Wen Peng Suping
On June 28th, it rained lightly in Rugao, which is still in the rainy season. The left-behind employees of Jiangsu Linsai Automobile Technology Co., Ltd. (hereinafter referred to as "Jiangsu Linsai") felt as if they had been washed away by the rain.
It was originally planned to hold a shareholder communication meeting on the morning of the 28th. This is the first shareholders' meeting to be formed after the closure of Jiangsu Lindsay, and it is planned to discuss the protection of employees' rights and interests. But just the night before, the participants were suddenly told that the meeting had been cancelled.
This meeting is the greatest hope of Jiangsu Lindsay's left-behind team. Some employees rushed back to Rugao from other places after hearing the news. "After a few weeks, things finally got better. I hope this meeting will bring good news to the company. " Some local employees in Rugao told think tank Jun.
At the end of April, a report letter from Qiao Yudong, the former lawyer of Jiangsu Lindsay, made this new force of making cars stand at the forefront. Qiao Yudong said in the tip-off letter that Wang Xiaolin, the chairman of Jiangsu Lindsay, bought shares with false technology, which led to the sale of huge state-owned capital in disguise.
A stone stirs up a thousand waves. On the one hand, Rugao local government urgently set up an investigation team to investigate this matter. On the other hand, many suppliers in Jiangsu Lindsay sued the company and frozen its assets and accounts. This completely paralyzed Lindsay, who had been struggling during the epidemic.
However, some employees still choose to stay, although they know that the situation is not optimistic and it is only a matter of time before they leave.
The above-mentioned Rugao employees said that there is no clear feedback from shareholders so far. Should the company continue to operate? He himself is still optimistic about the "civilian" road of China Super Run brand Lindsay, and is also insisting on participating in the maintenance of Rugao's factories and facilities. But he also understands the current practical problems, leaving more of a mentality of "standing in the last shift".
The cancellation of shareholder communication means that it was just an empty joy before, and it also reveals to some extent that the differences faced by shareholders in handling follow-up matters may be even greater than the outside world imagined.
As of press time, think tank Jun has not got the time to hold a similar meeting next time. In front of the left-behind employees, there may be only one unique way-leaving.
Abandoned factory?
Jiangsu Lindsay is located in the northern industrial zone of Rugao City, adjacent to many automobile manufacturing bases such as Land Ark, Shengfeng Automobile and Youth Automobile. At noon on June 28th, despite the light rain, the office building and factory in Jiangsu Lindsay are still brand-new and clean.
However, Shan Yu has come. Two weeks ago, Lindsay's two factories in Rugao were seized by the court. According to the announcement posted by the factory communication office, Nantong Intermediate People's Court seized the factory building in accordance with the law in the case of handling the preservation (enterprise loan dispute) of five related enterprises such as Jiangsu Lindsay as the respondent.
It should be pointed out that the applicant in this case is not the supplier who previously frozen Lindsay's account, but Nantong Jiahe Technology Investment Development Co., Ltd. (hereinafter referred to as "Nantong Jiahe"), the state-owned shareholder of Jiangsu Lindsay.
For those who have been paying attention to Lindsay's recent situation, this is not surprising. Last week, the notice of seizure, also from Nantong Intermediate People's Court, was posted on the door of Jiangsu Lindsay Shanghai Branch. On the same day, the announcement that the glue was not dry was photographed and put on the Internet, which was interpreted as evidence of Lindsay's "broken dream".
Seizure is a necessary measure for property preservation. On June 29th, an insider close to the shareholders of Jiangsu Lindsay told think tank Jun that Nantong Jiahe is both a shareholder and a borrower of Lindsay, and the company also needs to take measures to safeguard its own interests, which is a routine behavior.
In fact, the seizure did not have a direct impact on the operation of the Lindsay factory. Think tank Jun learned at the scene that although the factory has been shut down, there are still special personnel for maintenance before and after the closure. In the words of Rugao local staff, as long as necessary, the first factory can carry out trial production at any time, and the equipment of the second factory can also be put into operation at any time.
The first factory in Lindsay plans to produce SUV model "Mike", and the second factory plans to produce electric sports cars "Pulse" and S 1 sports cars. At present, Mike is in the trial production and research and development stage. Earlier, a person from Lindsay's Shanghai R&D team told think tank Jun that if it goes well, it is expected to be put into production within one or two years. Pulse has been listed, and the factory has produced hundreds of cars. However, due to poor sales, these cars have become stock cars, quietly parked in the factory.
