cayman does not make the provisions of the confidentiality of investors have the additional losses. .
"Now, the new year's day after the affected only those in Cayman opened bank accounts of the enterprise, this assumes that the Cayman surrendered to the EU. ”。.
"Customers will not usually change the registration of the plan at the two locations, for many clients, these changes may be not very important." He added. .
Supplementary proofs has been routed to the google forums http://groups. .google. .com/group/dryuanruhui please download themselves.
Domestic red chip companies "legitimate tax" path-overseas offshore company.
In early 2003, one on the BVI (British Virgin Islands, also known as the Virgin Islands), the news alarmed a number of listed companies at home and abroad. Sources said that since 2003, BVI registered company will be on the island and major changes in tax policy. "In fact, little change is a false alarm." Hong Kong, the manager of the Pan American International, said Guo. Pan American International, the British Virgin Islands, the largest in the United States and Hong Kong, the local registration management company, I am responsible for Guo mainland companies registered in BVI offshore company's various issues. .
According to the Pan American international company statistics, global registration of offshore company with more than 70 million businesses, of which more than half a million registered in the BVI offshore companies registered in 80%-90% are registered to the BVI. 50 000 BVI companies, about 15 to 20 million homes and Chinese enterprises.
Offshore company, in English called "Off shore Company", specifically refers to such as the British Virgin Islands, Cayman Islands (Cayman), Bermuda (Bermuda), etc. according to the local "Company Law" established companies. They need this completed the registration formalities, but are actually engaged in commercial activities elsewhere. .
Guo Wei said, the new rule changes mainly two: first, the issuance of bearer shares will be placed in the depositories, the cost will be introduced in the near future hosting.
In the BVI the local, only shareholders of record of the transfer of shares change occurs, the stock is still custodian. In the BVI can issue two kinds of shares, registered shares and bearer shares. The original bearer shares great freedom, but there are risks, after lost original shareholders no evidence to prove that they are shareholders. .
Another change is the degree of freedom of information. The new rule provides that, in connection with a criminal offence (mainly refers to money laundering), the Supreme Court to issue a search warrant, a BVI company's shareholder information must be disclosed. After the events of 11 September in the United States, more than one registration of offshore companies in the region, including the Bahamas, Bermuda, the Cayman Islands and other areas are tightening up of the companies Act, to combat the global money laundering activities, calls for increased transparency.
"BVI is part of the modified light, BVI government to do very clearly, only modify the rules of bearer shares, even if companies are not willing to pay more for hosting fees, you can modify the articles of association to issue bearer shares. BVI left a lot of space for the company to choose, different options have different costs, BVI Government's approach is very market oriented. Gaibianzhihou for illegal purposes has limitations, but the use of legitimate little impact, unlike some local changes, illegal practices are legitimate no longer applicable, affected the market. you know, there is competition between these oases of. "Guo familiar with the operation of the BVI. .
Access to information pursuant to the stock exchange of Hong Kong, Hong Kong 67 home red chips listed, there are more than 20 registered in Bermuda (Bermuda), Cayman (Cayman), including many well-known enterprises to the Mainland, such as digital (0861. .hk), and the remaining 30 are chosen Hong Kong registered locally.
"Generally speaking, mainland enterprises registered offshore company has four purposes: First, prepare listing in Hong Kong; Second, as a springboard for investment; 3 is a registered Holding (holding company), to facilitate the operation of capital; 4 is designed to legitimate tax avoidance scheme . Sometimes a company registered offshore company with both the above four aims, the various objectives are not entirely fragmented. and Bermuda, the Cayman Islands than in the BVI offshore company registration easier, only shareholders and directors of each one name can be registered over two days, and low cost. "Guo well aware of the offshore intermediary business registration. .
In Bermuda, the Cayman Islands companies registered in Luxembourg, Dublin, Vancouver and Hong Kong for listing and BVI incorporated companies because the requirements are simple, low transparency is basically a listing of any region.
Lehman Brothers (Lehman Brother) Hong Kong investment banking division of a people who introduced the Hong Kong Stock Exchange, usually need to register two foreign companies. In the Cayman Islands or Bermuda, a registered holding company, it shall be a listed company "prototype." .
Used Cayman company acquires industry, direct listing could have, but as a rule of thumb often in domestic industries and Cayman company with a BVI company. In the process of restructuring, the BVI companies as foreign investment purchase of Chinese enterprises of the holding of domestic enterprises, and the Cayman company 100% owned BVI company, such as the Cayman company "future business" offers greater flexibility. If there are listed for each new business, you can consider the Cayman company under a separate BVI companies, engaged in various business companies are independent and will not tie each other.
This arrangement is very common in overseas listed companies structure transactions to accept. "The BVI registered with other types of companies than the more widely used. BVI to allow a natural person, legal person shareholders or directors to play, free space large, more companies will choose to sign up Holding (holding company)," Guo stressed. .
"Tax cuts" secrets, Guo Wei, the BVI is not the havens, tax cuts, "lawfully".
Currently, the global offshore oases are mainly distributed in three regions: the Atlantic Ocean near the North and South America and the Caribbean, Europe, the Far East and Oceania. They have in common is the same for the small countries and regions, there is still a colony of colonial history or the present, natural resource scarcity, weak economic foundation; create a relaxed tax environment, enhancement, financial services, to build a "tax havens" as Xi Yin investment, enhance the competitiveness of these areas, the only way out. .
26 June 2000, the OECD has released a report entitled the identification and elimination of harmful tax practices report process, 35 countries and regions included in the blacklist of tax havens: British Virgin Islands, Greenwood, glutinous Islands, Panama, Tonga, and so on. This list is based on the judging criteria are: the regional or national effective tax rate of zero or zero-tax; lack of effective information exchange; lack of transparency; there is no substantive business activities. However, the report view is clearly not been a large number of multinational enterprises. . The past 20 years, offshore companies in Hong Kong began to accept, according to the business that took over two years, it is obvious the feeling is that the Chinese mainland to the offshore company's increasingly high degree of recognition. "Further, said Guo..
At the beginning of 2001, the OECD has issued a public notice, the British Virgin Islands from "blacklist". BVI corporate tax law in the BVI companies and equity between BVI company is completely free, and in addition can only be described as taxes. BVI company also can receive tax benefits beyond, for example, contribute to the development of the company's cross-border business, you can bypass the export quota restrictions, tariff, to avoid the strict government control of the Exchange, guaranteeing the company's highly confidential information, etc..
As an intermediary, the Hong Kong Inter-American international companies generally do not direct contact with customers. Basically, customers are by accountants and lawyers to complete the financial plan, submitted by the accountant to the company alone, the company is only suitable for registration, the registered agent and the firm has signed a confidentiality agreement. Once the business is really a problem, the criminal investigation by the local High Court, then first of all inform the registered agent, then notice by the Company to accounting firms, the accounting firm notified the company and submitted to the company details. .
Guo Wei said, the company is a separate operation, contact the single-track strictly confidential mechanism.
"For some economic and legal transition Jieduan the markets, carried out right through offshore Gongsi these markets, Ye Wu, equivalent to the entire enterprise Group establishes a Baohu the barrier. Muqian many many companies, including foreign Baokuo Taiwan Dao Neide investment, the basic will select Bypass these 'offshore oasis'. "Guo said. .
China's Ministry of statistics, in January 2002 and October China foreign investment accumulated 447.21 billion, according to the actual amount of foreign investment in China with the top ten countries and regions, the British Virgin Islands and the Cayman Islands, 2 000 and 5 000.
Please read the google blog details http://pryuanruhui. . Blogspot. . Com /. .
Foreign enterprises, tax evasion, tax avoidance 1270 hunt losses of foreign origin ChinaItLab author: Cheng Ruihua 2006-3-15.
Wang Li, deputy director of the State Administration of Taxation has said that this year should strive to achieve new breakthroughs in anti-avoidance of work, with emphasis on the audit of large tax avoidance. Therefore, "anti-tax avoidance" work more and more government attention. .
Then, the foreign company, the amount of tax avoidance. well-known data is 300 billion. While this figure is only imperfect estimate of the Crown. In fact, according to some local tax officials in China's estimates, this number may be up to 127 billion.
Right now, around the most keen to develop economic investment, a large number of foreign-funded enterprises came into being. Information shows that the last two years, the actual utilization of foreign direct investment in China are more than 50 billion U.S. dollars, China has become the world's largest foreign direct investment (FDI) flows to one of the countries. .
However, a large number of foreign companies operating status and related information, shows that the number of enterprises with foreign investment losses reached an average of 51 per cent to 55 per cent. Even more baffling is that these foreign loss regardless of vacant, then the loss of one additional investment. Foreign enterprise "real earnings were loss puzzle" behind the secret is the so-called reasonable tax avoidance.
The so-called corporate tax avoidance is to maximize profits and tax minimization, to study the differences between the tax laws, planning individual or group within the financial tax saving schemes to avoid tax. Tax avoidance in violation of legislative intent, contrary to the Government's fiscal policy-oriented, not only would damage the national tax base, resulting in tax losses to reduce revenue, but also affect the normal flow of capital and undermine fair competition in the economic environment, however, tax avoidance is not illegal, the law is said there is a reasonable tax avoidance. For this reason, many foreign patients take a variety of strokes to achieve a reasonable tax avoidance purposes. .
From Beijing to rent inspection branch of the data suggests: checked in more than 80 per cent of foreign enterprises have violations, including foreign tax violations is mainly concentrated in the personal income tax, business tax and urban real estate tax and other taxes. It has also been a member of the Beijing municipal officials revealed that "tax havens" has become in Beijing foreign staff's general behavior. In Beijing, the work of a French company, Mr. Zhang, monthly $ 7000, French company pays $ 3500, the Beijing Municipal Foreign Service Corporation to pay $ 3500, his personal income tax base thus significantly reducing tax per month is less than $ 500, but this figure should be at least $ 700. . .
The means of transfer pricing tax avoidance.
One high-low prices. This approach of "two out" business is particularly effective: the high price of imported raw materials, finished products exports with low prices, so the processing in the country tends to zero or even loss of business profits. In fact corporate profits has been transferred to the outside went. .
The second is the use of purchase and sale of fixed assets between related enterprises and leasing tax avoidance. For example, a device or fixed elevation: prices, production costs, unreliability; technology transfer price is hidden in the price of the imported equipment from technology fee withholding tax; high-priced rental property overseas associated companies will profit by leasing fees transferred.
The profits of foreign capital not only to evade the sales tax, VAT and income tax, directly reduce the country's tax revenues, but also in effect allowed to crowd out the legitimate capital of China joint venture income, resulting in unfair competition among enterprises. As the transfer of profits for foreign businesses to invest in loss of illusion, the book can easily create false foreign losses and low profits, return on investment, affecting the innocent enthusiasm of foreign investment in China, which runs counter to China to attract foreign investment The original intention. .
A direct consequence of the tax is the tax impact of national interests, direct state tax revenues, this all around the world. The United States is the oldest national anti avoidance, as early as in the "war" period, has already begun the anti-avoidance legislation. After decades of continuous improvement, at present has formed a relatively sound anti-tax law system. America, enterprise tax (income), net of $ 500 million, with the exception of a few calls, up to 20 per cent to 40 per cent of the penalty; on the business from the tax havens, in other parts of the business tax provisions, etc. Moreover, in the 11 million federal tax officials, hundreds of people dedicated to anti-avoidance work. . .
The Chinese tax authorities in the fight against tax avoidance issues increasingly proactive attitude. Despite the difficulties, but the State is still in a variety of measures to intensify the anti-tax, and strive to safeguard national interests, combat the phenomenon of foreign tax avoidance.
First, increase the intensity of transfer pricing audit. Since 2005, the State Administration of Taxation has taken over the transfer pricing audits, advance pricing on sign placed on file, closing is required for approval of measures to effectively mobilize the enthusiasm of work to improve the quality of anti-tax avoidance and efficiency. In 2005, the amount of over 10 million yuan Tiaozheng tax premium of enterprises have more substantial Zeng Jia, the audit process in the operation of normative, 技术 different contents 程度 improved commensurately. .
Second, a positive care for bilateral APA work. Since the success of the first half of 2005 and signed my first bilateral APA, investment in China's enterprises have also indicated that bilateral APA's wishes. At present, there are 6 cases bilateral APA on check in. Unilateral APA on the check has reached more than 130.
Not long ago, the State Administration of Taxation issued the "State Administration of Taxation on Further Strengthening the Work of anti-tax avoidance", which "international cooperation", "Tax", "international tax administration" and was shocked to be emphasis for foreign-funded enterprises anti-avoidance has become the most important task this year, the National Tax Administration. A large number of foreign long-term loss for the phenomenon, the notice made clear that the tax authorities will focus on review of long-term losses, small profit but in the expanding scale of business and profit-making enterprises jumping, aimed against the "loss" foreign. .
Supplementary proofs has been routed to the google forums http://groups. .google. .com/group/pryuanruhui please download themselves.
Supplementary proofs has been routed to the global online community blog http://cblog. .com .cn .chinadaily../port/yuanruhui please download themselves.
Revealed inside story of China's capital flight path 2005-02-10 offshore financial centers Past and Present. .
For years the country capital flight bad behavior growing trend, China is a storm brewing. In early August 2004, the people's Bank of China, the State administration of foreign exchange, banking and securities such as four financial regulators proposed thematic working groups, research and curb capital malignant "interim" flight of the specific measures, or those who continue to adopt offshore financial centers of the capital of illegal flight China enterprises or individuals, their attempts to become difficult to succeed. . .
1. offshore financial centres present.
Offshore financial markets (off-shore market), also known as "offshore market" (external market), refers to operators of non-resident (ie foreign lenders, investors and foreign borrowers) financing business between the markets, with business people and non-resident offshore financial business in the financial markets relatively. .
As a motivation to avoid control and information technology products, offshore financial markets from the advent of capital flight and up close, it can be based on the business operation and management is divided into three categories: internal and external mixing type, inside and outside of separable and tax havens-type.
1, the internal and external mixed offshore financial center, offshore financial business and domestic financial services are not isolated, a high degree of liberalization of capital flows. Mixed within and outside the offshore financial centers are usually shape naturally, its Dianxing as London, Hong Kong, the former in the long several hundred years has been living in the world capital market center, which Ze long-term as Chinese asset management center 历史. .
2, in the internal and external separation of offshore financial centers, offshore banking and financial services, regulatory authorities given to non-residents tax incentives for foreign capital inflows without internal tax regime, interest rate and deposit system, but a non-resident transactions must be isolated with domestic account strictly prohibit non-resident in offshore and domestic business. Internal and external separation of offshore financial centres are generally the host Government specifically for the non-resident dealer who is creating, and its typical for Singapore, New York, Bahrain, Tokyo, Labuan (Malaysia), Bangkok, etc..
. One British Virgin Islands is the world's largest offshore company registered in one of its offshore financial services industry since 1984, has been developing rapidly since the re-start. .
4, according to a British Economist Intelligence Organization (Economist Intelligence Unit), the end of 2001, the British Virgin Islands-registered total of international business companies reached 470029, of which only 2001 year new registrations 50234, financial and business services to create the island 2001 49.6 per cent of GDP. . The object to be discussed in this paper, mainly tax havens offshore financial center type, and mainly the Caribbean offshore financial centers. .
Second, off-shore financial centres are becoming popular in the enterprise.
As the offshore financial centers (in particular tax haven-based offshore financial centers) Statistical data and company information, opaque, how many of these areas related to China's offshore company, so far no unified, generally accepted statistics, different sources data differ. .
According to article 7, 2002 issue of the new financial magazine survey, 10641 registered in Caribbean offshore financial centres of enterprise and the Chinese mainland, these regions average daily register a Chinese concept of the company. According to Hong Yin Cheng International Corporation (Insinger & Beaufort) statistics, as of early 2003, more than half a million home in the British Virgin Islands-registered businesses, some nearly 20 million enterprises are concerned with China. . As of early 2003, 67 red chips listed in Hong Kong companies in more than 20 registered in Bermuda, the Cayman. With the Chinese enterprises in Hong Kong, United States, Singapore and other regions have listed the boom, the Cayman Islands, the Virgin, Bermuda ... ... these small islands had less well-known Chinese enterprises become the cradle of registered offshore companies. Among them, Digital China (0861) and other famous enterprises. In fact, the owners of these companies may not be a lifetime to the company's registered to. So what kind of driving force for driving a large number of companies rush, rush into these tax havens offshore financial center which type? . .
(A) from the supply-side, Caribbean offshore financial centres have extremely favourable operating conditions and extremely relaxed regulatory environment, making it a rare.
First of all, there is no foreign exchange controls in the region, in which international business companies registered in the transfer of funds without restrictions, exchange controls this country for businesses, the equivalent of free capital of paradise. .
Secondly, because the British Virgin Islands, Cayman, Bermuda and is part of the autonomy of a British colony, its company law in the United Kingdom, on the basis of the commercial companies law, international commercial practice it is often necessary to fulfil the common law of overseas companies attractive.
Third, liberal legal environment in the region, little information disclosure requirements that the confidentiality provision of relatively strict, so that listed companies have the full protection of their own security, greatly reduce the various risk factors. Repeatedly to prevent local courts and even banks to foreign courts, the Government of customer information, and the actual control of the enterprise to provide a good cover conditions. .
Fourth, the area of taxes, and almost all of the minor in the Caribbean, off-shore financial centres and major economic powers have signed treaties for the avoidance of double taxation.
Fifth, the offshore company registration procedures to facilitate the maintenance costs low. A professional organization to complete the registration agent, do not register in person to the place of registration to operate, you can register online; registration period is very short, usually can be completed the same day, in Western Samoa, international business companies registered in a hours to complete, its name can be approved within 5 minutes. Some law firms and other agencies or similar assembly line approach "to create" various "specifications" of the registered international business companies, for customers to choose and order. International business companies registered in Barbados only pay an initial license fee of 10 dollars, also to pay 100 U.S. dollars per year.。.
Finally, the offshore company management is simple, do not hold a shareholder meeting and board of directors each year, even meetings and their locations can be arbitrary choice, greater freedom. Many offshore financial center for international business company is no minimum capital requirement. Nevis offshore companies as the shareholders, directors and officers can be any citizens of the country, and live Zai any Defang, shareholders and directors meetings may Bu consistent action on Caiqu, the company's Dangan and principal place of business can be located anywhere. .
(Ii) from the demand side, a large number of domestic enterprises in offshore financial centres, and then on the Mainland, to carry out operations (including the well-known enterprises), also comes from a wide range of purposes.
1, eliminating bad assets. .
. .
2, curved, overseas listing.
Cross-border listing of companies since the 20th century, the International Securities Market 90 a prominent feature, the Chinese mainland enterprises, overseas listing more attractive to many. Over the years, my Government direct overseas listing of Chinese enterprises in raising funds and listing the use of very strict requirements. .
First is the size threshold requirements, market participants to call it "456 Ordinance": "4," namely, the net assets of the enterprise must reach 4 billion yuan, "5" is a listing of the total amount of us $ 50 million or more, "6," namely, listing those profit after tax must be more than 6000 million.
Followed by the uncertainty of "Chinese law no objection letter" requirement, that is, after 2000, overseas-listed Chinese mainland enterprises to be submitted to China Securities Regulatory Commission and the Council made no objection letter to Chinese law. .
The third is listed on the application requirements, the collection of funds registered overseas on the market which must be transferred back to the Mainland. In addition, there are still some private enterprises with additional restrictions. This greatly improves the Mainland enterprises to overseas listing of difficulty, for small and medium-sized enterprises, especially private enterprises.
Inevitable birth of this strict regulations to avoid sex. In view of Bermuda, Cayman, British Virgin Islands is a Nasdaq listed company's legal registration, and the Hong Kong Stock Exchange in July 1992 promulgated the "GEM Listing Rules" the first will be Bermuda, Cayman Islands including offshore financial centers such as olive into the GEM listed companies within the legal registration of land, to "create shell listed" strategy (that is to be listed on overseas stock market or allow the country where the establishment of a Chinese company's holding company, and then to apply for listing the name of holding company) to be regarded as a circumvention of the size threshold requirements and the "no-objection letter to Chinese law," required option.。.
3, Venture Capital, "a soft rustic treasure." .
Although the Cayman, Bermuda, Virgin, the unknown Island entered the Chinese perspective from Chinese enterprises listed overseas. But in these islands registered more than l million and China-related business, in fact, only a small part of this aim. An intermediary who believes that currently many accept overseas venture capital investment in high-tech enterprises is the real offshore registered Corps force.
Produce to the overseas market with the idea that after the registration of offshore companies set than many foreign investors attracted to high-tech venture capital companies seem more prescient, the company registration of the start-up are generally in Cayman, Bermuda, the Virgin . A manager of high-tech enterprises in Zhongguancun that domestic policies to circumvent the restrictions to the general foreign investment in Fengxian indirect investment in overseas offshore company in Jieru Chinese venture capital market, thereby facilitating a smooth exit Hou investment to achieve added value. As a business enterprise, of course, with the investor to achieve a win-win objective.。 In the face of the economic, legal, are in the transition period in China, through an indirect investment in the form of offshore companies, offshore venture capital for counterfeits a swords and difficult to "soft" indecent armor.
Venture listing is the best form of venture capital exit. As China's capital market imperfections, domestic being the case, it would only pass the overseas venture capital market in order to ensure safe return, thus, the problem back to the original article - venture capital firms and investment companies are also aware of the Cayman, Bermuda, the Virgin of these islands lies its charm. First entered China in 1992 venture capital market, IDG International Data Group, for example, the success of its overseas investment have listed, is achieved through offshore companies registered overseas listing of the typical curve. .
The investment shareholding agreement transfer is risk capital withdrawal of another important means. If the venture is overseas offshore companies registered in the shareholders to transfer their shares or the withdrawal of venture capital and change in the ownership structure, the internal approval process so that the transfer of formalities and procedures have been simplified. But if the direct investment enterprise is registered in China, in accordance with the relevant provisions, their stock transfer must be reported to the approval authority for approval (approval agency approval is also required to seek the consent of the Ministry of science and technology), and then to the State administration for industry and Commerce Department to handle formalities. Complex procedures, long wait, could lead to the approval of the enterprise after the market had already missed opportunity. . .
4. domestic capital curve obtained with foreign investors the same treatment.
Foreign-funded treatment is better than 80 since the 20th century, a common phenomenon in developing countries. China offers to foreign investors typically include low taxes, low price of land and basic services, relaxing restrictions on approval of the more liberal foreign exchange control requirements and so on. In the tax rate, foreign-funded enterprise income tax rate of Chinese ceiling of 33%, while Chinese-funded enterprise income tax rate until 1993, from 55% to 33%. Although the majority of domestic enterprises and foreign enterprises income tax rate on behalf of unity, but because of tax exemptions vary widely, on the whole, the actual tax burden on domestic enterprises about twice the foreign-funded enterprises.。 In the investment approval threshold, the provisions of the State Planning Commission in the 1990s iron and steel industry for more than 2 billion investments must be made through the development and approval, but the joint project of investment must be submitted for approval to the lower limit is $ 3000 (in accordance with the prevailing official rate 2.47 billion RMB), certain joint-venture projects can be relaxing to 5000 million (approximately 4.24 billion RMB). In the foreign exchange control, foreign-funded enterprises must borrow through complex approval process, and foreign-funded enterprises loan debt does not require approval. . .
5. hide the actual control.
Domestic companies are registered in a number of offshore financial centers over the "shell" companies in the domestic assets into foreign "shell" companies in the process of controlling relations crisscross, asset replacement are complicated and confusing, plus the avoidance-based offshore financial center information disclosure requirements very loose, on the offshore company's business, assets, liabilities, shareholders and directors Goucheng Deng Qing Kuang condition of confidentiality by the Jiyu's Liang Hao, Jin Xing related not only benefit business transactions, but also makes people deliberately Mohu Neibu ownership of the company Zhenshichanquan intended to be realized. Market participants called "The more complex the more security" is the intention. .
6. legal avoidance.
So far more than China's foreign-invested enterprises are overseas processing trade enterprises, the competitiveness of products mainly from the pricing strategy, therefore, in our company's global investment strategy, the importance of high cost factors. Accordingly, the legal tax savings to reduce the corporate tax burden has become an overseas investment policy China's enterprises the most important issue. Set up offshore companies to help reduce the amount of global taxes, the advantages granted to arouse the concern of Chinese enterprises and make full use. .
For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui
BVI offshore tax havens create a shortcut shell curve of listed China Business News Special Report. .
According to the Hong Kong stock exchange disclosure, 67 home red chips listed, there are more than 20 registered in Bermuda (Bermuda), Cayman (Cayman), including many well-known enterprises to the Mainland, such as digital (0861.HK), etc. According to incomplete statistics, select the Cayman, Bermuda as registered in Hong Kong gem much larger than in mainland China and Hong Kong registered company. But according to the China Hong Kong gem, mainland China, Hong Kong, Bermuda, the Cayman Islands is a company in Hong Kong gem legitimate place of registration. . .
Beijing 2009：King Securities Counsel, "Tang dynasty enterprises choose domestic or overseas stock markets is the Enterprise Act, both listing ways have their advantages and disadvantages. ”。.
First, create shell analysis. .
Outside the building shell market refers to that Corporation outside Bermuda, Cayman Islands, Cook Islands, British Virgin Islands, a registered company (or acquisition of local companies already exists) to holdings in the territory of assets in the territory of the establishment of the appropriate foreign holding companies, and the corresponding proportion of the interest and profits incorporate offshore companies to achieve the purpose of the listing.
Shell made the listing operation time is short, simple procedure. Because it is not publicly released, only to get a company's equity and control, and then inject their assets into the asset market can achieve the purpose. From the procedure is relatively easy, but also in its foreign exchange and financial arrangements outside are better than domestic. Listed overseas companies can raise awareness, overseas "shell" companies in Mainland China can control the company, investors can understand the domestic companies shell company, shell company to act as a "window and a bridge."。.
Second, the cost ratio. .
Compared with overseas stock markets, in the domestic market also has its advantages: for a limited or AG, first of all, it's shareholders understand Chinese law, the legal environment; at present, China's legal supervision so big, so the company's relatively large degree of freedom. Secondly, the company and the relevant regulatory authorities communication facilitate, in the culture and language have an advantage. Finally, for listed companies, domestic price-earnings ratio (P/E) ratio of overseas. The higher the p/e ratio is high, the price, the company raised funds. "From these areas, in the domestic market of low-cost than abroad," Tang to counsel.
The cost of listing on the company, Viking Headquarters Group, a market manager for Overseas and Tang lawyers contrary view. In his view, the dominant domestic market lower cost than outside, but can not ignore the country's "hidden costs." Overall, the cost of the domestic market higher than the overseas listing. .
Dominant cost: overseas listing of agency costs than domestic listing. For example, Hong Kong-listed, you need two sets of intermediaries. In accordance with the regulations, require at least one sponsor; the company's outside counsel to one of the underwriters of a foreign lawyer; the company's internal and external accountants one; one outside appraiser (if included in the territory of the State-owned unit of the appraiser also needed).
Hidden costs:. .
First of all, the cost of public relations. Internally, all to listed companies to the OECD Committee for approval before they can be listed. Therefore, the Enterprise prior to listing appears in the Commission's former "wildly popular" preparations for the listing of cases, the enterprise will produce a lot of the "public relations fees." But outside the country does not appear in this case, the enterprise is the ultimate listing Exchange review.
Second, the time cost. The time cost of the domestic market is relatively high. For enterprise market, our policy is a "channel" system, only a few public places each year. A company listed in the territory of sometimes several years. However, outside of the conditions listed companies can be listed once mature, will not be "queue" situation. .
In addition, our legislation to take "paid-in capital" if enterprises want to register a 50 million of the company, then you must be a registered capital of 50 million. In this case, the setting up of a limited or AG company is difficult; according to the China of the company law provisions, the establishment of joint-stock companies in addition to a strong capital amount to the adoption of national strict approval system. As a result of domestic enterprises listing program, the review of the listing, the listing of the company is preparing for a material to put more effort and time, this is also a cost. "Many overseas companies on the market after the flight in the domestic market, as the interchange in the overseas going on the market on A return to the country. . . ".
Third, the obvious advantages.
Overseas listed companies more attractive to investors. Enterprises listed overseas to raise its international status. "This is the price of advertising effect can not be measured." Wang said. "Overseas listed companies to accept more foreign research institution, can cause the concern of foreign companies. This has greatly improved corporate image effect." From a legal point of view, Tang lawyers that because the foreign investors in domestic information is not known, together with a foreign legal system, the rights of the investors have full of protection (such as shareholders rights), so investors the confidence of the foreign companies a higher degree. .
Internally, the h-shares subject to domestic law limitations in the stock market is full circulation not only subject to certain conditions. Registered overseas to red-chip mode listed stock in the capital markets full circulation. Stock full circulation easier absorption of venture capital for venture capital. At the same time, foreign IPO (IPO) price is higher than the domestic high. Red chip companies to issue new stock price is higher than the h-shares. For example, Unicom, China Mobile uses the red chips listed, it means the new stock price is higher than at the time of China Telecom's h-shares. It can be seen offshore investors believe the press outside the legal setting company.
In addition, senior managers outside the incentive mechanism in the ESOP. Overseas listed companies can take advantage of this incentive mechanism, which greatly enhance the management team's cohesion. .
Outside the building shell for business financing. At present, at home, listing the amount is a scarce resource, the majority of private enterprise or small business it is difficult to obtain credit financing is also listed on the more difficult. Therefore, outside the "shell" made into a number of major corporate financing. In Hong Kong, if it is in compliance with the regulations, in compliance with the listing and trading rules, conditions, after a certain period, enterprise ready for refinancing, the approval procedure is quite simple.
Fourth, special tips. .
1, investment banks, financing companies Tip: note listing costs. Prior to listing fees are generally involve intermediary costs, the cost of the review body and some miscellaneous (listed in accommodation and travel expenses, etc.). Intermediary costs from fixed fees and variable costs made up of two parts. Fixed costs include sponsor fees, legal fees, accountant fees and valuation fees, etc., these costs can pay by installments. Change in underwriting fees, fee means the fee after the listing of the company from its fund-raising in proportionate. In Hong Kong gem, for example, to the Hong Kong gem costs as follows: sponsor fees of about $ 2 million; listing Commission to raise funds after the listing of 4 per cent to 5 per cent. . Total approximately 10 million Hong Kong dollars or so. For some SMEs, the listing is not cheap, good cost control is the key. .
2. lawyer tips: in strict accordance with legal procedures. SME listing problems: first, the enterprises themselves should know inside and outside the legal environment of the listing, the listing before conducting a feasibility study. Second, it is necessary to understand the mentality of investors. Enterprises should be fully informed of the investors on the company's views, and according to the specific situation of the enterprises themselves decide whether they should set up the company abroad. Third, the enterprise should have an orientation, it is necessary to consider how the market is best suited for enterprises of their own development, etc..
3, in particular, to remind: enterprises must pay attention to the legality of setting up a company overseas, to get the government approval. Otherwise, do not even hit the market by the state recognized; China implements foreign exchange controls, Gong Si in the restructuring and design their own strategy, each step is strictly in accordance with existing laws and regulations Lai Chinese act. Should pay attention to outside interests shell company has the legitimacy and legality of funding sources. .
Intermediary company reminded: attention to after-sales service, not just for the sake of cheap. Enterprises in business while you select the intermediary, not cheap but who has influenced the later development of the enterprise. For registration, for example, in Hong Kong-registered companies every year to pay the renewal fees "," is the annual fee. Intermediary service content of each year to help enterprises inspection, an inspection certificate required is "business registration", that is, tax registration certificate. The agency fees are low but does not offer the "business registration". . Now there are a number of domestic individual agencies or small agency could make money in the first year after the close down because of poor management. Have chosen this medium, the second year of the annual inspection of enterprises will be very troublesome. Now is the cost of business registration more than 600 Hong Kong dollars, in March of this year rose to 2250 may be dollar. .
5.
Bermuda has always been foreigners and foreign businesses a tax haven, there is a word widely circulated in the local business community: "If Bill Gates had to set up this company, he would be richer today." Many U.S. companies have chosen Bermuda as a new registration, mainly because Bermuda has no corporate income tax, followed by Bermuda from the United States because of the past. Offshore companies registered in Bermuda is simple, low cost, simply for file conversion, simple to just set up a mailing address in Bermuda. Multinational companies operating centers usually stay in the United States to continue to enjoy the American government, the judicial system to provide good protection and the U.S. business environment.。 Tax expert Wei Donald Rumsfeld believes that any one has certain overseas revenues of the company by the name of the headquarters moved to Bermuda, a sharp decline in the tax burden.
And, like Bermuda companies to attract many of the world where the "settle down" and also the British Virgin Islands (also known as the British Virgin Islands - BritishVirginIsland, referred to as "BVI"), the Cayman Islands, Bahamas, Isle of Man, Republic of Panama and so on. These regions and countries known as "tax havens", "tax havens" and "offshore oasis." In China, there are many companies registered in these areas.。.
6, overseas offshore company. .
Overseas companies, the English language is called "OffshoreCompany." Where the original residence outside of incorporated companies, generally known as overseas offshore companies in areas such as the Cayman Islands, British Virgin Islands, Bermuda, and in accordance with the local company law established companies fall into this category. These regions are members of the Commonwealth, the "company law" comes from the UK, is the world's recognized as the most complete and the companies Act, all over the world have a high level of legal status, protection under international business law.
7, what kind of business offshore to register? . .
According to the counsel of Meng Longanlvshishiwusuo, various registration may disembark. Can be classified by industry: investment or holding companies, trading companies, patent rights, trademark rights held by the company, usually their own intellectual property rights holders can be patents, trademarks and other rights transfer to the offshore company, then from the offshore company authorization in different countries of the authorized person to use such intellectual property for the purpose of collecting fees empowered e-commerce company, offshore companies through the Internet to engage in e-commerce companies. Because of its "products" or the service is transmitted by electronic means, so it can accommodate anywhere in the world. . For Chinese Internet enterprises, we can realize the purpose of financing and to facilitate access to foreign exchange. The purpose of registration can be divided into three categories: foreign investors; some of China's private enterprises; there is a category of listed companies demand (high-tech, new materials, new energy, bio-pharmaceutical and other industries). .
Supplementary proofs has been routed to http://blog. .chinaunix. .net/u1/33680/blog http://mryuanruhui. .cublog. .cn/please download themselves.
British Virgin Islands is the plight of private enterprise evils business newspaper reporter Huang.
A large number of Chinese enterprises rush to the British Virgin Islands - a phenomenon with the British Virgin Islands (BVI) Finance Minister Ronnie Skelton (Ronnie Skelton) recently visited China again in the Mainland business community launched the so-called 'black hole' debate. Chinese companies simply landing BVI three purposes: tax avoidance, market and transfer of assets. Some scholars think this is a 'black hole of loss of national wealth', and that this breed of money laundering, swindling money to other criminal acts, and some experts believe that this phenomenon is not a special case, not an impact on the national economy. Each have their own reasons, the two sides locked.。 To change the situation, the need for the Government's strict policy, needs more support.
First, a beachhead within the enterprises 'tax haven'. .
BVI this only 154 square kilometres of the Western Indian Ocean islands, Yin Cheng Hong Kong International company, in early 2003, 50 million have been registered in the British Virgin Islands, about the enterprise nearly 20 million homes and businesses have a variety of associations. With many companies on the ' BVI holdings, ' ' Bermuda Holdings ' brand, as well as the Eurasian Department of agriculture, green cool, make up by private enterprises ', ' the topic is becoming more and more attention. , From international tax havens investment really is amazing. States Department of Commerce, the latest statistics show that 1 in September this year, BVI, Cayman Islands and Samoa on investing in China, the second, 8, 10-bit. . As in the international registration of offshore tax havens to hide shareholders in most companies, so no one knows exactly the number of Chinese background of the company. However, a clear trend, BVI, Cayman, Bermuda, the island was originally unnamed mainland enterprises is becoming the cradle of registered offshore companies, including Digital China (0861) and other famous enterprises. The past two years, and others also have a successful route through overseas listing. .
Second, the outer tube vacillating policy.
Private enterprises have a large number of 'transfiguration' is a blessing or a curse? Experts for this confrontation, the state policy has been change. Mei Xinyu, led scholars to believe that allowing domestic enterprises 'foreign investment of' there exists blind spots, international tax havens may be the loss of national wealth, the black hole. Ministry of Commerce, completed last year, "China and the offshore financial center of cross-border capital flows," also attracted the concern of the authorities and public opinion.。 File residing overseas investment provided directly or indirectly, control of foreign enterprises, should be approved by the outer tube.
This series of 'targeted' measures, so that registration of offshore companies and Mainland enterprises listed outside the operation of the activities of almost stopped. However, on November 1 this year, the State Administration of Foreign Exchange issued 75 article abolished article 11 and 29, the regulation will go overseas investment as 'registration' rather than 'approved'. Is considering to BVI registered company Wang told reporters: 'Over the past year, private enterprises registered offshore companies public opinion and policy environment is not good. Article 75 allows us to see hope. 'However, this policy has been' black hole theory 'advocates questioned.。 After the handover of Hong Kong enterprises Ltd a popular place to go to the other international tax havens. According to his study of this phenomenon on the national economy and will not be adversely affected. Wide and law firm is one of the largest law firm, its partners acquisition just that, he was not in favour of the ' national wealth loss of black holes ' point of view, because the ' merchant is to the extent permitted by law, to seek benefits '.
3, containment is not the right remedy. .
According to the Mainland of venture capital industry renowned research institutions in Beijing Bureau of statistics, no. 11, after the promulgation of the text in the first quarter of this year, and foreign VC investment totals 1.65 billion, compared to Q4 2004 dropped 43 per cent, compared to the same period last year and has dropped by 24 percent. Affected Chinese stocks listed overseas, zero2ipo Q3 this year is expected from the start, red-chip mode the number of the listing of small and medium-sized compared to a year-on-year decline, and that this trend may continue until the end of the year. The industry then speak of ' red-chip channel ' shut, the national regulatory overkill ' accidental '.
Yi Xianrong, told reporters that the company registered in the international tax havens to facilitate the overseas listing and cross-border operation is very common in the international arena, there is no negative impact on the national economy. 'International tax havens, not our business, but can manage their'. In his view, countries should further strengthen the external flow into and out of control, in order to control developments. Meanwhile, the gradual lifting of foreign-funded enterprises should be concessions for foreign companies, enterprises in the same starting line, so as to radically curb the domestic enterprises 'transfiguration' of the impulse. For some experts in the domestic enterprises 'foreign-based' may be corruption and embezzlement of state assets to facilitate.。.
Yi Xianrong: This phenomenon does not adversely affect the national economy. States should do is to fight corruption from the source. .
Mei Xinyu: enterprises ' capital ' of the blind spot of regulatory, international tax havens might become a black hole of the loss of national wealth.
Xi Gang: not in favor of 'loss of national wealth, the black hole' point of view, because the business is within the scope permitted by law to seek maximum benefits. .
4. go to the four factors of the Vikings.
1, within the different treatment of foreign capital. .
Learning has just said that because the establishment of, economic and business wise strategy paying taxes in the tax treatment of foreign capital has been the difference is not too large. At the same time, foreign-funded enterprise tax benefits generally only a few years time, relative to their domestic investment cost is just a kind of compensation, therefore, from the perspective of the establishment of the normal commercial enterprises, tax implications is not particularly important. But the study found that smart companies are well versed in the ' curve ', ' has been removed from the foreign-national treatment ' for many interests.
Fudan University International Dr. Jin Rongji pointed out that the real process, private enterprises 'foreign-based' is rooted in finance, taxation, financing, management and extrinsic environmental factors induced. In foreign investment-driven economic growth model, foreign-funded enterprises enjoy preferential enterprise income tax in the Mainland and foreign debt management policies limit the financing of benefits, and by the local government, the banking sector in finance, banking on a variety of preferential treatment. This will naturally encourage private enterprises to become foreign. .
2. tax avoidance.
3. overseas financing easy.
Offshore company has been active in international markets. According to statistics, the Hong Kong stock market listed companies about Qicheng in Bermuda and the Cayman Islands, red chips, about 1 / 3 more than two registered. According to an operation in the mainland A-share listed who had disclosed domestic A-share listed on the company's qualification requirements were high, hard and fast rules and approval of people a headache. 'Now control the domestic market was too strict, the market is not good, so many companies prefer to overseas market'.。 The approval of private enterprises, more like an insurmountable hurdle. Not only the market for small and medium-sized enterprises, if there is no hard bank relations, it was almost impossible to loan. Registered in the BVI company, just not to the various registration fee $, then a few thousand dollars per year in maintenance costs, the future will be able to operate in the overseas listing.
4, post-venture channel. .
Venture capital is growing Mainland high private enterprises in particular high-tech enterprise development, an important source of funding. Beijing Bureau Chief Gavin NI, told reporters that last year the national venture capital amounted to $ 12.7 million, of which comes from foreign VC funding accounted for 75 per cent to 80 per cent, 21 involved venture overseas listing of cases.
Foreign venture capital on the Mainland now almost without exception, the operation mode to offshore funds, some of the more successful domestic venture capital also began to adopt a similar model. Venture capital sector note financing high-growth private Qiyezhihou, Tuidong the enterprise Jinxing reorganization, Jizai BVI and other international tax havens Zhuce holding Gong Si, Zaiyou the holding company over a domestic Shiji company of the equity in three to five years Wancheng holding company Jingwaishangshi, so that foreign venture capital to 'get out'. 'This is mainly to circumvent the Mainland for foreign equity investment and the approval of the sale, overseas listing, you can ensure that the venture according to their own wishes to opt out, not stock options can not be tradable by the mainland's restraint.。 Due to foreign venture capital injections of successful IPO of the company is already familiar to the people.
Please read the details of Yahoo's space http://i. . Cn. . Yahoo. .com / yuanruhui blog http://i. . Cn. . Yahoo. .com / yuanruhui / blog /. .
Private foreign capital of discovered huge national wealth loss in black holes.
Despite the deliberately keeping a low profile, despite the "Name the first" far less than the U.S. Treasury Secretary John Snow and other internationally renowned financial officials, but in November the first visit to China early in the future of the British Virgin Islands Minister of Finance Hon. Ronnie kelton many private enterprises will certainly affect the sensitive nerve. .
It is understood that this Hon.Ronnie kelton to China, to call on business, financial, and other competent authorities of the home, but also the impact of policy formulation and visiting researchers, on China's relevant policies "fishing expedition" intentions very clear.
1, an area of 154 square kilometers of the West Indies, has been for several years after Hong Kong, Mainland China became the second largest source of foreign investment, developed countries than the United States and Europe. All together to the area after the capital to invest in China, has become an important economic pillar for the regional one. Domestic government officials, "they are very surprised that China has aroused their interest and attention." But this is only the ostensible reason for this visit take place. .
Second, more important, in recent years many domestic private enterprises from the British Virgin, international tax havens (also known as the "offshore centres") have a "foreign", fascinating "enterprise" when the acquisition of domestic enterprises. This triggered a domestic it as "a huge national wealth loss ' black hole '" accusations, national regulatory authorities conduct continuous policy specifications. However, domestic policy, foreign investment enterprise "sway" prospects are uncertain. Therefore, on China's relevant policies "fishing expedition", which in turn determine the impact on its own, and becomes a real visit Hon.Ronnie kelton..
While many domestic private enterprises, the private enterprises for the "foreign" of the government how qualitative and ultimately what kind of clear policy, the vital interests will undoubtedly have a significant impact. .
Private quality assets overseas transfer.
"Now the domestic-known private enterprises, how many Chinese private enterprises or real? They basically have become a foreign-funded enterprises." Accepting "Economic Information Daily" reporters, China Chamber of International Commerce pointed out that the arbitrator Ma Shaobo facts. .
These assertions are false. In recent years, from the British Virgin Islands, a tax shelter Island, shell companies in business assets into the shell company, further to seek overseas stock markets, it has become a kind of private enterprises. According to public reports, so far this year, the domestic famous enterprises, have listed overseas. Without exception, all the enterprises above enterprises as investor but also for the British Virgin Islands, and other international tax havens. And last, the famous enterprises, has passed offshore shell companies were listed in the overseas success indirectly.
This private enterprises "foreign" of the movement, that is, private enterprises set up by the island in the international tax avoidance shell company transfiguration foreign enterprises listed overseas for many years to achieve indirect history. "Most of which are shareholders of private enterprises set up through my shell companies in tax havens on the island, financing the acquisition of domestic private enterprises, I held equity." Ma Shaobo said, "but not the open market report, but has control over the transfer of assets abroad of private enterprises, more numerous. ". .
These "success stories" are private enterprises overseas listing of "red-chip channel", commonly known as the "little red chips." That is, private shareholders in his own name in the British Virgin Islands and other places to set up shell companies, and then inject equity or assets in the territory of the shell company; after the applicant is outside of the shell company in the United States, Hong Kong, Singapore and other overseas market. More private enterprises are being replicated this "success stories". It is understood that the ongoing "foreign investments" of private enterprise, including hundreds of domestic high-quality private enterprise.
Additional evidence has been sent to http://blog. . Chinaunix. .net/u/24547 / blog http://yuanruhui. . Cublog. . Cn / please to download. .
Categories: Financial. .
Lenovo for the sale of State-owned assets and tax evasion.
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
Associative and private investors in case of a "democratic State" cases Beijing Bisnis Li. ..
One is born in "China Silicon Valley" in Beijing's Zhongguancun high-tech enterprise, one is leaning against Shandong started doing real estate business. In the Song Hong opinion, for this reason enough to support 29% of Legend Holdings to sell stake to Asia Standard Group, if Liu and Legend Holdings is to be done this way Lenovo's international "very unwise." The two companies appear to have no intersection because of the capital came together. Through huge amounts of money invested, Asia Standard Group to become the third largest shareholder, Legend Holdings.。.
First, state funding is still the largest shareholder. .
Lenovo holdings and China Oceanwide Holdings Group yesterday officially announced that Lenovo shares listing period only one eligible recipient, Oceanwide holdings as Lenovo holdings's third largest shareholder, holding 29 per cent, the trading price of 27. .55 billion yuan, of all cash transactions.
Asia Standard group was not before, the National Science Holdings accounted for 65% of the shares of Legend Holdings, Lenovo holding 35% of ESOP Association. The share transfer, the National Science holding 36%, still the largest shareholder of Legend Holdings, Lenovo holding 35% of ESOP Association, Asia Standard Group's 29%. .
"Lenovo holding 29 per cent of the shares at less than 28 billion!" many people know this transaction amount after an exclamation. The price for the entire legend holdings should be 100 billion. However, only a Lenovo holdings subsidiary Lenovo Group present in the market value of $ 300 billion. Thus, "Lenovo holding assets are being questioned by the sale".
In this regard, the National Science Holdings general manager explained Tang Mai village, 27. .55 Billion price is the transfer of state assets in accordance with the provisions of the State, after a rigorous assessment process to determine the assets, not only by the individual pricing. Bargaining statements, pricing process is not the National Science Holdings and Legend Holdings to manipulation. .
The National Academy of Sciences holding is a "State-owned assets management co., Ltd". The company was founded in April 2002, by the Chinese Academy of Sciences on behalf of the State capital, is the State-owned company. Holding company of the industrial structure of high technology industries, Lenovo holdings has been founded in the early 20 million investment in the Chinese Academy of Sciences.
It is reported that large-scale high-tech industry to promote investment in enterprises and institutions sustained and healthy development, Chinese Academy of Sciences actively promote the hospital, the introduction of the investment enterprises, including capital, management, marketing, etc., good social resources, diversifying the stock to form a reasonable The corporate governance structure, and proposed to the hospital in 2010, the investment firms, the hospital, the stake to 35% below the goal of reform, has lasted 6 years. In this spirit, Legend Holdings options destined to change. Legend Holdings to sell stake, but the CAS will be its "corporate social equity plan" part. .
Yesterday, "the godfather", IT suggests holding CEO LIU Chuanzhi on expressing its profound gratitude to the national holding: "there is no Chinese Academy of Sciences, the Association of entrepreneurs who could not come this way, a few days ago, our President and to the road on the leadership of the Academy of Sciences, he has also repeatedly expressed to us, ' we still think the biggest shareholder, you have a difficult time, so we'll '. ”。.
2, Lenovo's "private enterprises" blueprint. .
Lenovo holdings is the parent company of Lenovo, Lenovo holdings under five sections, namely Hong Kong-listed Lenovo Group, digital China, as well as legend capital, Hony, from land. In 2001, the Association successful spin-off, Lenovo holdings in venture capital, equity investments and real estate, areas to explore, and accumulated rich experience. Since 2004, LIU Chuanzhi will work in legend capital, Hony, from land development and market aspects.
Many people will have such confusion: "Lenovo is not a private enterprise in the end?" Private enterprise to define the broad sense, non-state-owned enterprises are private enterprises. Lenovo Group Lenovo Holdings ESOP will account for 35% of the shares, so this vision, the Legend Holdings is a private enterprise. National Federation of the list tell us, Legend Holdings is a private enterprise. Legend Holdings reelection scale private enterprises for ten years running champion. However, the Chinese Academy of Sciences of the State capital background, so that Legend Holdings is difficult and "private enterprise" words together. .
"At the international level, many customers may think that Lenovo holdings is a State-controlled companies. "Ma said," I remember IBM Lenovo holding merger.
PC Soon, we in the U.S. State Department has a big one, then the United States, a Member said Legend Holdings is a Chinese state-controlled companies, a result, the one withdrawn. . ".
LIU Chuanzhi emphasized: "the Sea joined later, more capable of justifying from co. is a private Association of enterprises, I believe that from this perspective, the lenovo ' brand ' international aspects of business. ”。.
Legend Holdings and Asia Standard Group and certain categories in the real estate investment projects on collaboration. Asia Standard Group in the introduction, the association will be holding a series of new business end of the year there. Analysys International chief operating officer Bin Yang believes that this diversification strategy is Legend Holdings chess. Legend Holdings have been taking a wide range of development path, the introduction of Asia Standard Group will make its diversified ownership structure, which receive some of their resources to help the industry, "such as Asia Standard Group in real estate, finance, energy and investment have advantage, which is expected to allow access to these industry associations holding the resources. " .
Oceanwide coal chemical industry group in terms of experience. Lenovo holding Executive Vice President, said Wu also soldiers of clean energy or energy clean power is Lenovo holding important investment direction, coal chemical industry is also a Lenovo holdings concerned about the direction this direction must cooperate with the sea, but not limited to this area. There are media reports over the next five years Lenovo holdings will invest $ 10 billion in clean energy, new materials, etc..
In addition, Lenovo will not only make PC business. Chen Shaopeng, senior vice president of Lenovo Group, said, "Now go try a new business." Lenovo Group is bullish on three areas: mobile Internet, digital home, and cloud computing. .
While listing for Lenovo holdings, LIU Chuanzhi, first through subsidiaries, holding companies listed on the back-to-market approach to overall market place of listing will choose in Hong Kong. However, if a stock market on the mechanism of change, the company offers more space.
Third, private property "big shots" to enter the industry? . .
4 September is Lenovo holding 29 per cent equity trading on the last day, but the sea is the only group of its recipient. From the beginning of August the standard in respect of the tender is not difficult to see that the national holding looking for the "buyer" is the functional group.
CAS requirements, the transferee paid registered capital of not less than 40 million, 2008 total assets of not less than 35 billion yuan, net assets of not less than 10 billion yuan, nearly three-year average net profit to more than 800 million yuan, the main business operations should include finance, energy and real estate in three areas, in the three areas of direct investment is not less than 20 billion yuan, and there must be at least one area controlled listed companies. The Asia Standard Group fully meet these requirements: registered capital of 4.1 billion, the main industry also happens to be the financial, energy and real estate in 2006 in the A share market. .
In addition, the critic also revealed that he and the sea have long Lu Zhiqiang, Chairman, and is known for many years, friends, so Lenovo holdings and Oceanwide holdings "hand" is not accidental, it is not a paper selling bulletin explains.
So, Asia Standard Group eyeing Legend Holdings any "advantage" mean? . .
Oceanwide Group Chairman and CEO, Lu said: "Lenovo holdings has a good reputation and a strong and excellent management team, our long-term optimistic about the future development of Lenovo holdings. I believe that this strategic collaboration will give the parties to bring new value for the enterprise to provide a more robust growth, vitality, and for China's economy in the global economy, a new round of competition and cooperation in the realization of new development and rising to a power. ”。.
Chinese Academy of Social Sciences Institute of World Economics and Politics of international trade, Song Hong, director of Research, shares the success of China's most well-known technology investor group, follow-up of a chain reaction is self-evident. Song Hong same time, in recent years, the real estate industry's huge profits is obvious to all, rich and powerful real estate business very much. This phenomenon is also to many domestic manufacturers deviate from the main business, have put the real estate industry, "this is not a good thing" and hinder the development of China's manufacturing industry, also shows there are problems with Chinese manufacturing. .
