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*****Qing Mei shoe "in the" merger and acquisition debt disputes over (2011-07-21)Summary After the merger of a secretive, xibo in Jinjiang sports products under the brand "PA" stores all of a sudden a lot of close, life experience started since the crisis, has aroused great concern among the industry. recently, the exposure of a merger agreement, this merger and acquisition events gradually to emerge.
"Many vendors on hand the merger agreement, I have no solution, only used it to prove his innocence." Over the past year, vendor collection letter again, xibo in Jinjiang sports goods company boss forest Golden again sit, he had to come to collection letter issued by a supplier of a merger agreement signed on July 11 last year.
Under this copies agreement, xibo log sports supplies limited, and speed Dragon sports supplies limited, is Qing us (China) limited mergers and acquisitions, xibodeng, and speed Dragon transfer all company property (including brand, and monopoly network, and land, and device and the should received payment), claims debt to by Qing us bear. However, subsequently produced of changes, let xibodeng, and speed Dragon, and Qing us shoes material, and suppliers are unexpected not.Debt disputes over vendor collection letter is decline
"Material prior to January of this year, not belonging to us company owed."
Recently, a name for "step of PA material for commercial" of users in a website forum Shang "Sun" themselves of collection paragraph experience. under the users of description, Qing us shoes material mergers and acquisitions xibodeng, and speed Dragon Hou, he to Qing us company requirements each other also material paragraph Shi, is inform January 2011 of material paragraph, Qing us company will all paid, and this zhiqian of material paragraph is does not belonging to company by owes.
This a message let he puzzling, yiqian and xibo log between accounts by knot material paragraph of ious, are is gaixibo log company of seal, last year July end, Qing us company on will all ious go cover speed Dragon company seal. thereafter, he of material paragraph are cannot on time row paragraph, each asked Qing us financial personnel, are of reply are is to, boss of instructions.
Yesterday, chendai, Ting told reporters of the operating shoes for more than 20 years, after the merger, at first he did not know, so supply, but got ious are becoming Athlon, since January of this year, xibo ious are replaced before the Athlon 's. " Chinese new year, were unable to get the money, ask about just knowing, xibodeng, Athlon was Qing Mei acquisitions, both sides also make up. " Ting a wry smile, in the hands of more than 100,000 purchase price this half a year to get 10,000 dollars.
Ting said, and he was defaulted loans of more than 200 people, "someone to tell us every day shoe for money, every time I go to have hit several." Gradually to, suppliers were has has contact, meet together to collection to payment, Zhang Mr is which of a member, he is owes has more than 1 million yuan of payment, "has when can met boss, but also is took does not to money", if is no approach, only considered to court sued has. reporter understanding to, mergers and acquisitions of early, xibodeng, and speed Dragon of meet arrears on has nearly 50 million Yuan.Exposure of the merger puzzle merger agreement "Us xibodeng shoe material mergers and acquisitions clearance, Athlon, classic son of Lin Qing Lin Qinghong get stake in us."
Two days ago, contacted Heberden's boss on forest classic, told reporters he had provided a clear us shoe, xibodeng, three Athlon reorganization merger agreement and the supplementary agreement between the companies. " Vendors are on hand this agreement now, I have no solution, only used it to prove his innocence. "
The << company merger agreement >> check on July 11 last year, party a to Qing Mei (China) limited, legal representative of Su Qingyuan; b to Jinjiang xibo sporting goods, legal representative for forest classic; c Jinjiang Athlon sports limited, legal representative for forest cutting treatment (classic Lin's wife).
Agreement displayed, Qing us shoes material mergers and acquisitions xibodeng, and speed Dragon, but xibodeng name of Chen Dai town Ocean Dai village Chen Quan road No. 903, workshop and the transformer is not mergers and acquisitions range within; forest gold code, and forest Conference treatment of son Lin Qinghong get Qing us (China) limited 20% of equity, but only is hidden name shareholders, while subsidies Yuan 9 million Yuan, and will Su Qingyuan name of listed company Qing us (holding) group limited total unit amount 5% (about-in 32 million unit) of stock, transfer to Lin Qinghong name.
Accordingly, forest's family to get about for value 75 million yuan of Qing us shoes material equity, and cash 9 million Yuan, and worth about for 38 million yuan of listed company stock; xibodeng, and speed Dragon transfer all company property (including brand, and monopoly network, and land, and device and the should received payment), by accounting net worth does not should below 30 million Yuan, in principle still to original company name normal operations, but corporate representative needs change for Qing us shoes material specified of, claims debt also to by Qing us shoes material bear.Merger puzzle merger dispute after four "Xibodeng Athlon, the cash flow of small amounts and indebtedness of many, was unforeseen by Qing Mei."