Maintaining the plant and equipment has become the last task of the employees in the left-behind factory. Although the factory has stopped running, during the visit of think tank Jun, employees still entered some workshops in twos and threes to check and debug equipment and keep the workshops clean and tidy. For the left-behind employees, they are still looking forward to one day to resume production, and what they do is to ensure that the factory can respond at any time when this day comes.
In fact, the first to feel the crisis was the factory in Rugao, Lindsay. Before the report letter was made public, Lindsay was already in turmoil due to the bleak sales volume, the development of new models was less than expected, and the follow-up financing was blocked. In mid-April this year, Jiangsu Lindsay issued a salary reduction order, saying that only basic wages were paid to employees during the shutdown period. According to think tank Jun, since then, many Rugao employees have entered a state of "discontinued production", and only 30% of employees can arrive at their posts normally.
After the tip-off letter was made public, in May, a supplier applied to freeze Lindsay's account through the court, which made Lindsay fall into a more difficult situation: the budgets of the Shanghai and Beijing branches contracted rapidly and all employees could not be paid. Both ordinary employees and executives, most of them have left their jobs.
Why is the shareholder communication cancelled?
Jiangsu Lindsay is in jeopardy. But for those who stay, they want a clear response. Where will the company go from here? However, since the report letter was made public and aroused heated public opinion, the shareholders of the company have never reached an agreement on the follow-up matters. The argument between them made things more difficult.
Earlier, on the afternoon of June 22, Frank, vice president of Jiangsu Lindsay in charge of Rugao factory? Sterzer held a staff communication meeting in the lobby on the first floor of the Shanghai office sales department. On solving the problem of employees' unpaid wages, he said at that time that there were three schemes. First of all, all shareholders can return to the negotiating table and let the company account be unsealed; Second, the company is transferred, and the new owner needs to be responsible for the employees who are in the company or leave the company; The third is to close the company and go bankrupt and liquidate, and the proceeds will be used to pay the wages owed to employees.
"However, all solutions require all shareholders to sit at the negotiating table." Frank. Stezer said. However, it turns out that this is not an easy task.
On June 24, Nantong Jiahe, a state-owned shareholder, sent a letter to other shareholders, suggesting that a shareholders' work meeting of Lindsay be held on June 28, with the topic of protecting the rights and interests of employees in Jiangsu Lindsay.
The document has been sent to the legal representatives and agents of shareholders, personnel of Jiangsu Lindsay Management Committee, and some employee representatives. Wang Xiaolin had previously told the media that he would attend the meeting by video-but the night before the meeting, Nantong Jiahe issued a notice again: the meeting was cancelled.
Think tank Jun learned that Nantong Jiahe thought it was not qualified to hold the meeting, because Xu Yin, the legal representative of Rugao Ji Tai Electric Vehicle Technology Co., Ltd. (hereinafter referred to as Rugao), could not be contacted, and Hunan Baiyun Investment Development Co., Ltd. (hereinafter referred to as Baiyun Investment) clearly indicated that it could not attend the shareholders' communication meeting.
There are two shareholders involved here, one is Rugao Ji Tai, which is closely related to Wang Xiaolin, and the other is Baiyun Investment, which has never been exposed. According to public information, Jiangsu Lindsay * * * has five shareholders, among which Nantong Jiahe is state-owned by Rugao, the other four are Rugao Ji Tai, and Nantong Shimai, Rugao Shalin and Nantong Wei Meng all have technology shares (publicly reported that they have acquired shares with false technology).
These four companies are all related to Wang Xiaolin. The legal representatives of the three companies except Rugao Ji Tai are Wang Xiaolin's wife Cong Chao, while Rugao Ji Tai was born out of GTA, an American car company before Wang Xiaolin. However, Wang Xiaolin said in an interview with the media recently that he has nothing to do with GTA, and the relevant shares of Jiangsu Lindsay do not belong to him. However, many people familiar with the matter, including Qiao Yudong, said that the actual controller of Rugao Ji Tai is also Wang Xiaolin, and its legal representative Xu Yin is also one of Wang Xiaolin's "cronies".
In some people's view, Xu Yin's loss of contact cannot be a reason to cancel the shareholders' communication meeting. According to a document, the controlling shareholder of Rugao Ji Tai has removed Xu Yin from the post of legal representative of the company.
