[Focus] It took 4 years! The equity competition of Shanshui Cement may be settled at one stroke
According to the insiders, according to the facts found by the arbitration tribunal, it is confirmed that Chen Mouqing’s purchase of shares took place first, and Jinan Industrial Development Group intervened, and the transaction arrangement that the employee shareholders signed the Share Rights and Interests Transfer Agreement with Industrial Development Group belongs to two sales of one share.
Industry insiders pointed out that Chen Mouqing was bound to apply for the cancellation of the original judgment of the Tianqiao Court based on the full weight of the ruling of the Trade Arbitration Commission.
Recently, the China International Economic and Trade Arbitration Commission (CIETAC) issued the [2022] CMZJZ No.
It is reported that at present, Chen Mouqing’s lawsuit of revocation of the third party is still suspended in the second instance of the Jinan Intermediate Court and the retrial of the Shandong High Court.
Contact gravel aggregate website: 0571-88260510 Email: cssglw@163.com Website: www.cssglw.com.
.
Finally, the two parties were determined to be entrusted to purchase shares.
According to the award, the arbitration tribunal, based on the existing evidence and through consideration of the contract content, rights and obligations, consideration and other aspects, all the 10 “loan agreement disputes” initiated by Chen Mouqing were identified as contracts to purchase the equity of China Shanshui Investment Company Limited.
Source: relevant reading on China.com.cn [Project] Shanshui Group: actively promote the implementation of mining, aggregate processing and other projects in Baishan City [Sandstone Miles · Shandong Station] Pingyin Shanshui: promote the transformation and upgrading of sand and stone supply base in western Shandong Province [Cooperation] Shanshui Group’s proposed annual output of 2 million tons of fine sand and stone aggregate project [Dynamic] Shanshui Cement’s proposed resumption will sort out mine resources Construction of sand and stone production line [attention] Conch 1.76 billion shares subscribed for 250 million shares of CSCEC Western Construction! Carry out cooperation in 7 fields to understand industry hotspots and pay attention to real-time trends! Set an industry model and spread green sand.
(HK: 00691).
Next, if the Hong Kong High Court can conduct a new trial in accordance with the provisions of the Supreme People’s Court’s Arrangement on the Mutual Enforcement of Arbitral Awards between the Mainland and the Hong Kong Special Administrative Region, the confrontation between “one case and two judgments” will soon break down, and the protracted issue of ownership of shares will also come to an end.
Chen Mouqing, an investor in Henan Province, and 11 employees and shareholders of Shanshui Investment have been arbitrated by the China International Economic and Trade Arbitration Commission for more than four years around whether the capital of more than 800 million yuan is entrusted to purchase shares or to borrow money.
0524 award, which settled the equity dispute case of China Shanshui Investment Co., Ltd.
(hereinafter referred to as “Shanshui Investment”), a shareholder of the Hong Kong listed company China Shanshui Cement Group Co., Ltd.
At present, this ruling made by the Arbitration Commission will play a decisive role in the ownership of the equity of Shanshui Investment in the future, and then “hammer the nail” for the series of disputes in Shanshui.
After four years of waiting, this belated ruling finally brought down the curtain on the long-running controversial farce of “one share for two sales”.