定制马拉维真居留证,制作马拉维假居留证,【telegram:十852 55367074】（whatsApp:+852 55367074）办理定制马拉维真居留证,制作马拉维假居留证,购买定制马拉维真居留证,制作马拉维假居留证,定制定制马拉维真居留证,制作马拉维假居留证,出售定制马拉维真居留证,制作马拉维假居留证,办理定制马拉维真居留证,制作马拉维假居留证多少钱『真实办护照，可根据客户样本制版印刷』可加急 ,【telegram:+852 55367074】【WHATSApp:+852 55367074】『办理驾驶证、身份证id、居留证、各种证明，发货速度快。』 联系我们【飞机\whatsapp 同号:+852 55367074】定制马拉维真居留证,制作马拉维假居留证,定制马拉维真居留证,制作马拉维假居留证,定制马拉维真居留证,制作马拉维假居留证 The large-cap jewelry shares purchased in 2017 for 255 million yuan are now sold for 1 million?What is the pricing standard for this 1 million?Aidil replied: "The jewelry market is out of control, and financial data and evaluations cannot be obtained, so the company management negotiated with the buyer to set a price." Author: Zhang Xiaohui Cover photo: Tu Chong Creative Introduction 1 || The acquisition of 255 million was paid in four cash payments.The first payment is 15% equity payment after the transaction is signed; the last three payments are 30%, 25% and 20% equity payment respectively after the performance is realized.2 || However, the good times did not last long.In May 2019, the jewelry market experienced operating abnormalities.Three ||Faced with investors鈥?questions about 鈥淓xcuse me, I bought large-scale jewelry for 255 million and now sell it for 1 million? Is this price too childish? What is the pricing standard for 1 million?鈥? Adil replied: 鈥淭he large-scale jewelry is out of control, and financial data and evaluations cannot be obtained, so the company managementThe price negotiated between the management and the buyer."The equity acquired for 255 million yuan four years ago is now sold for 1 million yuan. This story is happening to Fujian Adil Jewelry Industrial Co., Ltd. (002450.SZ, hereinafter referred to as "Adil").On March 22, 2021, Aidil issued the "Announcement on the Proposed Transfer of Equity Interests in its Controlled Subsidiaries", stating that the company has lost effective control of Shenzhen Dapan Jewelry Co., Ltd. (hereinafter referred to as "Dapan Jewelry") and will no longer be included in the consolidated statements from April 2020, and decided to transfer 51% of its equity for 1 million yuan.Dating back to four years ago, on March 6, 2017, Aidil issued an announcement to acquire assets in cash, acquiring 51% of the equity of Dapan Jewelry for RMB 255 million.The Shenzhen Stock Exchange issued a letter of concern on Aidil鈥檚 equity transaction on March 23, requiring Aidil to explain the transaction in detail.255 million acquisition case In March 2017, when Aidil acquired 51% of the equity of Dapan Jewelry for 255 million yuan, the actual controller of Dapan Jewelry was Su Yanmao.The transaction information at that time showed that Su Yanmao was a citizen of the People's Republic of China and was the chairman and legal representative of Dapan Jewelry at the time.Su Yanmao made a performance commitment for this transaction: Dapan Jewelry鈥檚 committed net profit in 2017, 2018, and 2019 will not be less than 36 million yuan, 46 million yuan, and 56 million yuan; that is, Dapan Jewelry鈥檚 cumulative committed net profit in 2017, 2018, and 2019 will be no less than 138 million yuan.The net profit committed above is calculated based on the lower of non-recurring gains and losses.In each year during the profit commitment period, if Dapan Jewelry fails to achieve the net profit amount promised by the performance commitment, Su Yanmao will compensate Aidil for profits.The acquisition of 255 million was paid in four cash payments.The first payment is 15% equity payment after the transaction is signed; the last three payments are 30%, 25% and 20% equity payment respectively after the performance is realized.At that time, Adil was very optimistic about the acquisition. Adil said that the Dapan Jewelry brand was "Jiahua" and adhered to the brand mission of "creating wedding diamond rings that Chinese people love and promoting the fine traditional marriage and love culture of the Chinese nation." Based on a series of special wedding and love themed products, it established a national marketing network with 2 direct stores, 129 franchise stores, and a combination of product agents and provincial and municipal general agents.After the merger, the two parties can enrich the listed company's product level, accelerate the consolidation of the listed company's national retail channel layout, and have obvious scale effects.Adil said in the announcement at the time that the underlying assets (referring to large-cap jewelry) are of excellent quality, have good development prospects and strong profitability, which will help increase the value of listed companies and bring better returns to shareholders of listed companies.Another point is that for Aidil, this cash acquisition does not need to be submitted to the shareholders' meeting for approval, nor does it constitute a major asset restructuring. It only requires a vote by the board of directors.In 2017 and 2018, Su Yanmao led Dapan Jewelry to fulfill its performance commitments. In 2018, Dapan Jewelry achieved a net profit of 48.65 million yuan, which was 46 million yuan higher than the promised performance.Out-of-control