Not To Intervene In Fujian'S Provincial And Municipal Authorities Temporarily.

On October 27th, according to the Hongkong Ming Pao financial report, the chairman of the casual wear retailing unit, Ding Hui, who was strangely disappearing in late July, and shares suspended, had no chance to resume trading until now, and he needed to find out that many of the mortgage agreements had been signed by Chairman of the board without authorization from the board of directors. The company was very "tight" and left Ding Hui's brother Ding Canyang to deal with the "mess". Some sources pointed out that after the "burst pot" of the "odd pot", there were White Knight Fujian's and Quanzhou authorities have also intervened in the coordination of events to ensure that it has been temporarily suspended.

There have been GEM companies to negotiate with North.

A source told our reporter that after the accident, a gem company in Hong Kong, together with another investor, intended to play the role of white knight in order to negotiate with him. It is understood that the GEM companies mainly focus on the sales network, and intends to even buy the listing status (shell). It is reported that the major shareholder of the gem company has its own manufacturing experience.

The source also pointed out that since Fujian and Quanzhou had been involved in the incident quickly after the accident, so even if the White Knight wanted to negotiate, he would have to go through five passes and cut six. At the same time, because of the involvement of the official agencies, after the "explosion pot", he can still operate in limited waves and temporarily suspend his life under the capital. However, whether or not there are other bombs to be detonated is the key to the eventual rescue.

This newspaper once telephoned the Fujian provincial government, the Provincial Administration for Industry and commerce, the Quanzhou financial office, the listing office and the Quanzhou economic development zone.

　 KPMG for Finance adviser

On the night of last Friday, he announced that he had not received the mortgage agreement of Minsheng Bank and other related loans. Instead, he was studying the unauthorized commitment of the relevant persons to take action. It has also sent letters of payment to one of the borrowers, Sun Power Resources, who is also a director of Ding Hui friendship.

In the search for resumption, he also appointed KPMG consulting (China) Guangzhou branch as a financial adviser in September 26th, and is expected to complete the analysis of Finance and liabilities by the end of 2014. It also seeks to identify independent forensic experts and internal control consultants.

The shop of noble Greatly reduce

At present, the company maintains only 114 stores selling inventory, which is 76.7% larger than the 490 in the prime period. It intends to repurchase new products after the financial stability is stabilized, and develop new product production facilities and online sales. It is still reviewing and considering the resumption of final interest. By the end of 2013, the company had $112 million in stock.