After the advent of the "financial crisis, China's manufacturing enterprises are faced with many difficulties, if similar to Oceanwide holdings that have large amounts of capital real estate complex the capital investment and domestic manufacturing, not only to resolve the financial difficulties of manufacturing enterprises, and help their profits and capital flows like Lenovo holding such a high-tech enterprise, also helps the entire manufacturing sector of upgrading and restructuring, trade skills will also be improved. Songhong stressed. "
Song Hong believes that the uncertainty in the property market, the domestic part of the integrated real estate company has a large number of idle funds, these companies can be as much as Asia Standard Group's investment in the field. He believes that Asia Standard Group's stake in Legend Holdings wiser. .
4. Lenovo holdings "of the democratic State" is a case-by-case basis.
Legend Holdings and Asia Standard Group, the "marriage" has aroused general concern in the industry. .
Jishizixun General Manager LIU Chuanzhi Quxiaodong strongly agree, in his view, this stock transfer beneficial to Lenovo in overseas brand image. The national holdings of Lenovo holding 29 per cent equity transfer to the private sector, Oceanwide holdings will decrease by State-owned shares in the proportion of Lenovo holdings, its subsidiaries, Lenovo Group, the proportion of State-owned shares will also be reduced.
"Lenovo Group in some overseas bidding, sometimes that's close ties with the Chinese Government, the state-owned shares will decrease the proportion of it affected less.", Said Xiaodong Song. .
However, it seems, is for this reason songhong is insufficient to support Lenovo holdings sold 29 per cent stake to Oceanwide holdings, critic and Lenovo holdings is trying to complete Association of internationalization "unwise".
"Whether it is China's private enterprises and state owned enterprises in overseas acquisitions, find order and so there will be such an embarrassing situation, in many cases private enterprises will Beiwai Guo customers, partners are state-owned assets Beijing Ren Wei, and Sangshi many Jihui. Therefore, even if Lenovo Holding full privatization, this embarrassing situation will not be a time to be resolved. "Song Hong said," simply put by the state-owned enterprises into private enterprises as meaningless, international prevention is not to 'nationalization' can be solved . ". .
Flying elephant CEO Xiangligang also said that in the national capital Act, "many countries into people's retreat" background, Lenovo holdings to introduce private capital is just a corporate behavior, adjust the current capital market trend or the dominance of State-owned assets. "However, Lenovo holdings shareholder CAs on too much, even though the introduction of private capital, it still gives the management idea of State-owned enterprises. "Xiangligang stressed.
In addition, experts also believe that this round of adjustment is indeed conducive to state-owned enterprises, government investments are concentrated, so the industry there were many "state into people's back" sound. But in fact, private capital and foreign investment in the capital market is very active, but are state-owned assets are covered up. However, the major adjustment of the market is still dominated by the state-owned assets. .
State Committee of Deputy Secretary General Ms Helen had indicated that the top ten industrial adjustment and revitalization plan, important content is the corporate merger and reorganization of spontaneous. At present, in some sectors, such as iron and steel, nonferrous metals, and so have had to adjust. In more areas relative to private enterprises, the State-owned enterprises for better development conditions, private enterprise is because of its relatively small size, financial strength is smaller and enter these industries may be relatively little difficulty.
5, Asia Standard stake in Lenovo has four major focus of the problem, Legend Holdings is reasonable valuation of 10 billion? . .
Some analysts noted that associated with holding the Lenovo Group's current market value of more than 300 billion yuan, Lenovo holdings account for 40% of the shares, thus means that Lenovo holding at least 120 million in assets, why USD1 billion?.
Liu said the chairman of Legend Holdings, Lenovo can not be assessed in accordance with market value of the holding: "Because the market ups and downs of change has been great the past two years, Lenovo's share price has been low, too high, so I assess the firm failed to market value as a pricing standard. "China Asia Standard Holdings Group Chairman Lu Zhiqiang said:" The value is fair, Asia Standard is approved. ". .
VI. transfer of the national holdings of shares earned money?.
Chinese Academy of Sciences of the National Science Holdings to sell shares of Asia Standard Group 27. .55 Billion, such a huge sum of money to how to use it? Deputy Secretary-General, Chinese Academy of Sciences, the National Science Holdings vice chairman and general manager of Tang Mai Village, said the Asia Standard Group, controlling stake in Lenovo, all cash transaction. 2001 Chinese Academy of Sciences of the State Council asset management system reform program approval, the "first major transformation for the transfer of scientific and technological achievements, new high-tech enterprise incubation, and the second is for the CAS high-tech talents." .
VII. how Lenovo holdings when and where to?.
Lenovo Holdings has said that after the introduction of the first capital of Asia Standard Group, one of the goals listed, and now Asia Standard Capital has entered, then the Lenovo Holdings will be when listing? Where listed? How to market? . .
LIU Chuanzhi, Lenovo holdings listed is banshangdingding, definitely not vague. "This is mainly due to the listing you can raise more funds, allowing us to better operate and on our management team have more direct long-term incentive effects. ”。.
Liu said that Legend Holdings is a subsidiary of the listed order must first be listed, and the very growth of these subsidiaries, and is listed Legend Holdings. But he also said: "According to the provisions of the CSRC in China may not allow the parent, subsidiaries also listed, Hong Kong's stock market can be provided, but I very much hope that China's policy in recent years changed, so that we can have a more comfortable choice. "This language may mean that Lenovo Holdings will be the primary objective to seek listing in Hong Kong. .
Eighth, who took over the leadership of Lenovo holdings replaced Ma?, Chairman of the Board.
Liu has repeatedly emphasized that he served as chairman of Legend Holdings is a "stand a good last one post," Does this mean that Liu has delineated the successor it? The five-member board of directors of Legend Holdings Zhu Linan only the youngest. Does this mean that Zhu Linan Legend Holdings is the future head of the people? . .
Critic, said that as Chairman of the Board of legend holdings is an interval. "We have established a programme, in what circumstances I continued to serve as Chairman of the Board, in what circumstances I leave. Although it is not possible to determine the future successor who on Earth, but this person standard, I can say. "People emphasized this critic to agree that Lenovo values agree with Lenovo's methodology. This means that this person should have a sense of social responsibility, should have a strong motivation, vision and lofty, and enterprising. At the same time, the business must be good at learning. "We were we never done business, only such people can lead the Association. "Liu emphasized. . .
For more information please read the global online space http://cblog. .com .cn .chinadaily..//port/yuanruhui. .cyol cyts community http://home. uid-10006687 blog .com/?.
Lu Zhiqiang Liu and 2.7 billion between the "scandal association." .
2009-09-14 12: 41 source: buiness reporter, Li Yu.
Lu Zhiqiang Liu sent the position of chairman of Legend Holdings, he himself was an important pivot in the capital layout. "In the acquaintance and mutual trust, based on love at first sight." Sept. 8, the face of journalists, China Asia Standard Group Holdings Chairman and CEO, said Lu Zhiqiang, the description for Liu sitting next to him laughed. "Love at first sight that this point was listening to a bit that what talking about when this matter is certainly hit it off, not even any repeated consultations, no." Liu rapid response is given. .
Use cash from 27.55 billion on behalf of the State-owned assets in the hands of the Chinese Academy of Sciences of the assignee Lenovo holding 29 per cent stake, Lu Zhiqiang have effective sale. 8 September, in the arena with Lenovo holdings for the news conference, claiming to be "fresh from the field back to Beijing, tired and the vagaries of the weather, even the words are difficult to" Lu Zhiqiang apart from necessary to speak, it's been sitting in Wanda Sofitel Grand Ballroom is the first row of the Central, from 9 a.m. to 12 noon, he never left.
2.755 billion to buy what? According to the disclosure of Legend Holdings, Lenovo Holdings currently involved IT, investment, real estate three major sectors, subordinate Lenovo (HK0992) Digital China (HK0861) 2 billion market capitalization of listed companies in Hong Kong and Legend Capital, Hony Capital Investment Company 2 and the planned official visit in 2010, shares of real estate company A Raycom. .
Among them, Lenovo, Lenovo holding approximately 40 per cent of the shares, holders of digital 16.23 per cent of the shares. Legend capital currently fund management scale over 6.5 billion, 2008 the company turnover totals 32.67 billion (approximately $ 22 billion RMB). Focus on mergers and acquisitions in the business of Hony the current total size has exceeded 200 billion yuan, the social security fund is the main sponsor. Inclusive science consulting, although relatively late, but now also has 300 million square meters of land and commercial real estate.
Legend Holdings is also the day after the announcement of equity restructuring of new board members, from Liu, Mai-Cun Deng, Lu Zhiqiang, Mao had Korean, Zhu Linan five-member, Liu as the new chairman of the board. .
"This is also in the development of China Oceanwide a landmark event. "That day, the deep, dark suit and tie Lu Zhiqiang, even at the scene of all sea staff, must attend the dark suit.
After buying what? "The most important of all, I was optimistic about the future of Legend Holdings." Lu Zhiqiang, said, "China Asia Standard and Legend Holdings in real estate, energy and other aspects of a business overlap, in the future to cooperate in many ways." This is not the words of Liu seek the cooperation. "Asia Standard White Lenovo's main purpose is to support the association's strategic direction in accordance with their original development, but in the development of strategies, a number of projects and cooperation in the Asia Standard is available, such as real estate projects, such as a some categories of investment projects, when these specific problems, we will approach the specific case considered together with the management of Asia Standard joint action. "Liu said.。 "Coincidentally, in the China Sea became the company's third-largest shareholder, Lenovo holding strategically significant adjustments to existing legend capital and Hony Foundation, launched by the Association holding Executive Vice President, Wu also soldiers led direct investment, makes investments in the fleet, the" direct input in the next five-year business 100 million of capital, "said Wu also soldiers. According to him, the Lenovo holdings of direct investment business will focus on clean energy and environment, new materials, high technology, financial services, as well as domestic demand-related industries, and so on five areas of investment opportunities. Wu also soldiers did not deny that, in the new energy investment, and Lu Zhiqiang cooperation possible. . . ".
Oceanwide Department strategic transformation? at September 8, Lu Zhiqiang articulate, according to the China Sea and long-term development strategy, the company will systematically in real estate, finance, energy, three major industries, on the basis of objectives to three to five years, through the expansion of investment strategy, investment structure of the Group and the strategic asset structure. LU does not disclose specific strategic direction, but he acknowledged that this transaction, China Oceanwide landmark significance. Although still lead the "Lo Ke sea lines" hacked, but, this time to enter the Lenovo holdings and Lenovo holdings on the adjustment of the strategy is to enter the investment industry. . . ".
Oceanwide aquires holdings, 10 billion loss of State assets.
End of the World Economic Forum Community of Barrons blog http://blog. . Sina. . Com. .cn / barrons original financial analysis and comment. .
Submitted date: 2009-09-13 17: 06: 00 visit to reply 11 778.
Asia Standard to 27. .55 100 million yuan to buy a controlling 29% stake in Lenovo. The deal was earlier discussed in private has been good, there is no competition, no suspense, just take a month off site. .
Lenovo holdings should be worth? because not listed, it is difficult to know. However, Lenovo holding 42. .3 percent of Lenovo stock and .23 per cent 16. digital stock. Lenovo is currently the market value of $ 329 million, equivalent to 290 billion RMB, 42 per cent of the shares in .3. is approximately 122 billion RMB. Digital current market value of $ 65. .5 billion, equivalent to 57. .67 billion RMB, .23 per cent 16. shares was approximately 9. .36 billion RMB. The two listed companies stock value 131. .78 billion RMB. . .21 Billion yuan. This is higher than the selling price at least 1 billion yuan. Moreover, there is Legend Holdings Hong Yi Investment, Legend Capital, home to companies such as Raycom. Could it be that these companies together, the value is negative? If in the future listing of Legend Holdings, which spread to far more than one billion of the. .
So, buy Lenovo holdings, the sea at least earn 10 million or more. This is the loss of State-owned assets. While the old willow is more than 10 billion for the State-owned assets in exchange for the support of the Pan, China shipping group and thereby gain complete control over the Lenovo holdings. Since then, the Lenovo holdings is no longer the Chinese Academy of Sciences of the company, but rather old willow family business. In this transaction, old willow is the big winner, Pan sea group is the second winner, only CAs is to buy them. However, the "State" no one really had, of course, no one seems to care. This investment, Buffett do not. This is not worth the investment, but rather the interests of the Exchange, at the expense of the State-owned assets for personal gain.
Comments: Author: Sir Run Run Shaw, return date 2009-09-13,17:09:29 think its current problems, with similar, there are ... .... .
Author: makrhero reply date 2009-09-13, 17: 14: 55 current socio-economic, say bluntly that is too ambitious ... it is ….
Study: Barrons return date 2009-09-13,17:21:00. .
Since the end of the World Association of investment have, if it is not easy to please feel free to delete this post. I understand very well. Please accept our apologies for any inconvenience.
Study: Barrons return date 2009-09-13 17:25:17. .
Old willow may use Lenovo's plight to pressure the Chinese Academy of Sciences to sell Lenovo holdings of shares, so as to achieve personal goals. In the sea aquires holdings of the same day, TPG sold $ 10 million in Lenovo stock. Who will pick up?, perhaps, is the Chinese Academy of Sciences, is selling Lenovo holdings to money.
Study: Barrons return date 2009-09-14 17:33:28. .
Not Hong-Yi, melting, Lenovo, Lenovo holdings of investment in the hands of the stock is worth 131 billion RMB. Even if all changed hands, a maximum of 5-10% discount. If the Lenovo Group sold to Dell (is not such a consideration), and even more than the current stock price is much higher. 10 billion loss of State assets or the most conservative estimate. Hong-Yi, melting, Lenovo's zero investment valuation? why not any bid, to weigh the various factors to find the highest bid? excess baggage. You say that it is not the loss of State assets?.
Ruan Ruhui comment: It should be allowed to pay 1 billion * 25% = 2.5 billion enterprise income tax * 5-fold = 1.25 billion fine. .
For more information please read the NetEase blog http://yuanruhui. .blog. .163. .com/Sohu blog http://yuanruhui. .blog. .sohu. .com.
Lenovo suspected of evading taxes and loss of state assets. .
Large corporations tax transfer pricing resulted in relatively low source: China tax news.
China Tax News reported: Chengdu, Sichuan Province, the IRS and the IRS has a low tax burden on business enterprises in Chengdu, Anatomical analysis showed that large enterprise groups in associated enterprises resulting in the transfer pricing related to corporate tax rates low is a prominent problem. .
The IRS Department of Chengdu city in January 2006, and July, sales in more than 5000 Yuan, the tax burden in 1% of the more than 300 families a business major collection indicators analysis of representative samples. Large enterprise groups in Chengdu, and computer communications equipment distribution industries corporation tax burden low, causing the city's entire business tax burden on the low side.
Tax department survey of the collection and management indicators, including business taxable sales amount of tax, the actual storage of tax payable tax rates, tax rates and other indicators of storage tax. Investigation to verify, large enterprise groups in Chengdu branch of the business model in general the performance of the Group headquarters in supply, uniform pricing or a subsidiary prior approval based on the general headquarters of about 1% to 2.5% of the gross profit margin into the sale price to determine. As the Group's pricing factors, sales in value-added is significantly less Chengdu is a major factor causing the low tax burden. .
Lenovo (Chengdu) co., Ltd., have achieved a larger sales and tax amounts are relatively low. 2006. July, Lenovo (Chengdu) co., Ltd., the accumulated tax on sales of $ 14.42, taxable Golden 36.63 million tax burden is 0. .025 per cent of taxable sales and taxable Golden contrast between the two indexes..
More information, please read the MSN Chinese net http://yuanruhui. . Spaces. . Live. .com / blog / business blog http://yuanruhui. . Blog. . Bokee. . Net. .
Lenovo Group high-priced call Lenovo mobile 2009-12-20 16: 00 news blog.
After selling 100 million U.S. dollars to 200 million U.S. dollars to buy back; former executives cash in 60 million U.S. dollars Yu Bing. .
Kenilworth (Peng-Wu) to 1 billion sale of Lenovo mobile 22 months after the announcement yesterday, Lenovo Group, to the price of us $ 200 million from the new El company, Hong-Yi investment investor Department purchase Lenovo mobile communications technology co., Ltd. 100% ownership. Acquisitions in the cash price 1.54 million cover the remaining 4600 million will be issued per share $ 4.407 8089 million shares at the price of share-based payment. Buying a selling a doubling of the valuation.
Lenovo Group yesterday issued a notice displayed in Hong Kong after the shares of Lenovo Mobile constitute a step for the new company holding 20%, Shenzhen Investment 30%, Jade Ahead 40%, Super Pioneer 10%. The deal will pay the company 40 million U.S. dollars of new step, of which 24 million U.S. dollars in cash, the remaining 16 million U.S. dollars to 28.14 million shares to pay; will invest all the cash to pay 60 million U.S. dollars in Shenzhen; will be 50 million U.S. dollars in cash, 52.76 million shares to pay Jade Ahead (Hony Capital wholly owned). .
January 31, 2008, Lenovo Group announced the sale of Lenovo Mobile 1 billion. 22 months, Lenovo also announced a $ 200 price buy Lenovo mobile. Buying a selling a, Lenovo mobile valuations between double its investment in people and therefore profitability.
Lenovo Group yesterday announced the disclosure, the new step the company by the president of Lenovo Mobile Lenovo Mobile Lu Yan and the other management control in 2008 to 16 million U.S. dollars in price, from two wholly-owned subsidiary of Hony Capital and David long Jade Ahead enterprise in the hands buy 20% stake in Lenovo Mobile. Hony Capital is the parent company of Lenovo Group Lenovo Holdings owned 45% of the private equity firm, it moves Lenovo Lenovo took over the sale of 60% of the shares. .
From this acquisition transactions, new Al the 20 per cent of the equity value becomes 4000 million. Thus, the management team at lvyan more than one year, the profit of $ 2400.
In this transaction, the investment control of Shenzhen who had served as senior vice president of Lenovo Group, Mr. Yu also cash in 60 million U.S. dollars. YU Bing-controlled "Shenzhen Investment" hold 30% stake in Lenovo Mobile, Lenovo Group to pay all of its current cash. Step with the new firms, Lenovo did not disclose investments in Shenzhen when and at what price to buy stake in Lenovo Mobile. .
Refocus on mobile terminals.
Lenovo CEO Yang last night, said in a telephone conference, 22 months after the "repo" Lenovo Mobile Lenovo Mobile Internet Device market, long-term concern after the decision. Lenovo Mobile Group will next continue to strengthen and expand the PC market lead, while, around the mobile Internet Strategy to incubate and develop new business and the business. .
2008 April 16, stripped out Lenovo Group of Lenovo mobile in Xiamen declared that "new start", then the Lenovo holdings CEO LIU Chuanzhi, after completing the equity transfer, Lenovo PC can focus on your core business, while Lenovo mobile can focus on mobile product design and development, production and sales, and hope that Lenovo mobile future can separate listing ".
"At that time mobile phone business by the cottage of the impact." Yang said, "is to improve the management to consider the more PC performance and focus on core business, the next step is not considered a priority. And now we need to lay a solid foundation for further development This is related to the company's life and death matter. ". .
Lenovo had split Lenovo mobile handset business year brought 3000 million loss. Today the "regression", Lenovo mobile had deficits. Lenovo announcements yesterday showed that as at June 30, 2009 6 months, Lenovo mobile unaudited net profit before tax, the net assets of $ 3999 3.08 million, net of working capital to 1.5 billion yuan, the book also has $ 50 million in operating funding.
Lu Yan, president of Lenovo Mobile said yesterday that China will soon launch for the mobile Internet strategy based on end-products, before the Fang Jian rumors "Lenovo Taobao customized mobile phones for the" very soon the market will go. In addition, Yang said, in addition to administrative, financial and other "back", the Lenovo mobile and Lu Yan future business operations will remain independent of the Lenovo Group. .
Ms Nguyen Huy comment: Lenovo in money-laundering, should be investigated Yu Bing and personal income tax lvyan.
1, Yu Bing, where what is received 24 million U.S. dollars to set up a "Shenzhen investment" Lenovo Mobile to buy 30% stake (allegedly huge property from unidentified sources) should be allowed to pay personal income tax 73,423,725 yuan (24 million U.S. dollars * 6.8 = exchange rate 163.2 million yuan, calculated using personal income tax software, net of RMB2000 yuan and the "Four Golden" post) * times = fine 367,118,625 yuan. .
2. What is lvyan where $ 1600 was founded the "new company" buy Lenovo Mayer moved 20% (large possessions) should allow it to be subject to personal income tax 48943725 Yuan (1600 million * exchange rate 6.8 = 10880 million Yuan, the use of personal income tax software to calculate deductions, and the "four RMB2000 element gold") * five times = fine 244718625 Yuan.
Lenovo's purchase of Chinese glass. .
Source: securities market weekly, Zhao Yan, Zhang ye Chen ling, editors, Jan Xiaoning.
Privatization of state assets has always been restless under the iceberg. Property rights reform in the current form of state-owned enterprises and the path against the background of another dispute settlement, Lenovo's move doomed to calm. .
Reputation of the Association, at Suqian's State-owned assets. From the start, due diligence, to open the door to Sams, Lenovo, to its overseas listing, and only one and a half years. This lightning takeover battle behind the acquirers, robbed in policy barriers come before pressing return huarong and cedar, and other strong shareholder, clearing the stumbling block of wisdom exhibition.
The evening of 24 September 2005, Nanjing, Lenovo fifth Young Marshal - Hong Yi Investment Consultants Limited (Hony Capital), President John Zhao Huan is bustling as an acquisition, but in less than 200 km away from the Jiangsu Suqian, he had just completed work on an acquisition is distributed with the spirit of Lenovo flavor. This work is listed in Hong Kong in June this year, the Chinese glass (3300.HK), and the birth of Chinese glass, also founder of Lenovo Liu began from the role of capitalist entrepreneurs to convert. China Glass is Hony Capital acquired the product of state-owned assets.。 At this point, the glass of staff to the securities market weekly report: Lenovo to the Enterprise family expanded a series of acquisitions, there might be suspicion of State-owned assets from loss. In the securities market weekly, then see an contain a story: a group of capital investment, has designed a set of perfect investment programme, Hong Kong, mainland China, will resources assets moved to Hong Kong listing and financing. In order to facilitate operations, tax havens in the British Virgin Islands, Bermuda is not without tools. And State assets in the story is a win-lose, pending the results of the test of time.
Second, successful smile. .
An investment sources told the securities markets weekly: tale of the acquisition of Chinese glass was wonderful and rapid, and Hony's and Zhao Huan background about enable. For Hony, outsiders always only be heard, not people. And Hony similarly rich mystery has been deliberately avoid acting on orders of Zhao Huan.
It is said that Liu Zhao won the favor of Northwestern University's Kellogg School MBA graduate, entered the USROBOTICS company, to 9 billion U.S. dollars in 1997 the company sold to 3COM Corporation, then in the Wall Street business. Lenovo Group in 2002 was invited to serve as consultants, in 2003, formally joined the association. In the same year in December, Bank of China Group Investment Limited Legend Holdings to sell a package of bad assets, book value of roughly 7 billion. Six months later, Legend Hony Capital Holding set up quickly. .
Zhao Huan overseas that have accumulated abundant investment experience, but he prefers to focus on Chinese enterprises, especially the critic invited him to join the Association, he has no hesitation: Lenovo China early rare state-owned enterprises, one of the winners, and manage sophisticated international leader. From restructuring – development – the way of internationalization, experienced there that wealth. These things on the reform of State-owned enterprises should be of great help to us, we feel that Lenovo in SOE reform can play a greater role.
It is understood that the operation of Hony Capital Fund, a fund similar to the international acquisitions (Buyout Fund) and the international popularity of the acquisition of funds, its goal is to mature enterprises and their control. However, acquisition of funds and the international development of the deep, Harbin Pharmaceutical Group, and acquired the long-running tug of war than the glass before and after the Chinese Hony Capital acquired more than a year only. .
Shortly thereafter, glass for 23 June 2005 listed in Hong Kong, mainland 2005 were the only two red-chip companies. China glass 7 million shares, has expanded its equity 3.6 million, after the first day of the IPO worth 8 billion. Hony owns 62.56% stake.
On that day, Lenovo chairman Liu and China Glass Holdings chairman John Zhao Huan's face looked in at the open of champagne. .
Implication of Lenovo's wisdom and foreign investment fund of smart and savvy tangy through the Hony. Now, another State-owned enterprises – Beijing Changping glass group became Hony's next target.
It is said that two executives of Chinese glass has been for the acquisition of Changping District of Beijing Glass Group busy for more than three months. The group has two float glass production lines, asset size and the Chinese glass rather, is the capital of the first float glass business, if successful acquisition of the business, assets, Chinese glass will grow twice as Hony Capital's earnings will double to enlarge . .
Hony established one year seems to have harvest in autumn season, which is taking place in the reform of State-owned enterprises, foreign and domestic acquisitions, subtle changes in foraging Fund difficult environment no doubt do the legwork.
Third, acquisition of long drama. .
China glass is Hony classic. Story ideas: Lenovo advance million acquisition of Suqian city-owned assets management company (hereinafter referred to as Suqian Sams) – and thereby control the companies all State-owned assets – the State-owned assets sold to Lenovo overseas companies – the State-owned assets listed in Hong Kong-listed companies continue to acquire other State-owned enterprises will make a big cake – 6 years after Lenovo cash exit. Obviously, this is a long drama.
Off began in April 2003, when state-owned enterprises in Jiangsu Province will promote the transfer of property rights, the Soviet Union Glass Group state-owned shares traded. Soon Su glass chairman and general manager Zhou Cheng received the former Economic and Trade Commission official in Jiangsu province Tel: Lenovo come, and glass are interested in the Soviet Union. Zhou Cheng drove Ganben Nanjing, pick up a man named Xu Minsheng person, Xu served as Legend Holdings Investment Group (Hong Yi Investment former) investment managers. .
It is said that there was glass group on Zhao Su the interest and enthusiasm but. Xu In August 2003, Xu Min Sheng led 4-member team stationed in Su glass group. When the face of clear-glass group schema is rendered in front of the Zhao Huan, Zhao immediately on Su Frente group Jiangsu Mr. da new material co., Ltd. (hereinafter referred to as Mr. da) interest. Furthermore, Mr. Su glass group, as is the debt to equity enterprises, their second, three major shareholders are huarong, Xinda two asset management companies. Only two asset management companies, not to proceed with the recovery of assets investment nature make Zhao aware: good luck!.
Goal is to Su Freshwater, which is the core of the Soviet Union Glass Group assets, the potential well, as long as there is money to protect, grow bigger, there is hope to become a competitive Mainland industry leaders. Of course, this Hong Kong-listed companies to get financing no problem. So, they began the detailed planning the acquisition path. .
It is understood that Mr. da was established in 2001 and is also financing market. At that time Soviet glass group core capital, holding 51%, China huarong asset management holding 37.96, Xinda holding 4.04%, 2% of Zhejiang University, Zhou Cheng, executives 4.88 percent. In January 2002, Mr. counselling up to enter the market. Mr. da performance fine, 2003 net profit 3800 million, earnings per share of more than $ 0.6.
To win this piece of quality assets, Hony Capital designed compact path: first acquisition of the ultimate controller of the Soviet Union Freshwater, Freshwater Soviet Union to achieve the purpose of control. Su Freshwater is the ultimate controller of state-owned assets Suqian, Glass Group, which holds 63.5% stake in Su Su Su Freshwater Glass Group also holds a 51.12% stake held by Suqian Huaxing new material Limited (Wah Hing, operating Su Freshwater second glass production line, from the Soviet Union Freshwater holding 80%) 20% interest. According to this structure, if the control of state-owned assets Suqian, Su Freshwater can be easily hand. .
Since the acquisition of Hony's ultimate goal is to achieve Mr. da assets listed in Hong Kong, morph red chips, natural need of foreign investment. Thus, 31 December 2003, was registered in the British Virgin Islands Easylead Management Limited (hereinafter referred to as EML) and registered in Hong Kong Ming co., Ltd. (hereinafter referred to as the southern Ming dynasty), and the Mayor of Suqian Zhangxinshi Suqian Municipal Government signed an agreement to RMB 650 will be 60 per cent of the assets of Suqian, 40 per cent of the shares are entrusted to EML and naming.
British Virgin Islands tax haven of the world that not only exempt from all local taxes, the minimum registered capital of the company and no restrictions, any currency can be registered as a capital, a dollar can register a company, but managers do not report data accounts and annual reports are not public. Many mergers, acquisitions were registered offshore companies in the region, the acquisition tool. .
It is understood that the EML and naming are associative enterprises in the background, the former by Cao Zhijiang, Zhang; Liu duo the total equity of 1/3, Cao is Lenovo's Vice President of holding, Liu is Lenovo holdings prior to retirement, Vice President, Director of the southern Ming. The latter is a wholly-owned by Lenovo holdings. The EML and nanming is Hony's shareholders hold Hony 60%, 40% of the equity.
EML and Ming managed state owned 100% interest in Suqian, immediately got the local government's discretionary power: the acquisition of the follow-up initiative. Managed in accordance with the agreement made: EML and Ming Su Lumpur to participate in and control group was involved in restructuring the acquisition. Therefore, they followed a series of acquisitions sense of the word, and return Huarong, Cinda, will Suqian state-owned assets have reverted to its all assets. .
The first step is to first be huarong, cedar from clear glass group (both hold 33.13, 3.52% Su glass group equity). In October 2004, in December, respectively, and huarong assets Suqian, Xinda signed an agreement with the former to 2600 million acquisition of the latter two are held by Su glass group equity; almost at the same time, respectively, and huarong assets Suqian, cedar, Zhejiang University signed an agreement to RMB after the full takeover 6212 three held by Mr. da equity they cleaned out Mr. tat. The other shareholders to clean out, from State-owned assets into Suqian Su glass group, Mr. da, huaxing assets have all been at Hony. . .
IV. transfer overseas.
Asset gathering is completed, the most important thing is to move the assets abroad, in order to achieve overseas listing. This removal process, Zhou Cheng on the other media interpreted as a realization of the privatization process overseas. Privatization of state-owned assets has always been restless under the iceberg is the biggest challenge facing the acquisition fund, is also present difficult international buyout fund gains an important reason, because the state-owned enterprises to sell a controlling stake of foreign capital, there policy barriers. .
But this is an exception, Suqian municipal party Committee, hatred and a controversial figure of the famous, its not underlined can sell shares, unit does not rent, sell. On the right Mr. da holdings sold to overseas company acquisitions, support. Thus, Zhao Huan not selected for the enterprise, but also selected to the right place. Local governments agree that the company management of nature is not a problem – provided that the design of its favourable.
September 8, 2004, the British Virgin Islands has born a new company - Success Castle (castle into a company, the legal representative is John Zhao Huan) the company's three shareholders were newly registered in the islands of First Fortune (83 .41%), Swift Glory (11.71%), A mple Best (4.88%). The former controlled by the association, the latter two weeks of sincerity is 100% owned company executives. .
Two months later, the castle became the company's State-owned assets, respectively, and Suqian Su glass group signed an agreement to RMB 6284 million and the acquisition price of 6572 both held by Mr. 48.88% shareholding, 51.12 percent, so that the castle into the company owns 100% of Mr. da. ..
In the previous October, the Chinese glass incorporated in Bermuda, static and so the arrival of Soviet Freshwater. .
2005, China glass acquired First Fortune, Glory, A Swift mple Best owner became the company's equity, of Fort after 3 respectively for China glass 83.41 per cent of the share capital, 11.71, 4.88 per cent. At this point, the whole dish takeovers Hony, convertible, the operation is complete, the glass has become the company of all shares of Fort, Fort became the company has adopted Mr. da full ownership. While the company's management also diverted through a glass in China holds 16.59%, both sides win.
First Fortune as Hony Capital holds all the shares, and EML, Ming Yih investment were holding 60%, 40% stake, therefore, through a series of operations, Suqian state-owned assets, the Soviet Union Glass Group, Su Freshwater, Huaxing controlled almost entirely Lenovo . .
In all acquisition is complete only after 1 month of 23 June 2005, the Chinese glass landing Hong Kong motherboard market, placing release 9000 million shares, the price of HK $ 2.18, nearly $ 200 million in financing. Action very rapid progress.
5, rapid acquisition of the back. .
From mid-2003, due diligence, by the end of the signed agreement of Suqian State equity managed to open the door to China glass, only half a year. This lightning-fast acquisition spree acquirers, robbed in policy barriers come before pressing return other strong shareholder, clearing the stumbling block of wisdom exhibition.
The end of 2003, owned Assets Supervision and wind tight, SASAC introduced the "Interim Measures for Transfer of State Assets Management", has issued local SASAC, at February 1, 2004 implementation of the provisions of state owned trading center for the transfer of property rights must be entered. .
In order to race against time, 31 December 2003, the Zhao Huan and Suqian City Mayor Zhangxinshi formally signed agreement of Suqian managed assets. Just in the SOE transfer managing formal implementation of the previous two months. Zhou Cheng said, the agreement was signed on 20 January 2004, the lunar new year's Eve. This time which policies, 10 days before the race, more!.
The sale of a Breakthrough, contributed Suqian Foreign Economic and Trade Commission: China Glass IPO prospectus, December 31, 2003, Suqian City Economic and Trade Commission to approve the terms of the trust agreement, giving Hony Capital provided acquisition financing Suqian States a great guarantee. Zhou Cheng said in an interview with our correspondents, the date of the acquisition agreement was signed January 20, 2004, the Lunar New Year's Eve, if that's not true, then, that is, in the Chao Ling Zhang Huan and before the actual signing of the agreement, Foreign Economic and Trade Commission Suqian has approved the terms of the agreement, which is obviously unreasonable.。 Now, at 31 December 2003, 20 January 2004, has no real difference, as a matter of law, 1 February 2004 on the State-owned assets into operation a new deal is not retrospective, Jiangsu provincial government in 10 months of the approval certificate, issued after approval at the time of the transfer of equity assets Suqian. In this way, they thoroughly Suqian State-owned assets into a foreign-owned enterprise.
This means that, for the subordinate entity of state assets after the company Suqian a series of acquisitions, will become a wholly foreign-owned enterprise restructuring actions, will avoid the State Assets sight. .
Race against time because, in addition to these "rules" constraining the reasons, there are 24 January 2005, the State administration of foreign exchange will publish on perfection of the Foreign Exchange Administration-related issues (No. 11).
Both were touched at home and overseas companies listed on the main channel - red-chip listing mode. It is understood that, on the 11th paragraph as the block Nei capital flight, Zai to leave the territory of foreign capital status Shougou Gong Si control, for Guiding domestic Ju Min, directly or indirectly establish or control Jingwaiqiye, Yi Hou Yao Jinhangshenpi (Yuan Lai yes registration system) and that domestic residents transfer domestic assets and foreign equity in exchange for shares and other property rights, shall obtain the approval of foreign exchange management. .
11 article actually broke the red chips listing popular practices, in the past have long been listing had sprung off, you will find a new way, but after all, time consuming and laborious. The pace of the acquisition must be fast. In the policy gate close by Hony finally victory rush end, complete a series of acquisitions. China glass 23 June 2005 in Hong Kong motherboards on the market, making it the 2005 Hong Kong-listed as one of the two red chips (the dynasty liquor), the investment community have bitterly envious heart beating.
6, with the former management of power. .
Although Hony international acquisitions fund, while in the glass case, and other international acquisition Fund. International acquisitions fund intended to gain control of target enterprise, the aim is to get to the purposes of transforming enterprise it value-added measures absolute right. Performance select Enterprise Manager, access to business opportunities for error correction.
However, access to the control of Hony Capital, but left the original management. Although this rule of international buyout funds often different, but the successful acquisition of the former management, which played a pivotal role. Among them, Zhou Cheng's role can not be ignored. .
As far as I understand, investigate as Deputy Secretary-General of Suqian city, serves as CEO of State assets Suqian, Jiangsu glass group Chairman. Until 18 March 2004, the local Government has issued a notice to exempt its Deputy Secretary-General, the President of Suqian owned assets. Prior to this, also served as Deputy Director of Suqian City Commission. In 1997, week as Su Frente group in 2000, Sue glass group to win the State Council approved the second batch conversion of debts into shares; Enterprise qualification.
Then there are so many one episode: when enterprises will have to separate main and auxiliary industry by the audit, evaluation destroyed historical baggage. However, if this operation, in accordance with the asset and debt structure, the Soviet Union Glass Group will be Huarong, Cinda Holdings. Zhou Cheng wish to see results. To enable the Group has a controlling position of the Soviet Union glass, they step into shares, the claims of the two asset management companies into two, part of the glass into the Soviet Union Group, a part into the Soviet Union Freshwater. This ownership structure is also set to 7 years later, provided for the Hony Capital acquired a prerequisite. .
From then on, we hope to see Mr. Dag, and aspirations. In Mr. da Cheng building, week, several executives got 4.88% stake.
Intended to finance the Su-listed Freshwater, soon found the way A-share listed within the foreseeable future. Zhou Cheng unable to go, he wanted to break through. Lenovo appears to make a dream come true. .
The acquisition of Hony cooperate actively with the week. Follow and huarong, Xinda debt-equity swap agreements reached during the sale of State assets Suqian Mr. da and stock Sue glass group, huarong, yoursender has veto power. In order to solve this problem, Makoto out ideas will clean Suqian split State assets sold to Lenovo holdings in companies incorporated overseas for the purpose of privatization. Also, for convenience, 31 October 2003, the initial Suqian State split another two State-owned enterprises, leaving only a Su glass group.
After weeks of sincerity through the unremitting efforts, Huarong, Cinda all out. December 23, 2004, the Soviet Union transformed into wholly foreign-owned enterprises Freshwater. .
An insider told the securities markets weekly: two asset management company does not want to quit Mr. da, the company has entered the performance increase, net profit increased rapidly. But the week Cheng and relevant departments all work, finally, huarong, yoursender has to retreats.
Su glass business information group, October 30, 2004 Zhou Cheng Su glass group hosted a 2004 shareholders meeting, adopted a resolution Huarong, Cinda, will hand the Soviet Union Glass Group 33.13%, 3 .52% stake in state-owned assets transfer to the Suqian, give priority to other shareholders. .
Since the acquisition of Suqian EML, naming, although the State after the company changed to foreign-owned enterprise, renamed Su Frente development co., Ltd., the acquirer has not posted to the company's management also held in the week we have on hand. Zhou Cheng, executives hold China glass over 16 per cent of the equity and in accordance with the follow-up to the plan, the company executives have the right to continue to increase their ownership. Both parties are happy.
7, return of cash. .
Hony in 1 and a half years, trotted will implement state-owned assets in the Hong Kong market, rapid release. Its huge success, so that capital story became a popular Hony investment banking sector.
However, as is the acquisition Hony Capital fund, end the operation to complete a closed loop of capital, return of funds invested in cash. In this way, the inevitable as the year, Morgan Stanley, CDH Investment and the British Union investment shares as Mengniu Group, is for the purpose of investment income. Liu also said that Hong Yi Investment Co., will not do. .
But the reality is that. Prior to listing in the glass, Hony capital withdrawal has been to design a good channel, future plate is British Pilkington (Pilkington). Pilkington is the world's largest flat glass and glass enterprises is one of the inventors of float glass technology. Previously participating yaohua glass, but was unable to fully achieve its stated strategic objectives. In February 2005, Pilkington global Senior Vice President, Jerry made in Beijing and Zhao Huan and have the cooperation intention. 3 June 2005, the equity agreement was signed. Pilkington 1000 million purchase of China glass 9.9%.
Lenovo exit, Zhou Cheng did not seem prepared for that, previously with the Chao Ling Huan to Pilkington UK headquarters lobby, although not mentioning the introduction of Zhao Pilkington is paving the way for the Hony Capital withdraw, Zhou Cheng had a rude awakening. It is said, returned from England, see the story of director John Zhao Huan end, Zhou Cheng carefully lost, he had to accept a fait accompli: Hony Capital will be one day out of Chinese glass. .
China glass prospectus clearly draw Hony exit path and steps: 3 June 2005 agreement on the acquisition of the glass of the first shareholder First Fortune agrees to enterprise investors (Pilkington) grant of right of first purchase, since the listing date six months after the first year, the latter may purchase shares of the former, so that the shareholding increased to 29.9%. At the same time, Pilkington's second right is: since July 1, 2011, 6 months, you can purchase First Fortune holds all the shares of the glass. In other words, six years later, Zhao Huan riding may cause foreign and Chinese glass to disassociate.
8, the Chinese state-owned assets of glass or cheap? . .
Although Hony microhand rapid manufacturing a stock company, the end is not listed, Suqian city, and many State-owned enterprise reform, the glass is also the same torture: the presence of State-owned assets losses?.
By the end of July the day, correspondents saw in the Soviet Union Freshwater plant bustled. Shuttle between the forklift is transported from the production line out of glass, a few foreign license suspension truck parked a large factory, waiting for loading. Su Freshwater net profit of more than 3800 million in 2004. .
Here the staff don't know Hony, they only say: 650 million sold in "as the hen". I mean the EML and managed with 650 million nanming Suqian State 100% shares, and will sue glass group and Mr. da, huaxing's assets sold to overseas.
6.5 million yuan of state assets acquired Suqian, in their view Suqian suffered a major loss of state assets. China Glass IPO prospectus, Suqian state-owned assets as of October 31, 2003 net assets are assessed to be 63.82 million yuan, net interest loss of 25.64 million yuan, and 41.1 million yuan identities of staffs in gold, the acquisition cost of remaining 6.5 million yuan. The workers believe that state-owned assets is not so cheap Suqian, in particular 41.1 million yuan identities of staffs payment deducted from net assets, and they now how to release the funds did not hear any argument.。.
By the end of July in a noon of correspondents in the well-being of North Suqian Suqian 12 state-owned assets (renamed Su-Glass Development Co., Ltd.) to see a week of sincerity. .
This is a small house in occupies only Sams, Suqian fourth floor rooms at one end. And with the other units in the case of little decoration, Suqian State is extremely luxurious. As far as I know, including Mr. Su glass group, and companies are in mid-2004 a great decoration, all focused on wood office furniture. Some people say that since the company benefits from the mid-conditional improvement; some say because sell businesses, executives need to warm the hearts of the people.
March 2004, had just retired deputy secretary general of Suqian City, took over the Soviet Union Glass Group 8 years, 50-year-old Cheng Zhou now owns the nearly 12% stake in the glass, but the next chance to get more shares. This result, to sit behind the counter of the week large employers added more to meet sincere and steadfast. .
Zhou Cheng said: "the Chinese glass acquisition, Lenovo is high. But don't sell enterprises cannot be listed in a short amount of time, not to sell the does not present the third line. Over the years, I have a dream, is China's most competitive glass enterprises. At present, China's glass industry is very fragmented, not a company's market share of more than 10 per cent. How to achieve this dream? Crow, just introduced a Lenovo. At first, the establishment of Mr. da is considered for listing, but because of policy reasons, the wait is long, and our new product line are very eager to help. ”。.
Zhou Cheng denied the deduction is 41.1 million yuan as compensation for the acquisition of Hony Capital intends to reduce the cost, he said that if workers do not leave the company, placed the problem does not exist, without payment of compensation; if the employee left the company, we will be given. If you want to reduce the acquisition cost of Hony Capital, would not be 41.1 million yuan compensation figure, but more. Suqian state-owned assets and its holding company, if full compensation, approximately 150 million yuan.。 But this may be a shock. I hope that in the absence of legend and shocks premise, if there is a State-owned enterprise restructuring and chicken flying dog jumps, broken.
Ling-Huan also then told, "Stock Market Week": 41.1 million yuan as compensation is a special fund, they will not move as he, and "I look at statements every month, this money has been in the account on a detour to it.". .
Zhou Cheng said, look at the State-owned assets are value-added or loss depends on the long term. Suqian Municipal Government is very clever, pretty woman first married, SOE reform is such that if Mr. da is not a good enterprise, association or acquisitions. Sold, a listed company, with the first three lines of the building, in the long term benefits to the company's development, but also can improve local employment and the level of the overall economy.
John Zhao Huan said that the acquisition of Chinese glass is fair, not only the state-owned assets in the trading price of Suqian, see all of the acquisition program, "We are not only for the acquisition of Guozigongsi this thing, so we will not buy, we want to Su glass Integration Platform Group to create a most competitive group of Chinese glass, while the realization of this goal, and only in such a mature business association under the operation to complete. ". .
Hony Zhao believes that were pending acquisition of enterprises need, is in fact Suqian State is not so good on the surface. "China glass has published reports, which you can clearly see the industry's blind investment competition 2004, despite the fact that Mr. da profitability has reached the edge of life and death, if not immediately invest in third-line, death is imminent.
Ruan Ruhui comment: Lenovo's purchase of state-owned assets suspected of Chinese glass, whether caused by the loss of state tax revenue? . .
For more information please read the global online space http://cblog. .com .cn .chinadaily..//port/yuanruhui. .cyol cyts community http://home. uid-10006687 blog .com/?.
Category: digital.
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
1. any person involved in the business game?.
Summer opening day unlimited offer! ! ! (Event Time August 8, 2003 - 9 28). .
Can $ 198 price purchase value $ Lenovo 2888 infrared GPRS MMS mobile phone G818 a..
To 998 yuan to 8,388 yuan worth purchase price of the Mobile Intel Pentium 4 processor-M laptop a Lenovo Zhaoyang E100. .
The content is at or above the publicity IT giant Lenovo ongoing promotions, this offer preferential purchasing activities "is really tempting" range, but Lenovo also in all the major media do a large-scale publicity campaign. . Obviously, this is the golden opportunity to take advantage of the good, whom all who see the heart, but in accordance with the "sky will not fall in your lap," this fits-all common logic reasoning, which accounts for cheap definitely not white . Yes, you can see these are only associations of the event additional terms, as an ordinary consumer, you read it in after the main part of the excitement will disappear just disappeared, as follows:. .
During this period the user to the ordinary selling price (bid, except for special orders straight) purchase any day of the same configuration on more than 10 products (10), you can enjoy mobile offers. The purchase of more than 40 (40), you can enjoy the discount laptop computers.
If you only individual users, then you almost certainly have been excluded from the preferential right to the door, the association offers activities in the target group does not include you, but the blade directly at enterprises, institutions Deng operators because you are unlikely to have such personal consumption, which is an almost entirely between the operator and the operator to start the business game. .
Why buy Lenovo without selling, the headquarters of the Association must be in Beijing, he will not do to lose business, nor for their losing to hype, this promotional programmes will hide its profitability, which is exactly why we need to search and reveal. You can clearly see that in a separate offers to buy sales policy, Lenovo is significantly lower than in the mobile phone and laptop computer costs in the price of sale, this is no doubt the lose of the concessionary, Lenovo in the purchase of loss amounts: (accounting assumption that Lenovo offers to buy cell phones and laptops offer and market price).
Option One, 10 computer discount buy mobile phones per 2888 yuan -198 = 2690 yuan (loss). .
Scheme 2, 40 PC offers notebook $-$ 998 8388/7390 (loss).
Even though Lenovo's mobile phones and notebook computers offer a little water, but squeezing out the moisture that commodity prices will not be as low as one to two fold, while the discount on the purchase price to be paid by less than the price of mobile phones and notebook computers a fold and two fold, a loss would create.。 Just with ordinary commercial marketing or have secretly entered the law prohibited the black zone?.
2, Lenovo marketing suspected what? . .
The unfair competition Act expressly prohibits operators adopt commercial bribery means sales or purchases. As a commercial sales measures, Lenovo's preferential purchase program seems to be beyond reproach, but also for ordinary individual consumers seem to be good without the disadvantages, but the quantity and amount of transactions that have been largely ruled out the possibility of personal consumption. "If this kind of purchase activities occur in the transaction between operators, there is suspected of bribery in may", and related legal experts think so. . .
The most questionable is associated with this initiative the "preferential purchase" what nature? whether suspected bribery? if so, to what extent were arrested for bribery and suspected of bribery in? we under the law of unfair competition and commercial bribery is closely related to several cases of: microcredit advertising gifts, rebates, discounts, commissions, bonus prizes and to analyse.
"Anti-Unfair Competition Law," Article VIII: "operators are not allowed in the commodity trading unit or individual to the other bonus of cash or goods, but in accordance with commercial practice, except gift giving Xiaoe advertising, violates the above provision as a business Bribery. "activities can be classified as small Lenovo advertising gift range? If only from the concessions and to do or pay part of the purchase price of view, this is clearly not the gift; if symbolic "buy", we'll try to be categorized as gifts, it's clear that Lenovo "gifts" even minus the amount Some paid as much as 2,690 yuan, respectively (cell phone) and 7,390 yuan (laptop), far more than small areas.。.
This behavior is a rebate offer to buy it? Commission's statutory requirement is Secret Kickbacks, but the element has been controversial, because if the way to express it not be recorded circumvent the law? And in most cases, the main commercial bribery is, the operating person is a legal person or other economic organizations, and commercial bribery is the operator and not more than the behavior of individuals (other than the individual operators), Zuo Wei maintain the overall behavior of a whole. So in many cases no need to call is unlisted secret, is entirely expressly stated. Of course, a stronger awareness of the law in practice often means Secret Kickbacks taken to reduce risk.。 "If Lenovo dealer does not provide preferential purchase invoice, and the buyer operators did not actively concession to purchase copies of the invoice, which is suspected of constituting commercial bribery; if Lenovo dealers issued invoices, then" accounts "to secret rebates that may be based on current law, there would be no, but it does not demonstrate this behavior was not arrested for bribery, nor does it indicate that does not result in corrupt practices, which we later on that account surreptitiously" bribery..
This offer is a discount? Discount is none other acts of nature, which is an indirect price reduction act, the operator freedom to sell discount that, under normal circumstances is lawful. The important feature of the marked price of goods is proportional to the discount, Lenovo is clearly inconsistent with this act. .
As regards the Commission, is the business activities of a reward, is an independent status and qualifications of intermediaries in commerce activities provide intermediary services reward, but Lenovo concessions object just buy 10 or more than 40 PC consumer and therefore not part of the Commission.
Lenovo's offer to buy prizes sales activity is it? The offer to purchase is for all buyers, that is, the main products to meet the conditions of purchase as long as any group can receive the preferential purchase rights, which is similar to Premium Sales. (Another form of sales with prizes is drawing buyers for some type). .
In many cases, the offer is a proper business practices, but also often misused and abused, so as to prevent unfair competition due to supplement and for the normal transaction order maintenance needs, our law the relevant specification, is published by the State administration for industry and Commerce of the Convention on the prohibition of bribery regulations which will be subject to certain conditions of the bonus into commercial bribery. Bonus according to the nature of the transaction object of the operator to another operator's complimentary and operators for consumers with two. . Therefore, if the object of conduct comes with the operator, will constitute commercial bribery, if the bonus for the average consumer does not constitute commercial bribery. Usually comes with the operators in the market transactions, in order to induce trading partners to deal with place, with cash or goods to their behavior. As the association's offer to buy the premise of the activity takes place is the first to buy 10 sets or 40 computers, this is basically ruled out the possibility of personal purchase, generally only enterprises, operators and institutions have such a purchase needs.。 Because of its bonus amount is obviously too high, offer to purchase up to $ and post 2690 7390 $ greatly exceeds the small amount of advertising permitted by range of gifts, which to some extent against competitor to lure deals in excess of the interest of achieving a serious suspicion of bonus-commercial bribery. Thus, Lenovo's "preferential purchase" nature seems to be caught in a bonus-commercial bribery and giveaways in the Middle, then buy Lenovo discounts end and both the similarities and differences between what nature?.
3, Legend of the "preferential purchase of" commercial bribery and comes with style What is the difference? . .
Because in our country in the judicial practice in the promotion of enterprise-scale to device-qualitative similar commercial bribery is rarely the case, it is difficult to have a reference, last year in the household appliance industry concern galanz "where the purchase price of $ galanz 2680, presented to the market for air conditioning rmb2880 watch" promotions, raised a number of industries, this argument since the beginning of this year's voice seems calm, this is one of us can be inspiring and reference case? for this reporter interviewed galanz in Shaanxi Lijun air conditioning Department Manager: Mr.
Reporter: How did you buy last year's event will also air out gift watches it? . .
Manager Liu: such a gift of a promotion we still uphold this year, also in Shaanxi Province, but given the price table, only the $ 1200, and recently also come to an end.
Reporter: Last year the industry argue that you have such a lot of promotion methods, business management came to see you? . .
Manager Liu: no, not business people come to us and no one gave us this promotional practices which violate legal provisions concluded.
Reporter: this promotion you how far away from commercial bribery? . .
Manager Liu: far at NA! if characterized as commercial bribery, we have been stopped, and the activities it has been a long time, and does not appear in this case, we are a legitimate award.
Glanz, a legal expert analysis of the bonus promotion is not the reason to stop: the premise that constitute commercial bribery in bonus behavior between the operator, while the air conditioner to buy a large part of our customers are individuals, which out of business bribery outside, while the previous period, the parties argue that the neglect of the key factors. Even if the operators involved in the purchase of the Galanz have the included air-conditioned, hard evidence. The association of the number and amount of promotion the high threshold, target customers are operators, which is Lenovo's marketing and promotion can not be exactly the same Galanz important reason. .
