Red Sun Ah Kam enemies China and Russia that the foreign shareholders of Zhi Gu cents.doc

 PAGE \* MERGEFORMAT 9 Red Sun Ah Kam enemies China and Russia that the foreign shareholders of Zhi Gu cents June 23, 2004, known as’ cross-border mergers and acquisitions business, Shandong Province, the first ‘Ah Kam Shandong Red Sun Chemical AG, 13th session of the Board of Directors meeting and made a’ dismissal of China’s Wang Ting Yi, general manager, board secretary Liu Zhaoxian , designated as temporary Chairman of the board of supervisors on behalf of the General Manager of the abolition of the annual meeting of the shareholders’ resolution of their savings within the enterprise between China and Russia broke out, therefore the long-standing conflicts. The next day, Wang Ting Yi and part of the company management and staff forcibly took control of office buildings, announced that the board resolution is invalid and to prevent new chairman, as well as on behalf of the General Manager to enter. An extreme conflict in Shandong Red Sun Ah Kam shareholders of the company carried out between China and Russia. Both China and Russia derive from a range of issues into the attention to the deep-seated contradictions. The two sides view Shandong Red Sun Ah Kam is China’s first batch of foreign-controlled joint ventures. December 14, 2001, ‘dating’ the red more than two years in the Jinan and Ah Kam signed a joint venture agreement. Accordingly, the Linyi City Guozi Ju holding red chemicals 58% (7540 million) in the transfer of state-owned shares to the Russian Ah Kam companies, mergers and acquisitions amounted to 20.85 million U.S. dollars, Ah Kam became the Red Sun Chemical’s largest shareholder, at the same time to retain our employees, and business layers. Ah Kam has an annual output of 1.7 million tons of compound fertilizer, ammonium nitrate production capacity of 1.8 million tons, is the world’s number one multinational fertilizer companies; Red Sun Chemical is currently the largest S-based NPK compound fertilizer production enterprises, and has a huge