It is reported that Xu Yin has been actively cooperating with Rugao Municipal Government to investigate the related matters of Jiangsu Lindsay. According to the specific situation faced by Xu Yin, the controlling shareholder thinks that she has been unable to fully implement the instructions, perform the duties of the legal representative of the company, accept her request, and remove her from the above duties. At the same time, she also issued a power of attorney to the designated person in the company on June 2 1.
The above-mentioned documents mentioned that on the morning of June 22, at the request of Rugao Working Group, Xu Yin immediately lost contact with the outside world after arriving at Rugao Working Group to cooperate with the investigation, and his whereabouts are still unknown.
The controlling shareholder also said that the secretary of the board of directors had contacted Xue Xiaoyun, the legal representative of Nantong Jiahe, and Mason Lee, a lawyer of Guo Hao Law Firm, to inform the above situation in writing, and the two sides also communicated on how to hold the meeting. However, when the meeting time was less than 12 hours, Nantong Jiahe unilaterally canceled the meeting. "Our company can't understand the behavior of Nantong Jiahe."
Relevant persons close to Jiangsu Lindsay shareholders told think tank Jun that although the two sides had communicated, they did not see formal procedures. The situation of Lindsay and related shareholders is "complicated" and cannot be decided hastily, so they disagree. However, he also said that state-owned shareholders should bear certain responsibilities to protect the legitimate rights and interests of Lindsay employees.
Mysterious third-party shareholders looming
Another shareholder who participated in the cancellation of the meeting is Baiyun Investment, a company that has never appeared, and has quietly contacted Jiangsu Lindsay. Through public information, it is not difficult to find that the actual controller of this company is Man Yee Chan, the real estate owner in Zhuzhou, Hunan.
According to Qixinbao data, Baiyun Investment has a registered capital of 40 million yuan and paid-in capital of 22,265,438 yuan +0.75 million yuan. The legal representative is Chen Minyi, the major shareholder Zhuzhou Brilliance Real Estate Development Co., Ltd. holds 99.83% and the minor shareholder Zhuzhou Dacheng Real Estate Development Co., Ltd. holds 0. 17%- the legal representatives of both shareholders are Chen Minyi.
According to the company's official website information, Brilliance Real Estate was established in 1995 with a total development area of 5 million square meters. The main development project is located in Hunan Province, and its business involves the development and operation of residential and commercial projects.
There is no public information showing that Baiyun Investment is a shareholder of Jiangsu Lindsay. There is no Baiyun investment in Jiangsu Lindsay's shareholder list. Qixinbao also shows that Baiyun Investment has seven foreign investment projects. In addition to some real estate companies, they also invested in local financial institutions, such as Hunan Youxian Rural Commercial Bank Co., Ltd., but the specific shareholding ratio is unknown.
Will Baiyun Investment be the investor mentioned by Wang Xiaolin before? Not long ago, Wang Xiaolin said in an internal email conveying the company's current situation that the discussed 3 billion yuan fund will be gradually put in place in May this year. However, due to Qiao Yudong's "false accusation, calling investors directly", investors decided to temporarily shelve this round of investment.
He didn't identify himself as an investor, but he seems to be avoiding the statement of state-owned shareholders. Judging from various expressions, "investors" may be new investors.
On June 29th, think tank Jun called the telephone reserved by Baiyun Investment in the industrial and commercial office to inquire about this matter, but the telephone was not connected.
However, some people familiar with the matter denied this speculation. The above-mentioned people close to Jiangsu Lindsay's shareholders told think tank Jun on the 29th that Baiyun Investment is a company negotiated by 20 18 and 20 19. It is said that the company "made some money" for Lindsay, but it did not continue to inject capital later. "Based on this situation, Jiahe also sent an invitation to Baiyun Investment." The above-mentioned person said that Baiyun Investment has nothing to do with Wang Xiaolin's 3 billion new financing.
The source also denied the possibility of Nantong Jiahe continuing to inject capital into Lindsay. "Wang Xiaolin can't listen to everything." He said.
Qiao Yudong, who was accused of "falsely accusing and calling investors directly", also said that he had no idea that there was a financing of 3 billion yuan, and it was even more impossible to contact the so-called investors. This unwarranted accusation made him doubt whether the financing really existed.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.