。 As a small amount of advertising gifts do not belong to the same commercial bribery, because its advocacy role and smaller, but Lenovo offer purchase of mobile phones and laptops to their value in less the payment portion of the purchase price is $ up to 2690 respectively and 7390 element. Although we offer concept not found in the legal definition, but normally "concessions" range should not be very large, Lenovo is sufficient to obtain and use the offer degrees in law, there is no clear limits legislative opportunities, and energy to the extreme.
Were less than one pack and two pack, this amazing non-normal "discount" price is very low, so alone and bundled modest price to pay will be able to draw a line right type of commercial bribery? Now we shift from a cost point of comparison to analyze what type of commercial bribery and bundled offers to buy the difference between Lenovo. .
From the above figure we can clearly see that the bonus-commercial bribery of primary commodities and premium and Lenovo promotions of primary commodities and discount the total purchase price paid by the buyer, and commercial bribery bonus and Lenovo offers purchase final payment in the amount of the total price is exactly the same, just the cost of transfer to transfer the quantity varies: commercial bribery offer is completely transferred, Lenovo offers purchase most of the transfer.
Lenovo to offer to buy goods in the most cost-shift to the main trade-offs, and thus reduce the discount on the price of doing business motive is to to offer low prices to attract buyers to purchase transactions, but as a conditional offer purchase does not stand alone, but the premise of the Principal transaction, which is similar to buying insurance, you need the insurance is often the insurance company included in the additional risks of the content, but most of the main risk is that you are not very satisfied or needed, you want the additional risk, but only if you have buyers risk. .
Of course, in a specific price, the cost of transfer may not necessarily lead to a rise in primary commodity prices, because prices unchanged while the unit profit would be reduced, but because of the gifts of the carrot, the sales increase in the number, scale, so the total profit increases, thus the purpose of reaching a small profits but quick turnover. However, this completely transfer cost bonus mode is not valid, then the Lenovo in most of the practice of switching costs is legitimate?.
Legal experts say can not because the buyer is the actual meaning of products comes with its actual price paid for the purchase price disparities, to deny the substance of their bonus, not because of our existing legal provisions there is no such similar provision, the that the so-called "preferential purchase" is not a bonus. With the continuous development of economy and society, will keep the included forms guise, will have a stronger concealment may be more difficult to identify, but as long as the operators for selling goods to money, property, or travel reimbursement Fapiao the form of inducements such as the nature of the other unit or individual has not changed, we can clearly identify it. .
Another lawyer also expressed his view that the traditional commercial bribery are discriminatory and stealth characteristics. Discriminatory given bribes with each other, the standard is not a clear and unified, for some people may or may not give, offer, even if the same to bribery, different objects may not be the same or less; hidden refers to commercial bribery is generally paid in secret, in private, and not visible to the public. While Lenovo offer to purchase is expressly made public a unified and clear standards, this massive "promotional" approach is indeed a new phenomenon.
4, Lenovo's "preferential purchase of" activities and Premium Sales What is the difference? . .
The main prizes of the law against unfair competition act and under the law of the relevant rules and regulations, etc., for the prizes, the law of unfair competition mainly against commercial bribery, in line with the principles of selling, the law of unfair competition is allowed. The unfair competition Act prohibits the three exceptions: first, cheating, the second is the prized fake and shoddy products, and the third is the draw of prizes, individual prizes over $ 5000.
Lenovo's offer to purchase goods and Premium Sales of prizes both belong to additional terms, but still in the form of some differences, such as: the prize is an incentive to use recipient without paying any price, and in Lenovo offers to purchase activities, the association is a preferential price in the "selling", though at very low cost, are not quite free, the seller is obliged to sell the products for the preferential invoice, but simply because there is no gift relationship between the price paid, there is no such obligation. However, benefits paid to purchase a low price, This is enough to distinguish between him and the free gift of nature it? Or is it merely a disguised form of it? . .
In the State administration for industry and Commerce of the Convention on the prohibition of selling activities and acts of unfair competition, several provisions of the law (1993-12) which establishes a single prize raffle giveaways shall not exceed $ 5000, but rewarding but did not make a specific limit, the Lenovo offer to purchase is therefore legitimate? guojiagongshangxingzhengzongju fair trade Bureau anti-unfair competition Deputy Director Liu Min on offer-commercial bribery and premium is the difference between doing the following explanation:.
。 Operator's bonus is penalized as commercial bribery, the purchaser here refers to the unit. For example, sell a commitment you buy me a million in medicine, I give you something in the hospital must guard against this phenomenon. This phenomenon in the present law is illegal, although there are differences and commercial bribery, but in order to prevent to undue inducement, the behavior is to conduct a commercial bribery. If the seller and the buyer are units to offer prizes guises, is special attention should be paid.
We determine the control authority of the department standard, Lenovo targeted groups of users similar to the Premium Sales preferential purchasing activities, and a series of similar associations of other promotional activities are very likely to be equivalent to commercial bribery. .
5, Lenovo promo for conniving?.
Lenovo's promotion in addition to a brief description of the media outside advertising, no other more detailed provisions of the campaign, which we hotline from Lenovo and Lenovo dealer has been confirmed, but if we carefully study the activity of simple terms, will find that there are many loopholes, for example: Although the association to promote their use offers to buy, buy discount Quedui Who does not expressly limit, this reporter to call the customer as the business association Product pre-Hotline (800-810-1567) and the Lenovo Partner Beijing north latitude bainaohui store boutiques (bainaohui market, Chaoyang District, 2 layers) random interview:. .
Reporter: I see you in the newspaper's preferential purchasing activities, the activities of the newspaper so little content? this activity rules?.
Lenovo 800 pre-sale consulting staff: Newspapers on Jiushi all of this activity, no rules, and fact, this activity is very simple, to buy 10 Taiwan (Han 10 units) we recommend celestial Jilie same Peizhi the computer, you can We used 198 dollars to buy Lenovo offers a mobile phone, also buy 40 discount if you can buy a notebook. .
Reporter: you buy the concession object restricted?.
Lenovo 800 pre-sale consulting staff: We do not limit who buy a mobile phone, unit or individual can be. .
Reporter: what your policy is relatively flexible!.
Lenovo 800 pre-sale consulting staff: you want to buy a computer unit, and then phone their own good? . .
Reporter: Yes, you can give the phone open separate invoices? or phone service I fear no one pipe.
Lenovo 800 pre-sale consulting staff: dealer invoice is open, this should be no problem. .
Reporter: invoice write my personal or other can?.
Lenovo 800 pre-sale consulting staff: Yes, we did not restrict this. .
Reporter: the cell phone invoice amount we pay $ 198?.
Lenovo 800 pre-sale consulting staff: Yes, the details you can consult with our local dealer, I can give you phone our local dealer. .
Interview with Beijing North latitude bainaohui shop boutique:.
Reporter: Do you think the gift shop to participate in "open days of summer, unlimited offers" activities yet? . .
Latitude bainaohui shop boutique staff: of course, we are participating in the Associate level agents.
Reporter: We want to buy some computers, want to consult about this event, activities on the newspaper that it? Are there any rules? . .
Latitude bainaohui shop boutique staff: no rules, so simple.
Reporter: what about the benefits purchasers have restrictions? . .
Latitude bainaohui shop boutique staff: there is no limit, who buy can.
Lenovo's offer to buy this activity generally occurs only between the operator, commodity trading course specific executor, often enterprises, institutions procurement staff, or the act of purchasing power to decide, while the main commodities the buyer and offer to buy the payer and the beneficiary are the same as the fact that trading in the process of suspense, of course, comes with prohibited by law cases, the main buyer of goods and gifts are the beneficiaries of the same issues and does not affect the qualitative bonus as commercial bribery.。 . .
Reporter (customer ID): we want to buy 10 computers, you can offer to buy mobile phone? how the discount invoice?.
Lenovo Dealer: We just want a little more to sell the machine (computer), as to how to handle invoices that are easy to say, gifts (ie discount on products) are open does not invoice line, set according to your needs. .
The Association offers to buy, how to deal with the buyer and the relationship between the beneficiary and will occur in the transaction process corruption, mainly in the Lenovo dealers on the invoicing details, such as handling.
(1) If the association of dealers, including one issued only to the buyer offers to purchase the main product and the aggregate amount of the invoice of goods, then the staff will indicate in the invoice to purchase the product offer;. .
(2) whether the promised customers out of two separate invoices for the primary dealer invoice and purchase invoice discount purchase unit name different requirements;.
(3) only to open the main trading goods invoices, purchase of goods on offer is not invoiced;. .
To do this press to dial the customer respectively on behalf of the associate website listed throughout the store sales hotline for verification.
Reporter (customer identification): If you purchased your computer, buy a mobile phone that offers a separate invoice can open it? Write to buy my work? . .
Beijing North latitude bainaohui shop boutique staff: you can separate invoicing, who is going to buy this without limit, you can.
Shanghai Pacific Computer Plaza 103 boutiques staff: can be individually opened, you can not open, no restrictions on who is buying. .
Anwar computer co., Ltd. of Shenzhen City boutique staff: mobile open can not be invoiced, who buy without restrictions.
Wuhan Tian Ze Lenovo business boutique staff: individuals can fill mobile phone invoice, no problem open to you alone. .
Harbin North Union shops staff: who's buying Mobil that does not require that the phone can not be invoiced ….
Reporter (customer identification): If I give you a check, the 198 dollar offer to buy mobile phones are included, in the development of votes can not be reflected when the phone name? . .
Beijing North latitude bainaohui shop boutique staff: no problem, you can see it.
Shanghai Pacific Computer Plaza 103 boutiques staff: Yes, no problem, you come on our careful. .
Anwar computer co., Ltd. of Shenzhen City boutique staff: invoice can name does not appear on the phone.
Wuhan Tian Ze Lenovo business boutique staff: the cell phone more than the amount of the invoice where you can not show phone. .
Harbin North Union shops staff: you can put computer and cell phone invoice out together, does not appear on the phone name on the list ... ....
As the sales associate interviewed more number of terminals, and the answer to similar content, this is not enumerated in order to avoid repeat. .
More extensive interviews confirm that the Lenovo this preferential purchasing activities, the dealer has a serious suspicion of bribery, there is also a high risk for the buyer, bribery, corruption, opening the door and offers to purchase the following Lenovo dealer Obscura relative to "flagrant" bribery, and very subtle, so this makes it easier to contribute to the abuse of power and corruption from occurring. This is associated with this large-scale sales activities in the first place? but for sure willing or at least, Lenovo in the law of mistake "too close", or at least willing or unintentionally take advantage of the offer to purchase this as an opportunity for bribery.
6, Lenovo played what role? . .
Reporter (customer ID): our company has recently purchased a computer program, I saw your preferential purchasing ads, so I want to talk.
Lenovo staff: The "open days of summer, unlimited discount" promotion from Lenovo is responsible for planning and publicity, and from all over the distributor responsible for support the implementation. .
Reporter (customer ID): Lenovo have their Terminal sales?.
Lenovo staff: We think of all the terminal sales by dealers all over the responsibility, and Lenovo's own do not do direct sales terminal. .
Reporter (customer ID): we buy a computer and offer to purchase the product, how to open invoices?.
Lenovo staff: sales invoice customers by dealers open to you, the details you can give them advice, Lenovo is not responsible. .
7, distributors play what role? . .
Dealer as a performer of Lenovo sales terminal, at which promotions are both participants and activities of the specific implementation, and Lenovo are interdependent, and share weal and woe. When faced with Lenovo in promotions in unintentional vulnerability, many dealers have this as an own lift sales and increase sales to opportunity from a large number of interviews, "as long as it can sell more, how to open the invoice machine is good" idea is universal, this provides dealers and buyers of bribery and relaxed for a breeding ground for taking bribes, corruption may:.
(1) Lenovo dealer offers to buy goods not invoiced, the invoice only indicate the main trading commodity price and name of the Lord;. .
(2) associate dealer a "fuzzy" invoice directly benefits paid on the purchase price for the commodity trading account master invoice amount, but you do not specify the name of the purchased product offers;.
(3) association of two independent dealers out invoices, and purchase invoices to purchase products offer people the purchase invoice with the main transactions were inconsistent with the preferential purchase of products can purchase the purchase the buyer the right operator or other, which is a clear account of commercial bribery secret. Although this approach is clearly account for the benefits that dealers do buy out the invoice, not the current "Interim Provisions" in the prohibited off-balance secretly rebate form, but this new approach, indeed, in fact from to induce the effect of buyer transaction suspected of corruption and bribery. .
。.
8, Lenovo and his dealers suspected of damaging anything? . .
Operators, the cost of commercial bribery tends to compensate in other ways, such as elevation of commodity trading price, reduced product quality and cost, or was supposed to direct price, and a premium price for this kind of indirect manner, thus bringing gifts to the buyer, the buyer leads to increased costs and expenses that buyer ultimately detrimental. Proverb, certain individuals are "affordable" wool in a relevant and "sheep", and the seller is Fisher, never a loss. . .
9. what legal consequences.
Legislation is a lag, and is always a legal first, the fact that after legal norms, it is like before the computer does not appear, there would be no law to prevent the introduction of computer crime, as things develop and change as new appears contrary to the spirit of the law of conduct will also be gradually standardized into law, is prohibited. And to "offer to purchase" in the name of alleged acts of commercial bribery, once the management considered to be a disguised means of commercial bribery, the operators will take their practices related to legal liability. .
SAIC to the Convention on the prohibition of bribery regulations did not directly provide bonus and other forms of commercial bribery to bear the legal consequences, but clearly commercial bribery is an act of unfair competition, and therefore offer a commercial bribery should apply the anti-unfair competition law requirements.
Who is punished? According to "Anti-Unfair Competition Law," the provisions of Article III, industrial and commercial administrative authorities acts of unfair competition is the major regulatory bodies, the right to make the punishment of commercial bribery. Industrial and commercial administrative organs have the right to violate legal requirements mentioned above the operator to make the following administrative penalties:. .
(1) according to the seriousness of the Department to RMB 10 000 to 200 000 in fines; (2) the confiscation of illicit proceeds.
Normal business promotion understandable, justifiable and reasonable sales awards, also comes with small advertising gifts irrefutably legitimate, this does not appear to satisfy the ambitions of certain corporate pursuit of profit; may be determined to, perhaps inadvertently, perhaps is not careful, Lenovo and his dealers suspected of commercial bribery restricted; perhaps intentionally, perhaps unintentionally, perhaps inadvertently, but that is we need to reveal to the public and to businesses reminding. .
Ms Nguyen Huy commented: If unlisted way commercial bribery, that relate to tax matters.
Please read the details of Sohu blog http://yuanruhui. . Blog. . Sohu. . Com. .
Categories: Technology. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Digital connection parameters fraud, interpret the rules projector market potential. .
Source: daily economic news, author: Ling Zhu Yu Jianping, the responsible editor: zhengzhihui.
First, recently, a Toshiba projector is consumer fraud be exposed technical indicators, and the "Daily Economic News" through the survey found, the projector's brightness, contrast these two important indicators exist in the Chinese mass market marked phenomenon of virtual, virtual bidder was actually the largest projector market Digital agents and distributors. Digital Why should the technical specifications for these "fake" Deficiency? Newspaper readers projector market in China opened the unspoken rules. .
Second, in the news: Toshiba projector xubiao event brings digital counterfeiting.
Projector general fraud indicators of problems in China, found that from an industry audience. The readers had intended to buy a Toshiba TDP-T9 projector, 2000 lumens of this model is suitable degree of household use. But when he went to buy a computer when the city, they found the publicity Digital color pages will be issued in 2000, marked as 2600 lumens lumens, that is a typographical error in the beginning, but then search for the official website of Digital China, TDP-T9 of the nominal Brightness is also a "2600 lumens." The brightness of Toshiba's Web site were found on the "2000 lumen" instead of "2600 lumens."。.
According to user questions, the reporter and then a thorough search of other Digital products lines was, Toshiba is not an individual phenomenon, the same products were the same brand in China and globally and Digital data on the site, its agents 东芝 Digital, 3M, ViewSonic , NEC, SHARP, PREMIER six brands almost there data vacuity. .
3. dealers displaying hidden rules: xubiao forced to sales pressure.
China's projector market is in rapid development, this year the industry grew by 20%, total holdings of domestic projectors have more than 1.4 million units. NEC, Panasonic, Toshiba and other Japanese products in China, most enterprises from China's largest IT distributor Digital China to complete. Why Is Digital elevation product technical indicator? . .
Journalists visited link one wouldn't disclose the names of the digital Distributor, which revealed that, in fact, those data for indicators of projector is projector industries xubiao's unspoken rules are basically got the manufacturer acquiescence. In fact, the industry is divided into xubiao two aspects, one is the product of the factory, manufacturers, already is xubiao normally such targets lumen for 20 or so is the real value, the other is agents and distributors in the manufacturer's data base themselves for greater xubiao, such data is not good xubiao..
The source told reporters that the Distributor for the enterprises and products, the virtual standard is actually compelling. So common phenomenon due to the virtual standard for two reasons, first is that this trend began to spread about five years ago, has not been the management and supervision of market users, competition forced many manufacturers and sales pressure to accept this rule, we begin false false standard. .
Second, the projector's procurement has gradually tend to government action, after all, projector buyers generally is the education system as well as enterprises, Business Office, the bidding process, there are many uncontrollable factors, China's bid to place greater emphasis on the surface of things, the irrational and the blind pursuit of performance of the product, and pays no attention to the actual function, this has also led to incentive for firms to pursue xubiao. Therefore, the person believes that a more plausible explanation is that foreign firms in order to meet the demand, China has created a high index of concepts.
However, that person also think that such a virtual standard in fact were affected little, Biru, product Jie Shao Shan superscript of 3000 lumens, Ru Guo Liu Ming really intend to purchase the Chanpin 3000, the price more than today Jiuhui Fuchu, Suo Yi for kind of explanation, such virtual standard is to look better. .
IV. reaction of the parties.
1, Digital: ostrich delete data. .
Digital China's largest enterprises in the projector to the projector market technical data falsification in what kind of a role to play, but when the reporter contacted digital projector market Department head Zhang Mei beauty, Zhang Mei beauty only answer "I now accept interview" and then hang up the phone.
Even more interesting is that yesterday's Digital Projection landing again world site, we found previously labeled the incident a "lumen" and other technical data had been replaced by the only blank, used to be able to select search selection in accordance with lumens projector machine has no network capabilities, and according to enthusiasts who reflect, in fact, more than previous days, Digital China for the professional Web sites in the "can not access the" off state, the re-opened just after the change of the data reflects the Divine Land Digital reflect internal problems for users is very clear, but the data do not represent the deletion of Digital China will change the subject of virtual reality. .
Although digital China's official site has erased all xubiao records but when reporters in Shanghai's largest projection products sales to the Metro and Grand port field to the sharp and Toshiba product flyer, digital China for projector xubiao facts at a glance.
Latest data show that Digital China companies listed in Hong Kong reported interim net profit fell 23%, which indicates that China's IT distribution market more competitive, more and more low profits, the question is can it be a business because the market competition in the intense and flagrant fraud? . .
2, manufacturer: fear the consumer misunderstanding.
Digital China as possession of the leader channel, virtual standard technical data are subject to corporate support or acquiescence of it? Named by the subject of the first virtual Hu Toshiba marketing, said in an interview, Toshiba have a certain understanding on the matter, but Toshiba is a partnership with Digital China, the matter should be looking for Digital Communication. .
Sharpe's Planning Department a bit reluctant to disclose the name of the lady told reporters that xubiao situation they know, and also very worried that this would cause consumers of misunderstanding. Current sales no Chinese consumers to convey accurate information, they also feel that I can't let this go on. It is expected that next January, Sharp Corporation Announces implementation of the 2006 ISO2118 standard 1 month later in Chinese sales of the corresponding type of brightness and resolution. At the same time, will make sharp agents to change work in this area.
All investigations are not the only manufacturer Digital virtual object is more clearly NEC's Miss Meng told reporters, NEC's products certainly not vacuity. Products for the same section of the indicators in Europe and the United States and China by region. However, industry believes that in fact the official website of NEC has been the subject of virtual situation. Miss Meng explained that, because the same section for each type organizations are testing out the indicators could be is unified value, according to the Global ISO2118 Biaozhun, Chao Guo brightness nominal value of 80% of the product on can be identified as qualified products. .
3. Industry Association: breaking the law or a special xubiao to check.
Shanghai Information Household Appliance Industry Association, Wang Changsong Secretary-General, said in an interview, no matter how real products, as long as there is the official web site publicity does not match, the phenomenon of virtual object, it has violated the relevant laws and regulations, entirely from the consumer interest in this area, accountability, and responsibility for such compensation not only leave a ten so simple. For further possible, Wang said the Secretary-General, the Consumer Electronics Association to come forward to contact the technical supervision of government authorities to the projector product specifications for special inspection. .
Digital China over alleged xubiao product: 3M: brightness target price. SHARP: stream lightness, contrast virtual high. NEC: NEC although digital China and Chinese Web site consistent with the objective indicators, but does not match its global website. ViewSonic: stream high luminosity also exist.
Please read the details of Sohu blog http://yuanruhui. . Blog. . Sohu. . Com. .
Digital China why encountering tens claim? 2009-02-16.
Recently, the easy to use software CEO Liu Jia Yi and very depressed. .
In January 2008, he found himself in the company's trademark ease of use of the word actually appears in the digital product, not only is the same as the font name, but also very similar. At the end of 2008 on the dealer's Conference, digital, easy-to-use software is digital's brand. Soon the liujia Yu received many phone calls asking the dealer-to-use software is digital acquisition, awkward, the company's marketing was disturbed.
Worse yet to come in January 2009, Liu Jia Yi in "e to create" the magazine noted that Digital's "easy to use software" even openly was named the magazine's "New Year's forum Editor's Choice", Journal of the cottage version of "easy to use software" logo and ease of use is very close to the mark group, which makes a lot of dealers surprised. .
Digital at the press conference of backplane using easy to identify.
After Liu Jia Yi repeatedly find Digital reflect this, but eat a lot of soft nails, had hopes, "negotiated settlement", now had to court. .
"We can only take the most thorough to resist to the face of such aggression and so the logic of the robber and so barbaric plunder!" he in QQ message, usually mild liujia Yap-seem a bit angry.
At first he told me that claims 1 million to Digital, then I changed to "tens of millions" It seems he wants to do some Digital fight. .
Easy-to-use software is a financial management software for small and medium-sized enterprises, it is easy to use software liujia Yap-CEO, their official website is:.
"Focus on small business management software, large independent software vendors, has always focused on small business information technology, ease of use, simple, practical, Tong Yong, close to the status of small business management software has been Zhuiqiu yes Yi Yong's Mubiao. Beijing-to-use software Youxiangongsi Quanmian IMPACT action in progress!. " .
I used to make fun of him, useful friends, kingdee, they will have a market you? he told me that they focus on the SME market segments, the software also has a large software soft ribs. In my impression, he is very fond of easy-to-use this trademark, "do you have easy-to-use software." In addition, he is easy to use in the small business market share was very satisfactory.
Liu Jia Yi attaches great importance to safeguarding the rights, the official website of "comprehensive anti-counterfeiting," the show this determination. At the end of 2008, they won a "friendly" name of the Rights lawsuit, a letter will be called the Easy software company, in the press, the site many times the illegal use of "easy" in the end, they were sentenced " unfair competition "and advertised an apology. .
This year the Lenovo Group, for the first time in two years, and up to 2009 the critic also is not optimistic. Digital China is split from Lenovo Group, the strength of a very strong. Digital China alleged copyright infringement is a bit out of my expectation, and the defenders more liujia Yap-a little out of my expectation. After all, easy-to-use and digital look is not an order of magnitude, and litigation, and defeat, but I believe that will safeguard liujia Yap-stick.
Easy to use and easy to win a lawsuit must be human rights activists believe, easy to use software package Digital, easy to use software president Liu Jia Yi, Liu Jia Yi in Shuyang Shuyang Software Summit and the Government signed an agreement entered Shuyang Software Park. .
For more information please read the NetEase blog http://yuanruhui. .blog. .163. .com/.
The first case of ERP in China: the plaintiff was 2,000,000. .
Reporter: Wang if hanxuan, Liu Hua, Beijing, Shanghai, Guangzhou reports.
1, hit 15-month ERP lawsuit. .
On the eve of the Spring Festival 2002, now ranked Digital's original Lenovo integrative system co., Ltd. and Beijing Lu factory in chongwen District Court, under the auspices of the Economic Chamber of the Court of conciliation between: 28 February 2002, by the defence before the original Lenovo integrative system co., Ltd. in Beijing to the plaintiff side open factory pay; 28 February 2002, the plaintiff will MOVEX computer management information system hardware and software (not including wiring) return of the defence (in fact retreat in digital) for domestic first ERP system implementation services lawsuit..
As the first "ERP case", this last 15 months of litigation eventually paid 2 million yuan to implement service provider end, its meaning is probably already beyond the "three-exposed plants to defend the legitimate rights and interests of users", "ERP implementation of the service miscues "and the simple fact that judge. .
Ironically, the Beijing Lu factory as a "success stories", so far still hangs on the case with this lawsuit is not directly related to the other party--have been exposed to Beijing three ERP systems provide factory server and database software for IBM's Web site, the page also references the then three dew plant ERP project leader bears for the people of the assessment: "MOVEX (Swedish management software vendor Yingtai Gorge of ERP product name) software integrated with powerful, Lenovo is the ideal partner. ”。.
In fact, at this moment, as the implementation of integrated service provider of the original association, the user side Beijing Mitsuyu plant, ERP software provider Intentia Sweden (Intentia) has already parted ways, and now three-exposed plants are re-launched ERP, Lenovo Lenovo Integrated Systems Limited has been transferred to the subsequent spin-off restructuring to Digital China, is still the implementation of management information services along the path. .
Three dew factory and the original Lenovo integrated cooperation began in March 1998, to the lengthy disputes the conclusion ERP implementation, has nearly 4 years sped up. . .
2. repeated toss of ERP.
Integrated Systems, Inc. and the original Legend of Beijing Mitsuyu factory ERP cooperation with the other cases the beginning of the beginning or less the same. 3 exposed plants in the original 1998 Gandao difficult to adapt to large-scale enterprise financial software management, and the need of financial, Cai Gou, integration of inventory and other data Jinxing to determine the ERP. Lenovo Integrated Systems, Inc. was the Swedish company Intentia ERP products and services, exclusive agent. .
One side is the cosmetic industry's leading enterprise (national people probably remember the "Taiho everyday" slogan), 1998 annual sales of more than 7 billion, more than 1200 employees. A party is a leader in the domestic it industry, this "marriage" to look into as conserving, admiration and kill others.
March 20, 1998, Lenovo and three integrated ERP exposed plant contract signed: on the implementation of MOVEX computer management system contract agreed to pay three-exposed plant association 1,697,297.50 yuan. One MOVEX software costs 786552.5 yuan; design, implementation, service cost 67,103.97 yuan; purchase cost for IBM AS/400 843,641.03 yuan. In other words, the association was integrated with "turnkey", in charge, including hardware and software, including systems engineering implementation.。.
After the contract is signed, one after another to pay the three exposed plant associations including the purchase of integrated hardware, software, including the cost of 1.4 million yuan, Lenovo has integrated a three-exposed plant's presence, began to reveal plant and three staff work together to implement .。.
Implementation of the work to the November 15, 1999, three plants revealed the highest level decided to Lenovo complaints Liu was sent to the emergency of a paper fax. Fax raised three questions, the first question is "not yet fully performed the contract until today, an extension of the loss of how to deal with." Under the contract extension of liability for breach of the provisions of the Party has accumulated to 3.25 million compensation payment.。 Finally, it is to continue to fulfil the contract time scheduling problem. LIU Chuanzhi received a letter of complaint is, but three dew plant is clearly attracted the Association by fax. For this notification, Lenovo integrated direct response is "in charge" of MOVEX project team lugang 16 November issued a paper fax, must meet three dew factory, the project of implementation costs paid by the Association, the first integrated three dew factory certified engineers to the project team to solve everyday problems, including statements, account balance, and so on, and then at the end of November to make detailed plans and staffing.
November 25, they held a Computing Center Director, including three factories Sun Jing Lu, Tai Po Commercial wholesale company bears the Chief of Finance for the people, the Aspect of the Deputy Director, Legal Office, Koh, associate vice president of Integrated Systems, Inc. Xiaofang Chen, Lu Gang, and the company's technical staff, including Intentia attended a tripartite meeting to solve problems, promote the project. .
8 December, the Lenovo integration to three dew factory from morning by Xiao parties signature and seal of the Association integrative system co., Ltd., a paper written opinions, which refers to "the contract 30 September completed projects to date, has resulted in 325 million loss for breach of contract, to Dumbo apology. "In addition to the two sides meet in the contract, after the implementation costs of the implementation of the project is no longer increasing implementation costs, Lenovo, Lenovo integration will pay for Intentia consultants of implementation costs. If the project fails, three dew factory shall have the right under the contract. (This paper fax significance, in subsequent proceedings became important documentary evidence).
Blink of an eye to July 2000. The two sides once again experienced during the implementation, modification and localization, including software provider Intentia companies also send someone to the three exposed plants to solve some technical problems. However, due to localization, report generation and other key technical problem is still not completely resolved, three-exposed plants always test run MOVEX in parallel about the module information management system Yuanyou even worsens the staff workload. Clearly both sides have been in this for too long ERP implementation exhausted. .
On 20 July 2000, by fax to lugang again three dew plants in three views: the first is the use of VISUAL FOXPRO, MS ACCESS, front office software tools for the preparation of the report, to meet the requirements of the existing reports; the second is to use Scala Globe Series software replaces MOVEX, implementation of the project, the third is retained AS/400 system, the use of and better ERP. The above three options by Lenovo. Three dew factory believes that these three points are already on the other note, you can jump to the MOVEX says the project has failed. . .
After 4 months, both parties are always the number cannot be in the amount of compensation (three dew factory adheres to 325 million Yuan to negotiate on the basis of) how to troubleshoot system problems encountered in the implementation of the key issues. And because many futile negotiations, discussions, and atmosphere are becoming increasingly nervous system.
December 11, 2000, three plants exposed to the Chongwen District Court formally filed suit demanding compensation, the two sides will enter "ERP case" stage. .
Third, the persistent doubts.
In the surface, the implementation side, "throw good money off" soldiers of the cases, because of the complexity of ERP itself, and beyond the changes, not only has many did not fully solve the mystery, more importantly, as Case left behind many thoughtful questions. .
The first is integrated in the signature legend before commitments, "costing a compensation" as a matter of fact is on the implementation of the ERP cycle and risks and difficulties, as the forerunner, over-ambitious or overly keen to sign "the first single" in the North, in the three dew plants, are not fully aware of the quality of personnel and product implementation and refinement of the standard does not, the commitments to be completed within 6 months. And promises to provide service, not on a permanent basis to the party a charge, and provides the above services is a response within 24 hours.
Implementing the change itself is also a result of this case does not resolve an important factor in a long time. The end of 1999, Lenovo adjustment, the original integration into the Digital Systems, Inc. and changed its name to Digital Integrated Systems. In fact, since the association split, the original integrated systems company with the debt problems of all claims by the Digital side to solve the three exposed the problems caused by factory ERP has been resolved by the Digital China. Lenovo, a senior manager to clarify to the reporter, "This thing Yang are not clear, has nothing to do with Lenovo, because since 1997, has been an integrated system that is Guo Wei in the tube.". .
"Lenovo integration for MOVEX product unfamiliar" is supposed to be another problem, reaction, and in fact open plant associations of technical staff in the implementation process in trial and error, causing an error, set the parameters have the form results in an error. Familiarity with the "products" on this issue, Sweden-gap international co., Ltd. Shanghai Office Chief Representative Xu Zhen Ming Pao, told reporters, "Lenovo integration was as its sole agent has its senior consultant from Southeast Asia training." . "No matter whether the implementation of methods to block Internet Chenggong 应用, but, certainly, yes, and" Product Shuxichengdu "associated with the Bu Jin Zhi Jie Zuo Wei implementation side of the association is integrated Yiji Intentia is Hege Gap Ruherending its implementation Huoban, Huan and Yong Hu side the expected ERP and business process and management of requirements and commitment to reform is closely related to..
This is a case in which another is worth mentioning that the issue is relevant, Beijing Lu factory some departments due to the ERP module does not comply with the habits and refused to use ERP, which is not an ERP three dew factory as top engineering "push enough? Xu Zhen believes that" there is such a possibility. " This goes back to the ERP is tailored to the issue of whether one size fits all, system and enterprise business processes and management practices is a match, both sides should have enough confidence and capacity for management reform. Then three dew factory management is able to do this is also a known problem.
Fourth, the presiding judge of the advice (Reporter Notes). .
This protracted implementation would have to go back and lasted 15 months, after 7 sessions, and finally how to mediate..
Served as presiding judge of the court case is the Chongwen District Court Economic Tribunal Jun Qian Qing, President of this money from the "First Case of ERP in China" as "simply a contract dispute, but which also involves a large number of high-tech content, such as software, hardware and so on. " To some extent, the trial because a large number of technical issues involved in only prolong the time. .
"Three dew factory produced a large number of legal evidence, such as at that time, business fax, mail, etc., Lenovo is on technical matters that much. "Money, the President said," but ultimately, the Court's decision must be based on the contract, the parties pursuant to the laws of the parties to produce evidence. Who's evidence, he will win. Lenovo trouble him almost without any effective legal evidence to prove what is done or not done. But there is one important evidence in the possession of three sauce factory, is written at the time they said has resulted in loss of 325 million penalty. " ”。.
Money, the President noted that in this case, the dispute focused on three main, this point is of universal significance, almost every high-tech enterprises and the future of traditional business needs attention.。 Annex to the contract needs to have a plan, the plan must demonstrate technology suppliers are able to provide any service requirements, the proposal should be signed by both parties. Annex should also be presentations on the specific needs of the interface and functionality for both parties signature confirmation. Finally, the implementation of a specific process, every time you complete a feature that once modified, the implementation of a module, the parties must sign to confirm and, if necessary, or even to keep the computer in the site data for a notary, in case of disputes. . .
"Any computer software users in the operation of the trial, or will amend the requirements. While these changes if you do not have a signature confirmation cannot be used as legal evidence. "The President reminded all the money in high-tech enterprises, in the future business activities, particular attention to the evidence obtained, the software dispute must learn how to protect their legitimate rights and interests. First contract to set very strict, and second, any process is completed or not to the parties signature confirmation "However, once you should strictly follow the principles to be implemented, work is more, this is the trouble with high-tech cases. ”。.
"Overall, the final outcome of mediation both parties are satisfied." In this case, the two sides because the facts are clear, accountable, taking into account the effect of long-term interests and the handling of cases, the court advocated conciliation. "Whether in traditional or high-tech companies, awareness of the need to strengthen the Franco-Prussian." Meaningful money, the President said: "From signing the contract to the implementation of the process confirmed that correspondence, if not careful in the future court will certainly disadvantage. ". .
Supplementary proofs has been routed to http://blog. .chinaunix. .net/u/24547/blog http://yuanruhui. .cublog. .cn/please download themselves.
Category: emotions.
Yang waved (Good night) of the redundant employees to run around the domestic IT industry in 2004, tragic past. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
March 2004, the association of 5% -10% large layoffs of about 600-1000 people in violation of labor laws. .
1. labour law provisions: corporate downsizing or expiration of the contract notice of 30 days in advance, within 10 days for unemployment insurance. Lenovo layoffs, no notice of one month in advance, retrenched staff has been laid one month salary as compensation?.
2, labor law: workers for the company for one year, one month salary compensation, calculated according to total annual income divided by the standard 12-month average wage. Lenovo cuts, claiming compensation by way of N +1, in fact, the provisions of internal unity, the dismissed employees pay only the amount of three months salary as compensation, has violated the labor law? Does the difference between the middle stream gone? Difference * 25% = corporate income tax, corporate income tax should be allowed to pay up. .
For more information please read the East wealth network blog http://blog. .eastmoney. .com/yuanruhui.
Lenovo cuts Record: The company is not my home. .
11 March 2004, at 9 a.m., careful as usual and husband laughing to come to Beijing on the Lenovo Group Headquarters Office. Zoned out IC card, she suddenly found the atmosphere in the entire building is a bit wrong, sector colleagues were telephone call to the downstairs rooms, 20 minutes later, the managers, accompanied by a serious back 1 hour later, we begin to leave in twos and threes. What's worse, a few minutes, carefully also received a telephone call; and to make matters worse, it was not long before her husband's side, and I got some bad news ... "this next we can go home together. "Husband Chang. . "Thorough inner anxiety, struggling with her husband on the way out the door at that well-known companies..
Lenovo in a written document expressly said that through this strategic adjustment of layoffs is the company's operations, one of the employees ' performance and performance-independent; at the same time, the group arranged for detailed compensation scheme, and the employee provided counselling and support services for re-employment, laid off about Group staff of 5 per cent of the overall ratio.
Lenovo This time the process of downsizing is very professional and smooth. March 6 launch plans, 7 discussion list, 8 to submit a list of 9 to 10, and go through the procedures of human resources audit, 11 interviews. The whole process at one go. .
"That morning (March 12), came up to me and asked to meet downstairs. At that time, I also wonder, conference room, downstairs to see the company's human resources Department of the two leaders, I will do nothing to understand. "Wang (alias, Lenovo Shanghai area workers) said," all about retirement, they gave me to do well, I just need to sign, then finish everything on the floor, the whole process only 6-7 minutes. ”。.
Actually laid off is not without aura, 11, 12 days before the interview with the staff, Lenovo website published some articles such: "Why did the elephant to dance", "dinosaurs evolved into a wolf," and so on, to the staff about the "move trees die, people move to live" the simple and obvious truth. "At that time, many people are prepared to go prepared, because you can not change, only to accept." March 24, one still in the mid-level associate said. .
On the day of the announcement of the layoffs, the order in good order. Managers must be employees of past achievements, and then explain the strategic significance of layoffs to inform possible compensation amounts, and then pass on all the material has been run, so that the employee in the termination of employment contract signed by the relationship. On average, each of 20 minutes. More efficient, in an interview room employee access at the same time, the company has helped them to do almost all the departure procedures; they came out from a room mailbox, human map, IC card has been cancelled. This means that came out from the interview room at the moment, they will no longer be a Lenovo employees.
"Spring Festival, the company made a major change in consideration, layoffs at that time laid down." March 25, Lenovo Group and general manager Li Lan Enterprises Promotion, told reporters that every departing employee have been huge compensation, the specific calculation is expressed as a simple formula - N +1 (1-year work in the association, meeting two months salary for 3 years to 4 months of salary, and so on). .
For more information please read cnfol http://g. .cnfol. .com/yuanruhui blog http://blog. .cnfol. .com/yuanruhui.
Lenovo employees a letter to the chairman of the board: Why I quit. .
Chairman of the Board:.
Companies which, even inside all I know, I most respect you, trust you, and also the most willing to listen to you, not because you are chairman of the board or your other identity, but I think you are the most sensible, the most moral. But you treat me the way to the last, always make me feel very strange. .
I have already said to be going, conversation you said I resigned, and before that, you're telling me is that the company was closed.
The company's profit situation is not, in fact, whatever the reason I can accept, but you make me feel different to say this is way out of a plan. Sometimes I think of this matter, the total time you do not understand why. .
Chairman of the Board, you sometimes frankly say that they are capitalists, company good or not, the most important, however, ethics and reason are not a member of the company you use, you will use other means. You help me a lot, left the company half a year, you're still on the positive impact on me. But sometimes this is not the knot will haunt me.
Why should I mind about it. I do not have to work? . .
1, companies and linux manufacturers signed cooperation contracts not important?.
2, to become partners in HP's unimportant? . .
3, the company's first sales out of the product is not what I do?.
4, the company's cooperation with the X is not the time I started out doing it? . .
These efforts, the company that a staff member did this work on a new market for software products not important? Of course, I'm sure have my shortcomings and capacity is not good, Chairman of the Board, you have seen no disadvantages and various capabilities are a good person?.
Finally, we and the X's cooperation failed, you think you are all my problems, I have a problem. X Company signed a contract and should not it? However, final decisions are you and the N's chairman agrees with the X meeting of the company and complete the contract signed. After signing the contract, X sells well because of my reasons? . .
You said we should be in the X company sales when want other options, but, when we plan and began to sell other products, you say, well, this product can do for other products, does not let us do.
You said that we should not be in X company for other companies when the agent of our products, but the company is doing at the time X agent, how do we and the other company. Moreover, X is good, but said sales capability with companies, but also a very long time and they talked into the agency, other companies, how do we have time to do. .
You said that you are the Chairman of the Board, and our staff, we cannot find a variety of reasons that we should want to solve a variety of ways, you said that the company provide the conditions I should be able to help businesses make money, no money is my problem, this is your last, we know that the company will also enable you to face many difficulties, I have no way to answer. However, why don't you just tell me and said, because you did not enable companies to make money, the company believes that you are not resign all let you listen to the reasons for leaving, I will be even more open. But push down, in fact, there is no difference between the results. . .
There is one rule: players to admit defeat. The Sun each day is new, sunny place can start again.
Details please read http://blog. .21 Cn. .com/yuanruhui/club/12607 century blog http://blog. .21 Cn. .com / yuanruhui. .
Lenovo employees experiencing large layoffs: Lenovo, Lenovo is not my home.
Today, I am afraid is the largest one in history Lenovo layoffs. 9 people in our department, today bid farewell to three, three to offering job-change, and the remaining three. More than 30 people left the Academy, offering job-change more than 20 people. This is my second experience of the so-called strategic adjustment, there are many thoughts and feelings, but nothing seems stuck in the mind, unable to speak. Altogether easy to record this story, to remind ourselves. .
[Association of fine cut].
Last night, the Academy held a secret emergency meeting. Responsibility of managers to participate in more than 20, I became clear the entire layoff process. March 6 start program discussion list 7, 8, 9-10, submitted to the list of HR audit, and go through the formalities, 11 interviews. The whole process at one go. .
Today is the day of the interview. In the first floor of block b, two smaller conference rooms. Go in person to lead the first sure his past achievements, and then explained the meaning of strategic retrenchment, and then inform the amount of compensation paid, and then pass on all the material, and then let him labor relations contract signature. An average of 20 minutes each.
Retrenched employees are fully aware of prior. Before the interview, all the formalities of their companies has been processed, so they called into the conference room at the same time, email, human map, IC cards have all been canceled, when they know that information later, two hours to leave the company. .
All of these things are highly confidential. Even though I am a responsible manager, and I only know that tomorrow I will be accompanied by staff--sat next to me live Office, more than two years of a girl, Shao Jun.
[Shao Jun]. .
I don't know how I was last night, the mood is particularly bad. According to the company's rules, I can not tell her in advance. Just think. And my colleagues in the life of two years, to be laid off tomorrow, but she doesn't know. Meeting a taxi home, I am particularly tired. Drivers speak: what makes you tired? earns you one easy. I laugh a little, did not answer.
Morning, Shao Jun sooner than I had arrived. She asked good morning to the sound, I dare not say a word on a guilty conscience. I feed my desk as usual, the little goldfish. R & D Institute of the move when the building, everyone made two small goldfish, but the gang's R & D personnel able to deal with careless and can live up to the present, it is not easy. Shao Jun also take my fish joke, saying that the whole child for a sperm, had been able to live. .
I will not speak, sitting at the computer, waiting for the moment of arrival. Phone finally rang, I walked to the front of Shao Jun, and she shook hands, and then told her to go to conference room downstairs. She knows what it means to go to the meeting room. The two conference rooms busy from morning to night, all involved when things go directly. But Shao Jun has been very quiet, as she has before, we went in two departments. Qing-Tao, and she's talking about, we are all so familiar, but Needless to say, less than five minutes, ends all conversations in disarmament labor relations contract on that came out.
Shao Jun is FM365 turn, and experienced the 365 layoffs that crazy, she had a lot of people that have sent, so she knows it all. Then back to office spaces, when with her collect her things. To lunch time, she said, first went to canteen eat. But I do not have the heart to tell her that her IC card has now been written off. So I advised her to go outside to eat. Responsibility for another person directly, said managers are out there who told her that human map has also been written off, when the obvious is lost Shao Jun, felt a little abrupt and companies involved have this. She worked for three years in the association, and may in two hours, the association no longer has any trace of her.。 So deserted?, Flash is no longer a once proud: associative person?.
At noon, the whole sector to spicy food San Huofan mother. Do not remember what was said. .
[Hardest hit]. .
Server, functions, and this time layoffs hit hard. One of the server, might not exist in the future, today very only 5 people. Morning, I heard that there had been walking bare, several people cried, but I have not seen in the past. Some people feeling very excited because never fall, however, the strategy of the layoffs, it means, not in your performance as a standard, or in other words, there is no standard. There are several original Daniel man, even when heavily recruited from outside, then the doctor away, there is little room for discussion. Even the Research Office of the Director server is gone. . .
Functions of the Assistant is almost gone. And I'm familiar Anshin, Qin Li, have had time to say goodbye. Now the Institute does not Setup Assistant positions. A few days ago, they met in the cafeteria, I also said they are the image representative of the Institute.
Wu Zhuang is gone, this is my old comrades of the. I first joined the association of the project team, and now, still think of, only I and Guoming Liang, Jinfeng the. I remember that year, our project group is claimed to be a banner Institute. Because our content management system developed and successfully saved the FM365. Later, 365 down, when we support to win through. Later, when the links are down the win, Institute of Information Engineering Laboratory was also gone. Research then the number of people over 30, to the present, still in the original post, and only I and Wang Jiang, at Societe Generale was. Wu Zhuang very miserable, and his wife pregnant, but he had just bought a house.。.
The cuts will focus on new employees, and spent several years old association. For 10 years, Ben 50 people, and still had the stay away. I really want to talk to them heart, 50 years old when abandoned by the company, do not know what kind of feelings. I dare not think. .
Came home, and xiaoding chat, I only know that the server is careful to go, this is not news, because the server was almost, but her husband is away! today they also work together, I wonder if I will go home together. Two of them and I live in the same community, newly married soon, just bought houses.
I suddenly thought of a certain well-known World War II generals say: I give the soldiers on the battlefield, I would imagine they are a bunch of ants, not people. I thought they had wives, children, parents, I do not have the heart to let them to die. Do not know when the leadership in the discussion list is to think of ants we do? . .
[What a mistake].
I think the three years, seen the association from the overall expansion, the overall contraction of the entire process. Then the slogan is: high-tech associations, service associations, international associations. Now, the only remaining high-tech or related applications, but do not know can not succeed. IT services group on behalf of services to be classified as C class of business, its no guarantee that the. Software design center and Lenovo will not have any relationship. Lenovo attack on all fronts, but wound numerous cross. .
Who's fault? leading wrong!, including FM365 these directions are optimistic about the money, but why Lenovo fail? I don't want to go into here, but just think, wrong committed leadership, only our general staff to undertake.
[Lenovo is not home]. .
This is my experience of these two major strategic adjustment concluded. I think I'm better than many people realize. The relationship between the employee and the company is interested, please do not put the company as a family.
Of course, this does not mean that my work would be lazy. I will still work properly, I think to be fair. I also think that Lenovo does not owe me. Lenovo has given me such a good work environment, such a good learning opportunities, as well as good treatment. However, the company is the company to do all this for me, because I can contribute to the company, certainly not like the father and mother, the feelings of the kind of selfless dedication. Recognizing this, when I leave the future, leadership will be sure my performance, I would say thank you to the leadership, no longer sad. .
Yang said, hope that this time to adjust to the Lenovo brings 10 years of good luck, but I previous strategic realignment is 1 November 2001, against the sentence. Suspect that belong to the suspect, the matter still remains to be done. Life continues---Miss and many of my co-workers colleagues!.
Please read the details of the End of the World blog http://yuanruhui. . Blog. . Tianya. . Cn. .
The group "miss you" want to bend: a salesman SALES family and write the letter.
Employees as a group family, I really only write out of frustration and anger of this text in order to suppress the group go back on ugly acts of bad faith. .
Let us remember this one by one since the as. ..
First of all, massive layoffs at lightning speed, the same day announced the day immediately freeze all accounts, this has serious violation of labor law, but I am surprised that so far have not actually heard about the employees who have left the prosecution of the Group Group News, is no legal awareness in the former employees, or black box operation dictates, in the end what we do not know ... .... .
Secondly, at the same time, the Group announced the forthcoming new sales sales incentives which make people, at least in Group sales, outside sales exultation also believes that the Group has finally realized that seize the customer is the most important thing, which salespeople sales is precisely the most important and almost the only way to realize; group sales sales and our salesman sales family members look forward to a final plan of hammer because we seem to have see the light of dawn, motivated people. . .
Then, someone is seriously a field sales sales Conference and deviousness, guarded, banning all outsiders. But this should be the passion of expensive, even to the feeling of almost all of them are almost anticlimactic, didn't mention any meeting related incentives of a few, but more like a bureaucratic retreats, sales sales were disappointing, but disappointed or wasted "valuable" two days and weekend breaks, also brought back a belly full of frustration and confusion, salesperson, sales were beginning to wake up and began to raise doubts about the heart.
. .
Current Sales are around the salesman has found difficult, there seems to be stuck in the neck chains, making people aware of why so many people doing grey transactions, this is the Group constantly easterly, Salesperson sales just let it be in it.
And then also heard that the so-called incentive mechanism should be deferred to the July quarter will be released at the same time this should be made in April to the end of that half of double income is said to be wasted. And rumors say, Group requested a survey made by a company, found out the high level of salary than the industry average, which may be Chengwei the wage system of the Group to maintain the original basis. I heard this time almost to choke, I do not know whom to compare the Group, is retaining its position as overlord of IBM, Dell eyeing, or dying domestic enterprises, or low quality across the country group of agents, if it is later both, can not help worrying is the Group's strategic vision and competitive perspective.。 After reflection, however, is that the group does want to do, if you want to make the employee responsible for the TOP, then please do not hesitate to beat around the Bush, educated people don't like fooled; Furthermore, if you want to do more, then please unified diff, the salary level compared with the first-class enterprise, enterprise development, 1996 points directly to large multinational enterprises, seen a mention of laoshuai, such a foolish move you will also be allowed to continue?.
This reminds me of the recent rumors, such as the marshals that make the CEO of a international, and once again stepped to pack into confusion by the current management situation, although he repeatedly denied that later. But no matter who you are, please calmly think about everything is no smoke without fire, and the board expressed dissatisfaction with the management of the Group, which is no-one can not. So-even if you are not naive, not your group, you are just a high-level employees only, mismanagement of natural going bust, you can not integrate the international strategy is commonplace, why not let go still clutched it.。 Want to know the company has a problem is people have a problem, either you or your employees, is the grass-roots, is a tall, or connection between the new chain, none of this is patted his head will be able to come up with, you need to understand exactly how employees needs before you can meet your needs, solve the problem. But for now, you seem to still behind closed doors, but also engage in blanket of Kings, the staff and the outside world how do you trust?.
By the way, such and such a student is not also a marshals of Fengyanfengyu intimidated, forced to start looking donkey donkey, and strive to delay the time to look at the next home; even Gaode company pandemonium, panic, policies delayed no later hair, procrastination, Momojiji. .
This also shows another problem is that these idlers never participate in the market, the new group will sit or stand comfortably in the office building blindly thinking about how to squeeze the reduction of costs, not thinking about how to make use of existing cost-effective to expand the market! Of course, this is a common phenomenon in fact, I cite only two examples only, and sincerely Letter to the source if it has a standing water, how to look downstream Qinglie. .
Then again, the Group's financial, the Group has no external debt and pocket the cash upon billions, in my opinion, this is a typical small farmers thought, in the high technology field, in multiple-group, no debt no glory but shame, because the reason is that you can not find the direction of investment. When others use borrowed money like a snowball rolling on the same scale, but you also have a neck that piece of cake, inflation and industrial expansion of erosion. . .
It's just me, a stranger with a conscience angrily of fur humble opinion, you don't have to know who I am, because I do have the same feeling, if write to please take it, if you do not have a thread of intestinal gas smell away.
Please read the details of Fenghuang Wang http://blog. . Ifeng. .com/576685. . Html blog http://blog. . Ifeng. .com/1493852. . Html. .
Please read the details of corporate blog network http://yuanruhui. . Blog. . Bokee. . Net. .
1, I had worked in the Nguyen Yu-fai May 1999 to February 2000, the original Lenovo Group Guangzhou company now Guangzhou digital co., Ltd is engaged in the transportation and storage work.
2, in May 1999, when I recruited members and former colleagues Kuguan Mr. Zhuang Niang sea transfer, found that he lost two EpsonStyleColour440 printer, worth about 4,000 yuan, the former manager of material management supervisor claims that would be Miss Hu Zhihua to handle, and I have nothing to do with my interest is not involved (otherwise, I already quit) after the event, Miss Hu Zhihua used his position to facilitate and help of Mr Chong tan hide for a few months later (around September) by sales clerk Mr. Yang Bo was out selling a single red number, with accounts receivable reserves for bad debts written off duty profit, no losing money. .