But disputes soon appeared, then distress let xibodeng, Athlon shoe materials, suppliers, and the United States are unintended.
First is the accounting of assets, after confirmation, found xibodeng shoes material clearance, Athlon's net assets amounted to more than 7 million Yuan, bank deposits and cash of more than 6 million Yuan, for more than 44.6 million of receivables, accounts payable more than 49.57 million Yuan, and the beautiful shoes information available far before. " The beginning thought that only the debts of more than 20 million, but 1 time after clearing times, the conflicts between the buried in the long run. " Informed sources told a press conference, did not know for what reason, us shoe would accept the balance sheet of the Qing dynasty, also check << reorganization merger and acquisition agreement (a) >>, took on account of debts.
Under added agreement, on August 1, 2010 yihou produced of all original voucher, xibodeng and speed Dragon should guarantee its real, and full, if event, should to cash form complement difference. let forest gold code no thought of is, from last year August began, in Qing us shoes material stationed in team of operation Xia, all suppliers payment of ious, all go gaisulong of seal, "yiqian actual of operation are is xibodeng in do, speed Dragon just as a brand exists, no actual funds between of operations", Soon all debts were transferred to the Athlon name. at this point, the legal representative is also the forest of the Athlon Classic wife rule of forest cutting.
In mid-January of this year, xibodeng, Athlon change procedure begins to handle, is said to have taken place in the middle of an episode. " We both went, a morning run all the procedures of alteration of the two companies, shoe people at noon but the United States and material pumped out of Athlon. " Lin Jindian said they were scared out of sweat, will go to the administrative examination and approval Center asks, the material is back; but that is staff deny that "from anywhere in the program, this is not possible, only the lack of material will inform the enterprise supplementary" and xibodeng on January 18, Athlon was completed in January 21, change of legal representative.Their response Under mergers and acquisitions agreement, forest gold code couples originally can mind pension; Lin Qinghong will in new formed of dress shoes Industry Department as General Manager, continues to themselves of cause; Qing us shoes material also from shoes material suppliers variable body brand operators. but this only established in mergers and acquisitions smooth of Foundation Shang, now both are into has a cat on hot bricks, more innocent of is material suppliers, they hundreds of thousands of, and Shang million of payment, seeing with is is sight to arrears has.
Forest classic: "$ 9 million in cash, a dime so far did not get" the day before yesterday, when in an interview with reporters, forest Golden several times in a row to "nothing" to describe their situation. Lin Jindian told reporters, should have received $ 9 million of cash, and still didn't get a dime; chendai town agreement No. 903 Chen Quan road, real estate, it's still hard to their own name; should have belong to the son of Lin Qinghong equity, stock, still pinching at the hands of Qing Mei shoe, "equal to that for decades were lost".
For suppliers of payment, forest gold code said with themselves no relationship, a began people door collection, he also help with retaining a retaining, but with Qing us shoes material fell out, and seeing cannot ended zhihou, he on took out has mergers and acquisitions agreement, on claims, and debt wrote was is clearly. for debt area of access, forest gold code also does not identity, "I made again liquidation, but Qing us said catch time, even has, also check has agreement, yihou arrears by Qing us received, debt also by Kiyomi also".
Now, vendors also do not find forest classic. " Shouldn't I pay on the one hand, on the other hand I have no money, now only maintain it. " Lin Jindian believe that they and their suppliers, except that he was from Qing Mei shoes you want to get the agreement of 9 million cash, there was no transfer of property.
Su Qingyuan: "according to the agreement, the three parties shall maintain the confidential" has made, reporters two days ago was on the phone to clear the United States shoe Corporation representative Su Qingyuan.
Current flows reached the agreement of mergers and acquisitions in the community, Su Qingyuan is clear, he's aggrieved tone over the phone, "I do right, not afraid of being that crooked shadow." According to the agreed terms of the agreement, tripartite cooperation should be to keep confidential, unless it is necessary for the transaction of the company, any party shall not disclosure of foreign-related matters and any details of the operation, shall not publish any comments against each other., from the perspective of current situation, Jet Su Qingyuan agreement apparently great sense of surprise.
"Now everything is over, no need to continue to struggle." For what the tripartite agreement has not been fulfilled, Su Qingyuan chose evaded. as for the future will be how to deal with disputes, mergers and acquisitions and debt between suppliers, was silent for a moment and answer questions, "is a judge", and then hang up the phone. but later sent a text message to reporters: "things will finally be justice by law, I do not want to not according to conclusions".
Personally have nothing much to contribute.
