Founded in April 2002, Shanghai Yimei is a small mobile phone manufacturer with total assets of only 200 million yuan and annual sales of no more than 800 million yuan. It entered the mobile phone market under the brand of Nanjing Panda and suddenly closed down at the end of last year. However, the general manager of this company disappeared, creditors came to collect debts, assets were seized, and bad news followed. The general manager is also one of the shareholders of Shanghai Yimei.
At this time, the other two shareholders tried to keep their distance from Iraq and the United States. Shanghai Science and Technology (600608) holds 50. 12% equity of Yimei through its holding subsidiary Nanjing Broadband Technology Co., Ltd., and the other two natural persons, Ma Zhiping and Wu Zhijian, each hold 24.94% equity. In fact, Yimei's equity in Shanghai Science and Technology was also transferred from Ma Zhiping in earlier years.
After Yimei stopped production, Shanghai Science and Technology announced that CSG Broadband, a subsidiary, transferred all its shares in Yimei to Jiangsu Tianchuang of Ma Zhiping for 27 million yuan, and is currently discussing the disposal of creditor's rights and eager to withdraw from Yimei. However, Ma himself said that he did not know about this and claimed that he had sent a lawyer to conduct a comprehensive investigation. The vice president of Panda Mobile even pointed out that Shanghai Science and Technology should also bear the responsibility when Iraq and the United States come to this day.
It is widely accepted that the transfer agreement was signed as early as June 5438+065438+ 10, 2003, but Jiangsu Tianchuang did not pay according to the agreement until July this year, when Jiangsu Tianchuang paid 500,000 yuan. After that, the two sides sat down at the negotiating table again and reached a supplementary agreement, stipulating that Jiangsu Tianchuang would pay150,000 yuan first and the remaining120,000 yuan in one lump sum after 8 months. Delayed repayment requires a late payment fee of three ten thousandths per day, and Ma Zhiping also took out his 65,438+00% equity in Panda Mobile as a guarantee. But then Ma Zhiping's old department disappeared, and Jiangsu Tianchuang failed to fulfill the agreement, still owing Shanghai Science and Technology 26.5 million yuan. Not only that, Shanghai Science and Technology still owes Yimei 56.05 million yuan, and Yimei still owes Nanjing Panda 65.438+62 million yuan for the current period.
After the Iraq-US crisis was known to the outside world, Shanghai Science and Technology transferred the creditor's rights of Shanghai Yimei to the controlling shareholders Sweet and Guangzhou Derun respectively by transferring the creditor's rights and cashing in the equity transfer funds receivable, which threw out the hot potato of Yimei Communication cleanly. Although the two transfer contracts were publicly condemned by the Shanghai Stock Exchange because they were not disclosed as required, although investors were not optimistic about Shanghai Science and Technology's practice of selling bad debts to major shareholders, at least Shanghai Science and Technology completely drew a line with Ma Zhiping in name.