3. According to the original old colleagues, Mr. Chong Liang Hai before I had lost a valued at approximately $ 10000 EpsonC8000 printer that he had stolen machine gives the original Manager Hu Zhi-Hua, as to whether it should be reported to the company, it is not known.
4, during the period from June to July 1999, Miss Hu Zhihua the "98 units of Lenovo Group, the Financial Regulations other ports operation" and "materials management department of financial system" to another supervisor in charge of the original warehouse, Mr. Ning Shengliang, he served as associate Guangzhou retail outlet mall, "Lenovo 1 +1" stores Kuguan member allowed to transmit the original members of Mr. Luo Jianxiong Kuguan, he served as "sink Luen Fung," sales clerk, so I met this happened. So this information will be in triplicate (a pay Mr. Wang Zhuowei, one by Ningsheng Liang holds, so I get a) Luo Jianxiong and Mr. Wang Zhuowei together to get the information warehouse, when I was there.。 If Mr. collapsed in the East Bay, his classmates got unlucky Lady Loretta Lee (in 1997, Mr. do Guangzhou "associative" General Manager and founder of the "bits", from Guangdong University of headhunting, then teacher Ms. la Loretta Lee into Guangzhou "associative" Assistant General Manager).
5, Miss Hu Zhihua also told me that Mr. Li Qiang originally "Guangzhou Legend," Deputy General Manager, responsible for system integration business, after, in 1997, and Mr. Tony co-founded the East "Bite Wei", other than buy a house (Tianhe Longkou Road sage Court room 1002 three-bedroom) to his girlfriend Miss Zhou Yuling (the original "Legend of Guangzhou" fund business members, is responsible for recovery of money) is also offered to pay her, "Lenovo 1 +1" store, let her not only in the " Guangzhou Legend "in financial business work, it did the" Bite Wei, "the proprietress. .
6. I am of the view that access to "Lenovo" work fell into the trap of Miss Hu Zhi-Hua, because Mr. Chong Liang Hai lost two EpsonStyleColour440 printer, worth about $ 4000 equals my five-month probation period wages (at the time the contract is a labor law requirements: 1 year trial period for one month, maximum length cannot be more than 6 months) Hu Zhi-Hua, though that has nothing to do with himself, but his mouth, and worked for two months is not wages, but calm because I have no intention in the other cities ' 98 Lenovo Group "business unit financial implementation rules" and "Materials Management Department of the financial system".
7, at work, as "Golden Tax" goods need to be stored in the "Legend" warehouse Miss Hu Zhihua told me, Qin Aimin is the younger brother of Mr. Qin Xiangjun, apart from the "Guangzhou Legend," deputy general manager of foreign, or "Golden Tax "behind the boss, he received his company's name list, earning more than 1 million a year, was also" Guangzhou Legend "as an example, as long as the" association "to do it, we will be able to make a fortune. .
8, the time of separation, Hu Zhi-Hua told me, because I know the Bay East and Mr. Qinai people, so I dismissed Mr. Blair also told me that in addition to the "Hu Hongjie Associate Deputy General Manager of Guangzhou", or "ATL" proprietress.
9,2000 in February to April 2000, I and the original "Legend of Guangzhou" company labor dispute arises, the alleged bribery to Tianhe District Labor Bureau of Labor Dispute Arbitration Committee (Attn human Yuanke Chang and the court clerk Miss Lin Danhong ) suspected of dereliction of duty, fraud, unfair ruling, "Lo Chung-Sui-day case of words (2000) No. 53" Use of time differences, "51" seven-day holidays, intentional delay, so I delayed the court proceedings valid. .
10, the original "Guangzhou Lenovo" companies in order to revenge himself, bribes, Tianhe district, the National Social Security Fund Center (Attn to Chief of staff of the beam and Ms.) suspected misconduct cases of fraud, do not follow the award Office (then claimed to have been paying unemployment insurance, has already been entered into the computer but does not print, did not give my social security, without going through the formalities to receive unemployment benefits; and that the job less than a year, not by one year of unemployment insurance, it is not possible to apply for unemployment insurance, unemployment benefits) and according to my knowledge "to work for more than six months, less than one year, calculated as one year."
11, in March 2000 to September, "Lenovo" into "Lenovo" and "Digital China" to dismiss a large number of employees, but did not follow the labor law was the appropriate compensation to departing employees. .
For example "sales associate" in the city of Guangzhou dozens of employees collectively to qinai man of duty ", but not in accordance with prevailing labour first compensation (for a period of not less than one year, one month salary compensation, calculated by dividing the annual income by 12 months ' average wages) after posting (because the" Guangzhou Association "and" Golden tax "are two different legal entities) for two months (Chung-planting period) after the" Golden tax "and then put the employees dismissed (obtaining these employee compensation, social insurance, unemployment insurance, work-related injury insurance and housing Provident Fund).
12, in January 2001, my resume inadvertently sent to the "Bite Wei" inform me of their interview. Because I forget the address, so the hotline answer man is Mr. Tony Tung. I reached the "Bite Wei" interview, Mr. Tony Tung is 躲在房间里, dare I received, so let Mr. Li Qiang, and I interview. Mr. Li Qiang said that willing to hire me to do accounting, accounts for system integration, and I was willing to do, "Lenovo 1 +1" store accounts, so there is no candidate. .
Page〈 1 > Smart building system integration.
Building Automation System (integrated structured cabling systems, broadband WAN access system, the central access control system, central monitoring system, conference and simultaneous interpretation system, parking management systems, to monitor and control drainage systems, public address and background music systems IC card management system, fire alarm and fire linkage system, satellite TV, central air conditioning monitoring and control system). .
Guangzhou than Litware technology development co., Ltd./corporate representative (leaders), Chung.
Jinshan Building, Wushan Road, Guangzhou, Room 701, 0860203846888/510898. .
Page〈 2 > intelligent housing community system http://zhonzyi. .b2b. .hc360. .com/.
Broadband wide area network access systems, intelligent building management systems, security surveillance patrol system, coal, water and electricity billing system, copy the three tables, residential local area network computer systems, video on demand systems, burglar alarm system, fire alarm system control measure. .
Guangzhou than Litware system integration co., Ltd./corporate representative (leaders), Jia Ying.
Longkou Road, Tianhe, Guangzhou, sage Court 1002 twin / 08602082562250/08602085265631/510630. .
Page〈 3 > brand computer sales (Lenovo 1 + 1 shop).
Fang Kai Technology Co., Ltd., Guangzhou / legal representative (responsible person) president Lu Huishan. .
Guangzhou yuexiu district general East Circuit City 032-033 stalls/08602083324452/08602083324480.
<4> software development and network services. .
Enterprise informatization process of software development projects and software commissioned production operations, including the ERP/CRM, MRPII, MIS and corporate finance-related software development.
Former Beijing Bite Wei Information Technology Development Co., Ltd. / legal representative (responsible person) Lu Jun, general manager. .
Zhongguancun, Haidian District, Beijing Sancaitang Shuiqingmu garden 2, 1706/08601082641481/08601082641482/100084.
Ding, Beijing 海淀区海淀 College Road Room 0708, Building 1, 11 / 08601062327302/100083. .
Page〈 5 > publishing economics books, and SAP Business One training, certification, exam http://www. .bonck. .cn/OR .cn .erptraining http://www... ".
Haidian District, Beijing Zhongguancun North Second Street, Shui Qing Mu Hua Yuan 3-232 Code is 100080, Educational Consulting Co., Ltd. Beijing blog. .
Application and service hotline 08601082641273 or 08601082641289 08601082641287 address baoming @ bonck. .cn or sap @ bonck. .cn or alice. .lu @ bonck. . .
13, East Bay and the problems of Mr. Qinai people can reference question Association Sin 7 20 academician NI Guangnan, reporting from stocks to a "scapegoat" Posted by purple.
14, in October 2000 to August 2001 period, Digital China Limited cover up a leak or instigate others to deliberately waste my time and energy, transportation, telephone charges, stamp fees and copying fees and photo fees resume (call me every day to interview, but not really engaged, but fool me). .
15, August 2001, the Guangdong Provincial Public Security Bureau and local taxation Bureau issued combat tax evasion and tax fraud, I call the Guangzhou digital co., Ltd Vice President Ms. Loretta Lee Hu Zhi-Hua, "either dismissed or supplementary tax surrendered, pedicabs," did not respond.
On September 16,2001, my friends introduced me to the Chime Long Hotel work, the matter shall be withheld. .
17, March 2002, after the wind and "bit" failed to successfully undertake the Evergreen hotel broadband network project, I also left the Evergreen hotel.
In August 18,2002, the national accountant qualification certificate renewal, I commissioned the relatives and friends go through this, to get back in October 2003 before the accounting evidence, but evidence indicated the accounting date of issuance is January 2003. .
19, in April 2002 to October 2003, Guangzhou digital co., Ltd. uses various methods to hide the "legend" and "arrested for tax evasion, shenma" tax fraud and violations of labour law (not for employees for social insurance and unemployment insurance and employment injury insurance) are not in accordance with the provisions for staff housing fund, etc..
For example, the Ministry of Personnel staff deliberately instigating others to waste my time and energy, transportation, telephone charges, stamp fees and resume copying fee and photo fee (call me every day to interview, but not really engaged, but to use stalling tactics to delay the time ). .
20, September 2003, Guangzhou labour and social security issued a Declaration on workers ' social security complaints dealt with some issues opinions "staff may require the employer to pay the social security payments" Guangzhou digital co., Ltd use means shan took my unemployment benefits and associated losses of $ 16291.
860 yuan / month * 9 months = 7740 yuan unemployment benefits + (2200 yuan / month -800 yuan / month) * 2 months = 2,800 yuan wage differentials + (800 yuan / month * 3 months +2200 dollars / month * 5 months) / 8 months = 1,675 yuan compensation +2200 Yuan / 22. .。.
<1> clear the employee and the employer to establish the fact that the formation of labor relations or labor relations, and the employer did not participate in social insurance according to the procedures for handling, no matter the length of time, the employer shall be in accordance with the provisions of the then policy of working in back social insurance. .
Page〈 2 > employer did not pay for workers declare pay premiums, should be back in full, retroactive to 1 July 1998 for a period of (country, province, other provisions). If the employee actually participate in the working time of complaints and the employer does not match the confirmation of the time, but do not have to sign a labour contract, only the fact of labor relations, according to the payroll or time table information such as the original voucher and seeking to confirm.
<3> on because the employer fails to pay unemployment insurance premiums for employees, which led to employees not entitled to unemployment insurance benefits, the employer shall enjoy the treatment by the unemployed for a one-time compensation. .
Page〈 4 > labour law at the time the contract is provided for: 1 year for 1 month, maximum length cannot exceed 6 months (my trial period is 3 months, 800 Yuan/month, the promotion period is 5 months, 2200 Yuan/month, no sign of any labour contract and non-disclosure agreement).
<5> Labor Law: Contract expired 30 days advance notice, within 10 days apply for unemployment insurance procedures, the actual notice I only 7 days in advance. .
21, December 2004, the State Council for the implementation of the labor security supervision Ordinance Guangzhou digital co., Ltd is still denied compensation.
<1> the employer to the social insurance agency shall declare the amount paid social insurance premiums, conceal payroll or number of employees, the labor security administrative department shall order correction, in addition to a concealed the amount of wages a fine of more than 3 times . .
Page〈 2 > employer dismiss workers not legally granted financial compensation or fails to pay financial compensation, labor Security Department ordered the employer in accordance with more than 50 per cent of the amount due and payable on 1 times the following standard terms, to the workers ' compensation payments for an extra charge.
<3> any organization or individual in the future if we find the employer has violated the labor protection laws and regulations of the act, can be reported to the labor and social security department. Labor and social security departments for their secrecy, and to investigate major violations and evidence provide the main clues to reward informers. .
22 and now Lenovo and digital also directs others to falsify my social security information in an attempt to conceal himself is reporting the "legend" and "digital" arrested for tax evasion and to control and prevent I receive, but I never constrained by my life.
23, Lenovo and Digital China is now also use my name in the cover letter sent to the management company in Hong Kong in wine, to a monthly salary of 3,500 yuan financial officer candidates to agree to recruit me in the wine. But in the wine before the Hong Kong staff are more than ten million salary, if I agreed to the entry, it would become the biggest joke in the wine: history, Hong Kong, the lowest paid staff. Because in Hong Kong, even if the CSSA of the six HK 7000 that unemployment benefits, let alone what to do treasurer, and the wine and Lenovo and Digital China also has business contacts, so I have no candidate entry, so that the wind was again after the dismissal, must make up work after the previous loss. .
24 and now Lenovo digital also directs others to steal my identity do bad things (e.g. use my name for the network card on the Internet website registered publication of false information and spam spam, I own the Internet card has been reported as lost or stolen 02761695) attempts to sabotage myself, I will stop Association and digital tax evasion criminal evidence known only to backfire.
25, now Lenovo and Digital China also bought the so-called friends and family, that mom had to cheat pension 2,500 (August 2008-January 2009 period of 500 yuan per month) seizure mom pension passbook (2009 In January to March, has been re-completing the formalities to reclaim) the aim is to force himself to stop himself in low-paying jobs and will receive prize money and I put her to death. In this case, it would die, down corrupt officials, but also I wage bonus. Money off the so-called friends I Pishi, I also did not gain the benefits! . .
26. June 2009, Guangzhou labour and social security issued a new policy: anyone who handles the registration of the unemployed person may receive unemployment benefits. July 2009, I replaced the manual labor and for the registration of the unemployed in 2009, August 10, went to the Centre of Tianhe District Social Security Fund, but issued a notice of the denial of unemployment benefits, social security, approved only print a list of social insurance, leading to I still failed to receive the unemployment benefit.
27, I hereby request Digital China Co., Ltd. for its violations of labor law compensation for losses 16,291 yuan. .
28, I hereby request compensation for Guangzhou digital co., Ltd. in October 2000 to August 2001 and April 2002 to October 2003 interview expenses (travel expenses, telephone charges, postage and the curriculum vitae and photograph of copying fees), and length of service (discount) because it is to hide the "legend" and "digital" arrested for tax evasion and tax avoidance and the violation of labour law (not for employees for social insurance and unemployment insurance and employment injury insurance) are not in accordance with the provisions for staff housing fund and other actions by the Government to determine reasonable.
29, I now demand compensation for its Digital China Limited Guangzhou seized evidence and the documents I have nine months of fiscal damage caused by the specific criteria established by the Government reasonable. .
Supplementary proofs has been routed to http://blog. .chinaunix. .net/u1/33680/blog http://mryuanruhui. .cublog. .cn/please download themselves.
Category: topic.
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
1. from the tax point of view of evaluation "Yoo NI controversy" and "liabilities to the ESOP" If there is no "critic of debt stock," the loss of nearly $ 10 billion in State-owned assets i.e. equities portion will belong to the Chinese Academy of Sciences and all the "Lenovo holdings", that will have to pay corporate income tax of 100 billion * 25% = 25 billion, so far as now lianxiangkongguyouxiangongsi "liabilities to the ESOP" pay back to the State administration of taxation of corporate income, if the State administration of the Ministry of public security, the Supreme People's Procuratorate, the Supreme People's Court, of up to 25 billion * 5 times = 125 billion.
2, if Mary Ma, Liu and indeed from the "debt holdings" in purely monetary benefits of being a billionaire and Rich Wives, it should be allowed to pay personal income tax. .
3. March 2006, the IRS site in Beijing the "mail" directly inject Secretary reports, Mr. has confirmed receipt of liubing; in December 2007, I call the IRS audit in Haidian District Council report Centre enquiries, Mr. Yang said does not receive reports.
In early July 4,2007, I IRS website in Beijing, "the Secretary-mail" once again put in to report directly to the letter, Yingjia has confirmed receipt; in December 2007, I call the Haidian District Tax Inspectorate Report Center query, Mr. Yang said the letter was received reports of illegal income for the association Import & Export Co., Ltd. a few million dollars, but not the letter I wrote the original report. .
5, may 2008, I again call the Haidian District, Beijing Bureau of State tax inspection report Centre enquiries, Mr. Yang said received reports content to associate with the import and export co., Ltd. VAT invoices every year, and $ 5 million, but illicit enrichment nor I have written the text of the letter of complaint.
6, the Beijing National Tax Inspectorate has not the right answer. .
Zhongguancun, Haidian District, Beijing, China Academy of Sciences, Beijing Road, p.o. box 10 010-8788 62509484 Lenovo import and export co., Ltd. 100080 LIU Chuanzhi.
Peach Road, Futian Free Trade Zone, Shenzhen, Guangdong, No. 6 off the fourth floor of Building A, Building A, Import & Export Co., Ltd. 0755-83597906 Lenovo sales manager, Tao Wei 83594042 518 038. .
Guangdong Huizhou yanhe road, Luohu district, Shenzhen, building,no.345,jinxiang 0755-82281846 Lenovo import and export co., Ltd. and export Department 82291673.
Read Chinese Web http://mryuanruhui. . Blog. . China. . Com. . Cn expert blog http://blog. . China. . Com. .cn/sp1/mryuanruhui /. .
Mr. Li Jinhua, glad to see you and your audit has become the 2004 storm, the focus of the Chinese people and the focus of the event. I very much agree that "Southern Weekend"'s comments: He was not alone, he received from the high-level and wide public support. Selected Person of the Year in 2004, he welcomed by all! Equally pleased to learn of President Hu Jintao, "to strengthen the advanced nature" and Premier Wen Jiabao in the audit working conference on rectification and reform "the government must act in accordance with the law!" Instructions. It is in this context, I am writing to you to write this open letter reports. .
I'm from 2 September 1999, China's Lenovo Group Press Conference, convened by the open fire NI Guangnan, academician, start with the identity of the reporter. . However, it still enjoys support from a strong intellectual sympathy and support to the "People's Daily", "Southern Weekend" and the former Chinabyte represented by the media, the conscience of the rich at home and abroad famous scholars, critics, sparing no effort to express their or balance point of view, or strong support. Even in such great pressure, I am still pleased to see that, Chinese Academy of Sciences of leading false consciousness, will, and can not represent the will of the state will of the government. Even today, I am still on such a government, holding the confidence! Especially when I witnessed the audit storm tangible results after a month. .
Lenovo from the pain of fission, begin to decrypt and opinion makers throw one after another on the "controversy" Willow NI. I never stop for this concern, and in May 2003, an attempt was made to continue to be investigated. . .
I and LIU Chuanzhi, NI Guangnan no personal agendas. In 1999, before the termination event, I do not know a man, I NI Guangnan and something else, like many young journalists, admiration entrepreneurial personality, he is full of appreciation. It was in 1999 the supremacy, they publicly humiliated, expelled from their founder, let me first critic of admiration for a discount. But the pain of fission "affair although let me angry, but did not make my admiration for entrepreneurial individuals to attenuation. The public's "pain" critique of fission, and individual officials actually trying to reset the author compared to kill statement, LIU Chuanzhi sounds many humanitarian. . However, when some other leading newspapers and Liu that I have "personal grievances" is not appropriate to intervene in the association reported. Humor is leading my wife, who is Lenovo employees, if the personal grudges, but I have been mandated to have written reports of the association "painful fission", and she led me Daoshi and Lenovo have a more direct, economic "personal grudges" it. .
In fact, because of the pain already directly touch the fission "Yoo NI controversy", the most critical problems, since then, the Association has its own way, decrypt, there are a few outstanding journalists, writing a series of detailed reports. Although they all say "Willow" and "NI said" almost can not find places to speak.
I have to report, the most important evidence, the Academy will open the two documents; all of the "Ni Liu dispute" and publicly reported; I Academician Ni Guangnan, Ran Zhijiang lawyers or parties to the legal profession, academics, interview, and I Personal China's "Criminal," "foreign exchange control regulations", "Interim State-owned Assets Management Regulations", "Interim Measures on Transfer of State Assets Management" and "Banking Law" also took serious study and in-depth study. .
I totally understand, in 1992, the critic is a State-owned enterprises property mechanism in the context of severe malformations, and suspected violations of law and discipline. In an era of Ding Lei, Zhang, the critic is not possible to commit this mistake. And now, those who direct the giant State-owned assets to squander a empty corrupt officials, 20 million Yuan was built on a foundation of Lenovo, go to today, I am of the view that human is active, as to the merits, or 46 is at 45, I am afraid still needs time to test. Subjective intentions, I personally do not want to close to 60-year-old Liu was too harsh punishment, I personally hope that, in criminal, he was so wrong as Liu xiaoqing..
This is a subjective will, even to this day, I am not personally offensive Liu, and still has a lot of respect. The ordinary people, the practice makes no mistake, unless the Lord.。.
My research, interviews, all evidence on the "question the topic association", it can also be seen as January 3, 2000, "the pain of fissile" sequel. They and their evidence, both positive and negative public reporting, will be packaged as an annex to this letter to you. .
For more information please read the people's network http://blog. .com .cn .people../blog/u/mryuanruhui power blog http://blog. .com .cn .people../blog/u/yuanruhui.
I. Introduction:.
Your face, is likely to become the world's financial sector, "Watergate." It has been over the general level of the so-called entrepreneurs insulted scientists, but also go beyond the general sense, the founding of the contributions of the business people - an informer, to retaliate against, and use nearly 20 million yuan to suppress public criticism of media advertising , criticized the press event. It has been suspected of a serious violation of Chinese law, and even to Hong Kong laws and regulations! . .
So, what is the background and the energy and, in more than a decade, has created a "critic is a valid number 1, the law is 0 or miracle?", all these fabrications, please read the evidence to substantiate the? ….
Second, questioning association of original sin. .
What is the power of an unjust one finds little critic?? created magic: legal = 0, 0, national interests = = 0, social justice critic is a valid number 1 in the miracle? or NI Guangnan from false accusations,? let us read the evidence.
1, who is at fault as the umbrella association? . .
In 1999, eight Fellows receive NI Guangnan reports; in 2000, four deputies, on this issue to the Beijing Lenovo Group supervisor, was the controlling shareholder – raised a question of CAs.
This year, it should be eight academicians and four NPC deputies urged; together with this period ie January 3, 2000, when a circulation of more than 20 million copies, the so-called IT, the largest newspaper published by "pain fission, "a lengthy report on the issue came to light, has caused quite a stir public concern; Chinese Academy of Sciences in the two responses one year apart, have increasingly shown a clear association listed in Hong Kong, Liu allegedly illegal course of objective evidence; However, in view of this, Chinese Academy of Sciences has unequivocally indicated they were "Ni Liu dispute," the "pretty" Willow "curb" Ni attitude. .
It is based on associative competent Department – the attitude of the Chinese Academy of Sciences, entrepreneurial and Lenovo Group brave in 2 September 1999 to press conferences, open fire and humiliation NI Guangnan, academician; also brave in 2000, once again, to a large press conference, and was Vice President of Chinese Academy of Sciences-Xun yan, public criticism of the pain of fission "reported the author and the leading newspapers, and openly retaliatory stopped at this press group of nearly 20 million yuan each year advertising investment; subsequently, in order to eliminate the pain of fission on impact, Yoo's Association planned and launched a new round of public opinion campaign ….
Each individual, due to some reasonable or unreasonable reasons, or in some specific conditions, are likely to make mistakes. Here, I am afraid that only Jesus can be an exception. Once people have done something wrong, mostly a psychological shadow. Especially when such an error could lead to jail, people always find ways to cover up, even at the cost got a scapegoat, so once they are wrong, and often same mistake again. In the absence of objective monitoring, there is no binding case law, which was originally a basic law of human nature. .
If we say that in 1992, the critic of the Hong Kong Association listing preparations did do something wrong, although at that time, the property right system serious deformity, protect their interests, their mistakes are to be excused. After all, Lenovo just started from 20 million Yuan, which is not inherently a Baron, and finally was squandered an empty black sheep of the giant State-owned enterprises. 2 personal critic and NI Guangnan, both for its huge labor, intellectual and emotional, is the founder of feats. But this 552 million dollars, after all, is the State-owned assets, not a willow family in private property.
The reason, the fact itself could come wiped out. Because, after all, it drains the country's 5.52 million dollars from to 200 million shares (shares 1 point 4 later association, representing 800 million shares) stake in the Hong Kong association, to the huge debt of nearly ten billion dollars of stakeholders, which led to the state assets, how many million? . .
LIU Chuanzhi, unfortunately, in the aftermath of such like NI Guangnan to pressure does not boil over, not bad, as the so-called "one-minded, the axis is" pedantic intransigence scholar, understand the truth, NI on entrepreneurial people have produced fundamental suspicion and mistrust. But then what critic, 552 million dollars and has a huge amount of stock borrow "Hong Kong", NI, between wonderful friendships could not rupture.
Ni Guangnan constantly questioned and reported in the process, the Chinese Academy of Sciences in charge when the leadership of Yin Shiyang attitude is really interesting ... .... .
And the author of this article, as critic and former CAs Yan Xun, Vice President of deep evil and pain before, then tried to forget – the pain of fission "reported the author. I cannot bring myself to keep themselves in the object. In association with the history of the turnover of most small (smaller than the other sponsors ten times the level) of stature, forcibly enter the Olympic sponsor of Halo, or used to be regarded as a symbol of American spirit – IBM, recent. Blue "umbrella". It seems that I cannot see the critic in the pain of fission "event, so angry that he snubbed on article level. . Even in the light too bright, I must also note that Liu and the guilty conscience of a helpless ... .... .
The best way to get rid of ghosts and goblins are facing it, pay should pay, correcting the errors can be corrected, the object should apology apology and to pay the compensation should be paid, and then it will be possible to dissipate it openly. Of course, this also may not imply a risk. For example, Clinton, when he admitted his mistakes, but eventually stepped the kaner, while Nixon's fate but on the contrary, he had to pay for his mistake, he did not wish to pay. This will highlight the regulatory and enforcement authorities essential.
The author of "Ni Liu struggle" for years to track and study the leadership of the CAS approach can not produce great suspicion, it seems that this is not unfair in general, has already gone beyond the general sense, department to protect the general meaning of the net open side, it has been a serious cover up the illegal acts of serious misconduct? Chinese Academy of Sciences, Lenovo, and Liu, Ni Guangnan of informers, the media on dissidents, journalists, and so open and many years of "bullying" audit storm even in the face, but still be able to safe it? The reason for that? What reason? What legal basis? Or, is this all really deserved? Originally supposed to be the protection of Chinese law? . .
2, February 1999, the academician of Chinese Academy of Sciences reply 8 chain reactions.
In early 1999, Wang Yuan, Wang Jue, Fang Shouxian, white dragon, Xu Guo-Zhi, Yan Luguang, Yang Yue Xiu Fellow with what the throne Ni Guangnan report the receipt of the letter, the association listed on Liu in Hong Kong during the connection to the law and discipline CAS question. .
12 February 1999, the Chinese Academy of Sciences, academician of the reply given 8: according to the instructions of the central leadership, organizational unit of the Chinese Academy of Sciences, 10 July 1997, to visit Hong Kong lasted 24 days of investigation, which concluded as follows: "national audit and supervision of joint investigative report problems are inadequate and issues in the work. Investigation has not found that individuals, including the Hong Kong team discipline problems. Hong Kong Association 1995 losses has been identified, the improvement measures have been taken to implement and effectively. Loans to the ESOP Hong Kong liabilities is based on objective criteria at the time and the Beijing Association made holding position. Currently, the party has repaid the loan and interest. ”。.
It should be said that after six months on Sept. 2, 1999, convened by the Lenovo Group, Fellow of the public fired Ni Guangnan press conference, in strict accordance with the spirit of this instruction. This is the September 6, due to extreme anger, sorrow and despair, while the Ni Guangnan confused and write "Please do not dismiss the results of my work", but also with the Sept. 7 to write "My self-criticism," the main reason . After the article published on the Internet, there are some people who sympathized with Ni Guangnan, that the old Ni under great pressure to use the Spring and Autumn Annals; there are some people who are sympathetic to Ni Guangnan and old, like Ni, into temporary confusion. .
NI Guangnan, Lenovo Group – that she had to pay ten years effort, sweat, and the creation of hundreds of millions of wealth, flagrant call press conference to this humiliation, declared: this year has been expelled from his 60-year-old founder, publicly denied the claims credit for the magnificent founder deserve all of the shares.
If this is a psychological war between Liu and Ni Guangnan, Liu won. Ni Guangnan in the sad and angry, almost lost their fighting spirit, almost chaos, confusion, gang of Liu's busy. .
NI which began in the face of the media, before that, he has a strong sense of confidentiality, the only reported to his superiors, he never told reporters, "the secret". However, during this period, the young journalists all overwhelmed in the entrepreneurial personality and unique affinity, the media are required to be dominated by LIU Chuanzhi, Lenovo Group of advertising investment. NI Guangnan although constantly to journalists argue that however, in the comparison between superior and inferior force so obviously, "the open fire, deprived of their rights and interests and political events", all the media is almost overwhelming endorsement of strong, accidentally or deliberately to avoid controversy Willow NI fundamental-critic of the Hong Kong people "curve presented" a huge amount of interest in the legality of the problem.
A good society should have a fair number of media, to come forward to advocate for the rights of the disadvantaged. However, to date, most of the Chinese media, "Liu Ni dispute", the otherwise collective aphasia; or they will become the mouthpiece of the money power or strong, not pursue the truth, without regard to conscience, social justice and the dignity of the law practice It is distraught! . .
In this public criticism and punishment before the meeting, and the other journalists, the Lenovo Group and LIU Chuanzhi, full of appreciation. It is associated with this lurid himself strong, do not hesitate to disadvantaged public humiliation, the author for the first time, the Association for entrepreneurial individuals to admire, a discount.
October 1999, the authors have written a 3000 word has been reported, due to the operation of article impact statements during capital Liu possible violations of laws and regulations of the fundamental problems, and there is sympathy for Ni, severely criticized the tendency to think too much high-handed acts, has been a central publications and a level of media, I value most "shot." .
Subsequently, the author 3 January 2000, Computerworld published 2 million words in the sorrow of fission "reported ... Yu, SINA on the pain of fission" is reproduced.
January 5, Lenovo announced only newspaper group in the computer world, nearly 20 million yuan each year of ad spending, and to letters accusing "fission pain," "serious error." On that sole responsibility for immediately, if the report is indeed false, please specify that you see the court of law, but the newspaper leadership took the opposite approach. .
8 January, under the auspices of the then gongyuguo Chinabyte Liuqi, sole weaves IT and media industry and a group of elite scholars have the pain of fission "event discussions.
January 13, New York, Mie Lun issued a "divorce is the result of unreasonable";. .
14 January, the famous media critic sunjian China published IT hero enthusiasts;.
January 14 Thursday, "Southern Weekend" to two full-page "Lenovo and calculation of the discarding? "It were reproduced in the title. .
17 January Monday, Chinese Academy of Sciences and Lenovo Group convened a large-scale News Conference ... Since then, meeting some of the angry drunk is the clever media reach many places. On the same day of the Beijing Youth daily huyanping reporters a full-page accusing the painful fission "represents the" backwardness in the reform of the masses "backwardness.".
However, fortunately, in this between the "People's Daily" The commentary has always maintained a fair and calm attitude. .
January 18, the famous media critic Zhang Ming released the West on a story by reflections on the turbulence;.
January 21, Silicon Valley's yang published "China Focus IT industry for the first time," the next five years, published a series of five reviews. .
25 January, Academy of Social Sciences Professor Prof. min big mature media published and mature community law ….
Although the "pain of fissile" Lenovo has been suppressed, so that finally a personal experience of money in today's Chinese media magic power. Nevertheless, it still received a tremendous response in the intellectual, sympathy and support. Great voices of these scholars supported Ni Guangnan, also encouraged the "pain of fissile" author. .
NI Guangnan quickly from publicly come out firing events to continue his promotion in China, the development of the Linux core technology of China's IT efforts.
32,000 years, the Chinese Academy of Sciences of the four deputies reply has highlighted the basic evidence? . .
Subsequently, the NPC junliang, Hui fen, Chen jiansheng, Gu songfen NI Guangnan reports material received and read the Chinese Academy of Sciences in 1999 to give 8 academicians answer, once again raised a question to the CAs.
September 12, 2000, Chinese Academy of Sciences reply as follows to convey the following information. .
In 1992, the Hong Kong Association for listing for enlargement, including the LU Tan ping, Ng Lai Yi, Zhang and Zheng State as individuals, its enlargement funding from Lenovo borrowing. Four-person borrowing respectively, Lu Tan ping 215.40625 m, Ng Lai Yi 215.40624 million dollars, Zhang Li-77.45932 million dollars, Zheng national 44.308307 million dollar total 552.58012 million dollars. Hong Kong side therefore share capital increased to $ 100 million, the equity ratio increased to 43.3%. . This problem is inside. .
First of all, Beijing Lenovo to brief personal lending 552.58012 million dollar vast source? is the Association's own income, or Beijing Association from bank loans? regardless of origin, it is not a critic of personal property, whether in the foreign exchange statistics report?, in accordance with the regulations of the people??s Republic of China foreign exchange regulation 6 of the "where there is a balance of activities of organizations and individuals, it must be declared on balance of payments statistics. ”。.
For this, Ran Zhijiang lawyers sharply in that:. .
First of all, whether in the early 1990s, and still today, the national legislation expressly pointed out that the non-financial institutions, enterprises, in particular the State-owned enterprises, not lending to individuals; State-owned enterprise restructuring, not their own funds to foreign persons.
Secondly, the enterprises, especially state-owned enterprises, foreign exchange, especially in large foreign exchange, leave be approved by the relevant authorities and the approval of SAFE or record. From the administrative regulations to "criminal" until the resolution of the NPC in recent years, there is misappropriation of public funds lent to others in the legal interpretation of state-owned enterprises are forbidden to public funds (including bank loans) lent to others, let alone transferred to foreign "debt holdings," Central Discipline Inspection Commission more stringent requirements. .
But so far, whether Lenovo or none of the Chinese Academy of Sciences, Chinese Academy of Sciences or foreign authority produced permitted this 552.58012 million dollar exit, and permit it to foreign-5 years, to the Hong Kong Association liabilities of supporting documents.
Contrary Ni Guangnan pointed out that Liu himself from the operation of a lending practices, and even did not receive its wholly owned subsidiary, Beijing Lenovo - Ming Company (Hong Kong businessmen in Beijing Lenovo to borrow large sums of money, is a media company to complete the Southern Ming The. On the note) board of directors. Lenovo and Beijing, as the then board of directors of the Southern Ming Ni Guangnan, Beijing, Lenovo chairman and directors of the company has Mao Ming Dynasty, two individuals were not aware of this, never so in the board meeting discussed the matter. Evidence for the November 28, 1995, Ni Guangnan, who Maochao and Zu-Long signed the document. Is as follows:. .
"Cho Chang-Ming's Board of Directors are: the Hong Kong Association Finance Department Slan comrades asked me to nanming company directors in the related file signatures to prove that I did not have any naming company lending relationship, nor does it receive a salary, I checked the word. I declare that I have never participated in the meetings of the Board of Directors of naming companies; I've never seen nanming company's financial statements. If you think what I said is the case, for instructions. Regards! "sign:" NI Guangnan, MOH Chao Zhang zu detail. " . .
A State-owned company of the President of the Board of Directors, without discussion, the huge amount of foreign currency loans to foreign personal liabilities of unit-holding for five years, whether it constitutes misappropriation of?.
In accordance with the "Criminal Law" 272, on the misappropriation of funds of its crimes, the crime of misappropriating public funds and interpreted as: company, enterprise or other unit staff, using his position to embezzle the funds as his private use or loans to others, the amount of greater than 3 months is not yet in, or if the quantity more than 3 months, but a relatively large amount, making activities or illegal activities are to be 3 years of imprisonment or criminal detention; misappropriated huge amount of money in this unit , or a larger amount of non-refundable, Office 3 years to 10 years in prison. .
State-owned companies, enterprises or other State-owned company engaged in the public service of the personnel and State-owned companies, enterprises or other State-owned units to non-State-owned companies, enterprises and other organizations engaged in the public service of the personnel in the preceding paragraph in accordance with law No. 384 of convicted and punished.
"Penal Code" section 384, embezzlement of public funds: national staff to facilitate the use of his position, misappropriation of public funds for his private use, engage in illegal activities, or misappropriation of public funds a relatively large amount, making activities, or misappropriation of public funds a relatively large amount, more than 3 months have not yet, is embezzlement of public funds, Department 5 years of imprisonment or criminal detention; the circumstances are serious, more than 5 years in prison. Misappropriation of public funds a huge amount of non-refundable, for more than 10 years of imprisonment or life imprisonment. .
The criminal code, article 169, acted priced shares, sale of State-owned property crime: State-owned companies, enterprises or the competent Department of the direct responsible responsible staff, to commit fraud, the State-owned assets priced shares or sell, causing great damage to the national interest, at 3 years of imprisonment or detention; making national interests were particularly significant losses of at least 3 years of imprisonment for a term of 7 years.
Another case may be associated with include "Criminal Law" Section 166, for the relatives and friends of illicit enrichment; "Penal Code" section 193 of Loan Fraud "Penal Code" Article 191 "evasion crimes" and "Foreign Exchange Control Regulations" " Interim State-owned Assets Management Regulations "," Interim Measures on Transfer of State Assets Management "and" Banking Law "and so on. .
In fact, the Chinese Academy of 12 September 2000 to 4 deputies answer, though, as always, "holding" Willow "and" NI, but they also had to say some of the basic fact. The Jan-Judy published professional legal advice.
Please read the details of Xinhua http://group. . Home. . News. .cn / ruanruhui blog http://dryuanruhui. . Home. . News. .cn / blog. .
First, all of. .
30 June 1995, the Association of workers and the General Assembly, NI Guangnan was dismissed from the duties of the Chief Engineer, Lenovo Group, the message is from Lenovo Group Chairman Mao, the DPRK had declared; 2 September 1999, News Conference, NI Guangnan was expelled from Lenovo group public and deprived of its founder, the news was announced by the MOH Chao.
Why, then, on Nov. 28, 1995, Ni Guangnan has been removed, had Maochao yet and Ni Guangnan, Zu-Long with the signing of documents, said they do not know Ming from the company (Beijing Legend 5.52 million dollars to the people of borrowing large sums of money through the its wholly owned subsidiary of Ming as the medium completed) had lent money to leave Liu suspected embezzlement of important evidence? . .
Second, the NI Guangnan memories and ruminate about this.
(A) when the second term of office as director of CAS Institute of Computing Maochao once had several run by the chairman or the joint venture, including ICT, Lenovo, vibration and more. Calculated by the staff at that time, these companies, his most support vibration, the vibration is who they say Maochao "pro-son." In fact, he Maochao indeed put his own son, vibration, when the vibration in the office of general manager in the United States. In 1992, the calculation of the cover of a "key House" (that is, over the past 10 Academy Road Lenovo headquarters), although when Lenovo has been much greater than the vibration of, but the vibration in the still and think on a half minutes of that floor. .
(B) the communication is calculated, the rites of factories, a joint venture of three units, and later in ICT out smuggling problem, MOH Chao said: I have no tube, ICT, CAs on the company's policy is to "keep". MOH Chao said he did not execute the approach, he has no responsibility. In fact, the history of ICTs has little "trick" of the Ministry of trade and industry. ICT has formed, NI Guangnan when the Advisor and the Shenzhen trade and industry Centre in hang together to support the development of associative-NI Guangnan hanka. . ICT would like to develop high-tech products, it has invested several hundred million (that was a great investment) to develop "small supercomputer", the plan market Xuqiu is not clear, one-sided pursuit of speed indicator, architecture complexity, with the 2000 number of PAL (programmable logic device) development cycle is too long, has not make products. ICT and seeks to earn money to support the development of trade, but ICT is too small, insufficient to cover the benefits of trade, it also has its own character terminals and other high-tech product development, market-style Chinese card as Lenovo large profits also limited. ICT may be related to the smuggling problem was occurring costs and their profits are too low.。.
(C) for the association (1984-1989 calculated by the name of company), Ni Guangnan memories, until June 1996 he was dismissed from Lenovo's director, chief engineer until 10 years or association board of directors had a meeting the board did not have Mao seems useless in this chairman. Had not attended the basic Maochao Lenovo's meeting exception only once a year, this is the year-end company party. At this time, Liu had a rule to ask Mr Chairman took office, while Liu too happy to sit in the audience Ke Guazai to see shows. .
Listing 1, the Hong Kong Association.
Lenovo ready market in Hong Kong, Liu and Hong Kong businessmen so often associate finance director at the Hong Kong office of the Order, there are many people travel, Ni Guangnan know that they listed in the busy, but never let Ni Guangnan Liu interfere. Until mid-October 1993, Ms Mary Ma Ni give his name listed as the executive director of the English curriculum vitae, this time to the Ni read October 8, 1993 the third edition of the prospectus, which is listed on the first contact material Ni Guangnan. For the first contact of Ni Guangnan prospectus is indeed puzzled, even more exasperating is the important number of data are marked by ***, saw an empty look. .
Took the "hieroglyphics, NI Guangnan returned to Beijing to see how the DPRK had Mau, he can be considered a" legend superiors ", see his" review ". I didn't expect was ignorant toward listing on Maui, is better than the NI Guangnan, he said that the old NI ya know, LIU Chuanzhi nothing and I said, I'm much more than you know. Looking for a few days, the MOH Chao prospectus also gave NI Guangnan, said that the old NI you know, the Hong Kong Association of things I don't know anything. Prior to listing, MOH Chao Liu Hong Kong audit the accounts of the Hong Kong Association and signature. Afterwards the MOH Chao on NI Guangnan complained: critic asked me to sign, but I don't know anything!.
Ni Guangnan found in the first half of 1994 when Hong Kong businessmen holding debt problems, a few times to have Maochao, Chinese Academy of Sciences reflect the situation, the hospital leadership to find in early July 1994 Liu, Ni Guangnan were talking, he Maochao had participated. Ni Guangnan conversation on the meaning of the courtyard to Ni Guangnan to unity for the weight, and Liu continue to cooperate, the issue considered by the leadership. Ni Guangnan reflect the situation was not on the outline, but Liu said Hong Kong businesses account for a number of shares to lend to the practice of damaged association interests. But once Maochao Ni Guangnan said the following on the right, you do not grasp the major comments, criticisms courtyard and talk Liu Liu said, "Ni Guangnan told you 'misappropriation' how to do?", You should pay attention to this major problem.。 In more political experience of guidance Korea MOH, NI Guangnan gradually mastered the crux of the problem has also been Mau NI Guangnan towards for his leadership and treat allies.
From 1994 to 1995, Ni Guangnan Duoci Zhao Zeng Maochao and Chinese Academy of Sciences leadership was in charge of reporting, and sometimes find someone who Maochao, find hospital leadership, and sometimes also to find, but once Maochao the exposure is always on the Ni Guangnan to acquiesce. 1994, "Lenovo Zunyi Meeting," during a short period, has Maochao to enter the "Lenovo core" to support the attitude of Ni Guangnan, such exchanges between two close together, though some colleagues have in mind to remind Ni Guangnan Maochao, said he has always good at change, but the Ni Guangnan not agree. .
2, care NI Guangnan don't commit suicide.
June 30, 1995 Legend of the Trade Union Congress, the Board of Directors has Maochao Lenovo announced on behalf of the directors and the chief engineer position to remove Ni Guangnan, Ni Guangnan read the "crimes" but in reality, Ni Guangnan that he did not intend to own "break "Just two days before the General Assembly had specifically go toward Mao Ni Guangnan wife, conveyed to hospital leadership" care "is called Ni Guangnan love attention, so after the meeting announced the removal of Ni Guangnan, do not let Ni Guangnan suicide. After he did not and Ni Guangnan, "drawing a line", Ni Guangnan also went to him and told him that being reflected, said concern had Maochao. .
One day, NI Guangnan is written up reflecting materials, unable to find prospectuses, worried that his Office a few people have said no, and call the person suspected of Ma NI Guangnan away, because there is no lock on the NI Guangnan Office keys also turned out to be. ? NI Guangnan, company may have a prospectus is President of the Chamber and PR NI Guangnan since I have gone to those places that do not fit, so he called up to the MOH to consult the Office of the NI Guangnan, NI Guangnan judgment have PR, MOH Chao to PR, the MOH Chao was a prospectus came back to the Office, NI Guangnan thank you very much. . .
3, the Chairman of the Board toward the MOH sign..
November 1995, Ni Guangnan and had Maochao accounting association in Hong Kong have received the documents sent, is the Ming company tax returns need to be confirmed and signed by directors of some things (if not borrowed money from the Southern Ming, never enjoyed Ming's salary, etc.) and do not mind starting Ni Guangnan. But the man who Maochao cautious, went to Ni Guangnan's office to discuss two are puzzling, because even what time to become a director of the Southern Ming Dunong unclear. They called Hong Kong's Zhang Zuxiang asked, in Zhang's remind, have Maochao recall mentioned Liu and his director told him to do things Ming, Liu said Ni Guangnan also remember this, but never opened because of too will forget. .
Ming is a critic in a company, Association of money (up to tens of million) to Hong Kong after the southern Ming to operate. Hong Cheng State Minister and the Chief Financial Officer of naming, this is a very strange patterns, Lenovo's company was abreast of financial. Mr. Sze practical minded nanming "tofu" such as Lenovo account in personnel expenses, buy a House, gifts, etc., and the operation of the tens of loans is the Chief Financial Officer of the National Cheng tube.
Ni Guangnan and has Maochao, saying, lend money to businessmen by Liu Ming, if this is Ming Liu said the board's decision, how do we do? At that time, said it is unclear. Ni Guangnan suggested that the idea to get rid of stakeholders, Zhang Zuxiang is honest, can prove that we do not intervene in the Southern Ming Zhang Zuxiang things, there are three people that should be useful at the same time. When two negotiation, it sent a fax to Hong Kong, Zhang Zuxiang points, although the two statements to Ming as a company director in the relevant documents signed his name, but "never participated in the company's Board meeting, Ming," "never read access to the company's financial statements over the Southern Ming. "。 NI Guangnan, then once Mau Cho still consider NI Guangnan up reflect the likely to succeed, if the above holds, the critic may have trouble, you should look to get rid of stakeholders. In NI Guangnan, this description has supported Mao towards NI Guangnan reports "liabilities to shareholders." Subsequently, the MOH Chao attitude why another 180 degrees of NI Guangnan and uninformed.
However, objective fact, the Chinese Academy of Sciences Fellow in 1999 8 2000 4 the NPC on the public response, although again the defense for Liu, Liu has not indicated 5.52 million U.S. dollars loan to the Hong Kong people have been led by the competent Chinese Academy of Sciences signature recognition, and also did not say that it has been produced by Beijing Lenovo, or Ming's board of directors of collective discussion and the formation of the resolution. Because, according to China's relevant laws and regulations, this may have constituted a serious violation of discipline, Liu is responsible should be personal, or form a resolution, signed by authorized person responsible for it. .
For more information please read CCTV http://blog. .cctv. .com/? action-mygroup-gid-2443 blog http://blog. .cctv. .com/html/07/925307. .html.
According to public reports, 1990, Lenovo, and before the young sunhongbin critic of conflicts, in willows reported under "misappropriation" was sentenced to 7 years. For this, ran Chi Chiang lawyer pointed out that this description of what a "critic on misappropriation of public funds" is very clear and it can be said for that matter, were arrested on suspicion of intentional.
Sun Hongbin after which, at his own request, and Lenovo, the court negotiations, the court revoked the original decision, saying it was wrongly charged, wrongful arrest, wrongful conviction, to be vindicated. .
Jan Zhi Jiang to counsel, the critic of Beijing Lenovo 552 million dollar loans to foreign investors, with only two possible.
First, collective discussion by the board of directors, the majority of people support, through to form a legal entity after the resolution, chairman of the board bear the primary legal responsibility. However, the November 28, 1995, by Beijing Lenovo Chairman Mao had Korean, directors, and Zu-Ni Guangnan jointly signed documents have been detailed explanation, there is no such a possibility. The authenticity of the signature handwriting, verified by the court. Until September 2000, Chinese Academy of Sciences for four open letter of reply NPC and its annex, there is no reference to the resolution adopted by the Board collectively, did not produce more. If the "question the association of original sin," after the project came to the sudden resolution of such a signature, its authenticity, it also needs identified by the court. .
Second, the collective leadership of the Chinese Academy of Sciences, research and written approval by the Chinese Academy of Sciences recognized leader assumes full legal responsibility. At that time, Chinese Academy of Sciences is responsible for leading, Chinese Academy of Sciences Dean Xun yan as ZHOU Guangzhao. Lenovo's lending, the decision by leaders of the company's Board of Directors did not know this, I'm afraid this is out of order, for violation of the companies Act? also, until September 2000, the Chinese Academy of Sciences to give four deputies reply publicly and its annex, there is no mention of the Chinese Academy of Sciences, the resolution is not produced. If the question Association Sin》 topic the springing a resolution signatures from the false, is the identification of the Court.
In any event, "donated curve," 5.52 million dollars in loans to foreign individuals, debt holdings up to 5 years, and eventually realize a nearly 10 billion Hong Kong dollars, owned by foreign individuals. Such an important thing that should be prosecuted prosecutors investigating whether the full truth of how things, whether the law should be a court decision. .
The CAs does not qualify for the people's Republic of China the criminal law of the foreign exchange control regulations of the State-owned assets of temporary Management Ordinance the SOE interim measures for the management of the transfer and the Bank Act and other related regulatory powers of the judicial interpretation, does not have permission to change the law, law enforcement powers.
Please read the details and information network http://mryuanruhui. . Blog. . Hexun. . Com / blog http://yuanruhui. . Blog. . Hexun. . Com /. .
Additional evidence has been sent to the global online community blog http://cblog. . Chinadaily. . Com. .cn / port / yuanruhui please to download. .
An old legend Li Qin fade out digital insurrection Kuo, shareholder stock, author: Hou Ji-Yung source: 21st century economic report.
Calculate the number of elderly Chinese Academy of Sciences still remember 20 years ago this scene: from the calculation of the second floor of the office looked out, often see 20 to individuals, the host computer to move from outside the gate to the courtyard, people Pull shoulder, mighty, led by two people, sweating, one Liu, another man named Li Qin. .
Since then, the old legend (split before Lenovo) employees, the critic is the core, Li Qin is referred to as "the old legend." It is precisely because Li Qin in a very unique position in the old Association, in 2000, the old legend is split into Lenovo Group and digital China, LIU Chuanzhi, Lenovo Group Chairman, Li Qin is digital (HK: 0861) Chairman of the Board of Directors.
Digital China to operate independently in these seven years, Li Qin has represented major shareholders holding the helm of Lenovo Digital China. With the Digital Evolution of equity, the "old think" finally to the curtain call when. .
December 20, 2007, digital announcement said Li Qin age reasons has resigned from the digital Executive Director, at the same time Chairman of the Board ceases to digital.
"This indicates that Digital China has ended the old era, new era has begun." In a Digital insider view, both symbolic significance of the departure of Li Qin and immediate significance, "mark a new era of Digital China about to begin a series of operations. " .
A major reshuffle, the Board of Directors.
According to December 20, 2007 notice issued by Digital China, in addition to Li Qin, the former director of ICT has not served as executive director of the DPRK-mao, China is no longer well-being mobilized because of his years as an executive director, William O. Grabe resigned as a non-executive director. In the four directors who left the same time, Xu-Dong Tang, Hong-Yu, Chen Zhiyong, Yan Yan, etc. become the new director of Digital China, Digital China will serve as company president and CEO, Chairman of the Board. .
Digital China this is obviously a major reshuffle of the Board of Directors the direct embodiment of the changes in ownership.
August 2007, Digital China announced on Hong Kong Stock Exchange by SAIF Investment Fund, Hony Capital (from Legend Holdings), IDG VC 3 acquirer, the Joint another offshore company KIL (Guo Wei, president of Digital China are wholly owned) , respectively, Legend Holdings and the Fund to purchase the original shareholders of GA held in Digital China in 29.60% and 13.34% shares. .
Lenovo shares held directly or indirectly a total of original digital 47.43% shares, sell shares drop after 17.83 per cent, is the second largest shareholder. Sai Fu investment funds to become digital China's largest shareholder, holding 20.15 per cent. Digital China CEO Kuo, through its wholly-owned company, KIL indirect holding digital 10.29 per share, for the third largest shareholder of the company.
Li Qin in the development process of the old association of the three major events have played a key role. This relationship between three major fate of the old associations were Ni Liu (Liu and Ni Guangnan) dispute, North-South integration (into the Hong Kong Beijing Lenovo Lenovo), and the association split. .
Willow NI controversy by outsiders summarized as "trade" and the "African tech" on the other, form of expression is one of the two sides in the research project for approval on the right. In 1992, the critic that too many NI Guangnan project, Lenovo power, Li Qin is called for the establishment of total work, establishing approval system. NI Guangnan to resign, LIU Chuanzhi so give up the total work to do.
Since then, the relationship between Ni Guangnan Li Qin and no relaxation. At that time, Ni Guangnan responsible for research and development, Li Qin responsible for the production, marketing and sales. Some research products in the market after the failure experience, the two sides differ on the reasons identified, Ni Guangnan that failure is developing too slowly, to a large investment, Li Qin that the company's management infrastructure and a lack of cause, to cancel a number of R & D projects . .
