129667840508584142_254Although the IPO project by rate recent record low, but still non-enthusiasm for listing. On November 25, "the new third" Beijing longitudinal Technology Corporation (hereinafter referred to as "vertical" technology) to gem on the IPO is not, the once because the violations listed company Beijing Rui (002350) against the patent technology of enterprises, its largest shareholder is from NorthThe former staff of the Beijing kerui can be said to hang on to two companies. In addition, reporters also found that in the vertical list of major shareholders of science and technology, there is one seat is controlled by China Baoan group venture capital institutions. If longitudinal technology this smooth, patent issues would inevitably be a stumbling block for future development, but this part of the PE investments on more than 10 times the benefits of the nailNail thing.
Mired in "patent door" disclosure documents show that cable network distribution and control equipment and related technology services-in-vertical technology planning to issue shares to 27.4 million shares, to raise money will be invested in "intelligent outdoor ring network switchgear production line reconstruction project" three major projects. This is a longitudinal second pass through the IPO, the gem of science and technology, as early as 2010Year, at third Board trading longitudinal technology are interested in Sprint gem, when the general meeting of shareholders of the company will consider the adoption of a motion on the GEM listing.
But in preparation for the listing period, rival Beijing kerui paper infringement lawsuit-in-vertical shadow on plans to market for technology. Beijing kerui believes that longitudinal technology produced "FDS series fault indicator" mediumAs FDS-1A, FDS-2A, FDS-1T and other products, on May 18, 2000 was granted and their manufacturing methods in the "short-circuit fault detection method and indicator of the current path" the invention of the patented technical features are basically the same, violated plaintiff's legitimate rights and interests, appeal defendant to stop infringement, of the people's Court in specified media apology, compensation for economic lossLoss of 10 million Yuan. Although longitudinal view of science and technology, using technology derived from the above product "transmission and distribution networks fault indicator" patents, the patent has expired, related technologies had become public knowledge sharing technology. But after hearing, the Court of first instance considered, technology used for these products fall into the plaintiff's "short-circuit fault detection method and indicator of the current path" patents for inventionThe scope of protection, which constitute patent infringement.
And judgment of longitudinal technology Beijing kerui immediately cease the violation of the patent right for invention and compensation Beijing kerui 372,000 Renminbi Yuan in economic losses.
Also because kerui patent dispute with Beijing, vertical technology listings in abeyance. Executives are mostly kerui original team, in fact, longitudinal and listed company of science and technology Beijing kerui relatedNot quite as simple.
Vertical technology of open declarations, reporters found that longitudinal Beijing kerui senior technology executives are almost the same batch of people, it can be said that Beijing kerui company executives were former officials. Liu Zegang was one of largest shareholder. According to the documents, before the public offering, Liu Ze-longitudinal technology 28.24 million shares, 34.3 per cent6% of the total share capital. Data show that prior to the establishment of longitudinal technology, between September 1991 and Liu Zegang in Beijing kerui engaged in sales, Sales Manager. Liu Zegang in February 1997 when a sharp departure from the Beijing Branch had two years ' prohibition obligations. In April 1997, Liu Zegang, pay the limited longitudinal (longitudinal technology) With initially two years engaged in comprehensive testing table of spread spectrum communications equipment and distribution of thousands of sales agents. Similar things happen in the second-largest shareholder Wei Qiang's body. Offering report displays your artwork, Wei Qiang held vertical technology 15.32 million shares stake close to 19%. And before serving vertical technology, June 1995, WeiStrong kerui sales back office manager positions in Beijing, work contracts, participation in trade shows, customer reception, finishing and printing information, and so on. Wei Qiang kerui from Beijing at the termination of obligations two years ' prohibition. In April 1997, Wei Qiang and Liu Zegang, who has funded longitudinal limited was initially two years engaged in spread spectrum communications equipment and distribution comprehensive testing tableThousands of sales agents. Another Zhang Renzeng, Takaboshi, and other senior executives and major shareholders, as the Beijing Division 锐 managers.
And in such a number of shareholders of longitudinal technology, have been issued by the Declaration, has confirmed its prohibition of business strife in Beijing kerui obligation and the obligation of confidentiality at the same time, vertical technology still being Beijing kerui accusation of infringement. China Baoan, a "masterpiece" voteCapital gains of more than 10 times when
swtor power leveling, in longitudinal technology in the list of shareholders, there is also a famous hehe shareholder-China venture capital Corporation Limited (hereinafter "China venture").
Data show that China venture capital not only strength, its major shareholder China Baoan Group shadow. Report shows that venture in China in 2004, capital increase-in-vertical technology.When China VC money $ 4.85 million subscription-funded, longitudinal technology registered capital increased to $ 11.93 million.
Prior to release, longitudinal 3 million shares of science and technology of China's venture capital holdings, 3.65% of the total share capital. Inspection of China's venture investment letters journalists basic information was informed that the company was founded in 2000, initiated by the Central Committee established, Specializing in venture capital investment, fund management and other business organizations, is one of the earliest venture capital institutions.
VC main shareholder include China Baoan group in China, the Chinese SI Yuan Foundation
swtor credits, Tong Wei group, Linda, days are groupings, and so on. In fact, vertical technology is not the first single PE investment venture in China. Reporter search of relevant information found that the China ventureInvestment record there in Dongjiang environmental (8230,HK), Ding Chinese technology (300011,SZ), Huang Shi dairy industry (002329,SZ), Dragon chemical (300054,SZ), vertical technology (430018,SZ) and potassium-rich (8306,HK). Among them, Dje VCs can be said to be China's best works.China venture capital CEO Wang Yijun once said in public media, early Chinese VCs project if Dje, book returns as high as 56 times, nearly two-year projects such as the Huang Shi dairy, book 46 times the rate of return (above data up to the first quarter of this year). Reporter helped China venture makes a square, if you follow the October of electronics, information technology industry of Shenzhen Stock Exchange disclosure about 44 times times average earnings, as well as longitudinal technology last year earnings per share of $ 0.50 to calculate, vertical technology issue price can roughly estimated at about $ 22 per share. China venture capital contribution of $ 4.85 million and 3 million shares held by calculation, equivalent to a stake of only about $ 1.62/unit. As a result, if longitudinal technology goes well, China ventureLongitudinal body of science and technology can benefit of a dozen times.
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