Shanghai Sanmao Was Sued For Damages 23 Million Court Has Filed For Acceptance

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Shanghai Sanmao < /a > Enterprise (Group) Limited by Share Ltd (hereinafter referred to as "Shanghai Sanmao") has just announced that the company received the notice of complaint from the court yesterday, and PERSHING Shanghai genetic chip Co., Ltd. (hereinafter referred to as PERSHING company) filed a lawsuit against the three party defendants, including Shanghai Sanmao, and claimed 23 million 115 thousand and 300 yuan for the purpose of damaging the dispute of the interests of shareholders. The court has already accepted the case on file.

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< p > there are three plaintiffs in this case: PERSHING company, Shanghai bode Gene Development Co., Ltd. (hereinafter referred to as "bode") and Dong Hai, the defendants are Ni Zhihua, Liu Chenglong and Shanghai San Mao respectively.

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< p > December 2000, Shanghai San Mao and PERSHING, Bode and Dong Hai jointly invested in Shanghai Bohua Gene Chip Technology Co., Ltd. (hereinafter referred to as "Bohua company"), with a total investment of 40 million yuan, and Shanghai San Mao invested 20 million yuan, accounting for 50%; PERSHING and Bode invested 19 million 500 thousand yuan and 450 thousand yuan respectively, accounting for 48.75% and 1.125% respectively, and Dong Hai contributed 50 thousand yuan, accounting for 0.125%.

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< p > data show that the contradiction between plaintiff and defendant in this case has existed for a long time.

In March 2003, Bohua company submitted arbitration to Ni Zhihua on the grounds of the dispute over the technology pfer contract.

In the same year, three plaintiffs in the case filed suit against Ni Zhihua and Shanghai San Mao, asking for a change of board of directors and a change in the state of management and manipulation of the company. This request was rejected by Ni Zhihua and Shanghai.

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< p > 2005, shareholders of Bohua company also had financial disputes.

In the following year, the plaintiff in this case advocated the dissolution of Bohua company and was rejected by Shanghai San Mao and Bohua company again.

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< p > the plaintiff also suggested that during the term of office of the three defendants, without the approval of the resolution of the shareholders' meeting and the approval of the board meeting, he would have borrowed over 500 yuan to Shanghai Taihe Cci Capital Ltd without authorization.

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< p > three plaintiffs believe that their 20 million yuan investment in the company failed to earn an investment return of 46 million 230 thousand and 600 yuan in line with the average profit rate of the industry, at least 23 million 115 thousand and 300 yuan of investment return losses, and to claim compensation for three defendants including Shanghai Sanmao.

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< p > in fact, this is not the first time that the company has been involved in a case dispute. The amount of the claim for about twenty million is also "worse" for Sanmao, a Shanghai company who has suffered losses for many years.

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< p > at the beginning of last year, the main supplier of Shanghai San Mao Zi Shanghai three hair import and Export Co., Ltd., Shanghai, USA, cashmere cashmere, a href= "//www.sjfzxm.com/" target= "_blank" > textile < /a > Products Co., Ltd. was suspected of criminal offences and was placed on file for investigation by public security organs.

Affected by the case, the tax department suspended the export tax rebate business of Shanghai San Mao import and export company from February 1st last year.

To this end, Shanghai San Mao made special provision for bad debts 58 million 638 thousand yuan and estimated liabilities of 34 million 455 thousand yuan, which directly led to a big jump in 2012 and a net loss of 47 million 410 thousand yuan.

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< p > last year, under the influence of the "US shuttle case", the overall downturn of the textile industry and the Australian dollar exchange rate, Shanghai San Mao realized only 1 billion 657 million yuan in revenue, down 36.83% compared to the same period last year, and the net profit attributable to the shareholders of the listed company was 47 million 180 thousand yuan.

Due to losses for two consecutive years, the stock name of Sanmao of Shanghai changed to "ST Sanmao".

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< p > in the main business suffered heavy setbacks, Shanghai San Mao turned into the service industry, but repeatedly frustrated.

In April 30th, the Shanghai San Mao announcement announced that in order to reduce operating losses and reduce financial burden, the company decided to pfer publicly to Shanghai San Mao International online shopping life Plaza Trading Co., Ltd., which has a 100% stake in the company, with a valuation of 150 million yuan.

Shanghai Sanmao disclosed in the 2013 earnings report that Sanmao international "a href=" //www.sjfzxm.com/news/index_s.asp "online shopping" /a "Life Plaza Project" started two years ago, when it was in the stage of investment promotion.

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