Dispute lasted until 1999, the Association has chosen the "trade and technology," LIU Chuanzhi also supports Li Qin, NI Guangnan so out of the game.
In the North-South integration process, Liu has been in Hong Kong and Lu Tan Ping "war", Beijing has to support the overall situation on the Li Qin, in order to avoid fire in the backyard. By 2000, when the old Legend spin-off, Digital China, Chairman Li Qin as for Guo Wei escort. .
"Lenovo" Li Qin exit, as well as a new Member of the Board of Directors, marking the formal entry into the digital era Kuo.
Second, God set the tone for IT service code. .
Kuo became Chairman of the Board of Directors of digital marks him from professional managers in the company's largest shareholder. Prior to this, as professional managers, Kuo's mission is to complete the tasks entrusted to its own Board of Directors; and currently serves as Chairman of the Board of Directors and major shareholders, Kuo's task is to clarify the company's future direction for the company's assets, give yourself and the other shareholders higher returns. This will give digital changes including the company's organizational structure changes, changes in business direction and operational changes, etc..
Sources disclosed to reporters, Guo Wei has been selected for the development of Digital China: focus on the development of IT services. Previously, Digital China is to uphold existing within the main business is the development of IT services, distribution has been controversial, and the development of Digital China to change direction several times. .
In 2000, McKinsey in to digital in a report to its pointed out three ways: first, through e-business transformation of retail system, a supply chain management enterprise, into China's insuring international; the second is from channel distribution moves forward as a contract manufacturer Flextronics, examples are; the third is supply chain management, software integration, and network infrastructure equipment sanjian Salvo, finally integrated into IT service, IBM China. Kuo was chosen the third way.
But by 2004, Guo Wei again adjusted corporate strategy, "three-stage rocket": distribution, systems, IT services are as short and long-term focus, short-term to long term laying the foundation. However, in the process of development, Digital has faced short-term gains and long-term direction of the hard choices, and the resulting distribution of business or investment should be focused on the development of IT services to the dispute. .
Informed sources said Yan yan-led safety Fund concerns digital already has in the past two years, he thinks the future China IT services market with prospects, and the digital in the Hong Kong stock market and the market value of the low, if clarified digital development direction, and the corresponding operation, the company's value is still a very big headroom.
IDG VC investment for Digital China comprehensive partnership in the interview with this reporter, said that its investment Digital China is mainly based on the following three points: First, the management team led by Guo Wei; second code in the hands of God have the resources; 3 Digital China is the Chinese and IT services in the layout. Guo Wei and let a major shareholder is the key to the success of this acquisition. .
Capital markets for digital positively change of shareholders. In early 2007, digital stock price is about $ 2 billion, its stock price has risen to historically high 5.7. According to digital on December 23, 2007-annual report published by: as at 30 September 2007 of the digital realization of revenue 166.99 billion, an increase of 40.66%, net profit of approximately 1.47 billion increased 60.89 per cent.
3, Guo Wei's two things. .
These digital internal sources, Kuo become digital, recently the Chairman of the Board of Directors will proceed with the two things: first, the restructuring of digital assets, under the restructuring through split, so that each company independently; the second is to use capital operation means through the company introduced strategic investors or separate listing so that its assets.
In 2006, Digital China for the development of IT services has begun to implement a virtual subsidiary of the four major strategies: the four business unit will integrate the company, adjusted for the four directions: mass distribution, value-added distribution, IT services and private label services, and accordingly changed its name to Digital China Technology Development Corporation, Digital Equipment Corporation Systems, Digital China IT Services Group, Digital Products Group four virtual subsidiary. .
Sources said that Kuo next May to remove the above subsidiaries of "virtual".
December 28, 2007, Digital China announced on: Digital China and Suzhou Venture Group recommended the establishment of a joint venture memorandum of understanding reached at the same time, the two sides proposed to set up an investment management company and the establishment of venture capital funds. Under the MOU, a joint venture company is established, will mainly engage in Digital China Information Technology currently engaged in value-added services and innovative information technology solutions. .
Digital press spokesman, BOAI says: currently, the two sides also in strategic cooperation stage, a non-legally binding memorandum of understanding (MOU) will be announced in January 2008, a detailed plan of cooperation.
The so-called "information technology value-added services and innovative information technology solutions business," the value-added distribution business, currently engaged in the business of Digital China's companies, including Digital China Management Systems Limited, Site Qi Information Technology Co., Ltd., Guangzhou Xin Long Science and Technology, the National Letter northern network. .
This reporter was informed that the digital plan to split the business alone, and then through the acquisition and financing, and implementation of A stock in the country.
Digital insiders, and Suzhou Venture Group, Guo Wei, operational cooperation and capital operation of the spin-off the start, followed by a series of operations will also be launched. Allegedly planned spin-off of Digital China's business also includes IT services and private label services, the former including Emerging, Kaloke joint venture of the financial advisory firm, and Japan GE, TIS joint venture of the software outsourcing company; which include Digital Online Technology Co., Ltd. (a joint venture with Softbank), Digital Network cable companies. .
Nguyen comments: Yu-fai.
1, from August 2007 to November, Digital China is nominally foreign acquisitions, in fact, the funds are used for loans from the Industrial and Commercial Bank of China, Guo Wei holds a 0.10% stake had become a 10.29% stake held by from the multi-millionaire to become a billionaire, should be allowed to pay personal income tax (using the personal income tax software to calculate 300 million yuan and 1,600 yuan, net of the "Four Golden"), 110,683,905 yuan * 5 times = fine 553,419,525 yuan. .
2, Kuo is where 3 million registered in the British Virgin Islands after KIL (large possessions or embezzlement) and then to the company's acquisition of KIL digital shares?.
Please read the details of Guangming Wang http://blog. . Gmw. .cn/u/42473/index. . Html China Youth Online http://home. . Cyol. . Com /? Uid-10006687 blog http://yuanruhui. . Blog. . Techweb. . Com. . Cn /. .
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
Associative and private investors in case of a "democratic State" cases Beijing Bisnis Li. ..
One is born in "China Silicon Valley" in Beijing's Zhongguancun high-tech enterprise, one is leaning against Shandong started doing real estate business. In the Song Hong opinion, for this reason enough to support 29% of Legend Holdings to sell stake to Asia Standard Group, if Liu and Legend Holdings is to be done this way Lenovo's international "very unwise." The two companies appear to have no intersection because of the capital came together. Through huge amounts of money invested, Asia Standard Group to become the third largest shareholder, Legend Holdings.。.
First, state funding is still the largest shareholder. .
Lenovo holdings and China Oceanwide Holdings Group yesterday officially announced that Lenovo shares listing period only one eligible recipient, Oceanwide holdings as Lenovo holdings's third largest shareholder, holding 29 per cent, the trading price of 27. .55 billion yuan, of all cash transactions.
Asia Standard group was not before, the National Science Holdings accounted for 65% of the shares of Legend Holdings, Lenovo holding 35% of ESOP Association. The share transfer, the National Science holding 36%, still the largest shareholder of Legend Holdings, Lenovo holding 35% of ESOP Association, Asia Standard Group's 29%. .
"Lenovo holding 29 per cent of the shares at less than 28 billion!" many people know this transaction amount after an exclamation. The price for the entire legend holdings should be 100 billion. However, only a Lenovo holdings subsidiary Lenovo Group present in the market value of $ 300 billion. Thus, "Lenovo holding assets are being questioned by the sale".
In this regard, the National Science Holdings general manager explained Tang Mai village, 27. .55 Billion price is the transfer of state assets in accordance with the provisions of the State, after a rigorous assessment process to determine the assets, not only by the individual pricing. Bargaining statements, pricing process is not the National Science Holdings and Legend Holdings to manipulation. .
The National Academy of Sciences holding is a "State-owned assets management co., Ltd". The company was founded in April 2002, by the Chinese Academy of Sciences on behalf of the State capital, is the State-owned company. Holding company of the industrial structure of high technology industries, Lenovo holdings has been founded in the early 20 million investment in the Chinese Academy of Sciences.
It is reported that large-scale high-tech industry to promote investment in enterprises and institutions sustained and healthy development, Chinese Academy of Sciences actively promote the hospital, the introduction of the investment enterprises, including capital, management, marketing, etc., good social resources, diversifying the stock to form a reasonable The corporate governance structure, and proposed to the hospital in 2010, the investment firms, the hospital, the stake to 35% below the goal of reform, has lasted 6 years. In this spirit, Legend Holdings options destined to change. Legend Holdings to sell stake, but the CAS will be its "corporate social equity plan" part. .
Yesterday, "the godfather", IT suggests holding CEO LIU Chuanzhi on expressing its profound gratitude to the national holding: "there is no Chinese Academy of Sciences, the Association of entrepreneurs who could not come this way, a few days ago, our President and to the road on the leadership of the Academy of Sciences, he has also repeatedly expressed to us, ' we still think the biggest shareholder, you have a difficult time, so we'll '. ”。.
2, Lenovo's "private enterprises" blueprint. .
Lenovo holdings is the parent company of Lenovo, Lenovo holdings under five sections, namely Hong Kong-listed Lenovo Group, digital China, as well as legend capital, Hony, from land. In 2001, the Association successful spin-off, Lenovo holdings in venture capital, equity investments and real estate, areas to explore, and accumulated rich experience. Since 2004, LIU Chuanzhi will work in legend capital, Hony, from land development and market aspects.
Many people will have such confusion: "Lenovo is not a private enterprise in the end?" Private enterprise to define the broad sense, non-state-owned enterprises are private enterprises. Lenovo Group Lenovo Holdings ESOP will account for 35% of the shares, so this vision, the Legend Holdings is a private enterprise. National Federation of the list tell us, Legend Holdings is a private enterprise. Legend Holdings reelection scale private enterprises for ten years running champion. However, the Chinese Academy of Sciences of the State capital background, so that Legend Holdings is difficult and "private enterprise" words together. .
"At the international level, many customers may think that Lenovo holdings is a State-controlled companies. "Ma said," I remember IBM Lenovo holding merger.
PC Soon, we in the U.S. State Department has a big one, then the United States, a Member said Legend Holdings is a Chinese state-controlled companies, a result, the one withdrawn. . ".
LIU Chuanzhi emphasized: "the Sea joined later, more capable of justifying from co. is a private Association of enterprises, I believe that from this perspective, the lenovo ' brand ' international aspects of business. ”。.
Legend Holdings and Asia Standard Group and certain categories in the real estate investment projects on collaboration. Asia Standard Group in the introduction, the association will be holding a series of new business end of the year there. Analysys International chief operating officer Bin Yang believes that this diversification strategy is Legend Holdings chess. Legend Holdings have been taking a wide range of development path, the introduction of Asia Standard Group will make its diversified ownership structure, which receive some of their resources to help the industry, "such as Asia Standard Group in real estate, finance, energy and investment have advantage, which is expected to allow access to these industry associations holding the resources. " .
Oceanwide coal chemical industry group in terms of experience. Lenovo holding Executive Vice President, said Wu also soldiers of clean energy or energy clean power is Lenovo holding important investment direction, coal chemical industry is also a Lenovo holdings concerned about the direction this direction must cooperate with the sea, but not limited to this area. There are media reports over the next five years Lenovo holdings will invest $ 10 billion in clean energy, new materials, etc..
In addition, Lenovo will not only make PC business. Chen Shaopeng, senior vice president of Lenovo Group, said, "Now go try a new business." Lenovo Group is bullish on three areas: mobile Internet, digital home, and cloud computing. .
While listing for Lenovo holdings, LIU Chuanzhi, first through subsidiaries, holding companies listed on the back-to-market approach to overall market place of listing will choose in Hong Kong. However, if a stock market on the mechanism of change, the company offers more space.
Third, private property "big shots" to enter the industry? . .
4 September is Lenovo holding 29 per cent equity trading on the last day, but the sea is the only group of its recipient. From the beginning of August the standard in respect of the tender is not difficult to see that the national holding looking for the "buyer" is the functional group.
CAS requirements, the transferee paid registered capital of not less than 40 million, 2008 total assets of not less than 35 billion yuan, net assets of not less than 10 billion yuan, nearly three-year average net profit to more than 800 million yuan, the main business operations should include finance, energy and real estate in three areas, in the three areas of direct investment is not less than 20 billion yuan, and there must be at least one area controlled listed companies. The Asia Standard Group fully meet these requirements: registered capital of 4.1 billion, the main industry also happens to be the financial, energy and real estate in 2006 in the A share market. .
In addition, the critic also revealed that he and the sea have long Lu Zhiqiang, Chairman, and is known for many years, friends, so Lenovo holdings and Oceanwide holdings "hand" is not accidental, it is not a paper selling bulletin explains.
So, Asia Standard Group eyeing Legend Holdings any "advantage" mean? . .
Oceanwide Group Chairman and CEO, Lu said: "Lenovo holdings has a good reputation and a strong and excellent management team, our long-term optimistic about the future development of Lenovo holdings. I believe that this strategic collaboration will give the parties to bring new value for the enterprise to provide a more robust growth, vitality, and for China's economy in the global economy, a new round of competition and cooperation in the realization of new development and rising to a power. ”。.
Chinese Academy of Social Sciences Institute of World Economics and Politics of international trade, Song Hong, director of Research, shares the success of China's most well-known technology investor group, follow-up of a chain reaction is self-evident. Song Hong same time, in recent years, the real estate industry's huge profits is obvious to all, rich and powerful real estate business very much. This phenomenon is also to many domestic manufacturers deviate from the main business, have put the real estate industry, "this is not a good thing" and hinder the development of China's manufacturing industry, also shows there are problems with Chinese manufacturing. .
After the advent of the "financial crisis, China's manufacturing enterprises are faced with many difficulties, if similar to Oceanwide holdings that have large amounts of capital real estate complex the capital investment and domestic manufacturing, not only to resolve the financial difficulties of manufacturing enterprises, and help their profits and capital flows like Lenovo holding such a high-tech enterprise, also helps the entire manufacturing sector of upgrading and restructuring, trade skills will also be improved. Songhong stressed. "
Song Hong believes that the uncertainty in the property market, the domestic part of the integrated real estate company has a large number of idle funds, these companies can be as much as Asia Standard Group's investment in the field. He believes that Asia Standard Group's stake in Legend Holdings wiser. .
4. Lenovo holdings "of the democratic State" is a case-by-case basis.
Legend Holdings and Asia Standard Group, the "marriage" has aroused general concern in the industry. .
Jishizixun General Manager LIU Chuanzhi Quxiaodong strongly agree, in his view, this stock transfer beneficial to Lenovo in overseas brand image. The national holdings of Lenovo holding 29 per cent equity transfer to the private sector, Oceanwide holdings will decrease by State-owned shares in the proportion of Lenovo holdings, its subsidiaries, Lenovo Group, the proportion of State-owned shares will also be reduced.
"Lenovo Group in some overseas bidding, sometimes that's close ties with the Chinese Government, the state-owned shares will decrease the proportion of it affected less.", Said Xiaodong Song. .
However, it seems, is for this reason songhong is insufficient to support Lenovo holdings sold 29 per cent stake to Oceanwide holdings, critic and Lenovo holdings is trying to complete Association of internationalization "unwise".
"Whether it is China's private enterprises and state owned enterprises in overseas acquisitions, find order and so there will be such an embarrassing situation, in many cases private enterprises will Beiwai Guo customers, partners are state-owned assets Beijing Ren Wei, and Sangshi many Jihui. Therefore, even if Lenovo Holding full privatization, this embarrassing situation will not be a time to be resolved. "Song Hong said," simply put by the state-owned enterprises into private enterprises as meaningless, international prevention is not to 'nationalization' can be solved . ". .
Flying elephant CEO Xiangligang also said that in the national capital Act, "many countries into people's retreat" background, Lenovo holdings to introduce private capital is just a corporate behavior, adjust the current capital market trend or the dominance of State-owned assets. "However, Lenovo holdings shareholder CAs on too much, even though the introduction of private capital, it still gives the management idea of State-owned enterprises. "Xiangligang stressed.
In addition, experts also believe that this round of adjustment is indeed conducive to state-owned enterprises, government investments are concentrated, so the industry there were many "state into people's back" sound. But in fact, private capital and foreign investment in the capital market is very active, but are state-owned assets are covered up. However, the major adjustment of the market is still dominated by the state-owned assets. .
State Committee of Deputy Secretary General Ms Helen had indicated that the top ten industrial adjustment and revitalization plan, important content is the corporate merger and reorganization of spontaneous. At present, in some sectors, such as iron and steel, nonferrous metals, and so have had to adjust. In more areas relative to private enterprises, the State-owned enterprises for better development conditions, private enterprise is because of its relatively small size, financial strength is smaller and enter these industries may be relatively little difficulty.
5, Asia Standard stake in Lenovo has four major focus of the problem, Legend Holdings is reasonable valuation of 10 billion? . .
Some analysts noted that associated with holding the Lenovo Group's current market value of more than 300 billion yuan, Lenovo holdings account for 40% of the shares, thus means that Lenovo holding at least 120 million in assets, why USD1 billion?.
Liu said the chairman of Legend Holdings, Lenovo can not be assessed in accordance with market value of the holding: "Because the market ups and downs of change has been great the past two years, Lenovo's share price has been low, too high, so I assess the firm failed to market value as a pricing standard. "China Asia Standard Holdings Group Chairman Lu Zhiqiang said:" The value is fair, Asia Standard is approved. ". .
VI. transfer of the national holdings of shares earned money?.
Chinese Academy of Sciences of the National Science Holdings to sell shares of Asia Standard Group 27. .55 Billion, such a huge sum of money to how to use it? Deputy Secretary-General, Chinese Academy of Sciences, the National Science Holdings vice chairman and general manager of Tang Mai Village, said the Asia Standard Group, controlling stake in Lenovo, all cash transaction. 2001 Chinese Academy of Sciences of the State Council asset management system reform program approval, the "first major transformation for the transfer of scientific and technological achievements, new high-tech enterprise incubation, and the second is for the CAS high-tech talents." .
VII. how Lenovo holdings when and where to?.
Lenovo Holdings has said that after the introduction of the first capital of Asia Standard Group, one of the goals listed, and now Asia Standard Capital has entered, then the Lenovo Holdings will be when listing? Where listed? How to market? . .
LIU Chuanzhi, Lenovo holdings listed is banshangdingding, definitely not vague. "This is mainly due to the listing you can raise more funds, allowing us to better operate and on our management team have more direct long-term incentive effects. ”。.
Liu said that Legend Holdings is a subsidiary of the listed order must first be listed, and the very growth of these subsidiaries, and is listed Legend Holdings. But he also said: "According to the provisions of the CSRC in China may not allow the parent, subsidiaries also listed, Hong Kong's stock market can be provided, but I very much hope that China's policy in recent years changed, so that we can have a more comfortable choice. "This language may mean that Lenovo Holdings will be the primary objective to seek listing in Hong Kong. .
Eighth, who took over the leadership of Lenovo holdings replaced Ma?, Chairman of the Board.
Liu has repeatedly emphasized that he served as chairman of Legend Holdings is a "stand a good last one post," Does this mean that Liu has delineated the successor it? The five-member board of directors of Legend Holdings Zhu Linan only the youngest. Does this mean that Zhu Linan Legend Holdings is the future head of the people? . .
Critic, said that as Chairman of the Board of legend holdings is an interval. "We have established a programme, in what circumstances I continued to serve as Chairman of the Board, in what circumstances I leave. Although it is not possible to determine the future successor who on Earth, but this person standard, I can say. "People emphasized this critic to agree that Lenovo values agree with Lenovo's methodology. This means that this person should have a sense of social responsibility, should have a strong motivation, vision and lofty, and enterprising. At the same time, the business must be good at learning. "We were we never done business, only such people can lead the Association. "Liu emphasized. . .
For more information please read the bright nets http://blog. .gmw. .cn/u/42473/mature online index. .html. .cyol http://home. .com/? uid-10006687 blog http://yuanruhui. .blog. .com .cn .techweb../..
Asia Standard Legend Holdings shares, one billion of state assets. .
The end of the world community economic forum authors Barrons blog http://blog. .sina. barrons .com. .cn/original financial analysis and commentary.
Time of the filing date 2009-9-13 17:06:00 Reply to access 778 11. .
27. the sea to .55 billion yuan to buy a Lenovo holding 29 per cent of the shares. This apparent already in private, no competition, no suspense, just walk a mere formality.
Legend Holdings should be worth? Because not a listed company, it is difficult to know. However, Legend Holdings holds a 42. .3% Of the Lenovo Group shares, and 16. .23% Of Digital stock. Lenovo Group is the market value of 32.9 billion Hong Kong dollars, the equivalent of 29 billion yuan, 42. .3% Of the shares is about 12.2 billion yuan. Digital current market value of 65. .5 Billion HK dollars, equivalent to 57. .67 Billion yuan, 16. .23% Of the shares of about 9. .36 Billion yuan. Light the two Hong Kong-listed shares on the value of 131. .78 Billion yuan.. .21 billion RMB. This is better than at least 10% higher price. Moreover, the Lenovo holdings and investments honyi legend capital, from land, and other companies. Do these companies together, the value is negative if the future Lenovo holdings listed price is much more than 10 million.
Therefore, the purchase of Legend Holdings, Asia Standard for the profits of more than 1.0 billion. This is the loss of state assets. The old Liu is based on more than 1 billion of state assets in exchange for Asia Standard Group's support to complete control of Legend Holdings. Since then, Legend Holdings is no longer the Chinese Academy of Sciences of the company, but the old willow in the family business. In this transaction, the old Liu is the big winner, Asia Standard Group is the second winner, only the Chinese Academy of Sciences is the taken for a ride. However, the "state" and no one really has, of course, no one cares. .
Such an investment, Buffett do not. This is not worth the investment, but rather the interests of the Exchange, at the expense of the State-owned assets for personal gain.
Comments:. .
Author: Shaw reply date: 2009-09-13 17: 09: 29.
Lenovo itself problematic, with similar, there are ... .... .
Author: makrhero reply date: 2009-09-13 17: 14: 55.
The present socio-economic, that's not nice that the expense is too ambitious ... ... ... .... .
Author: Barrons reply date: 2009-09-13 17: 21: 00.
As the End of the World with Lenovo's investment, if not convenient please feel free to delete the Citie. I understand very well. Please forgive the inconvenience. .
Author: Barrons reply date: 2009-09-13 17: 25: 17.
Perhaps the old Liu is the use of the plight of Lenovo Group Lenovo Holdings to pressure Chinese Academy of Sciences to sell the shares, so as to achieve personal objectives. Legend Holdings shares in Asia Standard on the same day, TPG sold 1 billion Hong Kong dollars Lenovo stock. Who will then offer? Perhaps that is the CAS, with Legend Holdings is to sell the money obtained. .
Author: af138 reply date: 2009-09-14 12: 38: 31.
Insider trading is not clear, but there are problems LZ algorithm drops, the stock can not just market, Lenovo and God code is not worth the price now, or association in no hurry to A shares of misappropriating the ... .... .
Author: Barrons reply date: 2009-09-14 17: 33: 28.
Not Yih, Finance Branch, Legend Capital, Legend Holdings in the hands of the stock on the value of 13.1 billion yuan. Even if all changed hands, up to 5-10% discount. If Dell, Lenovo to sell (not not considered), and even much higher than the current share price. 1 billion of state assets or the most conservative estimate. Hong Yi, Finance Division, Lenovo's valuation of real investment to zero it? Why there is no competitive bidding, weigh various factors to find the highest bidder? The sake of discussion. You said it is not the loss of state assets? . .
Author: therandy reply date: 2009-09-14 18: 14: 31.
Anyway, how many will have a bubble. .
For more information please read and InfoNet http://mryuanruhui. .blog. .hexun. .com/blog http://yuanruhui. .blog. .hexun. .com/.
My statement: the most Aifalaqi, not suicide! Posted by Lanse Yaoji. .
Fallaci most commendable, the challenge lies in the fact that her authority to refuse a flattering! as a reporter, she has a true professionalism. I love the Iris Chang has spoken, but it will never choose her way. In contrast, more appreciation Fallaci tenacity, tenacious vitality! even 10 years ago was diagnosed with cancer, she still overcame the fate of the pharynx and larynx! I want to like her. ....
First heard about Oriana? Fallaci, is the desk in his father. He appreciated the close combat that with Deng Xiaoping, quips, Italian journalist. .
. My life I only had three "Youth Literature" young readers. Huang Bei-jia was my year, most trusted, most favorite writer. I often its characters, we see my own lonely little shadow, this sigh tears. Later, the only clandestine contact with literature, or rely on the reading room; or use as a holiday; or locked the bedroom, in bed flashlight to see Qiong Yao, Emily who, because, as long as the lights, my mother will be able to immediately Review the movement under the door.。 Whereas the reference messages on my since from the s-man thing, you can play, and the father equal shared reading.
The second referred to Fallaci, in the winter of 1999, I was made a topic, has a premonition that will lead to a storm. Beijing at the time the Eastern one of the most luxurious office building, I announced to my boss at the time: I want to be China's Fallaci! He is the confidant of my life. Is also experienced in earlier life, I most respect and trust of a boss. In a great catastrophe, such as non-he shot Xiangbang, then I might be dead. Later, he also suffered career setbacks. A year later, a comeback! Recently heard, just past 2004, he led the team, only the net profit, on revenue by more 10 million yuan.。 I think the most praiseworthy Fallaci, the challenge lies in the fact that her: authority to refuse a flattering! as a reporter, she has a true professionalism. Sincerely, brave, I all of a sudden, she pulls out of learning. Although, I admit, was "The Man", reading the header. I don't like her love story. But this does not prevent me to her personal appreciation.
These days, since the "original sin Lenovo question" feature since it was launched, has continued to receive my friends advice me to pay attention to safety. .
In November 2004, Iris Chang has spoken at the online experience, she caused great shock. The same age, some similar temperament, the same disease. For several days, as soon as you close your eyes, I saw her. She was a rude awakening for me, life is precious, I have no reason not to be limited as far as possible into the most valuable thing. Gift of the mission, I need to perform. There should not be wasting my valuable energy, and character mean Rotten Scoundrels COROZO. . I have to concentrate on their most effective force, one should put a practice plan, mission. .
Fortunately, the "original sin" thematic question Association has finally launched, in the face of friends advice, is that although I love Iris Chang has spoken, but I would choose her way. In contrast, more appreciation Fallaci tenacity, tenacious vitality! even 10 years ago was diagnosed with cancer, she still overcame the fate of the pharynx and larynx! I want to like her. The majority of patients with depression, and eventually be able to overcome their trouble. Remember that Moby's author Melville, a very young age he was diagnosed with depression. On this disease, the best treatment is to fulfil your mission. Melville write Moby is a toxin, a self-therapy, self rescue. . .
I want to declare that: If on a certain day I disaster is not my own choice. To the maximum extent possible, with the topic, and the Court.
Additional evidence has been sent to the SAN http://yuanruhui. . Blog. . Ccidnet. . Com blog http://mryuanruhui. . Blog. . Ccidnet. . Com to download please. .
Categories: Financial. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Escape audit storm, IBM Blue Jusan useful to do this? Posted by Qing Jiang Yue. .
2004 year, China's economic life swept a monstrous absurdity: audit on the divine, in Erie, Skyworth and famous companies such as jianlibao, suspicion of irregularities in the functioning of the capital, a suspected informants of retaliation in violation of the law and were arrested at the same time, there is a similar problem is suspected, Lenovo "Godfather" of figures, LIU Chuanzhi, planning, promotion of Lenovo IBM PC business mergers and acquisitions, once again become shiny media heroes.
December 2004, when the Chinese central figure in the audit storm, the state auditor general Li Jinhua, a national television station CCTV annual economic figures. Meanwhile, another should be subject to independent audit, have been repeatedly reported, but every time safe checkpoints; their behavior can retaliate against whistle-blowers get higher authorities and the public to support a large number of media, the public sought after; leading figure of China's economy Liu , also on national television to another channel, to accept its prime-time "information access" of public praise. .
At this point, because in the minds of the "technical", known as Lenovo brings the first pot of gold, academician of the NI Guangnan, still, because of its report to the parent organization's behavior felt. . .
With the NI Guangnan, feats of Lenovo founder Li Qin LIU Chuanzhi, personal, there are some key employees, and subsequently offered ranging Lenovo stock. Although they have been published equity shares and cash in the camera, and even millions, tens of million Yuan RMB entrepreneurial income, including myself, and our Association Ltd Lu Tan equal personal remuneration received from Lenovo, like watermelons, Sesame is to simply not!.
. .
One of the foreign Lu Tan Ping has a public publications coming out, sitting in his personal possession of several tens of millions of dollars worth of luxury yacht, the Lenovo employees claimed that he realized from Lenovo, the cash proceeds of up to 36 million, and that 40 billion dollars.
Not not allow foreign access to proper and appropriate rights, the problem is the "curve" leading to such a huge amount of foreign equity and cash income, and allow it to cause huge loss of our association for several years "to mobilize the enthusiasm of foreign investors (see the Chinese Academy of Sciences open files)" This is consistent with business rules? Such "rules" too far! . .
The NI Guangnan, from 1994 to the higher authorities to report human capital operation may be a serious problem, NI and critic in Lenovo stock options (i.e. internal venture at Lenovo) are the same.
Surprisingly, Liu and Lenovo Group this public act against informers, the long term actually be higher authorities acquiesced, or even open support, public defense; a large number of blatant disregard for even the Chinese media openly sought after! Recently, in a number of "owned Economy" case because of the loss of state assets caused by the universal condemnation of the case, Lenovo's "owned Economy" is still no one dared to question. .
LIU Chuanzhi has not only about Lenovo's "Godfather", also called Chinese enterprises listed on the Hong Kong stock exchange, playing with the "State" and "Godfather"!.
Please read the details of Renmin http://blog. . People. . Com. .cn / blog / u / mryuanruhui power blog http://blog. . People. . Com. .cn / blog / u / yuanruhui. .
February 1998, Compaq acquired Digtal; 2002 年 5 months, HP acquired Compaq; no never lead to an excited.。.
As early as three years ago, on Nov. 1, 2001, Kunming, IBM annual user conference in China, I personally question Zhouwei Kun: "IBM PC business when preparing to throw himself out?" At the time, IBM had just their annual loss sell storage business successful. As chairman of IBM Greater China, and then that, Zhou Weikun sugar stall plug.。 IBM's spirit of Lei feng, make it worse off in 1994, buried in the "belly" PC, after coming to power, guoshina spell romance shouting "PC era is over!".
China's growth lagged slightly faster than North America, in 2001, IBM Greater China chairman Zhou Weikun finally shouted he had been trying to say a word: PC is being expelled from the center of China's IT! I wrote in this turning point, "who subvert the IT structure," was published in "Southern Weekend" Xu Zhong editor. .
Spent 3 years, IBM has finally persuaded him to a legend, a nice price, hold yourself this promise big wart (China's largest PC manufacturer Lenovo Group 8 in Beijing company with IBM, Lenovo to total 17.5 billion US dollars to purchase IBM Global Desktop, notebook and its research and development, purchasing and the burden of its debt, IBM will have 18.5 percent of shares) ironic is that when the IBM PC was Lenovo announced merger news, Wall Street, stocks rise; IBM, Lenovo stock tumbled. . Its negative associations, is detrimental to the Chinese people! British "Financial Times" and even said that if the U.S. government rejected the case, is equal to rescue association. .
China's private enterprises the other side of the banner of TCL Corporation, Thomson in France (Thomson) and joint ventures accounted for a majority share. Thomson television and DVD business losing the business into a joint venture, get rid of their baggage. TCL then Alcatel (Alcatel) losses of mobile business conduct similar acquisitions. These business irony is that, due to the Chinese domestic market was rife with foreign operators, the Chinese manufacturers are forced to develop export markets. In fact, China is part of the market at present seems closer to mature, GLUT, let the Chinese company "forced" to overseas acquisitions. . .
Digtal-Compaq from 1998; 2002-HP Compaq; 2004 TCL-Alcatel-Lucent; regardless of the PC industry, or PC industries; China's domestic and global markets, so close in time and space, so vivid, so real with the warning, ignore the Lenovo why? to must be willing to stopping withdrawal? only explanation is that the human-led Lenovo's generosity, Yoo's association with the usual gamble personality. For example, in 1992 the "gift" to the curves of several huge foreign personal interests ….
Each individual, due to some reasonable or unreasonable reasons, or in specific historical conditions, are likely to make mistakes. Here, I am afraid that only Jesus can be an exception. Once people have done something wrong, mostly a psychological shadow. Especially when such an error could lead to jail, people always find ways to cover up, even at the cost got a scapegoat, so once they are wrong, and often same mistake again. In the absence of objective monitoring, there is no binding case law, which was originally a basic law of human nature. .
If we say that from 1992 to 1994, the critic is in serious errors in the operation of the capital, is a very special historical background, at the so-called "State-owned" enterprises, serious malformations, property rights mechanism on Enterprise founder, entrepreneurs lack of interest. Then afterward, LIU Chuanzhi again and again to the whistleblower retaliation; more powerful money forces, criticism of the media, journalists, long-term oppression; the use of money interference suppression of criticism of public opinion, is kerenshubukeren!, a social justice and civilization. . .
Personally, I abandon questioned: IBM and Lenovo this transaction, the legality of all legal documents. I produce sufficient legal basis for the description of the 1992 Hong Kong suspected associating equity structure, will affect in December 2004, IBM and Lenovo, the legitimacy of transactions. Currently, I think I did a sufficient legal basis.
These days, with some international friends to communicate, they told me that a company public funds to foreign individuals "curve giving" huge loans 5.52 million dollars, so that it leaped from a minority shareholder in the listed companies accounted for 34.214 % equity shareholder; and creditors, as the largest shareholder, but only after listing of only 38.785% of the shares. 5 years later, when foreign investors before the stock soared, throwing stock cash, debt and the remaining proceeds from nearly 10 billion Hong Kong dollars note owned by him.。 What's more, according to Chinese law, such a huge Exchange "borrowing", you must also have passed the State administration of foreign exchange, and other departments of the approval by the Association to date is not due to legitimate files.
IBM and Lenovo's trading, short-term benefit of the IBM, of course, Wall Street's performance and it can encourage, but to the future, whether it constitutes IBM brand and reputation? Advise the Big Blue, not the kind of country where the alleged violation of the law, for breaching the principle of commercial morality and business integrity, business practices as ugly blue umbrella. Currently, the U.S. government is hesitant on buying it. I want to say that such transactions may not be beneficial to the American people! Detrimental to the Chinese people! First of all, from the industrial level, such a merger has Lenovo, will also serve as the second largest shareholder of the IBM PC placed in danger! . .
Secondly, such a pattern, it embodies the Yoo's legend of genius and spirit of the gallbladder, however, all of this, only to relevant law enforcement authorities may carry out independent investigation increased difficulty!.
Please read the details of Xinhua http://group. . Home. . News. .cn / ruanruhui blog http://dryuanruhui. . Home. . News. .cn / blog. .
Ming Pao Lenovo (0992.HK-News - Company Information) Ming Pao Daily News reporters Luo Yao and Jiang Baodao. .
Lenovo announced yesterday as a first step towards the international market, the price at a cost of $ 17.5 (including debt, cash and shares) is equivalent to 136.5 billion, to IBM's acquisition of the worldwide personal computer (PC), this is China's biggest overseas acquisitions. However, the business year loss 2.58 billion (equivalent to 20.1 billion) the net asset value is negative 6.8 billion (equivalent to 53 billion) for Lenovo and new company headquarters moved to New York. This historic acquisition including Lenovo can use IBM 200 trade for a period of 5 years. The Association also provides an opportunity to go out of the international.
13.7 billion to buy the Lenovo IBM personal computer business (blue negative equity 5.3 billion) loss last year, 2.0 billion of the business, Lenovo's shares slid 3.7%. .
For Lenovo IBM Business, the public has the right attitude. Public stocks accounted for 43% of the original legend, this time buying and selling stocks, shrunk to 35 per cent; Lenovo holdings representing 57 per cent, shrunk to 46 per cent of Lenovo holdings willingly give IBM stock, the public may not be willing to. Who will be selling Lenovo stock. More importantly, to the IBM 6.5 billion cash, means that within the next five years, Lenovo is difficult to give shareholders dividends. Blue chip investors will also be used to sell them.
Gartner principal analyst of hardware Chung Ying Qian pointed out that transaction on favorable IBM, IBM While the sale of hardware business, but the transaction agreement has allowed IBM to maintain relations under the new Lenovo's customers, such as the new Lenovo computers sold to IBM brand, IBM has a priority the right to provide information services to the customers, means that although the boot IBM PC manufacturing business, but still emotionally attached to service opportunities derived therefrom. .
UBS-China Joint Research Department in charge of the piece of bridge that while Lenovo acquired IBM computer business credit is very cheap, but with the price to $ 17.5 billion acquisition of a sunset industry products, it is not a value, because the computer business in high-growth period has expired, and the competitive situation has been fixed.
"Economic Link Newsletter" "Macquarie issued a report that Lenovo (0992) acquisition of IBM personal computer business, is now ranked among the world's third largest computer companies. I believe IBM personal computer sold to the company, but Lenovo will bring more key negative impact ratings for Lenovo sell. " .
The fine points of Macquarie Securities Dealers: Lenovo's new acquisition projects with a number of negative factors, it is recommended that you sell.
Macquarie believes that is the second acquisition, Lenovo will have to face the loss of high-risk implementation and staff, the management has to deal with instability in business strategy, such as net debt increased pressure on earnings per share and return on equity to be diluted. .
Macquarie noted that IBM will be in loss of computer business sold in exchange for 17.5 billion, in other words, the relative disadvantage of Lenovo, Lenovo will continue to face competition in the market. Although IBM Enterprise computer business in the United States leading, but merged Lenovo business will have a negative impact, because the US market businesses do not understand the Lenovo brand.
At present most of the IBM computer was produced in the mainland, Macquarie believe that further cost reduction is limited. As for the association to enter the U.S. market is difficult, because there is no known association to the local and said that IBM acquired research and promote an increase in wastage. .
For more information please read CCTV http://blog. .cctv. .com/? action-mygroup-gid-2443 blog http://blog. .cctv. .com/html/07/925307. .html.
8 December 2004, Lenovo Group Chairman of the Board of Directors announced to the world the critic of such a significant message "I have the honour to speak on behalf of the Board of Directors to Lenovo announced Lenovo Group acquired in $ 12.5 IBM Personal Computing Division. "May be felt it should be stressed that he has appended a pay 12.5 billion to $ 6.5 billion in cash and $ 600 million in Lenovo stock constitutes".
Exclaimed a voice in the scene, the reporters quickly filled out in advance the number to be a good press release and send to the web as quickly, so "12.5 billion" a number of the Internet began to spread rapidly. .
Conference is finished, Lenovo will have been crimping press releases to journalists, but when reporters are considering how to interview LIU Chuanzhi get more detail, it has very few people read the official press release, but it is in this copy of the materials of the first page that: "transactions totalling approximately $ 17.5", the fourth page clearly: "in addition, there will be 5 billion of net liabilities to Lenovo. ”。.
Which media has been very difficult to determine first aware of this "5 billion" in "joke", but the reporter was first seen in the reports to correct the Reuters news agency that although the news that "while Lenovo also IBM PC sector will assume 500 million U.S. dollars of assets and liabilities, "but the agency's reports or the continuation of the" 12.5 billion "mistakes acquisition of IBM PC sector. .
However, the second day, China Taiwan media coverage most 17.5 million figure, but this has been difficult to change most people's impression. As at 9 December, Google News, you can still see, using "$ 12.5" digital media have 3850. By adopting the "17.5 billion" figures only 272 articles, and more for overseas and Taiwan media.
In fact, on December 8 the association conference, in addition to Liu announced the acquisition of 1.25 billion figure, the entire one and a half-hour press conference, no one ever mentioned 500 million U.S. dollars of this debt. .
For more information please read and InfoNet http://mryuanruhui. .blog. .hexun. .com/blog http://yuanruhui. .blog. .hexun. .com/.
Supplementary proofs has been routed to the global online community blog http://cblog. .com .cn .chinadaily../port/yuanruhui please download themselves.
M & A tax planning. .
Source: Chinese tax, La Cui Wing Chun.
1, Dec. 8, 2004, Lenovo Group Ltd. announced the acquisition of high-profile IBM Personal Computing Division, IBM acquired the business of the global desktop and notebook computers of all business. So far, Lenovo will be the annual income of more than 10 billion U.S. dollars of the world's third largest PC vendor. The "She Tunxiang" The M & much concern to the industry. .
This is a great era of mergers and acquisitions, global merger surges layoff. Mergers and corporate mergers and acquisitions. Mergers generally refers to an enterprise's total assets and liabilities to another company, merger party does not need to be liquidated and ceased to exist, the merger parties themselves continue to operate; business acquisitions is an enterprise through buying stocks or shares to obtain control of another company or another enterprise management, continues to exist and not disappear. . .
Tax experts said that the mergers and acquisitions inevitably involve tax issues. As the macroeconomic impact of micro-enterprises in any one of the important economic factors, the tax is the enterprise decision-making in mergers and acquisitions and implementing the important planning objects sometimes get tax breaks as an implementation of the merger one of the direct motivation. Reasonable tax planning not only reduces the cost of corporate mergers and acquisitions, and can even affect the corporate merger of destiny.
Second, M & A revenue behind the subject. .
In order to understand the rationale behind the merger, the journalist specialized tax topics interviewed tax experts. Experts said that, as a result of mergers and acquisitions involving asset trading, equity trading, and other aspects of the problem, it also leads to the appropriate tax problems, mainly reflected in the corporate tax, corporate tax, etc..
(A) business tax, the Ministry of Finance, State Administration of Taxation "on the stock transfer business tax issues related to notice" (Cai Shui [2002] No. 191), State Administration of Taxation "on the transfer of corporate property rights are the business tax issue approved" (National Tax Letter [2002] No. 165) and the State Administration of Taxation "on the transfer of all property companies do not charge VAT Issues" (Guo Shui Han [2002] No. 420) stipulates that: the transfer of enterprise ownership is the overall transfer of corporate assets, debts, debt and labor force behavior, the transfer price is not only determined by the value of the assets.。 Do not fall within the scope of VAT, as a result, the transfer of property tax should neither, nor shall pay value added tax. Equity transfer in intangible assets and invest in shares, participation to receive investor profit distribution, risk behavior, not taxes, nor to the stock transfer business taxes.
Tax experts, for example, A and B are the same scope of business the two companies, Company B because of poor management and successive losses, shareholders decided to liquidate and terminate the operation, a company wishing to target as mergers and acquisitions. If a company were to use cash to buy B's entire assets of Company B would be required to transactions involving real estate sales to pay business tax and related surcharges; if a company B company of merger, Company B's assets and liabilities of all transferred to a company account, the A company is required to pay cash can get B's operating assets, and Company B need not pay the business tax and an additional, tax saving effect can be achieved. .
(Ii) the corporate income tax, State administration of taxation on corporate merger business income tax (IRS issued [2000] No. 119), business combinations, typically, the merged company should be considered as fair value transfer, disposal of all assets, the transfer of assets, according to the payment of income tax. . But not the exchange of shares of the merged company's shareholder acquired the entire non-equity payment shall be deemed to Chi You's existing shares of the transfer of income, property Zhuanrang An with the provisions of the income or loss recognized, Yifajiaona income tax. .
For example, A, B the two company's share capital is 20 million Yuan. Now A company desires to b companies, mergers and acquisitions, after mutual consultation, to be used in the following way: A company issuing new shares in exchange for the company b in the hands of the shareholder holds a part of the old company b unit; the rest of the B company stock by the company to directly pay for cash purchases. In this merger, corporate planning, should be undertaken to determine the payment of cash and stock for old shares, in order to maximize the tax saving. . If A company can control the amount of cash to pay less than 4 million yuan, to the B company and its shareholders, will be entitled to exemption from income tax treatment. If the non-equity payment options at more than 20% of par pricing, then the company should be transferred from B to pay income tax, A company may be identified by assessing the value of tax assets to determine the acceptable cost, revaluation of assets in the depreciation period amortization period, will result in a decline in corporate profits, thereby reducing the tax burden of enterprises. Therefore, tax planning on the specific manner in which the merger, the merger of two methods to compare the tax changes brought about further identified. .
Jointly issued page〈 enterprise restructuring in several tax business issues of the provisional regulation > (IRS, [1998], no. 97) stipulates that companies to absorb the merger or reorganization, merger means being absorbed or merging of enterprises, and the remaining enterprise complies with the conditions of the taxpayer, should be conducted separately for the loss. Mergers, mergers before make up the losses, with its operating income in the future. . In addition, the State Administration of Taxation, "Acquisition of Domestic Enterprises by Foreign Investors stake in the Tax Issues" (Guo Shui Fa [2003] 60) on the foreign-invested enterprises restructured company Ye Wu also makes specific provision for the establishment of any changes to foreign investment enterprises the proportion of those shares exceeds 25%, according to foreign-invested enterprises can be applicable tax laws and regulations to pay the tax. Changes occurred before the creation of enterprises has not yet been offset operating losses, losses in tax laws to make up for the remaining years of life, by the change of foreign-invested enterprises set up to make up for renewal. .
Thus, tax experts said that the enterprise if they have a higher profit level, to change its overall tax levels, you can choose from a large net operating losses as merges objectives. Through profit and loss of balance, the realization enterprise income tax relief. Therefore, the target company has yet to make up for losses and not yet enjoy the tax benefits is to decide whether annexing a significant factor.
For example, there are two objectives of the net assets of the same company A, B, assuming other things being equal, a company allowed to make up for losses in future years 20 million yuan, while Company B is not able to make up for losses, then the loss of enterprises will be M & A preferred target, because the acquisition of loss-making enterprises of 20 million yuan loss can be offset by the year after the acquisition of corporate taxable income, thereby saving income tax 6.6 million yuan (2000 × 33%). Of course, when the loss-making enterprises in the merger, but also pay attention to the possible acquisition after the negative impact of declining performance and cash flow caused by poor "overall anemia" to prevent the acquisition of enterprises have been dragged into the corner. .
In addition, in the special economic zone, economic technology zone registration business to give a series of preferential policies on income tax. Mergers and acquisitions of companies can choose to enjoy these preferential measures target enterprises as acquisitions, changes in the mergers and acquisitions of the place of registration of the enterprise as a whole, so that the mergers and acquisitions tax subject to income tax concessions.
Third, detailed planning for acquisitions of contribution. .
Tax experts told reporters that the enterprises in the merger process, feasibility analysis is essential. It includes not only on the enterprise's own economic sustainability analysis, but also including corporate tax burden analysis. Corporate mergers and acquisitions is a complex process that involves many aspects, including selection and acquisitions target enterprise, select, and purchase QL, select the desired financial merger and financing methods, select merger accounting methods, different links you can carry out different tax planning.
"With this acquisition, Lenovo paid 1.25 billion U.S. dollars, from 6.5 million in cash and 600 million U.S. dollars in Lenovo stock form, that is an option for acquisition of contribution." Refer to the latest Lenovo acquisition of IBM incident, the tax experts to focus on examples of journalists of contribution links with M & tax issues related to. .
Merger press SA can be divided into cash purchase of asset-mergers and acquisitions, cash purchase of mergers and acquisitions, stock-to-stock exchange for the assets in mergers and acquisitions, stock-for-stock-mergers and acquisitions, etc. From a tax perspective, corporate mergers and acquisitions which form of investment is learned, select a different form of investment, it will bring different tax burden.
Shows that enterprises in mergers and acquisitions tax planning, it should be the starting point according to the company itself, to comply with the principle of cost-effectiveness, through analysis and comparison, to find the best buy for ways to reduce the tax costs, both of M "win-win." .
For more information please read the bright nets http://blog. .gmw. .cn/u/42473/index.html, mature online http://home. .cyol. .com/? uid-10006687 blog http://yuanruhui. .blog. .com .cn .techweb../..
Source: China business 01/27/2007.
In 2007, in addition to the national strategy led by the M & A events, enterprises curb frequent tactical acquisitions also become competitive needs and means, but for the success of M & A is not easy, in addition to the barriers caused by cultural differences of , the huge cost of acquisition down the M & A business is often the culprit. .
I. merger costs, many people will naturally think of enterprise merger and acquisition targets the costs incurred by enterprises, in fact, it often is just part of the acquisition cost, sometimes or a very small part of it. A large number of mergers and acquisitions costs hidden in mergers and acquisitions risk exposure and business process integration. . .
Second, no one will forget, 8 December 2004, Lenovo to no-show 17.5 billion acquisition of IBM's global PC business, officially opened the global layout in suggests. However, if you carefully study the merger on the unprecedented large acquisitions, a total of $ 17.5 million purchase price, the Lenovo Group why "6.5 billion cash + $ 600 million to Lenovo stock" method of payment the payment way behind what strategy?.
Some may say that if all the cash acquisition, Lenovo paid 1.25 billion U.S. dollars in temporary cash too, and if all convertible, in accordance with the 600 million U.S. dollars in Lenovo shares equivalent to about 18.5% stake in the calculation, all for After stocks, IBM will hold 38.5% of Lenovo's shares, the shares owned by Legend Holdings will be reduced by 25%, this way, not Lenovo acquired IBM's PC, but IBM Lenovo eaten. .
So, why not suggest "5.5 billion cash + 7 $ Lenovo stock" or "4.5 billion cash + $ 800 million in Lenovo stock?".
TCL deal was surgeon Jiayuan Law Firm in Beijing Ning Shi Ben lawyer explained to reporters: "This is a very important issue which is - taxes, in fact, a merger in any case, in the choice of M & M Enterprises objectives and funding methods are needed before the tax planning, designing optimal cost structure. ". .
Third, based on mergers and acquisitions tax planning goals.
"If a high level of profit corporate mergers and acquisitions, to change the overall tax situation, choose one with a large net operating loss of business as a merger target. Through the profit and loss cancel each other out, the enterprise income tax reduction." Ning Shi Ben Counsel Tax Planning M & A's about the prevailing rules. Cf this rule, look at Lenovo's acquisition of IBM PC when the profitability of enterprises of both sides:. .
At the end of 2004 and the first four months of purchase, that is, 11 August 2004, Lenovo announced in Hong Kong in 2004/2005 in the first quarter of fiscal year (1 April 2004 to 30 June 2004) performance, overall turnover 58.78 billion, compared to the same period last year increased by 10%, net profit increased significantly 21.1.
Meanwhile, the association declared: From 1999 to 2003, its turnover increased from 11.0 billion 23.1 billion Hong Kong dollars, the profit increase from 4.3 billion to 11 billion, has doubled within five years. .
In January 2005, IBM to SEC filing documents show that its last month (December 2004) sold to Lenovo's personal computer business continuing losses amounted to three and a half years ago, the cumulative loss of nearly $ 1 billion.
"One is the annual profit of more than one billion Hong Kong dollars, to suffer a huge tax burden of the young enterprise, one is the amount of accumulated losses of nearly 10 billion U.S. dollars, a loss may still continue to rise but losses remain to be deferred and tax breaks to the world's top brands In such a time, such a situation, the two come together, I fear, simply a business integration, largely with tax planning in color. ". .
Shi Ben Ning further explained to reporters, "in the target based on mergers and acquisitions, tax planning if you merge in a loss of tax and acquired businesses can also defer tax losses a deferred. Therefore, the target company has yet to make up the losses and tax credit not yet enjoy the finish should be decided whether annexing. ”。.
That is, if the net assets of the same two target companies, other things being equal, a company has allowed to make up for losses in future years, and another company Mei You can make up for losses, then loss-making enterprises should be the preferred target acquisition company. .
"I remember IBM filed sec file disclosure, has aroused discontent of Lenovo, Lenovo stock prices have been in decline, in fact, such a merger on Lenovo is very cost-effective. If there is anything to worry about, I'm afraid it will just be wary of mergers and acquisitions led to the negative impact of the decline in performance and capital flow smoothly overall anemia caused by the '. ', and to prevent the acquisition the company was dragged into the management difficulties.
However, it now appears that Lenovo have the ability to become Olympic TOP Partner, and its follow-up of a series of measures, suggesting that its cash flow does not exist a problem, but IBM's huge loss is largely reduced the association of tax negative, as the case of mergers and acquisitions tax planning model. .
4. based on the merger of tax planning.
Classified according to the way investment, mergers and acquisitions can be divided into two kinds of asset acquisitions and equity purchase, and then down the subdivision will have a "cash to buy assets of type M", "M & A cash purchase of the stock-type", "stock exchange for assets of type M" "stock in exchange for stock-type M" and other four forms. .
"It should be said that the merger of taxes is very heavy, sometimes to the acquisition cost of 10% or more, different ways of mergers and acquisitions, as well as different merger structure, it will have a difference in their tax burden. When merging companies must learn to adjust the legal framework for reasonable tax avoidance. "Century has extensive experience in investment banking securities of long before told reporters.
For example, in cash to buy assets in the process, if the target company's asset structure, with large immovable (building and structures, etc.), then the property deed tax will directly lead to large (as in our domestic business tax and attach), the need to consider the conversion of equity. .
