Huafang Textile Reorganization Application Accepted Price Advance Limit

< p > although the lawsuit is continuous, the restructuring process of Huafang textile has not been affected.

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< p > yesterday evening, Hua Fang textile announced that the company received the No. 140003rd "CSRC administrative license application acceptance notice" issued in January 15, 2014 by the China Securities Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission"), and the CSRC conducted a review of the application materials for the administrative licensing of Huafang textile Limited by Share Ltd's major < a href= "//www.sjfzxm.com/news/index_c.asp" > asset replacement < /a > and the issue of shares to buy assets and raise matching funds and related pactions.

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< p > coincidentally, the announcement was released yesterday evening, and the company's share price had been trading early.

As of January 15th, the company's stock price closed at 6.93 yuan / share, an increase of 10% on that day.

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< p > it is noteworthy that, < a href= "//www.sjfzxm.com/news/index_c.asp" > Hua Fang textile > /a > in the process of reorganization, the lawsuit continues.

The company has said that it received the notice of the intermediate people's court in Suzhou, Jiangsu Province in December 13, 2013, and the court has accepted the dispute between the plaintiff Xiao Zhaoya and Huafang textile shares.

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< p > announcement shows that the contents of Xiao Zhaoya's pleading show that the plaintiff and Huafang textile signed the equity pfer agreement in August 16, 2011, and agreed to grant the 70% of the shares of Zhangjiagang Huadan new Mstar Technology Ltd (hereinafter referred to as "Alex Hua Tian company") by Hua Fang textile, and have handled the registration of industrial and commercial changes.

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< p > the plaintiff now causes the company to be insolvent in the course of the operation of Huafang textile and Alex Hua Tian company, which made the plaintiff make a wrong judgement on the signing of the equity pfer agreement, and called for the cancellation of the agreement between the plaintiff and Huafang textile company to pfer the shares of Zhangjiagang Hua Tianxin Mstar Technology Ltd and the supplementary agreement of the agreement.

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< p > for the above cases, Xiao Zhaoya said that it was only 39 days after receiving a href= "//www.sjfzxm.com/news/index_c.asp" > Alex Hua Tian company < /a >, Huafang textile filed a lawsuit against me and Alex Hua Tian company, sealing up the bank account of Alex Hua Tian company, the production equipment of Alex Hua Tian company and the plaintiff's full stake in Alex Hua Tian company.

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< p > according to Xiao Zhaoya, it has caused great losses because of the seizure of Alex Hua Tian company.

It includes 7 million yuan in investment and 12 million 140 thousand yuan in investment.

"After the Alex Hua Tian company was seized by the court, it also received a huge debt of about 30000000 Yuan due to the pferee's equity."

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< p > Xiao Zhaoya believes that the financial statements of Alex Hua Tian company in July 2011 are false statements made by the defendant. At the same time, he also believes that the audit report issued by the Shanghai superior accounting firm limited in August 6, 2011 (2011) 1736th is an audit report which has no legal effect.

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< p > at present, Xiao Zhaoya and Huafang textile have exchanged evidence in January 7th, and the two sides will hold a court in Suzhou intermediate people's Court of Jiangsu Province in January 21st.

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