subsidiaries However, the good times did not last long.On May 13, 2019, Su Yanmao Dapan Jewelry signed a "Loan Contract". Mr. Su Yanmao voluntarily provided Dapan Jewelry with an interest-free loan with a total amount of no more than RMB 100 million. The loan limit is valid for 12 months.At this time, large-scale jewelry has experienced operating abnormalities.On May 29, 2020, Adil issued an announcement stating that DaCap Jewelry failed to achieve its performance commitments for 2019, and DaCap Jewelry鈥檚 cash flow was tight.On July 31, 2020, Aidil announced that Daban Jewelry had lost effective control. The counterparty, Fang Su Yanmao, and the core management team violated the provisions of the company law, agreement, and articles of association, refused to supervise, and refused to cooperate with the audit and rectification work.A reporter from the Economic Observer Network inquired about judicial information and found that on August 17, 2020, the People's Court of Luohu District, Shenzhen City, Guangdong Province filed a case to accept Su Yanmao's lawsuit against Aidil on the grounds of a private lending dispute. However, after Su Yanmao served a notice of payment of litigation fees in the Luohu District Court in accordance with the law, he failed to prepay the case acceptance fee within seven days and did not apply for postponement, reduction, or exemption.The case was handled as if Su Yanmao had withdrawn the lawsuit.Another lawsuit-related case showed that on September 10, 2020, Aidil sued Su Yanmao and many other counterparties when the large-cap jewelry was acquired to the Shenzhen Intermediate People's Court over contract disputes, but Aidil later withdrew the lawsuit.The Economic Observer Network asked the office of Adil鈥檚 secretary general about the reason for withdrawing the case. The other party said: 鈥淭he court鈥檚 litigation fees were as high as 1 million yuan, so we withdrew the lawsuit.鈥?At this time, Adil鈥檚 controlling shareholder Su Riming was also in trouble. The company shares held by Su Riming and his concerted parties were judicially frozen and waiting to be frozen due to private lending disputes.The Shenzhen Stock Exchange issued a letter expressing concern that Aidil intends to transfer 51% of the equity of Dapan Jewelry to Shenzhen Sanxing Jewelry Co., Ltd. for a price of 1 million yuan. The basis for the price of 1 million yuan is the litigation costs of suing Su Yanmao and others through the court.The Shenzhen Stock Exchange stated in the letter of concern: As of the end of March 2020, the net assets corresponding to 51% of the equity of Dapan Jewelry were approximately 156 million yuan (unaudited), and the consideration for this transfer was only 1 million yuan. The pricing basis disclosed by your company was that the litigation costs of suing Dapan Jewelry and its original shareholders in court were approximately 1 million yuan.Please consider your company鈥檚 acquisition cost, net assets, expected profits from a successful lawsuit, estimated probability of winning the lawsuit, the feasibility of applying to the court to dissolve Dapan Jewelry and the expected recoverable amount, and other factors to demonstrate in detail the fairness of the pricing of this transaction and whether there is a situation in which the company鈥檚 assets are sold at a low price and harm the interests of small and medium-sized investors.Adil's board of directors also had serious disagreements over the sale of 51% of the shares of Da Cap Jewelry: among the nine directors, 5 directors voted in favor of the above-mentioned equity transfer proposal, 2 directors voted against, 1 director abstained, and 1 director recommended postponing the vote.A reporter from the Economic Observer Network called the office of the Secretary to the Board of Directors of Aidil on the morning of March 25 to inquire about the sales of large-cap jewelry and the response time to the Shenzhen Stock Exchange鈥檚 inquiry letter.The other party said, "We will respond to the transaction situation within the specified time. Please refer to the announcement for details." On the Shenzhen Stock Exchange Interactive Exchange, an investor asked: "Excuse me, 255 million yuan to buy large-scale jewelry, and now sell it for 1 million? Is this price too childish? What is the pricing standard for 1 million?" Aidil replied: "The large-scale jewelry is out of control, and financial data and evaluation cannot be obtained, so the company management negotiated with the buyer to set the price." Also.An investor asked: "The actual controller of your company, Su Riming, and the large-cap jewelry Su Jianming have the same place of origin. What is the actual relationship? Is there a risk of asset transfer when buying for 255 million and selling for 1 million? Please reply to investors truthfully." Aidil replied: "Su Riming and Su Jianming are cousins. The purchase and sale of large-cap assets are implemented in accordance with corporate governance procedures." On March 25, 2021, Adil's stock price hovered around 4.58 yuan, with a total market value of approximately 2 billion yuan. 囱堤胸掷靥飞胃疽室掷砂窍对部熬