Similarly, in the tender, if you are buying stock in cash, would make the merged companies formed a large amount of capital gains and capital gains tax or income tax issues, sometimes the acquired enterprise also put these tax transferred to the acquiring company, merger, enterprises need to consider the stock exchange for the assets "to" or "in stock-for-stock".
"Because the two types of equity investment after the manner of the target company shareholders in the merger process, do not immediately confirm the result of the stock exchange and was formed by mergers and acquisitions business capital gains, even after the sale of these shares the need for capital gains subject to income tax, has played a delayed effect of taxes. ". .
However, as noted earlier, Lenovo Unico referred solely to the stock exchange of "assets" or "in stock-for-stock" are likely to form the target enterprise merger and takeover of the enterprise, so that enterprises in the form of investment is often meet the needs of diverse interests balance, calculate the cost of the lowest tax burden, most beneficial to the enterprise. Final adoption of the methods are often complex, just like Lenovo is part of a cash purchase and stock acquisition.
"So if IBM is not U.S. companies, but Chinese companies, IBM PC market and Lenovo Group, rather, then 600 million U.S. dollars in Lenovo shares equivalent to 18.5% of Lenovo shares, 6.5 million in cash , exactly equal to 20% of Lenovo's market value. ". .
In accordance with the merger of taxation on business-related enterprise income tax (IRS issued [2000] 119): merging enterprises paid to be merged enterprise or its shareholders of the price, in addition to the combined equity other than cash, securities and other assets (hereinafter referred to as "non-equity payments) is not higher than face value paid equity (or equity investee) 20 per cent of the income tax.
Well, IBM will not be subject to income tax. Of course, IBM is not Chinese companies, but U.S. companies, IBM's value is not the same association. However, we believe, in the United States, must also have a tax system similar to China's mergers and acquisitions, tax pursuant to this merger, 6.5 million in cash happens to be an avoidance of the node. Of course, the story of M & A tax avoidance can continue to dig deep down. .
IV. other mergers and avoidance strategies.
1, choose the same industry produce similar goods business as a target company that horizontal mergers and acquisitions, this merger could eliminate competition and expand market share and scale effects. From a tax perspective, because after the merger the same business sectors, horizontal mergers and acquisitions M & A business generally does not change the tax tax and tax aspects. .
2. Select the suppliers or downstream firms merge that vertical merger, you can increase or decrease the tax aspects of turnover tax.
3, enterprise liability arising due to interest charges can be offset by current profits, thereby reducing the income tax expense. Therefore, the acquisition of enterprises in the financing of mergers and acquisitions planning the necessary funds can leverage their combined strength of enterprise, by way of debt financing to raise acquisition funds needed to raise the overall debt levels to get the tax effect of a larger block of interest. .
Corporate mergers and acquisitions is a capital reorganization Act, it can change business organizational forms and internal equity relationships, and tax planning inextricably linked. Through mergers and acquisitions, to enable affiliated enterprises or Enterprise circulation, evade the turnover tax, which is a merger of advantage.
Of course, tax avoidance must be avoided cleverly, or left people suspected of tax evasion by acquisition, the enterprise's future development will be adversely affected. .
Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.
Category: features.
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
NI Guangnan Fellows: from stocks, reported to the "scapegoat" Posted by purple.
Since January 3, 2000 "painful fission" has been delivered, Lenovo continued to decrypt Liu and Ni Guangnan so-called "Ni Liu dispute" source. However, in view of Lenovo's strong control over the Chinese media, 5 years, we see the all the media, "Liu said," as the Ping Heng, so that Chu Yu also has a weakness for Dang Shiren the Di Fang Yue Hua, Geng Wei Ge Ge public Quanmianlejie story-telling by the parties, today, "Ni said," but in the end the article will also be the most comprehensive and most representative, the latest "Liu said" the link as an appendix. In order to provide readers with comprehensive information as possible, given the same parties, a chance to speak. .
1, NI Guangnan and Zhang zu details become directors.
Ni Guangnan first contact listed is the October 8, 1993, Ms Mary Ma called him as a public company executive director of the English curriculum vitae, read the prospectus for his third edition, this is the first contact listed Ni Guangnan material, it is important *** No. name of figures, do not see any excuse. Mary Ma, who was president of Chinese Academy of Sciences, now the secretary of CAST President Zhou Guangzhao, to take a leading role association and has been so far is Lenovo Group Managing Director in charge of finance. .
Prospectus to P40 P41 is written, the Executive Director: LIU Chuanzhi, Lu Tan ping (Hong Kong), Ng Lai Yi (Hong Kong), Li Qin, NI Guangnan, Zhang; Zhang Li-base (Hong Kong), a total of 7 people. In the file, the other 6 persons including the curriculum vitae of Mr. Sze has written, only NI Guangnan resume still empty, waiting to be written, NI Guangnan 7 person Board of Directors is an established fact. 7 4 people in Beijing, as the legend Liu, Li Qin, NI Guangnan, Mr. Sze; Hong Kong 3, Lu Tan ping, Ng Lai Yi, Zhang Li Foundation. . Clearly, the new executive director of Li Qin Liu in Beijing to join in the Hong Kong businessmen to join Zhang Liji area. Originally Beijing Lenovo Li Qin is simply, and add to the mix there is no reason, but since one person having the final say Liu, Ni Guangnan has nothing to say. .
Do not expect a sudden November, critic, said that the Board of Directors of listed companies in NI Guangnan only five people, Beijing and Hong Kong's Executive Director is to pull down a man and ask him or NI Guangnan Zhang Sze? NI Guangnan think it strange that the Board of Directors list is not already set, how to? although NI Guangnan listed do not understand, but the company's Board of directors cannot have 7 claims obviously only kids, NI Guangnan does not understand, LIU Chuanzhi, 7 person Board of Directors, why not? Ma said that the party does not agree. NI Guangnan said, this is no reason, to convince the people of Hong Kong. . Liu also could not say what reason, say in the end you are under no less than? Ni Guangnan insisted that Zhang Zuxiang and he can not, should maintain the original seven member board, the results broke up. .
Subsequently, the Board of Directors becomes 5. Since January 2000, media reports said "Willow" has been publicly accused are due to enter into NI Guangnan non-Board of Directors, led by Eric Zhang zu. May, in fact, NI Guangnan, Zhang zu detail is original Hong Kong legend 5 person Board of Directors. 5 in the "7, and then change changed 5" figure, NI Guangnan insisted that he and Mr. Cho details should not be, since "7" keep "7", is hard to picture critic William win, and then on the sheet that is NI Guangnan. NI believes that this description, LIU Chuanzhi deliberately out contradictions between NI Guangnan and Zhang zu details from 1962, up to 30 years of friendly relations.
2, CCPIT equity shrink. .
Now Lenovo almost nobody knows China technology transfer company, but early in create our Lenovo is indispensable "wealth." China technology transfer company is the subsidiary company of China Council for promotion of the Association, LIU Chuanzhi on it, saying it has the financial strength, a great contribution. Technology transfer company is to create one of the Hong Kong Association of shareholders, the LU Tan equal four of them civilians, Beijing Lenovo (1988, created when the Hong Kong Association and called the company) size is not large, borrow money, rely on us to provide a billion loan, played the role of venture investor, Yoo's father, Mr. Willow Valley books is the technology transfer company Chairman.
Liu said that the loan will not only depend on our association to provide the CCPIT, is that a dozen multi-entry visa, without them, our association has to do it up. Like Liu, Zhang Zuxiang, such as Beijing Legend Ni Guangnan backbone, frequently travel between the mainland and Hong Kong, simply can not work without this visa, which visa is very difficult to get, this is indeed think it could be done in Hong Kong an important condition . .
Hong Kong Association initially, technology transfer company with financial experience a gay person in charge of corporate finance. Around 1992, Mr. Liu Valley book trade, withdrawn. LIU Chuanzhi believes that his father had merit, objectively true. Willow Valley book Mr. is a legend.
But that would have under under unfair. Liu also said that technology transfer company of the Hong Kong Mr. Huang Jinfu (Star Group CEO) of the shares. But because they do not attach importance to our shareholders, not much please Mr. Huang to open the board to participate in, a long time, they forget is the joint venture, and so on can be removed with a orders, if the joint venture, only the board can decide removed, the not the case. .
NI Guangnan later, perhaps this is also a critic of the Hong Kong Association must highlight the LU Tan equality grounds? Willow Valley book Mr. withdrawn, the technology transfer company sent to the person in charge of finance may resign also back to the unit, LIU Chuanzhi never called the technology transfer company visits, but Hong Kong Cheng, Director of finance, national do work in the financial power. Since then, the technology transfer companies in the Association in respect of any staff, LIU Chuanzhi also once with regard to the Council for promotion of frequently informed, on various occasions also no longer say technology transfer company contribution is very big, but changed to say that technology transfer is not a big company contributions.
Objectively speaking, when the prevailing property rights system of Chinese enterprises deformity, did not fair. Liu's this should be normal. But in those days, Ni Guangnan not understand. .
Prior to listing on the Hong Kong Association, the need for enlargement, since the preparatory work before the listing is a leading critic of the party are doing, no technology transfer companies involved (or simply do not know) that the Council for promotion of respect for enlargement taken neither capital nor withdraw unit (although their actual money than Beijing Association far more) after the listing, although technology transfer company and Lu Tan equality is the same as the actual investment, but only got 0.15 million, equal to Hong Lu Tan has been 2.08 million.
3, "Ni see" Lu Ping Tan. .
Lu Tan ping from the poor, in the UK, the University is a work-study program, in restaurants, while reading, Lu Tan ping will fry cooking, he was often proud. Lu Tan Ping in the Empire Hong Kong Polytechnic University, after graduating in business, and Ng Lai Yi, Zhang Li, opened a DAW, microprocessor-based agents, etc..
Lead away a dozen companies are small companies, Ni Guangnan 1987 computer to test their ability to spend the Legend Chinese-card, been guided far the company, it is only more than 100 square meters of office space. And the calculation of the company (formerly Legend) cooperation, the lead company in the calculation of the far side of the small house garage opened offices, only Zhang Liji one. .
And calculated by the company (associative), he also had no money, car is old. NI Guangnan heard, one critic to Hong Kong, Lu Tan ping to drive to add decided the car broke down, got. Lu Tan ping like car and yacht, General Manager of the Hong Kong Association, slowly, he was rich and Ng Lai Yi second person who is a good car, so the Mercedes-Benz, Ferrari, etc. brand car travel. However, yacht or too expensive, but also want to take it for fun,? Lu Tan ping through Hong Kong Association of money to buy a yacht.
Chinese Academy of Sciences in 1993, leading to Hong Kong, Lu Ping Tan leaders on the yacht reception, open to the Victoria Bay turn in a circle. Yacht out of a sea, two workers were employed, of tens of thousands of Hong Kong dollars. Subsequently, Ni Guangnan heard, did not think Lu Tan Ping is very smart, a reception after the leaders, went to Hong Kong, Lenovo claims, and not only do human, but also very stingy. His practice, Beijing, Lenovo is not satisfied with the staff in Hong Kong. Ni Guangnan fact that there is no fun yacht, yachts open up, deafening noise, high speed, hull severe earthquake shaking, very hard to accept, but very like Tan Ping Lu, probably because it is stimulating it! . .
And collaborate to make Lu Tan ping fame, 1992 Lu Tan ping for Hong Kong Award. Listed on the Hong Kong Association, Lu Tan ping more scenery. But in 1996 and 1997 losses caused him some temporary convergence until Beijing Lenovo consolidation, Lu Tan ping to resign from the duties of the Hong Kong Association will stock after he had become a veritable billionaire.
Tan Ping Lu went to the United States, transformed, made the investment company's boss. Although he was the general manager the past, with administrative power, but after all not the real boss, but also listen to Liu, the so-called one under, everyone above, it was not very comfortable. Tan Ping Lu now own boss, he's gorgeous in their Technology Group Co., Ltd. Chairman and Chief Executive have done, all things can finally by his one person. .
Also round him for years and love the ocean dream, it is said that he had bought a large yacht, this big yacht to five workers maintain that this scene is even the American people are very envious of. Others find Lu how Tan ping money earned, said Lu Tan ping, Yaguchi past work-study program in the United Kingdom, served in restaurants around, as a living memories, Lu Tan ping replied: my money is heirloom!.
Is the money Tan Ping Lu is inherited from our ancestors, or from Hong Kong, Lenovo earned about depends on the relevant departments of the investigation. Anyway, in the Ni Guangnan seems, then, Lui Tam Ping is very poor. Liu Gang is the number of one billion Hong Kong dollars he became a rich man. .
4. listing: Beijing Lenovo employees rush for the stock.
The end of 1993, as Hong Kong's Lenovo launch date approached, the outside world gradually began to rise news, the company employees are also more and more of the discussion. Everyone knows that the listing can benefit employees, especially in Beijing Lenovo founders struggled in recent years, I thought this finally heading for the! Have prepared to raise money to buy shares, and find out what benefits to employees? . .
Later, November 1993, the Association's Conference in Beijing, the company introduced a stock listing on the Hong Kong Association, said that helps employees to buy stock in Beijing and the management of stocks. For the company to trust that many employees are taking out their savings to buy Hong Kong Lenovo stock. In accordance with the listing price, $ 1.33 per share, but because of the so-called "oversubscribed", the last actual cost of $ 2.2 per share.
The so-called "over-subscription": that investors buy the stock than listed companies issued shares. At this point, investors can only buy a small part of the cost of the stock to rise. For example, a company issued 100 million shares listed, and "over-subscribed" is a hundred times that shareholders subscribed 100 million shares, the 100 million shares of the money in the bank to deposit a week or so, companies can get this week interest on deposits. On the other hand, if the investors to borrow money from banks subscription, they last only buy 100 million shares, but have to pay 10 billion shares, interest on loans a week. Therefore, the "over-subscribed," a multiple of the greater benefit of the larger listed companies, investors buy the stock the higher the cost.。.
To buy stocks, and some old Beijing Lenovo employees to take out savings of many years, brought to Hong Kong, called Hong Kong, Beijing, Lenovo employees to buy the Ni Guangnan to bring some money to my colleagues. In addition, the listing, the company can allocate a certain percentage of the IPO, also called "pink stocks" because the stock is pink, while common stock is white. "Pink shares" could upset the stock market to buy, and "over-subscribed" multiple unrelated. Legend Hong Kong is at that time, which is 1.33 yuan to buy a share. This is a benefit to employees, unfortunately a small number of general staff could be assigned to several thousand shares of the good. .
According to NI Guangnan memories, LIU Chuanzhi decided to use nanming Corporation (Beijing Association of wholly owned subsidiaries in Hong Kong) money specifically for the Beijing leadership buy several million shares of the original unit. In addition to these privileges, Liu said that leadership can also register to help relatives and friends to buy stocks. Because of the "oversubscribed" factors to the banks can only subscribe to a fraction of the purchase, if you register, you can buy guaranteed. So they told him the NI Guangnan a relative, Mr. WONG, Hong Kong. Mr. Huang is a high technology, particularly helpful, he used to help develop Lenovo-NI Guangnan hanka, also contributed to the Hong Kong Association of scientific and technological personnel master wiring technology. . .
Unfortunately, people will not benefit from Lenovo stock, because until the integration to Hong Kong, Beijing, Lenovo, Lenovo, Lenovo's stock has not risen, unless it is know to turn into Hong Kong, Beijing, Lenovo, Lenovo, Lenovo from Hong Kong's own ability to win, it's stock is rising up.
5, Hong Kong businesses into big shareholders, the early fracture Ni Liu. .
In 1994, after the Spring Festival, NI Guangnan came back to Hong Kong, Hong Kong, Lenovo, Lenovo has a week before the beginning of IV (14 February) was listed. Then after the Hong Kong Association of listed shares in proportion to the number of heart, NI Guangnan.
To Hong Kong, Lenovo, Lenovo, general manager of the Hong Kong when Hong Kong businessmen to see the beaming Tan Ping Lu Ni Guangnan, Ni Guangnan office in two conversations after a few pleasantries, Lu Tan Ping on triumphantly on the Ni Guangnan said: Ni total, and now we are starting with you, and sat. Hong Kong Stock Exchange had a rule, shares more than 30% is the majority shareholder, and now we are also a major shareholder. .
NI Guangnan listened very uncomfortable and immediately find PR got the listing prospectus, the prospectus very thick, and do not understand, NI Guangnan asked the PR company presentation materials, the materials on NI Guangnan see listed companies, Lenovo (Beijing Legend Group) 38.785% of Hong Kong (Hong Kong Partners) 34.214 China technology transfer company. This situation is not expected to NI Guangnan, but he did not understand why this is so!.
Then, he went to Shenzhen to see HU Jing-yu, HU Jing-yu was in Beijing Lenovo Chief Financial Officer, in Shenzhen, Shenzhen, Lenovo bought the former living in the "Chun Wah Garden," a set of modules, Zhang Zuxiang there too. Three conversations, of course, to talk about things in Hong Kong-listed Lenovo. Ni Guangnan tell them to become major shareholder Tan Ping Lu a, and Beijing, Lenovo is about up. Ni Guangnan less known than the other two. Saying, Ni Guangnan asked, and now we are living in the house who has? . .
Speaking of the "Garden" of the House, Zhenhua, Shenzhen Lenovo is 1500 Yuan to buy a total of 27 sets of units, due to the rise in house prices in the near future, the appreciation of the RMB 4000 million. Mr. Sze glad, and said this is Lenovo estate is one of the most successful.
Ni Guangnan asked that the house belongs to who? Zhang Zuxiang said, belongs to the association. Ni Guangnan said, you said that we made a few million, it is not only keep 1 / 3 (mean 38.75%) yet? We are speechless. These people have never heard the person in the relevant market knowledge, whether in Hong Kong after the Hong Kong business associations listed what it means to leap into a major shareholder, they did not quite understand, but only in respect that more than 4000 million property ownership changes, they has been felt, Lu Ping Tan a few businessmen who got a great deal! As for other interests that they were still not clear. Returned from Shenzhen, Ni Guangnan began to feel confused and angry. .
6, NI Guangnan Bank personal loan in Hong Kong.
Pre-market, Zhang Zuxiang and Ni Guangnan discuss, is not we use our own money to buy some, then buy some to help HU Jing-yu. Zhang Zuxiang said Hu said there is no money, I buy him lying in the future the stock up, and also let him make some money. Ni Guangnan in Hong Kong, the Hang Seng bank deposits of 5 million, there are more than a month before maturity, he went to the bank to withdraw money. Hang Seng Bank was especially good waiter service, it is for the sake of customers, see Ni Guangnan out in advance deposits said to him: Mr. Ni, your deposit is not only did not advance out of interest, but also undercuts the interest, the loss is big.。 You just have to take two months, your deposit maturity can also lost, do you remove the term deposits worth it ahead of time, do you think?.
A carefully considered, really is. Although the interest on personal loans by banks is high, approximately equivalent to about 20% per annum, but only by months, compared to the loss of deposits in advance to remove or less. Ni Guangnan then accepted the waiter on the program, personal loans and Zhang Zuxiang borrowed to buy the stock with. This also enhanced the number of Ni Guangnan knowledge, first, that the individual banks in Hong Kong by the same amount of property, money is needed for mortgage, mortgage can be a deposit, can be property, otherwise by not a cent to; second, through personal loans high interest, and deposit interest rates can not be compared, and letters of credit overdraft interest about almost.。.
7, Liu never easy lending. .
In fact, Lu Tan equality through Lenovo's 552 million, money is no property mortgage, no guarantee, that it is difficult to imagine in the business world. Not to mention the borrowed money was secured, the critic is never easy. Solar Energy Research Institute, Beijing, Beijing is an excellent unit, in order to develop high-technology products, apply for a $ 100 million of the loan, but it's small, need for other assets. . .
This description of the smart, LIU Chuanzhi guarantees very carefully, it is difficult to interpret the same critic of this man, how can so easily lend Lu Hong Tan 552 million loan equal? but also don't want any warranties? NI Guangnan, Lu Tan all the time but equality of thousands of dollars, if suffering from the Hong Kong Association, Lu Tan equal vote with their feet, who will return the loans?.
Lenovo created early in 1986 called the Hong Kong Legend to Lenovo, a Mr Choi Han-card supply 200 sets of type components, the gentleman with the number of defective charge, after the arrival of a look, connectors are rusty, how do? At that time letters of credit have already left, generally can not pay, Liu asked a few experts, that is the text of a text error if the contract can not pay, then find a fault in the contract, to withhold the payment. .
Mr. CAI is small, the purchase price was incredibly, after anxious to get sympathy, who called his mother to intercede in Beijing to find Lenovo. LIU Chuanzhi avoid disappear, only speak a dialect of Shandong lesbians in Office reception, with a second person, one to the North, "negotiations" for a long time, nothing. Nothing Mr.CAI mother pessimistic went, and finally had to compensate Mr. Tsai suggests. Through this, we feel very clever critic, can the interests of the Association. After 8 years, NI Guangnan memories that Hong Liu, contrast he now on Lu Tan ping, find it difficult to understand his 180-degree change.
8, Ni Guangnan their "stock" results. .
NI Guangnan and Mr. Wu jingyu; so get $ 2.2 1 unit. Unfortunately, Mr. Sze to Wu jingyu and earn some money for good vanished, and associate the day after the listing of the Hong Kong stock although 2.2 element, but then come back. To 1995, Mr. Sze on NI Guangnan, Lenovo stock these days, I think we have sold the stock, but the kitchen sink. At Paine field of even I bought, and he said. Mr. Sze is really a good guy, he couldn't bear the loss yourself.
So, even Ni Guangnan, Zhang Zuxiang so do not know Lenovo would be injected into the Hong Kong Beijing Lenovo, if they are aware of this plan, they will not sell their shares. .
Pre-IPO employees of old Beijing, Lenovo, the Lenovo thinks always sent some listing of "small", unfortunately they wish all in vain. . .
1995 NI Guangnan has formed to promote in Beijing Lenovo the laser printer-controlled switches and two subsidiaries, in addition to the Lenovo as holding to invest capital, by investing in occupies part of the unit of employees. At that time was limited, you need to assign the staff shares, warrants, Chung Yue want to exceed the amount of the distribution. Therefore, if the Association prior to listing, absorbing the staff, the price per share 0.22, Lenovo employees will Chung Yue investment. Just imagine, even the per share price of $ 2.2 everyone scrambling to subscribe for shares you want to, let alone a unit price of $ 0.22? so you can easily raise tens of millions of dollars of investment Association in Hong Kong.
Ni Guangnan Cheng Ren, under the conditions of this policy at the time how to operate, of course, yes to be studied, In any case, such arrangements, the staff Shitou of money Zhuru Hong Kong associate, Zong Ji Gangshangzhangu than borrow the He Faxing much better, if we were to discuss Liu and we will make such programs, employee shareholding association may already be resolved, it should be than it is now the "options" (dividend rights) much stronger. .
9. listing: President's signature.
The end of 1993, Liu, Zhang Zuxiang, Ni Guangnan all went to Shenzhen to attend the party Shenzhen Lenovo, they all sat in the front row to see shows, Liu cell phone rang, he went to answer the phone outside the venue. One will work, Liu greeted Zhang Zuxiang, Ni Guangnan out the door, face very serious Liu said, listing may be problems, the listing document Vice President Yan Yixun refused to sign statements that can not read sign. The time now is urgent, he needs to immediately return to Beijing to solve the problem. Liu then hurried away. Later I heard, is called Zhou Guangzhao President Liu wrote a article, Vice President Yan Yixun only signed. .
Chapter 10, "liabilities to shareholders," piece of the puzzle.
Ni Guangnan returned to Beijing, HU Jing-yu has been returned, then HU Jing-yu Lenovo Chief Financial Officer of Beijing, so Ni Guangnan see him, tell him to check the association's financial documents in Hong Kong. HU Jing-yu is 70 years, from 10 transferred to the CAS Institute of Computing, and he came out after the six-room group work, and Ni Guangnan the same room. .
Because Hu Jing and NI Guangnan family lived in peace, both bike commuting, frequent, and sometimes also arranged to go home together. On the way to ride 45 minutes or so, there are a lot of time to talk. Wu jingyu while in Office, but basically maintained the intellectuals, and NI Guangnan became.
Six rooms, sometimes HU Jing-yu translate articles, called Ni Guangnan school, two often discuss technical issues. HU Jing-yu to the association, when on the vice president, chief financial officer to do soon, head of department funds.。 See the two files listed on the Hong Kong Association of mystery is clearer.
These two papers show that Liu Hong Kong businessmen 5.52 million U.S. dollars loan to Hong Kong's Lenovo to increase their investment, the money from the Bank of China's 30 million U.S. dollars loan, how much whether the Hong Kong businessmen will benefit? 1:00 Ni Guangnan also confuse, but by such a large sum of money to Hong Kong businessmen to enable them to become major shareholders, is definitely a problem. .
See the NI Guangnan supplement, LIU Chuanzhi signature after Zhang; Wu jingyu's signature, he asked: How do you and also check bine? Wu jingyu said, we do not clearly provide loans to Lu Tan ping, we also assume that your Board of Directors discussed.
Indeed, this can not blame Zhang Zuxiang and HU Jing-yu, Liu signed they just follow, they do not associate members of the Board of Beijing, only actors. Here, only Lenovo's vice chairman Liu in Beijing. .
At that time, the MOH Chao is the Chairman of the Board, NI Guangnan Beijing Association is the Board of Directors. Meeting of the Board of Directors for Lenovo, Chairman of the Board had never mow at nominal power, a critic of the actual person, NI Guangnan is aware that it can be used only by the entrepreneurial responsibility.
Read the file, then Ni Guangnan very angry, and HU Jing-yu said that Liu had never held a board of directors discussed the matter so much why not give us that? This is not a betrayal of all it? From this time, that Liu can not be trusted Ni Guangnan, who knows him and what is between Tan Ping Lu hidden secret? Business with everyone together, to struggle, but to the appropriation of the upside when Liu and Hong Kong businessmen on carrying out all together, they actually came up with any excuse Ni Guangnan was not sure, but Ni Guangnan found this: Liu betrayed us ! . .
11, NI Guangnan feel cheated.
HU Jing-yu Ni Guangnan from there took a copy of these documents out of a heavy heart, on the one hand the interests of his associate loss (although loss of time how much he Suanbu Qing, but it is certainly a large number) The sad, on the other hand, it was very difficult. Lenovo, a long time one can have any inconsistency with Liu seems to oppose Liu is against the association, Ni Guangnan know what to do. .
NI Guangnan also found in 1993, President of room supplement, this meeting was devoted to the Hong Kong Association, time and the decision to borrow money to finance work meeting for Hong Kong's only two weeks, the record of the meeting: "total focus on Hong Kong, Guangzhou, Hong Kong Association of strategic reorientation, such as acquisition chip company, Huiyang real estate", and so on. . While "on the relationship with the Hong Kong Legend" discussion, not only did not mention public, but also hypocritical to say that Hong Kong the association, "to strengthen financial control." This was more to Ni Guangnan Liu credible, he could entrust his sister to do such a thing out of real estate to discuss why the 5.52 million dollars in loans to businessmen, much larger number, so that they account for such a large stake in such a large interests, but should we hide it? . .
NI Guangnan think LIU Chuanzhi fooled all Beijing Association, the Board of Directors and founder of the staff, there must be a secret deal.
Many years later, Mao is said to have been chairman of the DPRK position on the media, to Hong Kong businessmen to do debt holdings in the long-distance phone Liu and He said. To say nothing of such an important, complex issue that can clear in the long-distance calls, said the problem is, when the Beijing association board of directors has eight members, this important matter, without a board resolution, a small number of black-box operations director, direct suspected illegal. .
What's more, 28 November 1995, the MOH Chao worked and NI Guangnan, Mr. Sze three signature declarations do not know this, the same thing, Mau Cho presents two contradictory answers.
HU Jing-yu, after all, an intellectual, when HU Jing-yu Ni Guangnan to identify these key documents, he did not realize he had offended Liu did a "stupid." For a long time, Lenovo is Liu one person, no one dared to challenge Liu, in technology, development work, in the past to fully listen to Ni Guangnan Liu's approach, so Ni Guangnan non-technical issues never interfere . Because of this, listed in Hong Kong association process, although that Liu alone Ni Guangnan Hong Kong businessmen, and we do not discuss very much, yes, but not directly come out against it. He also believed that Liu should safeguard the interests of Beijing Legend. .
12, "" venture separation ".
In the past, Beijing Legend Although there is no "options" program, in association leadership, for older workers, should give some way to protect the interests of this principle is very clear. Ni Guangnan worked abroad to understand the practice of foreign companies, he said many times, and Liu, high-tech stock company must let employees. Liu always said that this is not good practice. .
Later, in the company's internal critic of the "entrepreneurial separation" for older employees, and write a score by one critic, he himself is the most high, 14 min, NI Guangnan and Li Qin than he is low, 13 minutes, other older employees and so on, each with a different score. While this is not very scientific, fixed by a critic or unreasonable, but better than nothing. NI Guangnan never own treatment, has not. This shows that at that time, at least, Lenovo has a "stock options" mengya. The interests of the Association critic to businessmen, NI Guangnan think he betrayed Lenovo employees.
13, economist, comments. .
In 1995, 25 January, LIU Chuanzhi, Jinglian access company, and President of Chamber, together with some members of the Association at the Conference room, reception. LIU Chuanzhi briefed him on the Hong Kong Association listed, let us look at how the three shareholders (Beijing Lenovo, China's technology transfer company, Hong Kong) out of the 30 million joint venture with the establishment of the Association, and then how to rely on the "lame" blind back, finally how listed in Hong Kong. . .
Later, we heard that Ma NI Guangnan fear Jinglian will say these things out, call Jinglian explained that the shareholders of Chinese technology transfer company collaboration, and therefore a bad listing won't let it shares.
14, Ni Guangnan never cared about his treatment. .
Early in the Hong Kong Association, all workers get 30 dollars per day. Later, according to Xinhua News Agency wage money wages, NI Guangnan received from the second, $ gradually rise to 5000 Yuan, up to about a few hundred dollars than entrepreneurial high, this is the critic, not NI Guangnan. These are the prescribed treatment.
However, the actual treatment? For example, Liu organized a Gold Card, is the main card, he gave a subsidiary of Ni Guangnan is his card, Ni Guangnan basically do not. Liu housing on the best, for example, he lived after the listing of a set of Willow Mansion nearly 10 million Hong Kong dollars worth of luxury units, while the Ni Guangnan and Zhiqiang still shared a dollar value of more than 2 million common units. Liu in Hong Kong and Lenovo have a Mercedes-Benz 600 car, Ni Guangnan is still and staff to walk to work.。 The shuttle is Santana NI Guangnan.
However, Ni Guangnan do not care about these things from. As the oldest association of intellectuals, Ni Guangnan also maintain the style of the older generation of hard work. Ni Guangnan in October 1991 to the United States, first in Silicon Valley in the Trident Company, to understand by the R & D general manager Chen Jian led the development of cooperation with the United States, then to Microsoft headquarters in Seattle to discuss with Microsoft Windows 3.1 Chinese version localization problem.。.
So Ni Guangnan and Chen Jian and the others on Saturday, jumped on the "Greyhound" bus, sitting nearly 20 hours, travel long distances to hundreds or thousands of kilometers to Seattle on Sunday evening, the next day, as scheduled talks with Microsoft . Young people feel very tired, Ni Guangnan said to them, it is much more than train hard seat, though some tired along the way can see the many customs, but also gain it! . .
In 1993 the Association Headquarters building completed, LIU Chuanzhi, etc. into the luxury real estate office, responsible for Director Wangpingsheng asked NI Guangnan, do you want to have moved into the new Office. NI Guangnan said: R&D personnel are in the terms, I still remain in the calculation of the bar.
Thus, Ni Guangnan still working in his old office. This is the second floor, North Building in the calculation of the half, is Ni Guangnan borrowed to the library, originally stacks. Enters from the north entrance, half the second floor stairs, move forward 20 meters, then through a small door and walked Erduan small staircase on to. This is the Ni Guangnan to tell visitors how to get his "chief engineer" No wonder people came to say, "This is like going native like." Ni Guangnan often to the north entrance to pick up visitors so people can not find. Ni Guangnan seems a little foresight, when the association in 1995, he was dismissed, he can be fixed in situ and do not deserve to be expelled from the headquarters building. .
In the leadership of the great powers, senior leaders, NI Guangnan in 10 years still do not have a private bus operators. He never late for a meeting, not to be made to stand, not what special care. Where received notice of the meeting to be held, he is not present (like arrangement ??? like) must first leave, Director of the Office of the Chief Engineer's Office, or call the leave himself, sometimes also written books on leave.
15, personnel conflicts. .
The week is calculated by the company Xiaolan creator to do one of the early R&D Manager and help engage in product development, NI Guangnan Duo. Hong Kong Association creation phase, Xiaolan was doing R&D Manager, help make computer development, NI Guangnan cooperation was also good. At that time, manpower, Ms. Xiaolan is also responsible for the procurement of the week. Initially, production is a difficult problem, the Hong Kong Association of equipment and the lack of experience, the supply has not established, as a result, the quality of the product at the beginning there were some issues through efforts to quickly resolve the issue. Process, production and sales, Zhang Lu John peace between Tan ping, R&D, production and procurement have contradictions between, this is quite normal. . .
In the early days was the quality of printed circuit boards, Zhang zu Xiang NI Guangnan on week Xiaolan have opinions. On the one hand this is due to the lack of experience, on the other hand the company is also a lack of PCB IQC (incoming quality inspection). At that time, the issue involves the 1000 block around the Board, Mr. Sze, NI Guangnan, etc. are not thought of as the week Xiaolan time.
However, Liu was proposed to use the river for Zhou Xiaolan Cao, Ni Guangnan so very surprised, because the CAO of the river had been closed because of poor health at home. Liu said that Tsao's body no problem. In this way, CAO Jiang to Hong Kong to replace Zhou Xiaolan Lenovo as R & D manager. Ni Guangnan from the perspective of cooperation with Zhou Xiaolan more familiar, easier, Ni Guangnan subjectively do not want to replace Zhou Xiaolan, Liu's decision is subject fills As Zhou Xiaolan Liu took the opportunity to how to say, even know. .
In the winter of 1992, the Lenovo R&D found 206 chip has the quality problem, then this chip has been welded onto the motherboard. Typically, a problem occurs in the R&D sectors need to redress of the dollar, which occurred in production of ten dollars is needed to correct, which happened in the sales process will need $ 100 bucks to correct. Therefore, immediately send files, R&D requires stopping the shipment, the replacement of the device.
At this time, help Lu Tan Ping Mary Ma, sales do not agree that the customer no complaints, now is the season, should continue to ship. The results of the shipment to overseas customers eventually be returned the. In order to save maintenance costs, by the maintenance department manager of a nearly a year to overseas subsidiaries to repair these boards. The amount of these motherboards is not 1000, and tens of thousands of pieces for this contradiction Ni Guangnan and Mary Ma to 1000 than did the conflicts board and Zhou Xiaolan much, but even so, no one has made such Ni Guangnan Mary Ma, to be replaced, because the Ni Guangnan Liu did not have great views, to criticize Ms Mary Ma, enchant Ms Mary Ma. .
NI Guangnan believes that it speaks, Xiaolan only want to change my Chou is a critic, his trick is not to hide their intent, also took the opportunity to provoke a week Xiaolan and NI Guangnan contradictions.
Liu Zhang Zhenqiang also used on a similar approach. Lenovo Lenovo in Hong Kong, Beijing was the work of Liu, Zhang Zuxiang persons living in the sea, Willow Mansion's big unit, the Ni Guangnan plans and Xu Fei, Li Jin, and three lived in a small unit in Yanshan Court, in the interval with a road. The company hired a nanny for Liu, etc. The former House do dinner, they often eat dinner together. One time after dinner chat, Liu angry and said: bad luck! The Shenzhen forgot to health, and the result was a blood spot test pumping of. .
NI Guangnan feel blood isn't offered in the past he has been twice, each time a 200CC blood, blood tests probably 1CC, no big deal. But shouldn't they commonly use NI Guangnan said let me slowly went to Shenzhen, a new health certificate off then go for it. At that time, the Hong Kong Association of multiple entry visas, health certificates etc, are needed by a Chinese technology transfer company, the transfer of technology as an important contribution to the company. Back to Beijing from Fang Qiao, Chang Chen Qiang is responsible for the Beijing Association of logistics in Hong Kong, all these things from him sent to China to technology transfer company.
Liu did not expect an exciting Ni Guangnan, then on to ask: How long Zhang Zhenqiang do? Ni Guangnan said, about a week. Liu immediately very angry and said: run too slowly! He picks up the phone called Zhang Zhenqiang over, in front of everyone's face, severely reprimanded Zhang Zhenqiang said, "how did you, and another for non-health certificate are down, if the total Ni no health certificate, pass to the pumping of blood, You can afford to bear responsibility? "Zhang Zhenqiang a big man was actually reprimanded by Liu shed tears. .
NI Guangnan aside and needles, very embarrassing, I do not know what to say, sorry speak Achar. In fact, the health certificate must rely on the technology transfer company, time is not up to full intensity, Liu Zhang is greatly exaggerated. A few years later, NI Guangnan and Chang Chen Qiang talks, revive the matter he is still very well underway, NI Guangnan guilt, visible critic was scolded wounding of deep, but he is always with "NI" name to do so.
By 1994, Ni Guangnan Liu has been on guard against the heart. Time, Liu Ni Guangnan find a key to talk, said that the backbone of the people who have opinions on, you tell him, tell him to pay attention. Ni Guangnan then have been vigilant, they said, why do not you find him? I only technical, this should not be about me. Liu Ni Guangnan not see in the account to give way. .
16, trap?.
Liu Ni Guangnan daughter and son both graduated from college in 1993, the second half of 1993, Liu was asked Ni Guangnan, the situation after his daughter graduated, Ni Guangnan said the school GRE, preparing to go overseas. Liu was not agree, said he did not favor his son to go abroad, going abroad is not a white culture it? Something over half a year or so, in March 1994, the Ni Guangnan has reported the debt holding up the serious problem of the day, the company suddenly came to the Ministry of Personnel of Xiao Ni Guangnan, said Liu Zong called personnel to help the overall Ni daughter to go abroad to do the procedures, when the Ni Guangnan dreadfully puzzled. .
NI Guangnan, think this is wrong, why not ask for my critic's opinion on the layout of the personnel department? if they call the HR Department, others will say NI Guangnan borrowed public vindication of privacy; now even if you do not call the HR Department, others will say that too is NI Guangnan, but couldn't. Therefore, NI Guangnan must make it clear. He immediately called Xiao Liu--featured the personnel department General Manager to be found also in the East, in the presence of two individuals, very seriously said he never made the total of such a request, they certainly don't need to do; NI Guangnan said that public-private distinction should, irrespective of who said that, contrary to the company's system will not be able to do it!.
17, "the public has" or "Settle"? . .
LIU Chuanzhi April 1994 at the Naval Hospital recuperation, one day, he told his driver driving a Mercedes-Benz 600 received NI Guangnan to hook yutai Park, NI Guangnan driver to take them out, and two people went to an alcove sit down to talk.
Liu straight to the point that: the old Ni, do not mention what happened in Hong Kong-listed Lenovo, in the future I can put you on top of Li Qin, the matter will end here, not to mention it! Ni Guangnan said very decidedly: old willow, this is not my personal thing, I did all of the directors are Dai Biao, Hong Kong listing of things you think everyone should have one account for, if we say that Ke Yi, I Meiyouyixian! Liu Ni Guangnan see no point to accept the conditions of meaning, and said: All right! This matter on this point! . .
Then, feel free to say some things, LIU Chuanzhi called his drivers come in, and NI Guangnan sent back. Subsequently, the critic of the Office and a few times, once on a fierce critic of the NI Guangnan on said-associative listing I must get to understand what I'm afraid this several times by a showdown, NI Guangnan and entrepreneurial relationships have actually broken, just outside surface also cannot see them.
18, the driver Xiao Hou. .
In 1994, a night at the beginning of may, NI Guangnan love neighbor suddenly call of NI Guangnan, worried: Hou (NI Guangnan "shuttle" drivers) in the fleet to drink a lot of wine, was said to be not he gave Mr. gross drive, he wants ….
Then, Ni Guangnan realized shortly before his sudden change at the car driver is not a simple matter. Lenovo's vice president was more than a car, Ni Guangnan drivers in determining when to administer the logistics of Caishu Yong Ni Guangnan comments to the vice president, asked if he agreed Xiao Hou car drivers do? Ni Guangnan readily agreed. Since then has been good to get along Ni Guangnan and Xiao Hou, Xiao Hou very smart people, technology is good, and sometimes go out to meet Ni Guangnan, traffic jam, Xiao Hou always thought a detour, on time, Ni Guangnan praised him for this. .
In short, Hou service is dedicated to driving for NI Guangnan has never had any problem; NI Guangnan on Hou is praised, never said a Word to say. In May 1994, NI Guangnan returned to Beijing from Hong Kong, President of Chamber, LIU Chuanzhi suddenly said: the team has a lot of accidents, in particular, Hou, he is driving to NI total, if the total for Gavin drive out of the accident, the injured NI total? give you want to make the entire fleet.
Ni Guangnan heard very strange, Xiao Hou the accident, I am in Hong Kong did not hurt, why fuss? President you do, no matter who never drove such a trivial matter to whom, why the sudden interest comes from my driver. This situation reminds that time down to Ni Guangnan excuse in Hong Kong, Liu Zhang Zhenqiang rap scene. Of course, at the Ni Guangnan said nothing. .
Shortly after, NI Guangnan discovery into Xiao Liu came to him, but then I thought maybe Hou NI Guangnan is sick, do not care. NI Guangnan don't realize that this is a changed his driver, and may also use NI Guangnan, on behalf of Hou Hou said a lot of harm..
Ni Guangnan until late at night in Hong Kong, Lao Zhao received the phone before we realize, something fishy here. The original team to Xiao Hou as his "car" driver, Lao Chai (Lenovo's vice president in charge of logistics, the company party secretary) specifically asked for his opinion, but to replace his limousine driver, actually does not seek his Lao Chai advice on doing, in the strict hierarchy of association, if the idea is to Lao Chai their own, according to Cai Shuji strong in the "organization" must be to seek his views, and Lao Chai idea, already very low, he would not Ni Guangnan for drivers to take the initiative to come up with, Ni Guangnan linked to that meeting, President Room Liu's speech, there was the matter behind Liu's shadow. .
To quell the situation, NI Guangnan calls immediately to the fleet, Hou, for comfort. NI Guangnan said: "Hou, I told you not?" said: "no Hou. "NI Guangnan said:" Hou, I never said you drive is not good, I never said don't you drive, I did not say that you want to change you, do you believe in my words? "Hou said:" I believe that Mr. total. "NI Guangnan said:" well, in that case, you will hear this, for now, you stop, hastened to go to sleep! "Hou listened to NI Guangnan'll calm down, it does not have a..
Ni Guangnan came back from Hong Kong would like to, conspiracy afraid of open and let everyone know the truth, the team will no longer anything. So I called the president of chamber wrote a letter. Liu also compound a letter. Ni Guangnan letter did not stay the end, Liu response did leave the base. The letter, Liu sincere, saying that he would "like you care about you like your meat safe" Ni Guangnan after seeing that Liu was too fake. I thought, if you really so good to me, that I not, "Tan Lu Ping of the" Ni Guangnan think this letter is not addressed to themselves, but written for others to read, and is expected to leave some copies to Liu When released, the results as expected. .
19, total no financial authority.
Each year, the association's finance department managers are requested to record his signature in order to review their approval of the financial documents. Ni Guangnan's signature is never for the record, because Ni Guangnan Liu did not give any property rights. Ni Guangnan never fighting for power but does not care about (his only financial documents are signed and HU Jing-yu together with approval to award the Department of 20,008 program-controlled switchboards thousand dollars, in the "loss of association" has described the book), he believed the correct advocates always be supported, as long as the work can be carried out, please, vice president of planning department and even the president or any other sign can be. Thus, after 1994, Liu a "card" financial, paralyzing him. .
However, this also saved NI Guangnan, LIU Chuanzhi want to grab him by the "handle" is very difficult. Otherwise, NI Guangnan if the batch a lot, a lot of financial documents (a total of around 3 million per year in research and development funds are not issued by NI Guangnan signature) who can guarantee he doesn't end up like that to sunhongbin?..
20, Lu Tan Ping management. .
Lu Tan ping management also has a disadvantage is that the company as a family workshop, in addition to his wife Elsa do administrative Manager, placement of his second xiaojiuzi to America San Jose branch is responsible for finance and sales. The Branch Manager is an original, very talented, but there are relatives of Lu Tan ping, is responsible for finance and sales, she found it difficult to manage, then later he resigned.
Ni Guangnan said: "上梁不正下梁歪." Some branches also follow the example of Lu Tan Ping, general manager of the practice of lack of separation, some branch general manager of the branch opposite opened his own private company, he Hong Kong's Lenovo computer motherboard to get the goods, immediately changed hands with cheap sell their private company, so there is no branch profits, and his private company was able to get better profits. Therefore, the overseas markets in Hong Kong do not think well, Lu Ping Tan is an important reason for poor management. .
A proxy is Lu Tan ping, Hong Kong, the early years of this business is doing better, but this is largely dependent on the Beijing Association of "market" as well as China's capital at the technology transfer company's lending capacity. Because of the Beijing Association of "market" in the Hong Kong Association guarantees to AST company ordering tens of thousands of computer, to get a preferential price, without fear of backlog. And then, on the one hand, the microcomputer reseller to get huge profits in Beijing Association, on the other hand, can also be sold to other customers or small agency, this requires substantial loans from the company to resolve the transfer of technology.
Later, since 1990, Beijing Legend Lenovo began selling its own brand computer, so that AST computer sales declining, the lack of this "guarantee the end of the market," Lenovo's AST agency business in Hong Kong are also devastated. This equality agency said Tan Ming Lv done a better job, mainly relying on Beijing to associate "security at the end market," Actually, Beijing Legend has its own huge "bottom insurance market" can also open an office in Hong Kong itself, directly to the AST purchase, can also get very favorable prices. .
Do agents the most important thing is that there is a market, money, and that all of the Association and Beijing China technology transfer company. Originally, the Beijing Association have market and money, let our Association to purchase, then to Hong Kong, Beijing, Lenovo, Lenovo stock is conceding to the Hong Kong Association of practices.
Lenovo Lenovo Beijing to Hong Kong a lot of this none other practices. For example, selling its own brand in Beijing, Lenovo computers, the Hong Kong Lenovo Lenovo computer department (BD1), also rely on Beijing Lenovo's none other because, according to Beijing and Hong Kong, Legend of the agreement Lenovo, Lenovo PC sales, the two sides amortized cost, profits equally. As we all know, Beijing Legend Computer into Lenovo for the sale of thousands of people and almost the entire company's resources, and Hong Kong Legend of BD1, but only into one, 20 people, ones who enjoy this kind of cooperation is clearly to the Hong Kong association. .
For more information please read and InfoNet http://mryuanruhui. .blog. .hexun. .com/blog http://yuanruhui. .blog. .hexun. .com/.
Category: culture.
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
1 Jan-Judy on the CAs would reply to the national people's Congress disclosure of legal opinions.
Ran Zhijiang lawyers are our nation's most experienced, well-known lawyers and attorneys, is one of King God Cheng law firm one of the senior partner. The legal opinion is heard Ranzhi Jiang lawyers in 1984 to 1994 for 10 years, Lenovo's first chief engineer, Academician Ni Guangnan expressed in the present facts and evidence, the document on September 6, 2002, this unchanged for the original word. .
Second, NI Guangnan and critic of differences, can claim to have major issues is the "liabilities" to the ESOP, NI Guangnan wrote reflect his doubts and comments from four deputies support. Finally, the Chinese Academy of Sciences (CAs) on the theme of the issue in reply, indicating the results of a survey of the Chinese Academy of Sciences, position, viewpoint, from an objective point of view is also supported by Lenovo Group's decision to dismiss NI Guangnan, accredited press review by critic of the caliber of willow NI. Questions stated in the reply-to "confirm" in 1992, the Hong Kong Association for enlargement, the share capital increase to 1 billion. . We choose the elements of analysis is divided into five parts to review. .
III. the answer to "in the fifth proposal, insufficient evidence and lack of legal basis.
1, "answer" that: Beijing Lenovo joint venture with Hong Kong Hong Kong The purpose of association is to help the Hong Kong familiar with the international market and the advantages of international marketing experience; time, our association was also in overseas market on weak footing, overseas market operations, including procurement and sales channels as well as the company's daily operation and management, mainly from Hong Kong to be responsible. Lenovo's Hong Kong equity of 90 million started a few years become a listed company, of which an important factor in Beijing's Association and the Hong Kong complement each other closely (from the "answer").。.
In fact, the four shareholders of the Hong Kong Legend's contribution to Hong Kong is extremely limited, and another major shareholder, China Technology Transfer, Inc. (transit company) than appears to contribute little more to obtain more. Transit company is financially strong central state-owned companies registered in Hong Kong, the head of the book is Mr. Liu Gu Liu's father, for the establishment and development of our association has played an indelible role in promoting. Lenovo shares in Hong Kong by Hong Kong is mainly for personal gain, in the lucrative background, the role and contribution have some limitations. Beijing Legend of the four debt holdings of Hong Kong businessmen, never reached the degree of dependence.。 In four local businessmen have quit the Association, the Association for the development of fully shows the Central Government and the Bank's support, the Chinese Academy of Sciences give preferential terms and help, calculate the talents and achievements of science and technology and the strength of the Association itself, was successfully listed on the Hong Kong Association of the main driving force. For four of the importance of local businesses, not only with historical information, Lenovo founder and Butlers and workers. Exaggerating the effects of Hong Kong, is the answer to "obvious mistakes.
Shares issued in Hong Kong became a listed company, needs size, performance and business reputation. Four businessmen do not have these necessary conditions, can only rely on the loan by the Beijing Lenovo, Lenovo shares held in Hong Kong. Lenovo shares issued in Hong Kong by whom, is an indisputable fact that market. .
2. the answer to "finds that if we allow our shareholders ' capital increase from company external borrowing, the Hong Kong Association after the listing, the status of holding, Beijing, Lenovo will weaken.
From the outset that the Hong Kong non-capital share capital, shareholders had no right to split the Chinese company selling the expansion of transit options. Therefore, not the Hong Kong sell 5% stake in the expansion, but to provide loans to support the Beijing Lenovo the Hong Kong share expansion. If Beijing Lenovo will lend to the Hong Kong side of the 5.5258 million U.S. dollars has as its capital increase, then the capital increase and transfer to Hong Kong side will also hold 3.3% stake in the company. Therefore, the fact is that Beijing provided loans to the Hong Kong association expanded the 40% stake. .
Our shareholders even has the ability to use their own funds or with their own credit loan capital (Hong Kong banks to personal loans are secured, to the financial difficulties that local businesses borrow money), or can only subscribe to one-third of the shares. If, as one of the shareholders of companies in Hong Kong, Lenovo shares prior to the three shareholders to sell their own stockholders ' rights, qualified, have the ability to subscribe for shares of the transferee is, of course, another Chinese Beijing Association of shareholders. 552.58 million, you can purchase transit companies to sell all the shares. Relying on its own funds or transferee of the shares is contributing to increase registered capital, investment expanded. . Beijing Lenovo 5,525,800 U.S. dollars as well as 30 million yuan dollar reserve fund, may purchase shares of the company transit, transit can also be jointly held by China and the two shareholders control 67% of the shares. According to international practice, the four businessmen segmentation of the original one-third of the Hong Kong four common shares, any one of Hong Kong businessmen can not afford to weaken the control of Beijing Legend. The fact that the Hong Kong no money and no replenishment from outside the company's ability to borrow. Deliberately designed to squeeze out the Hong Kong transit holding company debt, increase our association of private management of the core color and autonomy. .
Transfer company is the State of Chinese enterprises, credit, strength than our shareholders reliability. In Willow Valley books as interim Chairman, Lenovo's support is far better than our shareholders. For example, the Hong Kong Association of early-stage business loans are almost all rely on transit creditworthiness of the company in Hong Kong. Maintain the Beijing Association of Hong Kong and the Hong Kong Association operations required, LIU Chuanzhi, ten backbone is a multiple entry visa and transit companies. Restrictions on the transfer of capital increase, the company will be reduced to one-third of the shares, the 3.3%..
Liu Gushu transit companies to leave the Justice Department in Hong Kong, chairman of the Chinese law firms, associations have emerged from the Hong Kong transit companies in the Board of Directors, appoint executives and financial oversight and re-adjust the ownership structure of the potential causes. China, Hong Kong law firms involved in the planning and operation of the listed Lenovo, Mr. Liu Gu contributed to the book. The interim results in Hong Kong Legend (except but one of total assets) has met the conditions for listing, may issue shares through the capital increase market situation, refused to capital increase is actually abnormal. Transit leaving only 3.3% of the shares and has since been excluded from decision-making and management, there is absolutely no preparatory work involved in planning the listing.。.