I have used windows live for translation of the above article.
*****Qing Mei shoe "in the" merger and acquisition debt disputes over (2011-07-21)Summary After the merger of a secretive, xibo in Jinjiang sports products under the brand "PA" stores all of a sudden a lot of close, life experience started since the crisis, has aroused great concern among the industry. recently, the exposure of a merger agreement, this merger and acquisition events gradually to emerge.
"Many vendors on hand the merger agreement, I have no solution, only used it to prove his innocence." Over the past year, vendor collection letter again, xibo in Jinjiang sports goods company boss forest Golden again sit, he had to come to collection letter issued by a supplier of a merger agreement signed on July 11 last year.
Under this copies agreement, xibo log sports supplies limited, and speed Dragon sports supplies limited, is Qing us (China) limited mergers and acquisitions, xibodeng, and speed Dragon transfer all company property (including brand, and monopoly network, and land, and device and the should received payment), claims debt to by Qing us bear. However, subsequently produced of changes, let xibodeng, and speed Dragon, and Qing us shoes material, and suppliers are unexpected not.Debt disputes over vendor collection letter is decline
"Material prior to January of this year, not belonging to us company owed."
Recently, a name for "step of PA material for commercial" of users in a website forum Shang "Sun" themselves of collection paragraph experience. under the users of description, Qing us shoes material mergers and acquisitions xibodeng, and speed Dragon Hou, he to Qing us company requirements each other also material paragraph Shi, is inform January 2011 of material paragraph, Qing us company will all paid, and this zhiqian of material paragraph is does not belonging to company by owes.
This a message let he puzzling, yiqian and xibo log between accounts by knot material paragraph of ious, are is gaixibo log company of seal, last year July end, Qing us company on will all ious go cover speed Dragon company seal. thereafter, he of material paragraph are cannot on time row paragraph, each asked Qing us financial personnel, are of reply are is to, boss of instructions.
Yesterday, chendai, Ting told reporters of the operating shoes for more than 20 years, after the merger, at first he did not know, so supply, but got ious are becoming Athlon, since January of this year, xibo ious are replaced before the Athlon 's. " Chinese new year, were unable to get the money, ask about just knowing, xibodeng, Athlon was Qing Mei acquisitions, both sides also make up. " Ting a wry smile, in the hands of more than 100,000 purchase price this half a year to get 10,000 dollars.
Ting said, and he was defaulted loans of more than 200 people, "someone to tell us every day shoe for money, every time I go to have hit several." Gradually to, suppliers were has has contact, meet together to collection to payment, Zhang Mr is which of a member, he is owes has more than 1 million yuan of payment, "has when can met boss, but also is took does not to money", if is no approach, only considered to court sued has. reporter understanding to, mergers and acquisitions of early, xibodeng, and speed Dragon of meet arrears on has nearly 50 million Yuan.Exposure of the merger puzzle merger agreement "Us xibodeng shoe material mergers and acquisitions clearance, Athlon, classic son of Lin Qing Lin Qinghong get stake in us."
Two days ago, contacted Heberden's boss on forest classic, told reporters he had provided a clear us shoe, xibodeng, three Athlon reorganization merger agreement and the supplementary agreement between the companies. " Vendors are on hand this agreement now, I have no solution, only used it to prove his innocence. "
The << company merger agreement >> check on July 11 last year, party a to Qing Mei (China) limited, legal representative of Su Qingyuan; b to Jinjiang xibo sporting goods, legal representative for forest classic; c Jinjiang Athlon sports limited, legal representative for forest cutting treatment (classic Lin's wife).
Agreement displayed, Qing us shoes material mergers and acquisitions xibodeng, and speed Dragon, but xibodeng name of Chen Dai town Ocean Dai village Chen Quan road No. 903, workshop and the transformer is not mergers and acquisitions range within; forest gold code, and forest Conference treatment of son Lin Qinghong get Qing us (China) limited 20% of equity, but only is hidden name shareholders, while subsidies Yuan 9 million Yuan, and will Su Qingyuan name of listed company Qing us (holding) group limited total unit amount 5% (about-in 32 million unit) of stock, transfer to Lin Qinghong name.
Accordingly, forest's family to get about for value 75 million yuan of Qing us shoes material equity, and cash 9 million Yuan, and worth about for 38 million yuan of listed company stock; xibodeng, and speed Dragon transfer all company property (including brand, and monopoly network, and land, and device and the should received payment), by accounting net worth does not should below 30 million Yuan, in principle still to original company name normal operations, but corporate representative needs change for Qing us shoes material specified of, claims debt also to by Qing us shoes material bear.Merger puzzle merger dispute after four "Xibodeng Athlon, the cash flow of small amounts and indebtedness of many, was unforeseen by Qing Mei."
