In July 30th, Sino The men's wear Limited by Share Ltd (hereinafter referred to as "the male clothing") will be meeting.

According to its prospectus, the predecessor of Zhucheng's "men's dress", known as "Zhucheng", was registered in December 17, 2003, with a registered capital of US $500 thousand. The legal representative is Wang GUI Bo, a wholly foreign-owned enterprise.

It is this wholly foreign-owned enterprise with a registered capital of only $500 thousand. In March 2008, it launched a sprint to A shares with high price earnings ratio through less than two years of capital mobilization. In early 2008, Wang Guibo was elected the eleven National People's Congress.

Another National People's Congress wearing the "vest" of foreign capital is about to share the gluttonous meal brought by the landing of A shares.

The prospectus shows that as early as August 1, 2003, Wang Guibo controlled Shandong bridegroom, the new groom, has completed the shareholding system transformation and established the Shandong bridegroom, the Limited by Share Ltd.

Why did Wang Guibo leave the ready stock company to start a new listing?

Tax avoidance

Statistics show that the groom's international registry for Hongkong was established in July 3, 2002. The company's legal capital stock is HK $10 million, and the actual controller Wang Guibo has a 82% stake.

In December 2003, the bridegroom invested wholly in Zhucheng. Man's suit The manufacture of shirts and garments.

Since it is a foreign-funded enterprise, it enjoys a "two exemption, three reduction and half" tax preference.

The prospectus shows that in 2007, 2008 and 2009, Zhucheng's preferential tax avoidance was 9 million 618 thousand and 900 yuan, 14 million 941 thousand and 800 yuan and 18 million 629 thousand and 300 yuan respectively, totaling 43 million 187 thousand yuan.

In addition, the groom international invested some of the companies that Wang Guibo actually controlled, such as 25% of the company's home stock, 25% of the Shandong bridegroom and 25% of Zhucheng's company.

"Wang Guibo has drilled the loopholes of the state to attract preferential tax policies for foreign capital, and has avoided tens of millions of national taxes. There is a reasonable tax avoidance, but like Wang Guibo, a few foreign investors are not much. A Securities researcher said.

It was not until January 1, 2008 that the relevant policies of the People's Republic of China enterprise income tax law, which began to be implemented, stipulate that the foreign-funded enterprises will uniformly implement the 25% corporate income tax rate from 2010 and no longer enjoy the preferential tax policies mentioned above.

The adjustment of the state policy and the foreign investment vest were not enough. Wang Guibo began to plan a new route to build wealth.

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If Wang Guibo wants to send him to the market, he must solve the problem of "quantity".

At the end of 2007, the actual operating income of Zhucheng's predecessor was only 250 million.

In December 2007, Zhucheng's plan to lend 228 million 500 thousand yuan to the Zhujiang Municipal Finance Bureau at zero interest rate, and signed the asset reorganization agreement with the Shandong groom, Wang Guibo, Zhucheng, Shandong and Hanhuang.

As of the end of 2007, Shandong groom, Zhucheng and Shandong Hanhuang three companies operating income of 623 million 843 thousand and 500 yuan.

Through the reorganization of assets, the 2007 year business revenue of 882 million 939 thousand and 200 years was achieved.

Subsequently, Wang Guibo solved the problem of "quality" of Zhucheng's anandi polanyo by playing tricks from his left pocket to his right pocket.

Wang Guibo controlled bridegroom's new capital added 80 million yuan to Zhucheng's prime minister, accounting for 28.28% of the shares. {page_break}

As a result, Zhucheng's new company is transformed from a wholly foreign-owned enterprise into a Sino foreign joint venture.

In March 26, 2008, Zhucheng's prime shareholder, groom international, gave its 10% stake to Zhucheng's home.

In April 20, 2008 and April 25, 2008, the Orme Group signed the "share transfer agreement" with Huaxi Group, Beijing Guo Ding Ruifeng, Qingdao Jin co Zhong Ke, Le Bao weaving, Ningbo Fucheng and Beijing Wei Zhi, respectively, transferring its 8.5% stake in Zhucheng's graniao to the above transferee.

And Huaxi Group's subsidiary Limited by Share Ltd Huaxi Village and Ningbo Fucheng 2007-2009 years for three consecutive years is the main supplier of shill's men's clothing.

"The actual controller sells some of the shares of the male clothes to the main suppliers, and does not exclude the possibility of the transfer of related transactions." The brokers said.

In June 21, 2008, the bridegroom international and the bridegroom Syner signed the "equity transfer agreement". The groom international transferred its 28% stake in Zhucheng's prime minister to 22 million 400 thousand yuan to the bridegroom.

After the change of stock ownership, the groom's Shell Group held 56.28% of the male's clothing, and the domestic capital company became the largest shareholder.

"Foreign capital holding companies have a certain degree of difficulty in the domestic environment under the IPO environment, and Wang Guibo has made a hand in hand to make it become a domestic holding company so as to facilitate the landing of the A share market." The above-mentioned persons are also called.

In July 27, 2008, 9 promoters, such as the groom and the king's group, signed the agreement on the initiator of Limited by Share Ltd's men's clothing. The agreement initiated the establishment of the Limited by Share Ltd's menswear Menswear Limited by Share Ltd.

In September 9, 2008, Limited by Share Ltd was registered with the Shandong Administration for Industry and commerce.

So far, Wang Guibo, a wholly foreign owned company controlled by the National People's Congress (NPC), Zhucheng, has turned to Companies Limited by Shares with Foreign Investment.