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Jiangxi roup the management right for the first time  
2005/7/8

A few days ago, Dayu county of Jiangxi Province held a auctions of Linsheng Timber Co., Ltd's 20% of the state-run stock rights. Xie Yangchu , travelling trader of Guangdong , buys 20% of the management stock rights of this company at 10,1 million yuan . This is the first time for Jiangxi to roup the management right.It is reported Dayu county Linsheng timber  Co., Ltd. sed up by cap peak , Huangxi mao bamboo , long pool , mud 4 forest farms , have forestry's area 0.1476 million hectares, the storage capacity of forest is 0.4678 cubic meters. Registered capital is 34.03 million yuan, state-owned stock accounts for 51%  to count 16.67 million yuan and the society burst to count 17.36 million yuan. The 20% of the state-owned stock tokens auctioned this time one are 6.81 million yuan. Through the fierce contention, Xie Yangchu , travelling trader of Guangdong , strikes 20% of the management stock rights of this company at 10.1 million yuan.

 

 

Source:China Green Times  
 
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