Being selected will become ghd straighteners first major stockholder. The GHD group goes in the year to at the beginning of, one after another through sells the GHD stockholder's rights in two levels of markets to receive in exchange more than 5 hundred million funds, repays this insufficiency 50,000,000 debts to preserve the GHD this shell resources sufficiently. The GHD group with competes buys the auction stockholder's rights the way to guarantee the shell actually laughable action, in the auction process, 77 lifts the sign GHD group is finally competes with 11 buys the enterprise which the side contends with.
The price finally is willing to disburse which by the ghd hair straightener australia group looked that, has already outdone this debt money sum ten times, obviously the GHD group lifts the sign to compete buys only realizes the auction final price auxiliary booster. The above insider analyzes. GHD each price turned 8 time of deal day price front lets the major stockholder GHD group finally completely leave the stage. According to reporter from the insider place understanding, the GHD assets reorganization began in at the beginning of last year.
Because as early as in 2006 the second half year, once some news called ghd hair straightener the major stockholder large amount fund to take the question to encounter the Chinese Securities Supervisory Association Jinan Examiner Bureau investigation, up to 2005 year's end, the GHD group and the affiliate company through the managerial channel,http://www.ghdstraighteneraustraliav.com/ the non-management took GHD the fund 216,000,000 Yuan. At the same time, according to 2005 the annual report, belonged to the GHD group's allocation center altogether to take the GHD near 700,000,000 Yuan cashes to 2005 year's end.
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