2005 Tonghua shares silent years.docVIP

 PAGE \* MERGEFORMAT 6 2005 Tonghua shares ‘silent years’ November 24, Tonghua Wine Co., Ltd. of the China Securities Regulatory Commission received a no-objection letter of share transfer. As a result, New Hualian Holdings Limited will hold a stake in the company Tonghua 4070.4 million legal person shares, 29.07% of the total share capital and become Tonghua Wine Co., Ltd. is the largest shareholder. From the White ‘Tonghua’ to the present time two or three months, the new Hualian has largely been completed on the original Tonghua Wine AG senior leadership changes. From general manager to marketing director to chief financial officer, the plain from the JLF wine, that is, the current president and the new Hualian Wang Peng said to be very close high-level relations (New Hualian Tonghua investment holding shares, Wong Tung amp;amp; Partners played a key role). Are indications that, with the new shareholders to join us and the new leadership of the stage, ‘Tonghua’ original backward, old-fashioned business philosophy will be updated, a full range of adjustment is imperative. It stands to reason, New Hualian has successful operation of the ‘JLF’ experience, just one part of ‘transplant’ to ‘Tonghua’ next year, China’s wine industry is enough ‘fun’ in the. Not necessarily, according to various aspects of collecting information is a summary, showing a sign: in 2005 the ‘Tonghua’ may be a ‘silent years’! Behind closed doors, first carry out internal reforms End of senior leaders in the company to adjust the heels of a large number of ‘cuts’. According to information from ‘Tonghua’ inside source revealed: In early December, the new company will have to re-use existing staff, judged on merit, while the ‘attrition rate’ will be close to 60%, that is, the current 1,200 employees to retaining only 500 people. The outside world is expected that this major move is likely to trigger an ‘earthquake’. But when the reporter results of the survey, the local government depa