Ni Runfeng private pain.doc

 PAGE \* MERGEFORMAT 10 Ni Runfeng private pain In the 64-year-old Zhao Xinxian, 62-year-old Wang were removed from the SAC Group and Great Wall Group, 39 all of his duties, once again removed from the grounds of age, the natural functions of Ni Runfeng impeccable. However, this is a convincing reason to do? Ni Runfeng Why is dismissed? Group of 39 caught with a security ring, as well as the Great Wall Group’s strategy of temporary confusion than Changhong experiencing the last century after the decline in the late 90s, in the Ni Runfeng the helm, the recent remarkable achievements in recent years. As of the end of 2003, Changhong’s shares in earnings per share has grown from a few PCT the money trough rose to 0.112 yuan, for the shareholders of Changhong Group, which is a satisfactory result. So why to get rid of all the Ni Runfeng position? An informed source told the reporter, resulting in separation Ni Runfeng Ni Runfeng the real reason might have been led by the management and large shareholders, that is, the local government restructuring in Changhong’s property arising from differences. As early as in 1999, Changhong began to develop privatization plans, the core is the state-owned shares, Changhong’s goal is to gradually become a state-owned shares of listed companies, the proportion of no more than 20% stake in a wide range of public companies, which will include management Layer on the company’s state-owned shares to buy (MBO). 2002 Ni Runfeng interviewed by Taiwan media had said: ‘We have repeatedly communicated with government departments, the current policy is very clear, since color TV industry is a competitive industry, the future of state-owned shares will gradually withdraw, Changhong will become private enterprises. ‘In the same year in June, Mianyang City, introduced a’ period of shares of state-owned enterprise managers incentive pilot scheme ‘, under this’ approach’, has increased the salaries of the leaders of state-owned enterprises