Far East Leather Brothers enemies trample on the interests of family driven – le
HC Shoe Net April 13 hearing, the Far East in Wenzhou Leather Limited factory door, huge bright red, "500 Chinese private enterprises" signs seem to still talk about the past glory.
"Once, the Far East worth over 100 million yuan mark. Without any charge, the company can get from the four commercial banks, 30 million U.S. dollars in loans. Now, everything became a thing of the past." China Leather Vice Chairman, Guangdong Shoes Association Executive Vice President, Far Eastern Group founder Wang Min leather industry say this in the time tone could not conceal his sadness.
2010 3 1st, Pingyang County Public Security Bureau v. Min Min generation of identity cards issued illegally in the case of Wenzhou, Pingyang trial court to extend for three years in the Far East "giants grievances" re-Ran Zhanhuo. Result from the competition for 5,000 shares of stock brothers against each other, to be forcibly sent to psychiatric hospitals, to the two proceedings Pingyang County Public Security Bureau, Wang Min on his brothers, parents, and even the land of Wenzhou have a huge of contradiction. At one time, Wang Min and even "do not want to Wenzhou", and should move their household registration from Wenzhou, Guangzhou.
"I never dreamed would be the closest person to his calculations!" Said his brother Huai, Wong Chut, Min with the "greed", "betrayal", "kill" words such as extreme "They want to do is to eat up my hand, but the Far Eastern Group to create all the property!"
However, his brother Huai, Chu-as well as their parents there, "Zhejiang" reporter has heard another version. "My second son Min out of context, making a story, to the victims of the poor face to hide his greed and desires, he attempts to achieve long occupation of the siblings in the family business shares in the ratio of the ultimate objective of the Central Plains." Min's parents This said, even publicly posted on the network, said Wang Min is the family dispute "initiator."
A tangled for years, "Noble grievances," so begins.
5000 shares of stock "was transferred"
Family fortune in the Far East Wang Pingyang County, Wenzhou, Zhejiang, Wang four sons and a daughter, in addition to political boss Wang Wei (Pingyang County, Wenzhou City Public Security Bureau chief of residence), the second oldest Wang Ping, the third son Wang Min, fourth eldest Huai, Five Chu-Far Eastern Group are corporate executives. Over the years, efforts to work hard in the family, and eventually become the leader in industry. According to their official website, the Far East Paper Industry Group leather-based industry to get into Shoes , Gelatin, real estate, etc. There are 13 member companies, the total turnover has broken through the 2 billion yuan, total assets have now reached 1.2 billion.
10 years, as the founder, John Wong has been to open up markets abroad, the Group also based in Guangzhou. However, in November 2006, when John Wong, a lawyer of the group of five companies in Zhejiang, asset verification, they found their 5,000 shares in the equity of these enterprises in their own without the knowledge of all were transferred to the King Wai, Wong Chut, Wangping Deng's name.
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