But disputes soon appeared, then distress let xibodeng, Athlon shoe materials, suppliers, and the United States are unintended.
First is the accounting of assets, after confirmation, found xibodeng shoes material clearance, Athlon's net assets amounted to more than 7 million Yuan, bank deposits and cash of more than 6 million Yuan, for more than 44.6 million of receivables, accounts payable more than 49.57 million Yuan, and the beautiful shoes information available far before. " The beginning thought that only the debts of more than 20 million, but 1 time after clearing times, the conflicts between the buried in the long run. " Informed sources told a press conference, did not know for what reason, us shoe would accept the balance sheet of the Qing dynasty, also check << reorganization merger and acquisition agreement (a) >>, took on account of debts.
Under added agreement, on August 1, 2010 yihou produced of all original voucher, xibodeng and speed Dragon should guarantee its real, and full, if event, should to cash form complement difference. let forest gold code no thought of is, from last year August began, in Qing us shoes material stationed in team of operation Xia, all suppliers payment of ious, all go gaisulong of seal, "yiqian actual of operation are is xibodeng in do, speed Dragon just as a brand exists, no actual funds between of operations", Soon all debts were transferred to the Athlon name. at this point, the legal representative is also the forest of the Athlon Classic wife rule of forest cutting.
In mid-January of this year, xibodeng, Athlon change procedure begins to handle, is said to have taken place in the middle of an episode. " We both went, a morning run all the procedures of alteration of the two companies, shoe people at noon but the United States and material pumped out of Athlon. " Lin Jindian said they were scared out of sweat, will go to the administrative examination and approval Center asks, the material is back; but that is staff deny that "from anywhere in the program, this is not possible, only the lack of material will inform the enterprise supplementary" and xibodeng on January 18, Athlon was completed in January 21, change of legal representative.Their response Under mergers and acquisitions agreement, forest gold code couples originally can mind pension; Lin Qinghong will in new formed of dress shoes Industry Department as General Manager, continues to themselves of cause; Qing us shoes material also from shoes material suppliers variable body brand operators. but this only established in mergers and acquisitions smooth of Foundation Shang, now both are into has a cat on hot bricks, more innocent of is material suppliers, they hundreds of thousands of, and Shang million of payment, seeing with is is sight to arrears has.
Forest classic: "$ 9 million in cash, a dime so far did not get" the day before yesterday, when in an interview with reporters, forest Golden several times in a row to "nothing" to describe their situation. Lin Jindian told reporters, should have received $ 9 million of cash, and still didn't get a dime; chendai town agreement No. 903 Chen Quan road, real estate, it's still hard to their own name; should have belong to the son of Lin Qinghong equity, stock, still pinching at the hands of Qing Mei shoe, "equal to that for decades were lost".
For suppliers of payment, forest gold code said with themselves no relationship, a began people door collection, he also help with retaining a retaining, but with Qing us shoes material fell out, and seeing cannot ended zhihou, he on took out has mergers and acquisitions agreement, on claims, and debt wrote was is clearly. for debt area of access, forest gold code also does not identity, "I made again liquidation, but Qing us said catch time, even has, also check has agreement, yihou arrears by Qing us received, debt also by Kiyomi also".
Now, vendors also do not find forest classic. " Shouldn't I pay on the one hand, on the other hand I have no money, now only maintain it. " Lin Jindian believe that they and their suppliers, except that he was from Qing Mei shoes you want to get the agreement of 9 million cash, there was no transfer of property.
Su Qingyuan: "according to the agreement, the three parties shall maintain the confidential" has made, reporters two days ago was on the phone to clear the United States shoe Corporation representative Su Qingyuan.
Current flows reached the agreement of mergers and acquisitions in the community, Su Qingyuan is clear, he's aggrieved tone over the phone, "I do right, not afraid of being that crooked shadow." According to the agreed terms of the agreement, tripartite cooperation should be to keep confidential, unless it is necessary for the transaction of the company, any party shall not disclosure of foreign-related matters and any details of the operation, shall not publish any comments against each other., from the perspective of current situation, Jet Su Qingyuan agreement apparently great sense of surprise.
"Now everything is over, no need to continue to struggle." For what the tripartite agreement has not been fulfilled, Su Qingyuan chose evaded. as for the future will be how to deal with disputes, mergers and acquisitions and debt between suppliers, was silent for a moment and answer questions, "is a judge", and then hang up the phone. but later sent a text message to reporters: "things will finally be justice by law, I do not want to not according to conclusions".