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Is Dong Mingzhu's property frozen? Gree: The property preservation ruling has been lifted

via:博客园     time:2019/1/11 13:32:25     readed:406

On the evening of January 8, Gree Electric (000651) announced that the property under the name of Dong Mingzhu, the chairman of the company, had not been sealed up or frozen, and that Dong Mingzhu's normal performance and candidacy for the new board of directors had no impact.

Gree: The property preservation ruling has been lifted

Chengdu Business Daily - Red Star News reporter found that on January 1, the People's Court of Xicheng District of Beijing did issue a ruling of November 7, 2018, "Zhuhai Yinlong Group Investment Holding Group Limited Liability Company and Dong Mingzhu and other applications for pre-litigation property protection civil verdict".

According to the civil ruling issued by Beijing Xicheng District People's Court, Zhuhai Yinlong Investment Holding Group Co., Ltd. has applied to Beijing Xicheng District Court for property preservation on November 6, 2018, requesting that measures be taken to preserve the property valued at 14.3623.29 million yuan under the names of Tuojin Capital Management Co., Ltd. and Dong Mingzhu.

The court of Xicheng District of Beijing examined and held that the property insurance application filed by Yinlong Investment Holding Group of Zhuhai City conformed to the relevant legal provisions. According to the provisions of Article 101, Article 102 and Article 103, paragraph 1, of the Civil Procedure Law of the People's Republic of China, the court ruled as follows: the value under the names of the respondent Tuojin Capital Management Company Limited and Dong Mingzhu is 1436.2329. Property of ten thousand yuan shall be preserved. This ruling shall be enforced immediately.

As of January 6, 2019, Dong Mingzhu has pledged 192 million yuan, which is the second largest shareholder of Yinlong New Energy. Yinlong Group has pledged 286 million yuan, which is the largest shareholder of Yinlong New Energy.

However, Gree Electric explained in the announcement that the ruling referred to in the relevant reports had been lifted by the People's Court of Xicheng District of Beijing on December 29, 2018, and that the dispute in question had not been filed by the court.

And Geli emphasizes that, as of now, Ms. Dong Mingzhu has not received any other legal documents related to the lawsuit; after verification, Ms. Dong Mingzhu's property has not been sealed up or frozen.

Disclosure rulings show that if the applicant fails to file a lawsuit or apply for arbitration within 30 days, the preservation will be lifted. In other words, within 30 days after the ruling, Yinlong Group did not file a lawsuit or apply for arbitration? On Jan. 9, Chengdu Business Daily - Red Star journalist called Gree Electric Appliances. Relevant person in charge responded that the announcement should prevail.

Per capita salary increase of 1000 yuan

Not only has the property preservation ruling been lifted, but news of salary increases for Gree employees has also come out.

On Jan. 8, Gree Electric issued an internal document announcing that the salary of the whole staff will be increased from Jan. 2019, with a total salary increase of less than 1 billion yuan. Among them, technical posts, management posts, technical posts, production and ancillary posts will increase certain salaries according to different evaluation systems. The implementation scope includes employees who are in service and have been corrected on January 15, 2019.

Chengdu Business Daily - Red Star Journalist consulted the annual report of Gree Electric Appliances in 2017 and found that the total number of salaried employees of Gree Electric Appliances in the current period was 85,222, so the per capita salary increase was about 1,000 yuan. It is basically consistent with the salary increase for the whole staff in the past two years.

In addition, on January 1, 2019, Gree Electric issued several announcements, announcing the list of candidates for the Eleventh Board of Directors of Gree Electric. On January 16, Gree Electric will hold the first temporary shareholders'meeting in Zhuhai in 2019, and the election will be held when the election is seven months late.

That is to say, a few days later, Dong Mingzhu's re-election will be settled.

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