Four businessmen did not transfer funds and Beijing Legend split the company sell the share capital, Beijing Lenovo to provide full credit to use way to 5,525,800 U.S. dollars, to support the Hong Kong 300,000 Hong Kong dollars from investors, accounting for one third of shares, increase the capacity expansion holds 43.3% share to become the second largest shareholder equity. Beijing Lenovo bear so much of the capital, risk management and decision-making, to obtain 53.3% controlling stake, the claim that this as a condition to the Hong Kong side to stake out a 5% expansion, it can claim to be equal and reciprocal trade. .
Beijing Association of decision makers use private loans by Hong Kong 43.3 per cent shareholding and management, both excluding transit company participation and supervision, but also weakened the Chinese Academy of Sciences and computing, make a commitment to State-owned assets investment obligations into private groups (four local businesses and management team) enjoyment of the rights of shareholders in listed companies. This significant insider trading, the supervisor is not reported prior to and on behalf of the State of the Chinese Academy of Sciences and Institute of computing, has violated the provisions of the State.
3, "answer" that the loan of money to increase their investment in Hong Kong Fang Gudong association board of directors of Beijing's decision, but did not provide any supporting documentation to demonstrate its authenticity and legitimacy. .
Permit the party to borrow money, Beijing Lenovo Hong Kong Association of unit, no resolution of the Board of Directors is the key to confirm the legal responsibility. Beijing Association is the Board of Directors, the Board of Directors held about whether there is a resolution signatures of Directors, which is one of the most easy to ascertain the facts. The reply of the Organization, both as a Beijing Association of supervisors is the largest shareholder, as long as the legend from Beijing to a real, effective and consistent with the Charter of the Board of Directors resolution is sufficient to answer questions from the people's Congress, without the need for excessive defence.
It was then associate director, Mr. Ni Guangnan described, Beijing did not think the board convened for that matter, he has not seen the board's written decision on the matter. He only found a association of Beijing, Hong Kong and Shenzhen Lenovo Lenovo finance department staff to participate in Finance Working Conference, the Board decided not to replace the "minutes", is an associate director of Beijing Liu June 29, 1993 signed. .
This, in 1992, on 15 October the borrower after the signing of the minutes of the disclosure: issued.
Beijing Lenovo will lend 27 million U.S. dollars, "the North that a company (provisional name)," North that a company of which 5.5258 million U.S. dollars to lend, "the source to the rich, leading far the company";. .
Rich, Daw is four local businessmen to control private companies; the minutes of the source of the US $ 27 million has been made, in the said article 5 of the "bank borrowing rates", article 9, and 5% interest and the actual payment of the difference between rows loan interest, the escrow company by beiming, Department of Beijing Association funds. The meeting did not explain when the loan contract signed and how to comply.
In summary, Ni Guangnan with the "minutes", when he was consulted by the chairman of Lenovo Group, has Maochao (calculated by the legal representative), concluded without the Board of Directors Beijing Lenovo, arbitrarily decided by a few people of 30 million Bank of China the Hong Kong dollar loans lent to 5.5258 million yuan, reasons or rational, not invented. The so-called provisional name of "North out company", as Beijing Lenovo wholly owned subsidiary in Hong Kong has never publicly appear. .
In addition, according to an insider, LIU Chuanzhi brother Willow pass people at the Bank of credit Department, LIU Chuanzhi wife commented Gong is the General Manager of Lenovo OA Department, the actual financing available. Control "", the company provides beiming the minutes on the background and the insider's key figures is, of course, the signing of the minutes of the Group held its finance work meeting for the Ma. In other words, if there is no decision of the Board of Directors, Mr. LIU Chuanzhi should take full responsibility for this matter.
In accordance with Chinese law, including but not limited to "criminal" and the state finance, the central bank, exchange control regulations and administrative 5,525,800 U.S. dollars Beijing Lenovo will lend shares to Hong Kong side Lenovo's participation in decision-making and management of Hong Kong, not only discussed by the Board of Directors decision, but also reported that Chinese Academy of Sciences and approved by relevant State Council departments. In other words, there is no board of directors and even shareholders the right to make this decision. Chinese Academy of Sciences without a state-owned assets and financial, foreign exchange management departments specifically authorized, 5,525,800 U.S. dollars to give up on the exit of foreign ownership loan approval and supervision regarding the right of dereliction of duty. Therefore, the "answer" by the defense on this matter, there is no convincing credentials, can not be established. .
4. Beijing Association of 552.58 million came from, this is an unavoidable problem.
"Response" found: Beijing Association and Hong Kong "Guide far Computer Systems Limited" on October 15, 1992 signed a "formal loan contract (Annex 1)", 552.58012 million dollars will be paid to the Lu Tan Ping, WU Li Yi, Zhang Liji , Zheng Guoli 4 Port Fanggu Dong; Bank of China to Beijing Legend "special foreign exchange loans to 30 million U.S. dollars," the letter of reply, issued on April 14, 1993; Therefore, "the special loans in Hong Kong and Fang Gudong by funds to the following there is no special bank loans for other purposes of the problem. "。 This conclusion, we come from the following areas.
(1) First of all, Beijing Legend (since October 15, 1992 to April 14, 1993) is an industrial and commercial administrative organs in the state register of state ownership enterprises, subject to a license from the government, we do not repeat. .
Countries prohibit financial institutions other than the borrowing between enterprise and the enterprise, the prohibition of the enterprise held by foreign exchange lent; without approval of the State administration of foreign exchange, foreign exchange transfer shall be (including Hong Kong); includes the Chinese citizens personal foreign exchange deposits, foreign investment in assets, rights and interests of dividends, sales revenue, carry or remitted shall be approved by relevant government departments; these are the Beijing Association should be aware of the regulations.
(2) Second, the Beijing Lenovo on Oct. 15, 1992 before the availability of 27 million U.S. dollars deposits, is also a very easy to find out the facts. In addition to bank loans, Beijing Legend's foreign exchange earnings, foreign investment and profits, should be reflected in its balance sheet and the accounting books. Beijing Legend of proof should be at least explain the source of 5,525,800 U.S. dollars, confirmed that lending to the Hong Kong Exchange and Bank loans or other unrelated state-owned assets. Misappropriation of state property or state regulations are used in Beijing Lenovo foreign exchange, without the state-owned assets, foreign exchange management departments lend foreign authorization is illegal, and discipline. .
(3) Finally, there are two facts should be identified, that is, how do you pay to $ 552.58 four businessmen or its registered companies, when put into equity Hong Kong Association. As long as the Beijing and Hong Kong, Lenovo, Lenovo, Attn truthfully provide credentials, is also very easy to identify.
(4) In short, the "answer" to avoid the above should be investigated, and very easy to identify the four facts, the Board decided that a formal contract for this excuse can not fight the mandatory provisions of the State. Of course, no board of directors decided that the contracts have no legal effect, if the circumstances are even more serious. .
The reply will be awarded $ 552.58 Beijing Association of public funds, which indicates that the Beijing Association in violation of State enterprises will be allowed to provide loans, foreign exchange shall transfer to the outside of the prohibitive, arrested for embezzlement of public funds lent to them. Misappropriation of public funds to a foreign legal person is a unit of decisions, acts or minority informed individual behaviour, is still an unanswered question.
5, the Hong Kong low-risk, high return on debt holdings, beyond the national law and international practice to the extent permitted. .
Disclosure of the replies of the shareholders, the quarterly interest payments on debt can be extended indefinitely, instead of having to comply with the provisions of the contract; interest "in accordance with the Hong Kong Bank lending rates jifu", no need to press the 5 per cent of the contract or Bank; to stock market price rises above the issue price, and then to sell some stock dividends.
From the outset that the legality of the loan contract, is valid, but an unresolved dispute. .
Over the years, Beijing Legend debt stock holding decision-makers to be pushed up, "looked after" Hong Kong businessmen have racked their brains. Lenovo's Hong Kong listing in 1994, the stock has been up and never go up in 1996 and 1997, the Hong Kong Legend huge losses, stock prices have dropped more than 2 corner, but its main business (agency and board business) are very difficult to win to restore the original profitability of Lenovo shares our outlook bleak. In this case, the Beijing Legend debt holding decision-makers do not call the Hong Kong loan repayment, or acquisition of the Hong Kong stock, but decided to inject Beijing Lenovo (the "integration") to the Hong Kong association.。 Beijing Lenovo is easy at the domestic or overseas stock markets, you can also borrow shell, "consolidation" is equivalent to Beijing, Hong Kong, Lenovo, Lenovo to borrow "shells" listing, but borrowed the "shell", Hong Kong and Beijing in occupies almost the same co., Lenovo, which will enable the "consolidation" of stock returns nearly half to fall into the hands of local businesses. To this end, NI Guangnan in September 1997 to superiors, raised the debt stock issue has not been thoroughly investigated before a settlement is not clearly and in a hurry "integration", but his advice was ignored. . At this time, holding policy-making talents Beijing Lenovo debt repayment is called the Hong Kong side. Through this special "care", Hong Kong businessmen debt holdings finally "complete" end. .
The answer to "just say and businessmen can use 1.33 HK $/unit price sold stock to cash, but have not revealed four local businessmen to what price to buy stocks. Published by the Hong Kong Association of financial reports, four local businessmen borrowing augmented after share amounting to 2.08 million, according to 1.33 Yuan/unit to sell some stock to pay off the loan, yet holds 1.75 million. According to the 1992 to 1994, national legislation and policies, a joint venture in China, will not be able to use this way to foreign shareholdings. Venture in Hong Kong, is no exception.
In addition, four businessmen from Hong Kong every year, Lenovo paid, dividends and other high administration until the resignation. .
For the same period in the international practice, allows executives or technician in a similar manner. However, you must have automatic transfer confidentially. Four local businessmen in annual salary, the State-owned enterprises by borrowing money to achieve such high equity and stock trading right, in our joint ventures in something. Hong Kong and Beijing Association of Chinese directors, executives, employees have no similar stocks or options.
Lenovo Hong Kong listing in Hong Kong, some employees can be 1.33 yuan / unit offering price to buy a small number of stocks; Beijing Lenovo employees, more than 2 yuan per share market price, you can also buy a small amount of stock; however, Chinese employees to buy stock, price and quantity can not be compared with Hong Kong businessmen, can not get Beijing Lenovo borrowing. .
As regards foreign to what price to buy stock, can be calculated: the original and the Hong Kong investment holding the exact same transit companies, only to get 1500 million shares, four local businessmen through borrowing 552.58 million augmented holding 2.08 million, compared to the interim company shares 1.93 million. Therefore, projections of their borrowing to buy stock costs should be HK $ 0.223 per share. Hong Kong Association of stock prices and long-term stability in 2 $/unit above, once reached as high as 30-60 Yuan/unit. Hong Kong gets profit, have been included in the transaction record. . .
4. press for disclosure of the truth that there is no blame. NI Guangnan.
"Answer" is real, comprehensive, accurate, and whether the law and national interests, for the time being no proof. The face of the NPC recommendations, Chinese Academy of Sciences Office has finally revealed the profile of Hong Kong businessmen debt holdings, that the CAS ruling Ni Liu battle positions and views. .
1 Beijing Lenovo, the Chinese Academy of Sciences that lending to the ESOP liabilities shall be determined by the Lenovo Group Board of Directors is responsible for.
Chinese Academy of Sciences, as superiors, Beijing Lenovo and Lenovo Group's largest shareholder, made it clear that granting the Hong Kong debt holdings and take responsibility. .
Use of the National Institute of audit, monitoring, inspection and functions, a loan contract and the China Entrepreneur magazine 2000 phase differences on willow NI and NI Guangnan background material on 7 September 1999, written by my self-criticism ", held in Beijing, Hong Kong businessmen Association lend shares without fault. Indicates that the CAs does not wish to reveal the true source of 552.58 million, did not want to go into debt stock of decision makers and executives.
Since 1992, according to 2000 state legislation and effective administrative regulations, misappropriation of public funds to private use, especially for personal gain, are illegal. But the criminal law clearly stipulates that no express provision shall not be held "unit crime." The embezzlement of a crime, not punish the unit, only pursue individuals. Therefore, the Board or the Chinese Academy of Sciences to associate the name of the "debt holdings," the decision, even if the violation of law only by the Chinese Academy of Sciences of the CPC Central Committee and State Council liable for breach of discipline or violations of administrative rules and responsibilities. No need to investigate the criminal responsibility of executives. .
The CAs as a national institution, does "misappropriation" and other violations of criminal responsibility; Chinese Academy of Sciences on behalf of the people simply to illustrate 552.58 million bank loans is not, in other words is the CAS has the right to dispose of the funds, local administrative and judicial authorities have no right to examine and investigate. Of course, whether personal or critic in Beijing, Lenovo, the Chinese Academy of prior approval or consent after the implementation of the CAS decision, are not required to misappropriation of public funds to a foreign shareholdings. . Evidence held by the units or individuals, must be reported to judicial organs for investigation, prosecution, trial. .
CAs assume liability of corporate responsibility, cut the lead to personal liability is to prevent the judiciary investigation of effective countermeasures. Chinese Academy of Sciences on behalf of the people, made it clear that the reply by the Lenovo Group Board of directors or the Board of Directors of the Association in Beijing prior to the ESOP assume obligations, but it is also a unit as the most effective critic of faultless certificate.
2, the beneficiaries of debt holding an open part of the story to the press. .
Liabilities to the ESOP is the greatest risk of violations of laws and regulations, by the Chinese Government or Hong Kong listed securities agency cancellation. The resulting liabilities, losses and liabilities of the Association by Beijing. In the event of such a risk, the Chinese Academy of Sciences will relentlessly responsibility to someone. According to available information, the CAS has not approved any violations of laws and regulations, at best, blinded by the minority.
If Lenovo's shares in Hong Kong in 1994 prior to listing, the internal communications Gangshang liabilities insider holdings, domestic state-owned assets management, foreign exchange management, security management institutions will come forward Ganshe, asked Beijing Lianxiangzhongzhi 或 current possession. Lenovo shares issued in Hong Kong, will vanish into thin air. If Hong Kong businessmen in 1994, listing liabilities of shareholders before and after the publication of the truth, Chinese Academy of Sciences, Computing, and Lenovo employees, there is bound to strong opposition. Domestic and international media uproar, especially those who are familiar with the listing rules, will be mercilessly attacked debt holdings. Lenovo can not be listed in Hong Kong stock issuance, the listing can not raise sufficient funds to lead to disastrous consequences. .
Therefore, the debt stock of the truth cannot be informed and relevant departments, cannot write to the prospectus and the financial reports. Can only be black-box operation, the bait. After the success of the Hong Kong Association listing, Beijing Association of assets and performance support, Bank of China of us $ 30 million loan to support, it will certainly be able to swing from speculating in the stock market to raise the huge amounts of money. Wait for them to sell the stock, pay off the loan risk $ 552.58 discharged.
Decisions and implementation of the Beijing Lenovo central figure holding debt, aware of the subtleties herein. Strictly confidential, and strictly control the listing process, stabilize the foreign, to ensure the listing successful financing through the stock price speculation with the funds raised also bank loans to help with the transfer of their shares to pay off foreign loans and eventually resolve the potential risks. Market success, foreign debt service, and Beijing Legend's assets and performance, Lenovo's Hong Kong and China stock markets of Hong Kong IT industry star enterprise. Chinese Academy of Sciences is offering a golden child, Liu became world-famous entrepreneurs home and abroad, a key member of Lenovo all become millionaires.。.
Ni Guangnan neither involved in the operation of debt holdings, are not familiar with stock market rules and relevant policies and regulations, but also reveal the truth I do not know the consequences. He is aware of the Bank of China's huge state-owned assets, loans, foreign investors can not lend indiscriminately to foreign-owned assets and with the Chinese Academy of Sciences, calculate the other state-owned rival shareholder profits. Proved to cover up the truth, to lift the risks of foreign debt holdings is the biggest beneficiary. However, prompted the truth, punishment Beijing Legend of illegal or irregular act, suffered losses is not foreign. .
However, when the CAs subsided NI Guangnan after foreign has unscrupulously denies claims of the reply code, press the "reply to" the disclosure does not expose the truth. The answer, clearly, a total of four foreign borrowing 552.58 million. Lu Tan ping them to borrow $ 2154062.5 (38.98 percent) in the annex to the prospectuses: Lu Tan ping to become the Association's largest shareholder, Member of the Board of Directors, holding 81,106,000 unit. . Tan Ping Lu repaid after the borrower, but also sell a small amount of stock, cash in and registered his own venture capital companies (assets of more than hundreds of millions) to Christmas Eve 1999, Lu Ping Tan worth millions in their own yacht, declared to reporters, the remaining 7,000 shares of Lenovo stock, according to the prevailing market price (about 50 yuan / share) a total of 3.5 billion Hong Kong dollars. .
In addition to Lu Tan ping, the other three local businesses accounted for the total amount of debt stock, 61 per cent of the profits. Compared with foreign, as of 12 September 2000, the National Association of tax accumulated SSO 19 billion yuan, to the Academy of Sciences 9400 million. Only after that, he was critic for the Hong Kong Association Chief Executive of the Hong Kong stock market manipulation "three elements of the" Hong Kong Lenovo stock price to help their families save stock trading Association, a lot of money. Is not less than foreign, or not less than CAs?, in short, more than any one Lenovo China holding employees are much more. . Among them, Liu HK 17.2-18.5 per share sold 15 million shares, profit 244-260 million, the remaining 185 million shares. Thus, Chinese Academy of Sciences to identify ownership of the entire process of Hong Kong businessmen liabilities and details of the press is a more than easy to do things they would rather not, check and not open, there must be too awkward. .
. .
When people become increasingly familiar with stock market rules, when the debt stock Insider gradually exposure, have no one to go into the forgotten past. Hong Kong Association from the stock market to raise funds from the thousands of investors. Stock market risk, profit and loss suffered by investors on its own. Losses may turn to other stocks and funds, the profits of enterprises and individuals, there is no need to say long on short. Lu Tan ping, claimed that the profit of billions of dollars, LIU Chuanzhi admits to spending a lot of money, but also not caused people's curiosity. The entire liability of the story seems to be only one victim – the silent lambs NI Guangnan.
3, Ni Guangnan wrong? . .
From 1992 to 1995, the debt stock is kept strictly confidential in the planning and implementation phase. Participation in the planning, implementation, and the central figure, one of the insiders. NI Guangnan as Lenovo's chief engineer and Director should participate in the Board of Directors and top management decisions, but in fact were left out in the cold, just press the listing rules should disclose the file signature. Therefore, he shall be eligible is of the view that the liability of Directors shareholdings without discussion, and there are two directors to support his assertion that consists of three votes. A bank loan of us $ 30 million of the allocation map, caught his attention. . This decision is not Beijing or Ming Lenovo's board of directors, signed the document is Liu individuals. Ni Guangnan as associate director of Hong Kong, Hong Kong businessmen know very well that no capital increase its stake. Foreign investors in Hong Kong, Legend of the shares on the prospectus, from the number of shares, amount and proportion, are far more than their own funds, the executives of small shareholders into a truly major shareholders, contrary to Ni Guangnan accident. The multi-advice, debt holdings Ni Guangnan discovered the truth and recognize that it is illegal, violations, discipline major. To this end, he asked Liu, calculations and the Chinese Academy of Sciences gave him a reasonable explanation of the truth and the whole story.。.
Deprived of their right to know the director, one level has been progressively appealed rejected the post of director until revoked, be removed from association, Ni Guangnan no fault behavior can be called. His biggest mistake was not to resort to judicial process: to be deprived of their right to know, can the Securities and Exchange administration and media complaints, he believes that "family shame should not be"; been denied because of outstanding contributions to intellectual property and shares should be, be dismissed without cause dismissal, the court may, in his view that "an individual suspected of seeking personal gain," contrary to the purpose of his complaint. .
Facts have proved that NI Guangnan suspected 552.58 million was the Bank's loans or Beijing Association of public funds, was fully reported to the judicial authorities. According to the prevailing laws and state laws, or misappropriation of its management personnel (especially huge amounts of foreign exchange) is a private sector (including foreign) operation, where an individual's behavior should be investigated for criminal liability in the case of legal persons; indeed, it shall be unlawful, illegal, disciplinary, administrative or disciplinary action. Informants did not, and should be subject to legal protection and national incentives.
However, when Ni Guangnan doubts and judgments proved to be progressive, when Lenovo Group has been formed "to listen to the majority view, and a few people to discuss, the last one person" institutional and decision-making mechanisms, as blatantly in Chinese Academy of Sciences State-owned private companies. Lenovo Father Han card, Lenovo's chief designer computer, Lenovo pioneers Ni Guangnan, and have actually been erased from the events in the association, two magazines hype thrown into love complain of "paranoia." Fortunately, or Academy of Engineering Ni Guangnan, when there are NPC deputies, CPPCC members of the amulet, his health also can not lose the ability to work.。.
Four businessmen set up in the number of registered capital, can take much of the debt and responsibility; 5.5258 million U.S. dollars loan, the actual use of the long amount of interest paid; four shares of Hong Kong businessmen to 0.223 yuan / shares purchased Youyi 1.33 yuan / share sale price of repayment, for a number of profit; repay the remaining 175 million shares, the stock rose to 30 yuan or 60 yuan / share cash thrown, but also How many excessive profits? These can not hide the data should be recorded in Hong Kong, Legend of the documents, financial records and documents, it's very easy to identify. .
Beijing association with four successful businessmen in the Hong Kong stock market financing, or four businessmen with the Beijing Association of borrowing huge huge gains? has become a documented history. Beijing Association is not in accordance with international practice and give them options, but assume all risk and expense of the interests of the company, giving them the opportunity to profit. Hong Kong companies to borrow, on behalf of the company, no mortgage, no warranty, to the company's bankruptcy to the extent of the risk, stock price, the sale of cash in a personal capacity. Has become a reality without controversy.
However, the Beijing association of 5,525,800 U.S. dollars to the four businessmen, allowing them to use, share, profits, and institutions to invest in a universal, absolute control of state-owned enterprises into private companies and individuals have the final say in Hong Kong company law with impunity lay with the Hong Kong SAR Chinese law, it is clear violation of the state, the Central Bank, Foreign Exchange Authority of the relevant laws and regulations. China's Civil Code and in accordance with the relevant provisions of contract law, in violation of state law agreed upon terms of the contract should be null and void, since the date of signing of no legal effect. Of course, the interpretation of state law, shall be null and void the loan contract recognized by the Court, beyond the "Reply" permissions. .
In the face of such clear Cardinal, NI Guangnan as one of the founders of the Association, according to the organizational and administrative procedures that reflect his views. When an organization, consider the public as a self-criticism. But the critic of public grievances, through media words excuse a major dispute as personal agendas, Lenovo's success and financial misinformation, repression of different views, concealed the fact will be evicted from Lenovo team NI Guangnan deprived of technologies and founders equity.
"Answer" is based on newspaper articles to provide a protective shield and defense Liu words, can withstand the test of fact and law, have yet to uncover the truth in accordance with legal procedures after the ruling. .
For more information please read the China economic NET http://blog. .ce. .cn/html/36/348136. .html economy blog http://blog. .ce. .cn/html/17/333117. .html.
Category: Google News.
Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click Legend Digital SkyDrive public documents to download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .
Don jakopin unveils the secret – the Lenovo Lenovo from State-owned enterprise into a private group.
I. Introduction. .
Lenovo Group initial registration of the company, was founded in 1984, clinching the whole registered investment companies. In 1989, renamed the Lenovo Group (hereinafter referred to as Beijing Association), by the head of the Chinese Academy of Sciences are still State-owned enterprises. Ma 1986 when, on the company's General Manager, for the sake of mobility management and the management team's enthusiasm for the proposed "owned" slogan. In the legend from the entrepreneurial State-owned to a private process, he personally paid dearly.
Second, the establishment of the Hong Kong Association - a breakthrough from the state to run. .
In 1988 the establishment of joint venture – "the legend" so that the State-owned company of computing has a "foreign", a "foreign" as allies.
April 1988, "Beijing Legend development" (ie calculation of the Company), China's technology transfer company affiliated CCPIT (Technology Transfer Company) and the Hong Kong guide far, Inc. (LU Tan equal four from Hong Kong) joint venture - Hong Kong's Lenovo. The original capital of 900,000 Hong Kong dollars, which put 300,000 Beijing Lenovo, and technology transfer company has invested three hundred thousand, two state-owned holding a total of 67%, 33% owned by Hong Kong. While still holding the joint venture of state-owned enterprises, but the Hong Kong businessmen by "foreign" shares, technology transfer is the state-funded institutions registered in Hong Kong by "foreign" shares, Liu has been achieved from 100% state-owned to private-third of the world , provides a convenient conditions. .
Hong Kong Association of business depends mainly on two aspects: one is based on the Beijing capital at the end of the Association in the domestic market, each year, the Beijing Association to sell tens of thousands of computer, you can get the AST computer or another computer. Beijing Association of this agent to the Hong Kong Association to do, of course, can have a very good profit. The second is a technology transfer company's huge loans, when the Beijing Association in Hong Kong also borrow money from them is limited to 30 million, without further investment obligations and capacity. General agent of containerizing support, the Hong Kong Association of district 90 million share capital are just symbolic. Only technology transfer companies in Hong Kong is both a strength and reputation, able to provide foreign exchange loans. . .
Third, the Hong Kong Association of entrepreneurship pillar is the "Chinese" instead of foreign investors.
Lenovo is now almost do not know, who have to provide foreign exchange assistance Lenovo "Chinese technology transfer company." Lenovo fortune in Hong Kong but it is the contribution of the history is no small matter. It is no exaggeration to say that our association can not Lu Tan Ping, another Zhang Tan Ping, Wang Tan Ping is OK, but not without technology transfer company. In the whole of Hong Kong overseas, was in Beijing Lenovo to "foreign" or "foreign" to provide such a selfless, free of charge to support, could not find such as technology transfer company's second company. .
The reason is simple, because human father Willow Valley books is the company's Chairman of the Board. Not only the Hong Kong Association of huge loans provided by technology transfer company, it also as a critic, NI Guangnan, Beijing Association leaders and dozens of backbone provides a multi-entry visa. At the time of such visa is extremely rare, if you do not have this special for scarce resources, Lenovo looks impossible.
Lenovo creation and development of Hong Kong made such a significant contribution to the technology transfer company, then "mission accomplished" was. Not only from Beijing Lenovo technology, products and inputs of intangible assets, the Technology Transfer Company as Zai registered in Hong Kong's "中 funding" units of Lenovo in Hong Kong to create and development, provide a little-known to help, say yes Lei Feng partner type is not an exaggeration. .
IV. Hong Kong Lenovo performance cannot be attributed to foreign investors.
Hong Kong's Lenovo as the AST agent, mainly by the end of the market Beijing Legend of Paul. Lenovo's PC card business in Hong Kong, but also by Beijing Lenovo technology, human resources and technology transfer company of the loan, to support up. Lu Tan equal businessmen familiar with Hong Kong's investment environment and market rules, although in the management and marketing contributions, but they are not familiar with this business is far from satisfactory. It was observed that, if requested to do a Taiwanese motherboard company managers to manage, Tan Ping Lu definitely be taller than good. Later 1996 - 1997 years, succession of huge losses in Hong Kong Legend (up to 245 million Hong Kong dollars) with Liu also publicly criticized Lu Tan Ping did not manage the company's capabilities. .
Then calculate the company was renamed as the Lenovo Group, as at the end of 1995, the Association's performance is mainly provided by qualified personnel, Chinese Academy of science and technology achievement and industrialization policies. Of course, have to rely on the Beijing Association of credit and loans for technical transformation, which has become history without explanation.
5, listed in Hong Kong is to promote the private associative transfer strategy. .
Hong Kong Association for three years in the Middle, with a primary listing in Hong Kong, critic of the weakening of State-owned shares in proportion to and from the competent Department of monitoring and promoting the process of State-owned to a private.
Hong Kong is a sound company law, according to international practice to run the capital markets. Listed companies, decision-making, management, financial supervision, funding must be invested in accordance with the shareholders and holders of equity to determine. Shareholders to share the profit according to equity ratio, to take risks, has become self-evident common sense. .
Hong Kong Association of original ownership structure is two State-owned Chinese companies holding (67%) if such listing or owned. To this end, the critic through the capital increase on ownership structure has.
A state-owned assets holding company, according to China between 1992 to 1996 restructuring the economic system into a "private" enterprise, there is no precedent. Private enterprise is only the private, foreign investment categories, the time-tested policies and regulations to allow "private" class enterprises and joint ventures but not holding state-owned enterprises. State-owned enterprises must account for large shares in the joint venture, palm real power, the partners have injected cash (including foreign exchange) a fair share of the equity shareholders, foreign or private enterprises to operate the joint venture contract management, are also required to declare and obtain a special case government approval. .
Therefore, to allow foreign business, management, Hong Kong, only to increase foreign investment holdings of shares, and the Beijing Association makes the right, authority, to allow foreign companies to exercise the equivalent of the "Contracting" private right. Who sticks, whose company cut? Ma for private plans can borrow our shareholders, to the State to the preferential policy, use the people do not understand the skill and the Hong Kong stock market rules of the game, to promote Hong Kong stock market.
Six state-owned shares reduction targets technology transfer company. .
The State-owned shares in the stock market over the same period last year. Back in those days, held at the Hong Kong Association of State-owned corporate shares, of course, the Beijing Association and skills transfer company. By contrast, can only choose the technology transfer company-owned shares of the object. Truth is also very simple, because at that time, Mr. Liu Valley book has left the company, to the Ministry of Justice, based in Hong Kong China legal service company, and the Chinese law firm and participated in the Hong Kong Association of market planning and operations. Willow Valley books go in leadership skills and company, a large State-owned assets, have enough strength to promote the Association market. . But Mr. Liu left the valley book, technology transfer companies can no longer care free aid their son, and it recommended in Hong Kong who are charged with responsibility for listing Lenovo, only foresight, not retrospection. Technology transfer company is aware of a listed company, is aware that the listing program, agree to increase their investment, these are books to succeed Mr. Liu Gu something new leadership. .
Later, in the Hong Kong Association of performance criteria have been met, the listing will be listed on the issuance of shares, the most wealthy Chinese technology transfer company, not only the capital Beijing, the capital of Association and local businesses. In 1994, published by the Hong Kong Association listing prospectus records (P.133-134) 1992 October 15th Beijing associative input 9890 million Hong Kong dollars (about 127 million), Lu Tan equal four foreign-invested $ 10 million for enlargement. . The four foreign-invested 100,000 Hong Kong dollars only why to get 208 million shares, the prospectus did not disclose inside information on. .
In this way, the Hong Kong Association in pre-IPO have stockholders, in the form of a half-a-half-owned, small private enterprises. Technology transfer company, although familiar with the rules of the game and cash in skills, but shares (0.15 million) cannot be compared with any of them, shall not be entitled to participate in decision-making, management, it is difficult to obtain the largest shareholder of the insider, become insignificant to a third party.
7, how to interpret the foreign debt holdings in the "sensible, reasonable." .
Aware of the foreign credit status of minority Association found: four businessmen became holding 2.08 billion shares of Regal, Lu Tan ping and its third party shareholders holding 30.819 per cent of the total, plus their positions, and the Beijing Association (38.785%) is the counterpart to manipulate our association management power.
As the prospectus and financial reports over the same period, four foreign funding were not disclosed 208 million shares of inside information subscription, leading to concern the interests of countries and some Lenovo employees require high-level description Reasons. Later, Liu, Mao had Korean and other recognized associations prior to listing in Hong Kong, Beijing, Hong Kong businessmen 5.5258 million U.S. dollars loan associations (43 million Hong Kong dollars) to increase their investment. So that people suddenly realized, offering the book, Beijing Legend (through its wholly-owned subsidiary of the Southern Ming) capital increase of 98.9 million Hong Kong dollars, of which 43 million was lent to Hong Kong businessmen replenishment. .
It was suspected that the shareholding investment, may come from the Bank of China to Beijing Association of special loans?.
Investigation by authorities, said that Hong Kong businessmen of 5.5258 million U.S. dollars loan, neither special loans for the Bank of China, Liu's private savings are not. In any case, the right to lend the Beijing association of foreign money (of course, public funds, and foreign exchange)! Since then, the truth of the documents sealed in the association. After late 1999, Mao had Korean, Liu, Lu Tan equality of people, only some of the inside information revealed to reporters covering them. Excuse for their own coverage, Liu admitted to the basic facts of foreign debt holdings and made a dubious "reasonable," said. .
At that time to cut back on the State-owned shares and using public funds to foreign shareholding, the more difficult. LIU Chuanzhi to achieve the "sensible, reasonable" easier said than done. Later he described to the outside world, allowing foreign liabilities acquired skills transfer company-owned shares held by the grounds generally as follows: "Hong Kong co. is too young to listing" and "in order to mobilize the enthusiasm of the people."
"We have too little experience, if not to hold so many shares lead away, guided far would withdraw cooperation." .
"Technology transfer companies ' deferral ' 30 per cent of the shares had two different share 15% due to the Bank of China and the Beijing Association from borrowed money, so the Beijing Association of Hong Kong to 20 per cent to 10 per cent of the DAW.
So to increase their investment shares after the three were: Beijing Legend lead away 43.3% 53.3% Technology Transfer Company of 3.3% this Beijing Lenovo achieved the purpose of holding "." Guide can take away the company sold to HSBC 5% of the shares in exchange for its loans, which also owns shares of 43.3%. ".
"We checked with the import company has agreement, he holds shares of 43.3%, a risk-sharing 43.3 percent."
For the average person does not understand the three founders of the business association in Hong Kong the nature and credit, are not familiar with Hong Kong's listing rules and domestic policies and regulations, only know through the Hong Kong-listed Lenovo Beijing to raise huge amounts of foreign capital can be. After listening to these reasons, will feel this is so foreign to help us in the introduction of the Hong Kong stock exchange investors. A bit of bait to help our own people let other people catch fish, but also seems to be "sensible, reasonable" good. .
As of now, private enterprises and those of the collective enterprise, is still a vague concept, but who is this beaner?.
8, holdings of foreign debt is still listed on the mystery of Lenovo. .
LIU Chuanzhi, etc. as a State Enterprise Trade Union and the State of treatment, not to the State for equity and misappropriation of public funds for private purchase the original unit, can only help foreign funds used in the name of the "mad money" to buy shares, thus elected foreign as "private" advocate.
After leaving Lenovo Tan Ping Lu frankly, far from the company and four businessmen lead shareholders to vote no funds, no credit loans in Hong Kong, to increase their investment can only borrow money to Liu. Have a document certified, Beijing, Lenovo (Ming companies), and lead away the company (four foreign) in the October 15, 1992 had signed loan contracts, four businessmen were borrowed 43,101,250 Hong Kong dollars, equivalent to 5,525,801.2 U.S. dollars (at 7 .8 exchange rates). By Tan Ping Lu of which 16,801,688 Hong Kong dollars, accounting for 38.98%. This document was September 12, 2000 to submit a number of NPC deputies, Tan Lu confirmed equal amount in liabilities.。 Lend it to four businessmen 552.58 million, how to find and use, from where and when to pay? has the burden of proof. Ability to make debt stock of documents according to the exposure, become a human heart pain.
Those who know the financial situation of the year Beijing Lenovo who know Beijing Legend and its wholly owned subsidiary of Hong Kong, "Ming", not so much foreign exchange savings or profits. Lenovo was in charge of financial power is Liu's wife (OA General Manager). Since October 15, 1992 to Hong Kong listed Lenovo, Lenovo financial sector, has never been submitted to the Board about 5.5258 million U.S. dollars allocated to Hong Kong, foreign reports and documents. Lenovo's Hong Kong public disclosure of financial reports, also did not say Hong Kong investment holding all sources of funding. .
Learn foreign debt stock insider news, some people doubt: this is the only strength of the National Bank. LIU Chuanzhi brother Willow pass current credit Department in Hong Kong Bank of China, Hong Kong Bank of China in the Bulletin of information in support of the Hong Kong Association shares of financial institutions. April 1993, the Bank approved to the Beijing Association of special-interest loans amounted to us $ 30 million for the "import the relevant components, production and export of computer boards." This loan is a good year, but also through good, also also borrow to pay off only when the Bank's statement. . If the book value of foreign exchange, is Lenovo's loans or other "public funds." Only a few minutes to sign and informed opened a loan contract and the relationship between the loan contract. .
In 1993, 28 June, LIU Chuanzhi, Beijing, Hong Kong and Shenzhen Group held its finance work meeting for the Association. Decision: the Conference will be US $ 30 million loan in 1270 million lent "beiming company" (beiming and naming are Beijing Association of wholly owned subsidiaries in Hong Kong), then this $ 1270 beiming 717.42 million to the southern Ming sticks 1270 m 552.58 million ($ 4300 million) loan to Daw (Hong Kong private company) after enlargement, increase the share capital increased to Hong Kong Lenovo 11000 million.
Minutes on the show on Oct. 15, 1992 "loan" and the mid-1993, 4 line "loan," the relationship between the two contracts: "To sort out equity between the North set out the company. From the North that a company undertake original Ming internal accounting work. " Obviously, these two contracts are related only to the "North that" instead of "Ming" only. In fact, such a large sum of foreign exchange, its exact origin and certainly the amount and schedule, from the Legend Group and the Bank on bills and vouchers, it was easy to identify. .
9. those who comment on the merits and demerits?.
Turn back the clock back to the planning phase of the Hong Kong listed Lenovo, Beijing, Lenovo's business backbone, all is based on national administrative, research institutions or state-owned enterprise standard salaried employees, who would ask the state shares, who can spend 5,525,800 U.S. dollars ownership of public funds for themselves or relatives? Thus the association changed to private enterprises in Hong Kong. This is a challenge beyond the ordinary imagination. Dare to think, to do so, only Liu. .
Decided to loan to Hong Kong businesses holding "held its finance work meeting for the" 1993, held on 28 June. Two weeks before the Beijing Association Executive room higher entrepreneurial Conference, in particular, at the meeting to discuss "ready to take out a million dollars from Hong Kong." in the United States, real estate, and his sister, at no charge. The Conference also dedicated to the topic, "about the relationship with the Hong Kong Association." However, at the made no mention of our entrepreneurial associations listed problems, "Supplement" is only one word: "on the Hong Kong Association to strengthen financial supervision". But none of them wanted to invest millions of dollars and significant action to cross their monitoring.
Liu not to have been or will be 5.5258 million U.S. dollars loan to Hong Kong businessmen to increase their investment, will the President get up to discuss the meeting room is "Do not have difficulties."。.
In order to realize the idea of state-owned, foreign-owned only by acting as representatives of non-state-owned assets, monitoring the risks and obligations of foreign investors will fall on the shoulders of policy-makers. If Liu Zong this prison, who then gave him meal delivery? So Liu had to re-assign a person to assume the major responsibility for equity. No wonder talk with past and Liu Zong Liu Ren, etc. to shout: Who painful Liu Zong? . .
To the President of the meeting, who knows in 1992 by 15 October of the loan contract; afterwards, know when to pay them $ 552.58; so far no-one comes out. However, as a Board member of NI Guangnan, MOH Chao, all written instructions did not take part in the discussions on the matter of naming the Board of Directors. Liabilities to the ESOP is too reactive power is, and has nothing to do with the knowledge of the Board of Directors members.
Comrade board Zu-Ming Details:. .
The Finance Department of the Hong Kong Association Slan comrades asked me to nanming company directors in the related file signatures to prove that I did not have any naming company lending relationship, nor does it receive a salary, I checked the word. I declare that I have never participated in the meetings of the Board of Directors of naming companies; I've never seen nanming company's financial statements. If you think what I said is the case, for instructions. Regards! "sign: NI Guangnan, MOH Chao Zhang zu detailed.
10, can not afford private help spokesperson for the fools. .
1994 February 14 listed in the Hong Kong Association, issued 6.75 million. Beijing Lenovo 2.618 million Hong Kong businessmen have 2.08 million, skills transfer company 0.15 billion shares. After listing all of the original three shareholders holding 4.848 billion shares, therefore, took the total share capital to HK $ 11000 is 4.848 million a subject, you can calculate the cost price of each share they are 0.23. After the listing of the shares of Beijing Lenovo 38.785 30.819%, Hong Kong, plus share of investment at the retail level, the Association has had a considerable share of "private".
Tan Ping Lu are from individuals in Hong Kong's largest private shareholder of Lenovo's shareholders, but also members of the Board, the highest annual salary of the manager. Dezhi look down on Beijing after the association sent the management staff do whatever they want. In addition remember that lend money to his holdings of Liu Zong, the shareholders did not appoint the representatives of state-owned assets, paid no attention. Lenovo's shares listed in Hong Kong IPO price is 1.33 yuan, as up to 405 times over-subscribed, Beijing, Lenovo employees and other investors bought shares in the market, the cost price of 2.2 yuan. In short, with four shares held by Hong Kong businessmen than the association founders and employees hold shares, may be negligible.。.
Tan Ping Lu of brilliance, neither money, nor to take risks and responsibilities, suddenly become an equal footing with Liu Zongping the majority shareholder. Ni Guangnan step down in 1995, Hong Kong people think he is basically the final say, unfortunately Lu Fu Tan Ping is the fools could not afford. Since Hong Kong's Lenovo foreign "contracting", the successive two years (1995.4-1997.3) a deficit of as much as 245 million Hong Kong dollars, the company has been unable to finance working capital, Beijing can only rely on the national association of emergency borrow a billion dollars loans to weather the storm.。.
11, foreign contracting became the Hong Kong Legend "hot potato." .
In 1996, the Associate General Agent "AST" business has caused Lenovo sales under its own brand of microcomputer and decay, overseas card business for the second year in a row because of losses. In short, our Association has been impossible to restore its original win profits, 16 August 1996 had fallen to the lowest stock 0.29. At this time of the Hong Kong Association was once known as a "hot potato".
Liu Zong claimed Ni Guangnan in Beijing should "complain" heart in the Hong Kong stock market, and Lu Ping Tan to the disappointment from the loss of control. He knew holdings of foreign debt, no property mortgage, there is no reliable security, no ability to pay 5,525,800 U.S. dollars. At that time, through the period of early foreign loans over, if foreign investors want the market price of the Hong Kong dollar 0.30 per share to purchase shares held by debt, the need for foreign ownership and authenticity must be made public! Foreign stocks will be depleted, not only fat, not big money, but the basic out! State-owned concept is bound to become the initiator of a nightmare.。.
12, Lenovo's second market - with Beijing Legend "integrated" Hong Kong stock. .
Thanks and good luck, LIU Chuanzhi, Lenovo's busy toss "from the State-owned to a private", in 1994, Yang yuanqing, leading turnaround ordered, Lenovo computer aggressively implemented sales and management innovation. Yang yuanqing completely by using the "sales agent" of the new policy supersedes the critic of the "industry direct and proxy distribution combines" the old policy, the implementation of information management, implements the ISO9000 certification, stressed, stressing the development of new models and software development, sales, development, production, services, and so on. In Yang's outstanding leadership, just a few years, Lenovo computer on Board of the Asia-Pacific first throne. . This should be Lenovo's second market, because for the first time in 1994 in Hong Kong Hong Kong-listed Lenovo, already has a listing of fund-raising experience. .
The second listing do? the associative choice, such as:.
1, Beijing Legend separate listing in the country, from the amount of financing terms, maybe this program better. .
Second, in the overseas going on the market. As in Hong Kong to buy the "shell" on the market, buy an overseas company "shell" of the approximately 100 million dollars to the United States and other overseas stock market listing is also good.
Third, the Hong Kong Lenovo bought as a "shell." Favorable conditions, Beijing has long association as long as the suspension of the loan due in the year 1994, Hong Kong businessmen 5.5258 million U.S. dollars of contract, recovery of principal and interest, to 2.08 billion shares in Hong Kong businessmen to 1.9 million shares , it can be the cost price of 0.23 Hong Kong dollars recovered. In this way, businessmen and technology transfer companies have 015 million shares, in addition to about 200 million shares of public stock, it is easier to handle. To do other than buy a "shell" cheap, beating operation.。.
Liu abandoned all conventional programs, innovative in putting out an "integrated" program, that is, not change the association has the "private" share structure, Jiang Beijing Lianxiang healthy assets and public Renke's intangible assets have been Pi Zhu Ru Legend Hong Kong implementation of "integration." On the one hand, this association are also listed for Beijing to raise foreign capital; on the other hand, when the Beijing Legend zenith, Hong Kong, Lenovo has become the "hot potato"; once the "integration" successful, practical business can fully rely on Beijing Legend. This "hot potato" will be re-digested newborn.。.
In 1997, Beijing Legend "integration" into the Hong Kong association, Liu turn the tide of private equity saved, and finally passed by the association from the state to run the most decisive pass. .
13. in the cleared in the integration of Lenovo rebellion.
"Integration", on behalf of the Board of Directors of the Chief Engineer of scientists Ni Guangnan, who suspected the value of the benefits given to state-owned assets holdings of foreign debt, calls for an immediate redress for "debt holdings" fictitious ownership structure. He said, "hurry back to Lenovo is investing heavily in Hong Kong, will inevitably cause the loss of state assets to continue." His voice did not break through the steel walls of Liu Zong set, but was isolated in the "integration" outside. This is said to delay the "integration" the best time, causing significant losses to the association. .
This is further to the ESOP foreign liabilities, again to foreign "gangu" blood transfusion. Entering Beijing Association of fresh blood-money's real assets and attracted the attention of the intellectual property rights. Hong Kong Association gold per share, net worth and income, instant expansion together.
When Lenovo's shares in Hong Kong in 1996 fell to 0.30 Hong Kong dollars / share, it seems to have been "guessed" The Coming of the "integration" effect, took the opportunity to buy in Hong Kong, a large number of low-priced Lenovo stock, which they later became a well-known or anonymous rich man. To know, Lenovo's shares rose from the lowest point of the highest point (March 6, 2000 reached the highest price per share of 70 Hong Kong dollars), value-added rate of as much as 233 times! Of course, this bull market can be expected to have the foresight, should include "integration" of policy makers and executors. They take this as a bet, put the hard work other people do not know, take extraordinary risks and responsibilities, should be rewarded. .
. .
"Consolidation" makes many people realize the dream of an overnight, and the number of the stocks fortune, has become lost in the news and the new version of the legend in the history of the past. According to the "trade", there is a speculative profit from millions of success and experience, never want to go "technology, industry and trade," going back. In opposition to the ESOP foreign "liabilities" NI Guangnan eviction, Lenovo to abort the creation of integrated circuit design center and the development of the PBX enables computer and communication integration process, Lenovo's "Manager" and many technology elite also evaporated.
Become a millionaire, millionaires, billionaires of associations of people, one by one in the press and screens to show "private" entrepreneurs and courtesy, the electronic calculator stock inventory of the ups and downs of daily cash deposits and balances. Such as Lu Ping Tan proud of the rich Hong Kong businessmen to "private" private agency that is listed by the company to pursue private profit. Left the state's supervision, more difficult to cover up the assertive instinct. .
14, Lu Tan ping debts after millions of multi-millionaires.
1997, "integration", due to negative public funds to the Hong Kong debt, holding private shares in the top-level internal exposure, has withdrawn from the Hong Kong association management. At that time the stock market over the issue price, continued to rise, they just sell a small portion of stocks can pay off the debt. Reportedly, Liu Lu Tan Ping was forced by the 1994 issue price of 1.33 yuan per share to debt repayment. WU Li Liu Yi do not listen to the scare, the 2 yuan per share, debt Shihai Lenovo.。 They resigned from the Hong Kong Association for isolation of total job duties, but has become a veritable, enjoy shareholders.
Liu Ren was the "knowledge Hero 2.0" book, so businessmen who reported: "Lu Ping Tan left the association when sold two thousand shares of Lenovo's shares, Liu also lent him money. Another Apart from the new venture capital firms to open much-needed money, the Lu Tan Ping has not sold his shares in the hands of the association. Therefore, Lu Tan tie has been holding 7000 shares of Lenovo stock, according to the current market value of 3.5 billion Hong Kong dollars " . .
The book also wrote, Lu Tan ping not only luxury apartments, luxury car, and $ yacht is worth hundreds of millions. According to this projection, the other three businessmen or LU Tan ping, or under which, as millions of wealth. In short, total foreign-owned assets used to prepare pizza pie, "and" ten life also. Total for four local businessmen to abandon the operation and management, and how to use the "private" to control the State-owned enterprises?.
Lu Tan Ping points to the true meaning of state-owned, he said: "I remember Liuzong have something - listen to the views of the majority, and a few people to discuss, the last one person - and I absolutely obey the leadership of ... ...." Foreign investors to obey the leadership of Liu Zong one person, who does not obey or not obey to get rid of the Group, the private sector the same about the boss. State-owned enterprises by foreign investors on the prospects of such shares issued number, background reflexively defer to the private debt was. .
15. Lenovo "warrant" pales.
When our association through "integration" completed the change from state to private, Beijing Lenovo as a "state-owned" major shareholders of listed companies, also began joint-stock reform and partial privatization. Later, for approval of the association's "options" program, according to this program, employees can be divided into Beijing Lenovo Lenovo 35% of the shares. As a state-owned enterprises, employee stock ownership can do to rare.。 It is reported that the total shares held by such as: LIU Chuanzhi 1026.6 million shares, MOH Chao 408 million shares, Mary Ma 1907 million shares and options are: 672 million shares, 460 million shares, 400 million shares (excluding their holdings of stock digital number). Count down, "State-owned go private" Commander-in-Chief paliurus himself only 1698.6 million shares, and as a "private" advocate of the four Hong Kong after net debt remaining 7.04 million (according to stock a four after computation), than the total number of 40 times! "-owned paliurus hardships to private", in the end be four local businessmen.
16, switch to the private beneficiaries of state-owned. .
For the purposes of a listed company, decision-making authority, supervision, their enterprises and property right and benefits or parts thereof on administration, business and financial control, set to a person with the right of the sovereign. The critic, a private-owned go big advantage is that he can become "the" absolute authority. Such as Lenovo's "share", who brought the number of shares by the critic. Historically, Lenovo's internal employee to the old one "entrepreneurial separation", by LIU Chuanzhi determine, from the score highest LIU Chuanzhi, NI Guangnan, had been drained off. . Zhongguancun in 1994, the company to sub-group of the East Area Housing (Ni Guangnan Chinese Academy of Sciences in 1992, he was amply rewarded when to award to a suite, not to participate in housing allocation), at the beginning, is sort of allocating housing Liu, Li Qin, Zhang Zuxiang ... ... has Maochao not eligible for housing allocation, and his wife, Hu Xilan only discharged to seventh. But the first half of 1994, Liu appealed that after Ni Guangnan (estimated Maochao had revealed to him) to have Maochao become special care. He suddenly decided to have Maochao housing allocation, and discharged to the third, originally intended to Zhang Zuxiang set of points given to the ward had Maochao.。 Ultimately, the critic of the original does not have the "separation" of entrepreneurship, a great "warrant". The original top "venture into" NI Guangnan, expelling. This reward is, of course, only in the "private" enterprises. Our newspaper has been published, the MOH Chao Liu, Li Qin, Mary Ma et al., in the Hong Kong stock market stock cash amount. If the report turns out to be true, they are multi-millionaires. LIU Chuanzhi also inadvertently disclosed their speculative Lenovo stock liujia secret, claiming that saved a lot of money. . Fortunately, through the Road Deep investors do not see this group of messages, see the reports of people without stocks. Otherwise, I do not know how many people would like to Liu Zong for help, ask for advice, take Scriptures. Fried, president of listed companies to follow the stock, and the Treasurer as a partner to do business as simply share God. But Liu Zong said, "save a lot of money," the only Liu family, because willow family association in Hong Kong and Liu Zong's selfless dedication, especially the lowest price for the association to join in when the only newspaper in this phase. .
17. on behalf of the "State" and "private" Chairman of the Board of Directors.
Private transfer from the state in the association process, the Chairman Mao had played an inestimable role in the DPRK. Director of the original calculations had Maochao as national institutions responsible for state-run enterprises and shares held by investors bear the responsibility for supervision, had a few run by the chairman or the joint venture, including ICT, Lenovo, vibration and more. Zhongguancun was known for the "two-pass both the sea" (Stone, ICT, Kehai, Beijing Hai) in which the "ICT." It is calculated with one-third of the shares of ceremonial plants, Haidian Agriculture, Industry Corporation, the investment company set up one million yuan. The company's chairman was once Maochao, scientific instrument factory Jin Yanjing president.。 The MOH Chao said, I don't have a tube, I performed a "whatever it is." No, not in the book on your salary, bonus, and no responsibility. The staff is of the view that, in these companies, he supported the vibration, the people said Chen-the MoH is the "son" and he really got his son placement in vibration. 1992 Rio cover a "research" (that is, the Academy of Sciences South Road, no. 10, former Association Headquarters), although that Lenovo is much greater in vibration, but still let the MOH Chao Chen and Lenovo split up the building. The "vibration" is in the Group and the company's immediate calculation of the ownership of the enterprise. . Vibration in the value of the Group to the United States two million U.S. dollars of products (fluorescent starter), because they did not meet the requirements of U.S. customers by the court seized. Lost to the drain, causing the company insolvent. Responsible for the import and export business on behalf of vibration in the group manager of the Permanent Mission of the United States is once Maochao son. Have been confirmed as chairman of the last pipe of the vibration, the calculation of the vibration in the loss of so pardon the "original sin." Lenovo (1984-1989 is calculated by the Company), has Maochao also titular chairman until June 1995 but was dismissed Ni Guangnan associate director, chief engineer until 10 years or association board of directors has not held a meeting.。 MOH Chao don't participate in association with basically every year there is only one exception, that is the end of the party. At this point, the critic as Chairman of the Board took office, he has been invited, and Liu was comfortably sitting in the audience to head melon seeds, see program. Thanks to this "Grandma" enlightened "," Liu was able to implement the Association from the transformation of State-owned to a private. Acceptable total House, stock, and, of course, has become a total group can discuss one of the few people, of course, you want the total. Total access to the absolute obedience to the Chairman of the Board, you can point at. . .
18. at the "walking" Grandma "enlightened".
Mao had not only to the DPRK, the clever "No matter", and is good "high-wire act." He knew "from the state to run" full of risk, and therefore always remain a good way out for themselves. In the first half of 1994, Ni Guangnan found problems debt holdings, according to organizational procedures internally reflected. First of all, is chairman of the board had to find Maochao, he encouraged Ni Guangnan appealed. Initially, Ni Guangnan that lend money to Hong Kong businessmen are damaging the interests of associations, the knowledge is not an exaggeration.。 Thus, "the critic sent to prison" of the original should go towards the MOH. Later, they then MOH on NI Guangnan said that he associated with pre-IPO in Hong Kong and met with Mr Willow Valley books, asked: do you want to associate the listing in Hong Kong for China technology transfer company, Mr. Liu said "no". This makes the NI Guangnan, willow in this play a key role. In the removal of the General Assembly held in NI Guangnan (30 June 1995), and the first two days, he has to take care of NI Guangnan lover, called her attention:, etc announced NI Guangnan removal, don't let him commit suicide. After the meeting he had not yet been made and NI Guangnan "." NI Guangnan also often go looking for him, tell him to go. . Because they have never participated in the activities of the Southern Ming, and now suddenly want to sign, not sure what snake oil medicine? Has been cautious towards Mao, went to the office to discuss Ni Guangnan. They think: Liu Ming lend money through Hong Kong businessmen, and if he says this is the decision of the board Ming, then we can not tell, we want to prove something not involved in the Southern Ming. When two negotiation, it sent a fax to Hong Kong, Zhang Zuxiang points, said: Though we as a company director Ming signed his name in the paper, but "never participated in the company's board of directors Ming", "never look at reading Guo Ming the company's financial statements ", please Zhang Zuxiang be confirmed.。 It can therefore be concluded that in the event of a "State-owned to a private" flawed, Mau Cho will be safe. From the "communication" and "vibration" to "Lenovo", three permanent Chairman of the Board that had been made towards liberal Mau-in-law's reputation.
19, concluding remarks. .
Since renamed the Lenovo Group of the company since its establishment, the State investment much tangible and intangible assets, to recover the revenue and profit, documented. Lenovo Group raised funds, formation of intellectual property and the creation of real property, whether for who to sustainable development, growing from day to day?.
Please read the details of China Economic Net http://mruanruhui. . Blog. . Ce. . Cn Economic blog http://yuanruhui. . Blog. . Ce. . Cn. .
Category: Education. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Institute of Industrial Economics Chinese Academy of Social Sciences researcher Zuo teacher training seminars newsletter. .
A, reflection of national industry – take a look at a little-known associative.
1, how to develop the national industry? Left teachers continue to raise a claim, to develop high-tech enterprise "technology nation" "technological power," he believes that the development of high-tech enterprises, can not engage in privatization, the original privatization of state-owned enterprises engaged in high-tech after the destruction of a country national industry. .
2, left the teacher tells the story of the legend group that break the myth, the critic of fabricating a clear understanding of the Lenovo Group lessons from success and failure, take the national road of enterprise development. Study finds that left the teacher Lenovo Group actually go and critic of the mythical "associative way" is not the same as it was originally known, later on error evil ways – is the critic of the mythical "associative way" and its logo is owned by damage to implement powerful privatization and its further development, and combating NI Guangnan, academician of the.
3, left teachers pointed out that Liu myth "Legend of the Road" wrong in two ways:. .
On the one hand, it suggests practical through development made the error description, distorted the Lenovo group development in many of the basic facts; on the other hand, it is an error in the high-tech enterprise development path, follow this road development, only China's high-tech industry development-oriented. This error is closely together: the development of high-tech enterprise is based on an erroneous proposition Lenovo actual development path distort description to justify. This combination of the two errors are concentrated in three key points:.
First, the growth attributed to the Lenovo Group, based on commercial sales of "Mao Gongji roadmap" and advocated taking "Mao Gongji" Lenovo stove to develop this high-tech enterprises;. .
Second, advertising becomes a private shareholder of "privatization" to promote the rapid development of the Lenovo Group, advocating forced on high-tech State holding companies to implement the "State" and "privatization".
Third, promote the association can not grow from the sale and financing of the Hong Kong businessman, claims by foreign businessmen, sales and financing channels for the development of high-tech enterprises. .
4, left the teacher reviews Lenovo Group the.
November 1984, Chinese Academy of Sciences of Computing founded, Wang and General Manager, Deputy General Manager Liu, Ni Guangnan any engineer. In the early stage relies on calculations, the transformation of the scientific and technological achievements, was the main product is the LX-PC Lenovo Han card. .
In March 1988, the company Ma said to "Lenovo hanka as unmatchable product, as the main item, the entire sales".
November 14, 1989, calculate the company changed its name to Lenovo Group, the establishment of the General Assembly President Liu said: "Lenovo Lenovo to develop a character system successfully started and nickname of the" Group formerly "technology Trade and Industry has formed a three-dimensional structure" ; calculate the company "in the Beijing Experimental Zone New Jishu developed more than 700 high-tech enterprises fist products ... and the ... to succeed as the most, is the only scientific and technological progress, Guo Jia highest award of companies," Liu Zhe Xie Hua itself indicates the year, Lenovo is Kao "Technology and trade" rather than "Mao Gongji" started. .
In 1990, Lenovo introduced by NI Guangnan chaired the self-developed Lenovo computer, access to the market success, creating a Lenovo today achievement Foundation.
In 1992, Ni Guangnan began to develop program-controlled switches, network cards in 1994, to obtain. .
In 1995, the Chief critic of undo NI Guangnan, constantly create difficulties for the Lenovo internal PABX and chip development, forcing these technical experts from Lenovo, Lenovo technology research and development has slowed.
In 1999, Liu put his approach to line up high, said chief engineer of the Soviet planned economy based system poison. Lenovo limited to computer over a decade ago began production and sales, fierce competition, loss of development potential, is now reduced to the point where the performance by the Government Procurement support. .
In 2002, Yang yuanqing, Lenovo Group CEO thereafter, think back to the development of "trade routes", proposes to do the "International Association, Lenovo, the Lenovo" technology, the technology to engage. But since 7 years delay, this enterprise technology accumulation is not enough, recently had to focus on the development to production and sales on a Lenovo PC. Practice has proved that "African tech" line is the decline of the enterprise.
5, privatization and reliance on the story of Hong Kong businessmen, left to teachers about this scam. Liu presided over Lenovo Group to lend money to a Hong Kong business and then there is no credible Lenovo shares through their investment in 1992 as a private shareholder, neither the risk nor the strength of the development of technology is completely seated in white make Beijing Legend money. .
6, lectures, teacher with enthusiastic friends left to continue exchanges and consider writing articles published, LIU Chuanzhi lies to everyone a clear understanding of how to walk the national industry, how to deal with competition from multinational capital.
Second, "Lenovo's way," wrong. .
(A) of the 1990 's, along with the Lenovo Group status throughout the economy have become increasingly prominent, Lenovo had entrepreneurial reputation leader also gradually rise. Around entrepreneurial individuals with a series of myths gradually spread the kailai, these myths in the critic described as extraordinary business to legendary figures, but also according to set aperture and critic describes a mythical "associative way".
(B) "Mao Gongji" development line error. .
1. first, the "African technology roadmap."
The so-called "Mao Gongji" development line is to operate based on a property transaction of business, to sell other companies products to promote the enterprise product and technology development. "Maogong Ji" and "Technology and trade" development line is diametrically opposed, "Technology and trade" development path based on the enterprise technology research and development to boost production and sales. .
Lenovo such high-tech enterprise of course should go "trade development" road. However, in 1998, the critic is openly advocating Lenovo to go "online" technology development routes around the myth of the critic of Lenovo growth as go "online" technology roadmap success stories in the media hype that Lenovo sold by 20 million funding for Skate, started selling TV.
This is the first Lenovo distort the actual growth process. Lenovo Group, in 1989 the company changed its name from the CAS Institute of Computing from, CAS Institute of Computing was founded in November 1984. 80 well-known 20th century, half of China's economy know that when a property transaction of goods although there is room for profit, but has not making a fortune by reselling skates. Lenovo said in that environment by 200,000 yuan of funds to sell skates, the rapid development of color television sales growth, in order to portray a country with extraordinary Liu to the legendary business figure. .
In fact, Lenovo Group growth is "trade routes" has developed successful models. The company initially was Wang, General Manager, the company was founded, and indeed some people want to sell skate, also in the salesroom hanging a pair of fraudsters and Wang and immediately met criticism, Skate only hanging down one day.
Calculations is the calculation of the 11 scientific and technological personnel, the establishment of one month, Wang and other invited as chief engineer Ni Guangnan. In the early stage relies on calculations, the transformation of the scientific and technological achievements. Calculated by the first half of 1985 sales catalog is the first LX-PC Legend Chinese-character card, the other 28 are also calculated by the results. At that time, the Legend Chinese-character card has a strong character to deal with computer functions, to meet the urgent needs of the market. Associative character system by the end of 1988 won the State Science and Technology Progress Award. .
The company was founded after the first three annual to annual average 500 per cent annually, in 1987, the output of nearly 100 million into the ranks of Zhongguancun large companies. In the calculation of the company was founded after the first 3 years (1985-1987), light Lenovo hanka itself accounts for company's product and profits of 38.1 and 45.6 per cent.
March 1988, Liu said to myself, calculate the company's "Legend Chinese-character card as competitive products, as the dragon head from the distribution." .
In 1988, the company began selling AST microcomputers, but this business of "trade" rely on the attached Lenovo hanka-driven.
November 14, 1989, calculate the company changed its name to Lenovo Group, the establishment of the General Assembly President Liu said: "Lenovo Lenovo to develop a character system successfully started and thus named" Group formerly "technology Trade and Industry has formed a three-dimensional structure "; calculate the company" in the Beijing New Technology Development Experimental Zone more than 700 high-tech enterprise ... ... to become the most competitive products, the only national scientific and technological progress is the highest award the company. " Liu then these words speaks for itself, Lenovo Group is relying on "Technology and trade" rather than "Mao Gongji" started out. .
In 1992, the Chinese Academy of Sciences issued a rewards to Lenovo Group and Chief Engineer, also affirmed the Lenovo Group, "scientific and technological achievements" in development "as a trade integration-oriented industrial group" road.
Just before and after changed its name to Lenovo, Lenovo's chief engineer Ni Guangnan developed under the Lenovo computer. This research began in 1988, launched in March 1989 Lenovo Q286 computer (motherboard) Lenovo 1990 series of computers in the domestic launch, all the success in the market. Developed computer successfully created the foundation for today's achievements, Lenovo. There is no "technical and trade" development path, there will not be today, Lenovo. .
We can only from the perspective of Lenovo sales performance to illustrate the development of technological progress to determine the significance of the legend (legend group sales).
1985 to 3 million yuan; in 1988 to 100 million 9 million yuan; in 1989 to 400 million yuan; in 1990 to 400 million 9 million yuan; in 1991 to 700 million 5 million yuan; 1.7 billion in 1992, 67 million; 3.0 billion in 1993, 15 million; 4.7 billion in 1994 to 6 million yuan; 6.7 billion in 1995; 4 7.7 billion in 1996 to 10 million yuan; 1997, 12.5 billion; 17.6 billion in 1998; 20.3 billion in 1999; 2000 28.4 billion. .
In 2000, the Lenovo Group is split into the "legend" and "digital" two stock corporations in Hong Kong, from "lianxiangkongguyouxiangongsi" holdings. This Lenovo Holdings Group sales, in 2003, approximately $ 38 billion RMB.
Combined with Lenovo technology to examine its sales growth path, we can see, every time the technical development on Lenovo major breakthrough, it will enter a peak in sales growth; grow on every significant breakthrough in technology could make the Group occurred about 5 years of high sales growth. .
Lenovo business soon after the introduction of Lenovo hanka and drive the AST computer sales, which makes it possible for 1986 and 1987, Lenovo sales growth of 4 times per year; however, subsequent growth began to decay: the 1988 and 1989 sales growth of only 1 times, respectively, in 1990, sales growth is less than 25 per cent.
At this time, Lenovo Group in 1989, independent production, sale and export of computer boards, introduced the Lenovo 1990 series of computers. The two major technological breakthroughs, particularly the introduction of Legend series computer, re-substantially increased the sales growth rate Lenovo: Lenovo Group's sales growth in 1991 rose to more than 50%, in 1992 more than doubled to reach , 1993 and 1994 are all above 50% until 1995, only to drop to more than 40%. .
The growth in the Lenovo Group, and the history of these technological breakthrough compared to sales growth, significant stimulus only once, that is chaired by Lenovo PC Yang yuanqing sales driven by sales growth for the entire group. Yang in 1994 under the auspices of the Association of computer sales, 1995 to 1999, Lenovo sales annual growth of 1 times. PC sales growth, sales proceeds quickly so that the computer has become the Lenovo Group sales, the main source of income that the downturn in 1996 to 20 per cent sales growth has increased to more than 60 per cent in 1997. . .
However, Lenovo Group growth histories or instructions, high-tech enterprises and development, we must go on "trade". The success and growth of Zhongguancun high-tech enterprises, is its own special technology, and the "trade" line. If stone rise against Chinese typewriter, founder of Chinese growth depend on typesetting system, and a giant undertaking by Han-card system, Jinshan and growth depend on Chinese UFIDA software applications.
For the high-tech small businesses, there is no support for scientific and technological achievements, to simply as "Mao Gongji" approach to business is not possible to make big. Letter of the last century through the mid-80 Lenovo Group companies than large but it lack of technological outcomes supported, Qitujinjin Yong Xiao Shou profit computer to develop "a small supercomputer," Bujiu problems off the market. Stone company obsessed with the "diversification", refused to make great efforts to further develop their own unique new technology products, and end up 3 streams companies in Zhongguancun. .
LIU Chuanzhi "African tech" line is also detrimental to the Association. Originally, NI Guangnan already in 1992 began to organize research center, 1994 Lenovo PABX has achieved; it developed into a second computer, the second part of the Association. NI Guangnan has designed chip, in association with hanka, computer and laser printer in the application. However, in 1995, LIU Chuanzhi revocation NI Guangnan Lenovo Chief Engineer jobs, while at the Lenovo Group Chief Engineer positions in the revocation. . Liu 1999, a further rise abroad his approach to the line height, design engineer, said the Soviet planned economy system poison. Lenovo limited to computer over a decade ago began production and sales, fierce competition, loss of development potential and now fallen by the Government Procurement support the performance stage. .
In 2002, Yang yuanqing, Lenovo Group CEO thereafter, want to return to the "trade" development line, to be the "International Association, Lenovo, the Lenovo technology," and then to technical Rd, and Lenovo technology research and development investment has grown to more than $ 1 billion per year. But since 7 years delay, technology backbone loss, this enterprise technology accumulation is not enough, recently had to focus on the development to production and sales on a Lenovo PC. Lenovo PC production nor more than ten years ago that on your own unique design, production outsourcing to Taiwan manufacturers, and then paste the Lenovo brand sales. . .
2. Lenovo Group business performance, can only prove that the "African technology roadmap was not successful".
Lenovo to "Mao Gongji" line, two landmark events: one is the associate chief engineer in 1995, Ni Guangnan posts removed, and the other is made public in 1998 Liu, "Maogong Ji" is the association should take the road of development. But to this point to test for the two time Lenovo Group sales growth, we can draw is not conducive to "Mao Gongji" development line judge. .
LIU Chuanzhi 1998 formally proposed a "roadmap" of trade and technology, the Lenovo Group from 1998 to 2003 five years only middle-aged sales increased by 1 times more, that from 1993 to 1998, five years, Lenovo Group annual turnover has increased by nearly 5 times. The two 5-year Lenovo Group's annual sales increase of values are not large but 1998-2003 the cardinality value was 5 years is almost 1993-1998 the cardinality value 5 years 6 times.
In 1995, Ni Guangnan was revoked marks Lenovo Lenovo Chief Engineer position began to abandon the "Technology and trade" development path. In 2003 after 8 years, Lenovo Group sales increased by less than 5 times, and before that 8 years, from 1987 to 1995, Lenovo Group sales increased by at least 60 times! In the decade prior to 1995, Lenovo Group, with annual sales growth rate only in the two years 1990 and 1995, less than 50% in 1995 after eight years, but only in the year 1997, more than 50%.。.
Indeed, after 1995, Lenovo firm size is much greater than in the past, growth is much higher base, which makes Lenovo sales continue rapid growth difficult. However, in order to explain the sharp slowdown in growth in sales of Lenovo Group is not sufficient reason. Fellow Chinese-run Taiwan's Hon Hai, in the 20th century, cut into 80 computer Yong cable assembly areas, in 1992 Touzi Guangdong precision Zujian Factory, 1999 Cai into machine areas of production, while its 2003 revenue topped 12 billion U.S. dollars.。.
3, profit changes from case to see, "Mao Gongji" development path is to bring significant harm to Lenovo. .
In 1996 and 1997, the Lenovo Group Holdings HK (Hong Kong Lenovo) consecutive losses near 2.5 billion, due to the Hong Kong Association of Lu Tan ping purchased and accumulated too many integrated circuit memory, but the last two years, the semiconductor components price crash again (this time the prices of the Asian financial crisis of threatened) Lu Tan ping, the Hong Kong Association of computer card export business, he wants to sell card at the same time tying it from another enterprise purchase to storage in order to increase profit. This is typical of wish to rely on transfers money but lost a lot of money for example.
In recent years, Digital China, Legend Holdings subsidiary appeared on the huge loss of 100 million yuan. Information industry people in the industry believe that Digital China has not drawn up their own core technology, but for other large companies for distribution business, so far its distribution business still accounts for more than 80% of total revenue, is a typical The sale for resale "big" companies. This high-tech trading company would pursue high-growth, a huge loss not surprising. .
It is Lenovo's own practical experience have proved that the "technical" line is the Ministry of trade and the high-tech enterprise of the decline.
(C) is a private shareholding Lenovo ruined the road. .
Beijing Lenovo Group was attached to the Academy of State-owned companies. However in April 1988, and State-owned subsidiary of China Council for promotion of technology transfer Corporation (technology transfer company) and the Hong Kong Daw company was founded by three firms corporate joint venture – the "Hong Kong" company Association, of which three companies of the capital contribution of $ 30 million, one third of the shares held by the Association of Hong Kong. Hong Kong Daw company is Lu Hong Tan equal 4 bits to set up private joint-stock company. Hong Kong Lenovo nominally AST computer China, but it is significant in the Mainland of Beijing Lenovo sales AST computer in order to protect its sales performance.
In 1992, Hong Kong, Lenovo had to increase their investment, equity capital to 1 billion in 1994, its shares listed in Hong Kong. In 1992, Lenovo to increase their investment in Hong Kong, the Chinese technology transfer company refused to raise capital, the results replenishment into the ownership structure of Hong Kong after Beijing Lenovo Lenovo shares accounted for 53.3%, 43.3% of Hong Kong guide far, only three technology transfer company .3%. Lenovo in 1994, listed in Hong Kong Hong Kong, Hong Kong Lenovo issued a total of 6. . 500 million shares, of which Beijing Legend holds 2. . 1.8 billion shares, representing 38.785%, Lu Tan equal four businessmen held 208 million shares, representing 30.819 percent. .
Obviously, Lu Hong Tan equal 4 bit is in the possession of the Hong Kong Association after listing to Beijing with the largest shareholder of Lenovo contend shares because they were in 1992 in Hong Kong Association stockholders has been with Beijing Lenovo Luncheonette. But in the sticks, Beijing Lenovo Group invests 9,890 million, and Lu Hong Tan equal 4 bits are simply put a symbolic for 10 million. If only the actual investment proportion, enlargement after Beijing Lenovo Group should account for the Hong Kong Association of 93%, Lu Tan equal 4 persons only and technology transfer companies 3.3 percent shareholding. . .
Beijing Lenovo is State-owned companies that lend money to buy Hong Kong Hong Kong 4-bit associative equity, equal to the State-owned funds lent to private purchase of State-owned holding company listed on the original unit (cost-per-share is listed on the issue price of $ 1.33 1/6) of this Act to the associative equity dilution, on the one hand, the Lenovo stock is reduced by nearly half, on the other hand, the State-owned property, each year you can get from the Hong Kong Association of nearly half of the reduction in dividend payments. This is the loss of State-owned property, but also gives it away, State-owned property. . .
.
Injury is one of the main pillars of Lenovo Group, Chief Engineer Liu Ni Guangnan do not agree with the above approach, step by step in accordance with organizational procedures appealed to Ni Guangnan this broken relationship with Liu. Although Liu (in the superior support) overwhelmed the Ni Guangnan, in 1995, eliminating the need for Ni Guangnan chief engineer and director, and in 1999 the Ni Guangnan dismissal from the association, but the impact on Lenovo's R & D has caused tremendous damage .。.
More importantly, Hong Kong businessmen Lu Tan Ping Liu to borrow money in their investment by following his own name has become Lenovo shares in Hong Kong's largest private shareholder, but also members of the Board, the highest annual salary of managers, and is an equal shareholder with Liu. He looked down on Beijing after De-Zhi Lenovo sent management personnel, do whatever they want. In addition remember that lend money to his holdings of Liu Zong, the shareholders did not send representatives to the state-owned assets, paid no attention. Ni Guangnan step down in 1995 after the Hong Kong Lui Tam Ping-Lenovo basically individual words. .
But Lu Hong Tan ping, so just familiar with Hong Kong investment environment and market rules in the management and marketing some experience. He has his principal place of business for the Hong Kong Association – PC card business and are not familiar with. The comment was made that, if a company as motherboard in Taiwan and Manager to manage, certainly better than Lu Tan ping, well done. Lu Tan ping dominate our Lenovo business as a result, the Hong Kong Association in 1996 and 1997 two consecutive year huge losses, loss of 2.45 billion, making a profit by over the years cumulative Association becomes the accumulated losses of over 5 million dollars. Hong Kong Lenovo stock price at $ 0.29 shares. . This is the main shareholder of the harmful effects of private nursing: to understand the major shareholder control of private business company, resulting in great damage to the company. .
Later, Beijing Lenovo Group were another definition of property right resulting another group of private shareholders. This is part of Beijing, Lenovo Group Limited share among group members, and backbone, their share of a stock at a price of $ 0.25 per share. Initially, the Chinese Academy of Sciences and computing have been agreed upon with the Lenovo Group, Beijing Lenovo group 35 per cent of the share owned by Lenovo employees. In 1999, the critic of the NI Guangnan dismissal, Lenovo Group within this portion of the shares in the share split, a total of more than 100 people have pre-emptive rights. LIU Chuanzhi, Mary Ma because the distribution share and become a billionaire, rich. . Lenovo does not expand faster than in the past, but also enjoy a number of government procurement policy for sexual favors like. The most deadly is that Lenovo is no longer a solid technical foundation for development) then, Liu engage in "owned Economy" What is to promote the development of or damage Lenovo Lenovo development? Academician Ni Guangnan September 17, 2004 letter to me said: "Lenovo is the most important innovation made in 100% state-owned enterprises achieved when, and to become 'private' lack of significant innovation after the Fandao.。 But ' State ', the Association has a significant innovation rarely, only 10 years after a second prize of national technological progress. Practice shows, the critic of internecine retreating "addition to the LU Tan equal levels of several billion dollars, the super rich do not help think of high-tech development." Due to new profit growth point not found, Lenovo had 10 years ago has opened up a PC front and other business costs, competitive situation, tiling and more sinister.
In fact, carefully any famous Zhongguancun high-tech companies are discovering that their growth is dependent on the national great help. These companies were initially start with unique technology which, almost all original research institutes and universities in the State (in particular, the Chinese Academy of Sciences, Tsinghua and Peking University) have developed, or even have completed development work. That is, if the Association initially with Lenovo hanka, Chinese Academy of Sciences, Institute of computing research. . In privatization, these technologies successor company does seem to have developed into a weak follow-up technical difficulties. .
Looking back on this period of history, proof of principle: on our country, the State economy and other State-owned resources of the high-tech innovation is the biggest support.
(D) rely on Hong Kong businessmen wrong thinking. .
LIU Chuanzhi myth "the road to" preach, Lenovo, Lenovo growth Hong Kong merchant sales and financing, advocated by offshore merchant sales and financing to develop high-tech enterprise, which is extremely ridiculous, it is also the history of Lenovo real growth distorted.
Lenovo's business in early 1988, a joint venture established in Hong Kong - Hong Kong, Lenovo, Lenovo was indeed played no small role in the development. However, these positive effects couplet remembered, not the normal Hong Kong businessman, but a Chinese-funded state-owned companies - the technology transfer company. Liu Gu, chairman of the company's books at that time, Mr. Liu is the father. The company not only to the Hong Kong Lenovo huge loans, but also for Liu, Ni Guangnan from Hong Kong provides over 10 multi-entry visa is extremely rare. But the Hong Kong association of these "positive role", not so much the role of Hong Kong businessman, not as good as is the role of state-owned enterprises and personal relationships. .
With Lenovo in business dealings with another group of people – Daw company Lu Hong Tan equal 4 bits, they help the Association development as they are associated. Lu Tan Hong Kong really familiar with equal investment environment and market rules in the management and marketing some experience, but their main line of business for the Hong Kong Association – no PC card business experience. Saying that "If a company as motherboard in Taiwan and Manager to manage, certainly better than Lu Tan ping well done" is a very good point. Early in the joint venture is to rely on Beijing, Lenovo, Lenovo Group gave its general position, AST computer through Beijing Lenovo in the Mainland to the massive sales profits. . Lenovo listing in Hong Kong, Lu Tan Ping While borrowing to buy shares by Beijing Lenovo became the major shareholder, still think out of Hong Kong into huge losses, and had left the association management positions. A Hong Kong businessman, is the state-owned assets only account for less expensive and not for any large enterprises to create wealth. Liu also said that even public criticism, Lu Tan Ping no ability to administer a large corporation. .
In order to save the decline, the Hong Kong Association in 1997, the critic of Beijing Lenovo Group "integration" into the Hong Kong Association, Hong Kong and Beijing, Lenovo, Lenovo injected the fine assets and intangible assets, and no change in the ownership structure of our Association. Since then the Hong Kong Association of stock prices in 2000 reached HK $ 70 per share, equal to Lu Tan to borrow to buy 4 million HK $ 2 billion share how much you can earn, you know.
In fact, the state-owned Beijing Legend Group The Ke Yi Zai Hong Kong Lenovo Gujiazhiyou 0.3 Hong Kong dollars to buy their Quanbu equity or when the overdue for Lu Shou Hui Ren Tan's 5.52 million U.S. dollars equity loans, which Zheng He Jin Beijing Hong Kong Lenovo Lenovo. But so will return to the two associations are fully state-owned. Beijing Legend Group can also fight in 1997, the stock market, when China's stock market is in a bull market, Beijing, Lenovo can raise more funds by the Mainland market, investors who can also get a better return on long-term good assets. But this clearly a win-win road Liu refused to go, but insisted that Hong Kong's Lenovo to integrate the Beijing-based Lenovo.。 To say the least, this is to help our merchants at the expense of the mainland people's interests. That is, not the Mainland enterprises to rely on the Hong Kong businessmen saves lives, but rather should rely on the Mainland at the expense of the State-owned enterprises saved!.. property
Why Beijing Legend Group in 1997 have so good assets? First of all there is left Ni Guangnan developed series of computer time, more importantly, the Yang in 1994, stepped in the leadership of the Beijing Ministry of Lenovo computers, Lenovo computers to improve sales and production management. Yang used "exclusively by sales agents," the new strategy replaces Liu, "Direct and proxy distribution industry combined," the old policy, the implementation of drastic sales, management, innovation, and implementation of information management, the implementation of ISO9000 certification, emphasizing service, emphasizing the new development and software development models, will sell, development, production, and service closely.。 Lenovo PC growth facts show that is so big in associative enterprises management and sales on the market of high-tech talent than Hong Kong businessman is nourished by the Hong Kong businessmen saves lives, but rather should rely on the Mainland enterprises management personnel to rescue!.
Review, Liu said the myth "Legend of the Road" are not only extremely harmful to the development of high-tech industry, but also distorts the path traversed by Lenovo Group's practice. We certainly have reason to question, Liu said piece of mythology "Legend of the Road" is how to fabricate them, and who, for what purpose they fabricated the myth Liu said piece of "Legend of the Road"? . .
(5) we do not have a complete denial of the legend group practice, but also the development path to Lenovo. This negative critic of myth that "associative way." But we should go high-tech industry development, should be exactly and critic of the mythical "reverse" Lenovo road: road.
1, - to develop technology development, production and sales of integrated company management, attention to marketing and sales, but these must be based on high technology development as the center-based, must adhere to the "Technology and trade" high-tech industry development line;. .
2. — the State must support high-tech industry, with adequate funding and organizational strength to develop high technology power, advanced technologies, and strengthening the capital management, raises the Fund use efficiency, eliminate waste, in particular to prevent and punish any forms of misappropriation of State-owned property. In on State-owned high-tech companies to implement a private shareholding company transformation, you must pay attention to the ESOP in accordance with the technical contribution, so that the contribution of science and technology personnel press fairly stock to stimulate technical progress, is strictly prohibited in any form of "Executive holding major capital;".
3, - must be prohibited in any form of gratis shares to foreign investors, to prevent foreign investors holding high-tech enterprises in China, only allows foreign investment and foreign enterprises to invest in China's high-tech shares, investment technology as shareholder, enough to pay attention to and from foreign countries foreign-funded enterprises to employ high-tech talent. .
4, precisely for the purpose of carrying out such a high-tech enterprise, we have the correct route to entrepreneurial myths "associative way." Our critical critic of the mythical "associative way" is to eliminate the poison, independent innovation of high-tech enterprise development Avenue.
Please read the details and information network http://mryuanruhui. . Blog. . Hexun. . Com / blog http://yuanruhui. . Blog. . Hexun. . Com /. .
Category: Literature. .
Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal data after you click SkyDrive associate digital public documents and then download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.
Lang did show why Liu scared to death? - Father of state-owned enterprises MBO operation of Liu's capital story. .
Today it seems that opposed the "technological innovation", advocating "African technology" the real motive is critic to cover up his serious crimes.
1, the story of the origin. .
In September 2005, for a long time not set off a wave of lang Professor again, accused of Sichuan Changhong in NI runfeng and Mr. collusion, theft of company assets. Speech of detail was thought-provoking discourse. "I do show in Shanghai, Wang, who. I called LIU Chuanzhi, let him come to Shanghai, LIU Chuanzhi heard was scared to death, said: "is there anything? Oh, I don't, you don't talk about my business. ”。.
See here is, indeed, curious. Many well known that Lang has been accused of DeLong brothers had Down's Department of Gu Chujun Kelon, Haier and TCL's Li Dongsheng Zhang. The former two are already became public, and after the two hit the criminal law can not say, but at least there is a moral flaws. The accused Sichuan Changhong, it also brought out a foreign Liu. I wonder what Lang Professor of gourd selling drugs. .
Want to know what critic has always been very fond of the public display of myself, in July, also in the second set of CCTV "dialogue" programme do show, is the fifth in this program. Media circle of many of my friends said that CCTV nearly their house was, and is a great opportunity to show ourselves, why is "heard was scared to death?".
Novelty holding academic research mentality and enthusiasm, the network search for public information on Mr. Liu. Enlightened, actually made a great discovery to find - the original Mr. Liu called on China's state-owned enterprises practice of the father of MBO. Moreover, "hearing scared half to death", the original head, Mr. Liu has been at least "embezzlement", "Securities false statements" and "manipulating stock prices," the three counts. .
2. Hong Kong capital operation, make them worth 35 million.
10 years ago, also in state-owned enterprises under the mechanism of deformity, fear of Willow Valley, like his father, like the book, to make a significant contribution to the state-owned enterprises but the tragic end, Liu began to plan for enterprise restructuring. Can see that, although there is no business to Liu (Legend of Chinese card industry is the largest contribution to Ni Guangnan, PC Yang's contributions to the cause seems to be the biggest loophole of dry block all kinds of things the company is the largest contribution to Guo Wei), but certainly is a master of capital operation. .
First, in order to obtain the absolute control of the company to ensure that their own position in the company, and equal partnership transcribes Tam Kong businessmen. In order to allow them to become the major shareholder of the Hong Kong Association, so that the State is no longer absolute holdings, in the enlargement process, without the approval of the Board of Directors to discuss privately to $ 5 million loan to Hong Kong businessmen that constitute our Lenovo's "debt stock." And in the subsequent IPO market, yet significant fact make any disclosure.
Second, the association listed in Hong Kong after a few businessmen can not operate, the company shares fell after another, affecting Hong Kong businessmen "cash repayment." Liu once again in Beijing Lenovo Lenovo's quality assets into the Hong Kong, including the Institute of Computing is located in Zhongguancun high cost of land 80,000 square meters of land, so that the market value of several billion of these sites today, as the calculation is the only Chinese Academy of Sciences in Beijing do not own land Institute. .
Subsequently, it is even more simple. Since the mid-1990s, the global IT industry entered a period of growth in the outbreak. Hong Kong Association of stock prices also increased by a minimum cents up to $ 70. Hong Kong businessmen were finally paid off the original 500 million, but also because of a lack of management talent is the godfather of willow and dry. However, cash after Lu Tan ping status has been sitting on $ 35 billion. Of course, the critic of what made them again, you do not know. What also visited the LU Tan flat luxury yacht after Yang heart feels.
Hong Kong newspaper has been published in Liu, Zeng Maochao, Li Qin, Ms Mary Ma, who, in the amount of cash holdings in Hong Kong stock market. If the reports are true, they all are millionaires. Liu Liu also inadvertently revealed their secret family speculative stock association, claiming that save a lot of money. .
3, IBM PC, mergers and acquisitions is Yang yuanqing wedding.
In fact, earlier, Professor Lang has pointed out that Lenovo's defeat in the diversification strategy. This seems to have become the final decision to buy IBM PC Liu motivation. By the end of 2004, Liu desperate decision to buy three years ago, has been looking for home in the IBM PC, continued anti-national brands and international flag. Liu must have the real idea is to have this banner, even if some "historical problem" should be able to cover, even after the merger is not successful, Yang is incompetent, that time still have to clean up my playing situation. .
May not have thought of, 3 May 2005, the announcement of Lenovo, Lenovo 992 holding the Presidency of Mr. LIU Chuanzhi, Chairman of the "Lenovo" Chairman of the Board, transferred to a non-Executive Director. From equity structure, Lenovo holdings (Beijing Lenovo Group) is the Lenovo 992 (Hong Kong Association) is the largest shareholder, but the biggest shareholder of Chairman of the Board are subsidiaries of non-executive directors.
After all, Liu should have "been down" the. According to insider sources within, Liu no longer serve as chairman of our association's decision not the decision of CAS, although CAS is Legend Holdings and the largest shareholder of Lenovo. It is common sense, Liu MBO in practice to open the first of its kind, presumably in the Chinese Academy of Sciences also bought a lot of people, including former CAS President Zhou Guangzhao. The Chinese Academy of Sciences of the subsidiary companies are not currently owned by the State Department's state-owned assets management of the Committees. Such an important decision that what people can make it? . .
4. the public can't distinguish Lenovo holdings and Lenovo, MA expiratory continues in the media on the go.
A very strange phenomenon is the association in May of this personnel change does not lead to the mainland media and public attention. It is good to explain the use of Chinese words are mostly spoken word, a few people can distinguish between "Legend Holdings" and "Lenovo." .
Take a look at the media coverage of the following:.
Chinese entrepreneurs: Another Legend Legend 2005-07-06 16:16:17 Liu can continue to write. .
IT Manager world special report: new entrepreneurial veterans on 2005-07-05 18: 04: 42.
Liu bought the first IBM PC exposed the inside story: Compromise is guiding 2005-07-04 10:03:44. .
LIU Chuanzhi to until 2010 the first disclosure of Lenovo Patriarch successor standard 2005-06-27 07: 21: 31.
Liu still no intention of resign (People's Net - Jiangnan Times). .
MA in Hong Kong's publicity tour, communicate to the outside world for two signals: first, as Lenovo "paternalistic" Liu did not resign on Lenovo holdings of branding has just started, he has put his platoon by 2010; the second, five young seats, "Lenovo" will still be required to compete for the second generation: helmsman.
"Lenovo system" is known internally as "family association" is holding the sum of its five subsidiaries, its representatives are: Lenovo Group Chairman Yang, Guo Wei, president of Digital China, Legend Capital president Zhu Linan, Finance Division ill-president Chen Guodong and Hony Capital CEO John Zhao Huan. .
LIU Chuanzhi completely abandoned the traditional Chinese Enterprise centralized framework for holding's main function was confined to a fixed direction, talent, resources, monitoring and assessment, intervention, a subsidiary of the specific business. Although Yang and Kuo has fame, "long" LIU Chuanzhi it seems that in the selection of the second generation successor of Lenovo, five young still does not distinguish between near and far distance.
Liu: I am not prepared to shift retirement will come out 2005 年 07 月 22 日 15:33 CCTV "dialogue," Liu stressed that the two smiled: "I do not ready to shift." "Actually, we were in the splitting wanted a good time, I retired from Lenovo, I will come out from somewhere else. ". .
For more information please read the bright nets http://blog. .gmw. .cn/u/42473/mature online index. .html. .cyol http://home. .com/? uid-10006687 blog http://yuanruhui. .blog. .com .cn .techweb../..
This article is an excerpt from Peng Yaqing works pseudo: 10 critical book of business by the book has been published by the Publishing House of Zhuhai.
1 -18 years ago That figure playback disease. .
18 years ago, computer science, as its financial allocation will be reduced by 20 per cent in 1985, will also be abolished within five years. Computer Tseng Mau Cho decided to move in and out of 20 million to set up a company in the future, as the "ambush a crack, perhaps in the key role of the time." MA is the "circle" to the formation of the Institute of computing technology, Chinese Academy of Sciences, new technology development company. In 1984, 4 December, the company first appointments, Wang and General Manager of the company, Mr. Sze critic and as Deputy General Manager. The King was the Director of science and technology, is the Deputy Director of the laboratory for eighth. . Wang, Liu, Zhang also all attached behind the appointment of a bracket, the king of the brackets for the "now", Liu, Zhang's brackets for the "of Deputy Commissioner." .
In early 1985, LIU Chuanzhi found NI Guangnan hands have been called the "Chinese card" magic ", who found the NI Guangnan. NI Guangnan "magic" unique is that he's "Association". It leverages the Chinese text phrases and homophones features, set up your own system of Chinese characters. For example, the operations staff play a "remember" things, it immediately appears on the screen "journalists" and "record" and "record" and a series of Lenovo's phrase, and then press the keyboard, it outputs a string of characters. At that time, NI Guangnan has this technology associated with "LX-80" system of Chinese characters, and eager to become product sold. . "Ni Guangnan out is not an official, no meeting, no notice of the three conditions of journalists, with his" LX-80 "to the company were determined to get into..
In 1985, June 25, the first production of Han-cards were sent to Beijing on the day of the exhibition, the computer will harvest $ 3500 cash and 55 million Chinese card orders, the company from top to bottom. In this kind of joy, LIU Chuanzhi, and not only the growing prestige in July 1986 to replace Wang and the location of the King thought the company back to the calculation of the Assistant. At the same time, LIU Chuanzhi dug by Li Qin Deputy General Manager.
Since 1987, the Chinese mass production of cards and proxy AST Computer, the company will continue to deal with Customs and Excise Department. Liu, general manager of the Department of acquiescence and smugglers import and export deal, to buy their hands "stuff" and not ask antecedents. 2 years later, Liu used his own "Lenovo computers" successful take AST Computer and replaced to achieve their "Quxianjiuguo" wish, but how not happy. Because "Gaoyao Ma scientific equipment service company," Trade and Industry Bureau was closed down, its general manager Song Zhe has been suspected of smuggling in Guangzhou Yuexiu Branch of the Public Security Bureau detention.。.
Liu seems to have heard the call of the prison. The shoulders, he's "evil deeds" not small: in order to get through the barriers to sales, to the relationship between household gifts, which he worried the responsibility; to avoid bonus tax, take the check to cash in bonuses to employees, the responsibility He also held a; order to leave the country's foreign exchange control, to take up the yuan to the black market for foreign exchange, this responsibility he was worried. But this time, he doubted he had ever caught the biggest crisis, probably really can not afford to, and pick up a pen to the Chinese Academy of Sciences leadership Liu and Zhao Hu Qiheng wrote a long letter.。 Maybe the thing itself is not so serious, perhaps on the day of national laws is aware of facts which he remained pending. Many years later, MA confession was in public posting, through the lysine private, escape the tax, tax evasion, because if you do not, companies simply cannot exist.
2, "Maogong Ji" is brandished a knife and self-harm? . .
The critic's talk on "technical", the Ministry of trade and industry associations in the domestic market share is subjected to relentless encroachment by Dell, and many existing customers to begin thinking of him, the reason for this is that "we feel like Lenovo's quality is declining," and "no technology legend" has repeatedly become rivals attack target. "Clearly, the fundamental reason is that Lenovo is LIU Chuanzhi ' African tech ' routes exist. It not only distort the history of the Association, Association for development of a serious injury. "CASS Institute Zuodapei spade.
November 1984, CAS Institute of Computing engineers and Wang, Liu, Zhang Zuxiang other 11 founders of Computing Corporation (formerly Legend), the Wang and Liu brains and finally came up with a chance of survival: "the development of associative marketing Han Ni Guangnan card! "A month later, as associate chief engineer Ni Guangnan.。 1989-11-14 February, the company was renamed as the Lenovo Group, Chuanzhi in inaugural meeting: "Lenovo Lenovo to develop successfully and the system was built on a character named" last seen ", the Group has formed a three-dimensional structure" of the trade.
Ni, Liu was not only completely against each other, Ni Guangnan had also vowed to Liu, "told to go to jail." As for the battle of the reasons, Chinese Academy of Sciences in the "About Lenovo Group management team informed of different views of the situation" so Jie Xi: "early in 1994, Ni Guangnan Tongzhirenwei Lenovo internal management Fangmiancunzai problems, put forward on the Juece, employing, 1993 Gongsi Xiaoyihuapo other views.。.
Ni Guangnan was stripped of equity out the door, let people see the whole person Henla Liu, mutation and the result is raised for 10 years, "Technology and trade" line is completely rejected and replaced by "Mao Gongji" slogan. Ni Guangnan removed from the post of Chief Engineer, Chief Engineer Lenovo should no longer functions, the original Ni Guangnan leading R & D centers were all placed under the Division's R & D department, led by the general manager. Huizhou in Guangdong in 1995, a meeting, Liu formally proposed the "Mao Gongji" argument.。 After the acquisition of IBM critic also stated that "the African technology routes to now has come to an end. "" IBM technologies can compensate for Lenovo's short ... ... when we select acquisitions, mainly at IBM notebook. "Just spend so much money to buy others not of industry and technology, the cost is too high.
3, "split" points out the "Future Legend"? . .
In 2000, the critic of the Lenovo PCs and distribution business to make a clean break, the formation of a new "Lenovo" and "digital". In June 2001, digital China from Lenovo stock separated, a separate listing in Hong Kong, Kuo do digital's President and CEO, Yang yuanqing do Lenovo Group President and CEO, LIU Chuanzhi, abdicated to Lenovo Group Chairman of the Board of Directors.
After the spin-off, Digital China is China's largest IT distribution companies, Lenovo kept the title of the Chinese PC market place. However, Lenovo's overall failure to diversify in transition, a drop-lofty stock price; Digital actually be exposed in 2003 first quarter loss of 149 million Hong Kong dollars, Guo Wei spend tremendous finally filled. Eye drop even more, the "split" Soon, they begin to "fratricidal" - Lenovo's purchase of Hampshire, Chile soft hand, full into the IT services; Digital launched the network computer, via the Great Wall Computer, caught killing into the PC business.。 Two young seems to be the critic of reform "is not a mistake," teach forget entirely for various areas of trial and error, trial and error, trial and error.
Well-known business strategy experts Jiang Ruxiang see the danger of this strategy design and passive. However, Jiang Ruxiang view, "When Digital is divided out, the association no future, it does not know to where, and Digital China does not now, it does not know the cash flow comes from. The result is both more come closer, Lenovo must mergers Hampshire this company to enter the IT services, Digital China should cooperate with the Great Wall to enter the computer manufacturing. In short, after splitting Lenovo and Digital China's industrial chain is broken . ". .
Yang yuanqing more than once thundered, "Lenovo got big businesses:"; the former Beijing McDonald's training and Operations Manager, former Associate Deputy Director of the computer market in obviously saw Wu, "Airborne" Lenovo for less than a year left, why is "found it very difficult to be accepted by the cultural association" and that "it is a self-righteous, relatively closed culture." And critic, who has always maintained that "his talent Essentials" Godfather "associative" do not know whether or not to do or see, but because the deep in the mire of realism and opportunism and addicted?, will have to be original "unbundling" pay the price.
4, "Yang Liu Yiyi" only feint shot? . .
In 2001, 57-year-old LIU Chuanzhi decided to place the 37-year-old Yang yuanqing, then back to the scenes, as Lenovo Group Chairman of the "virtual office". This is seen as a critic of glorious era of the most powerful "end" willow, perfect. Especially in the winter IT encountered the "Yang" declining performance, the critic is not changed for him, he appeared several times as a "defence".
Yang did not own "standards" in February 2004 to have some in-depth "review": First, "a bit too optimistic on market expectations, causing target set too high," the second is "China after China's accession to WTO estimation of changes in competition in the market situation ", the third is" own diversity business development and management capacity is very immature, "" on the complexity underestimated. "。.
Yang led Lenovo technical advance to try to change the association "no technology" public image. Rejected because of bad public "Maogong Ji", Yang proposed a new slogan: technology associations, service associations, international associations, the technology placed in a strategic transformation of the first. Lenovo's technical inputs, 8-10 billion in 2002, the level of the total turnover of 4-5%. December 2002 launch of "Legend World" but not remarkable results were achieved Fanzao industry mockery: "Lenovo is also called technology that stuff?." .
Yang yuanqing shortly have repeatedly stressed: "don't let the 3 years later, when people think only about Lenovo PC. "This drive Lenovo to diversified and comprehensive restructuring. Yang yuanqing at fighting with Kuo "," high-profile areas of the IT services market and, in 2001-2002 and implemented a number of large-scale mergers and acquisitions, but the way IT services to IBM, HP has long been hulang, behind the "free-range" Lenovo bitter toss a couple of years, IT services revenue also accounted for only 1% of total revenue. . .
Yang also killed in the mobile industry, but Lenovo has already missed the domestic mobile phone industry to take food multinationals "," golden opportunity "later" Yang can only stand at the edge of the battlefield, look at TCL, waveguides, native teachers and Nokia, Motorola and other giants of fierce fighting, smugglers, and chanting the slogan of the associated. Yang also into the insurance industry software, telecom systems integration, but there is no difference. But at this point, the Lenovo PC base, Dell with its global scale advantages, making it the second PC for China's rise, spearheaded the Jikji Lenovo, IBM, Acer thereafter also gathered a large number of troops. Yang yuanqing was in the "after the siege, the front has a large number of operational difficulties".
Yang at this time, we must think of the association's generous introduction of the Internet portal in 2000 FM365. Because the dominant ideology of opportunism, in the subsequent arrival of the "Internet Winter", the association did not like Sina, search arc and Netease have remained steadfast, chose to exit the Internet to be warming, could only watch others "Big mouth to eat meat," the. Yang had to withdraw across the board, return to the main battlefield of PC to respond to abnormal fierce offensive Dell to consolidate the rear base.。 Critic of this "goodwill" seems to help, but instead Yang yuanqing to Yang suffered a greater challenge – as CEO Yang why not personally speak out? did not dare take responsibility or why the big image Yang started the dwarf. Subsequently, Yang yuanqing to cut their wages, one half of the play. But in the face of the outside world, is still "aphasia" Yang LIU Chuanzhi "appearance". Liu also big on Lenovo internationalized CEO. This might get Liu to four: Yang yuanqing! and Hong Kong, the United States media critic, broke, Yang yuanqing, snow-and so Lenovo senior strategic differences and contradictions. . Lenovo is not smooth in recent years because of the way Liu "abdication" to bring the main body of missing and his "footprint" and form a management vacuum, making Lenovo the strategic virtually "out of tune." .
5, IBM is the legend of hell or heaven?.
December 8, 2004, to 1.75 billion U.S. dollars Lenovo actually won all of IBM's PC business - including desktops, notebooks and research and development, procurement, and the burden of its debt. Lenovo after the acquisition will be an annual turnover has broken the 10 billion U.S. dollars, has rapidly risen as the world's third largest PC manufacturer. .
But investors are buying up – announced the deal on the second day, Lenovo's stock price fell by 3.74%, after a few days. IBM in the New York stock market share price increased by several points. This drops a liter, Lenovo's future pilots. MA in the legend on the world stage, but also to associate to the hell and heaven's door, pushed to the life and death of crisis moment – the pot, then the destruction of the whole army. Although future also need time to prove, but Lenovo existing quality, capacity and infrastructure, it is clear from hell, still far from heaven.
The reason why abandon IBM PC business, is it because PC has become a heavy burden - IBM2004 on December 31 with the U.S. Securities and Exchange Commission reports show the financial situation, their personal computer division in 2001 loss of 397 million U.S. dollars, 2002, 1.71 billion U.S. dollars, 258 million U.S. dollars in 2003. The first half of 2004 has been loss of 139 million U.S. dollars, compared with same period last year expanded by 43%.。 Lenovo is now the Senior Vice President in charge of overseas business qiaosong, but qiaosong and other senior Vice President (Liu Jun, Mary Ma, he said, Yu Bing, Wang rocks) are not in charge of overseas business experience. BenQ Corporation Vice President Hung Yi Hsing even worry: "I suspected associating the talent structure can support large business of the new company. "The money to the" great leap forward "can be bought on the user's heart? because users might think that this is the legend of things, rather than IBM. . .
More difficult to have high-level integration. After the acquisition, Yang yuanqing, Chairman of the new Lenovo, IBM Personal System Division, Senior Vice President and General Manager of Stephen · Ward (StephenM.Ward) as CEO. May wish to listen to the voices of Stephen · Ward: "everyone says ' American competitors too strong, you better do that ', but the focus is on the United States is already a saturated without growth market. . "Yang focus on global, Ward put the hopes on the Chinese market, but do not want to face the PC is becoming the reality of public goods (that is the reason why IBM's PC business difficulties and abandoned the cause), and focus to the media emphasis on "non-management positions, chairman of Yang", obviously not a good sign. and if blindly to "compromise" seek the integration of Lenovo is likely to lose control of the future. By that time, not so much Legend " She Tunxiang, "said IBM shares as Lenovo. because, as the division of the total volume of transactions, IBM will be worth 600 million U.S. dollars in Lenovo Group common stock, which became Lenovo's second-largest shareholder, holding 18.9% of the shares. .
Some paranoid American Futurist scientist Krenz believes that "the top two companies will ultimately unify the entire industry", hard-packed into third place, this is a damn. Besides Lenovo faces, not only is the staff, channel, cultural, financial, supply chain, and a series of any an insignificant detail may be turned over the dish's consolidation challenges, but also a profits getting lower and lower, has touched the "ceiling" of the PC industry. Lenovo? no one dares to optimistic. Liu said that in the decision before the acquisition was not sleep, "doing business as". . .
Thus, we see a waved away by the critic. Us laments his "big" "retire", but it seems to have forgotten that he was the General Manager of Lenovo holdings, Lenovo is just the number of its subsidiaries under the flag of a member. Lenovo's future, and will remain firmly in control in's Zhongguancun ten layers of Lenovo inoftech Park holding hands, just storm, will have a more focused towards Yang yuanqing, Chairman of the occupant. . December 8, 2004, Liu and IBM signed a cooperation agreement in person, but to an almost extreme, crazy gamble to buy "higher" people think they are all worried about the direction for him - to review recent years, many strategies Lenovo would be no errors sufficient international digest? IBM long ago cut off the repeated loss of anxious "PC appendix" will be Lenovo's "straw" or "suicide tasteless"? . .
Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.
