Yang Wensun, A Fashion Enterprise, Has Been Exposed To Many Crimes.

In the textile industry

It is understood that since August 21st, a post entitled "Yang Wensun, the sinners who broke up Meyer" has been posted on the Internet. The article lists several major "counts" of Yang Wensun, chairman of the company, including the company's funds, and using personal relations to install confidants in the key link of the dress, the left hand and the right hand.

After the incident, some important websites posted overnight, but left a lot of suspense to people.

So what does the post say, is it groundless?

Yang Wensun: "sinners" or "meritorious officials"?

In response to some reports released by some Internet media, Yang Wensun, who broke up the sinners of Meyer, Mei Er issued a clarification notice in the evening of September 6th, saying that the content of the article violates and distorts the objective facts, which has adverse effects on production and operation, and seriously infringes the reputation right of Hubei Meyer Group Limited and its legal representative Yang Wensun.

In September 8th, I called Xu Leihua, a director of Meyer.

In the announcement, Meyer was clarified separately for several major accusations alleged by the reveler: Yang Wensun led the management team to make a bankrupt conglomerate out of trouble, and solved the problem of the 240 million yuan left by the historical group left by the company to occupy the non operating capital of the listed company, and promoted the smooth implementation of the company's split share structure reform; at the same time, it solved the biggest debt dispute between the group company and the company.

Regarding the controversy over Yang Wensun's collapse of Meyer, Meyer said he did not find the so-called "turn over" phenomenon, and denied that he had made OEM processing for various overseas clothing brands in the Chinese market.

The "Affiliate" of the subsidiary company "Mei Hong Company" is the related party holding the same shareholder. Its overseas business has only business relationship with the relevant textile and garment Department of Tokyo, and has not undertaken other third party businesses.

Meyer also said that production and operation has maintained steady growth, and the tax paid to the state has increased every year.

The industry believes that: "clothing is one of the pillar industries in Huangshi, but in recent years, it has become more and more weakened.

As long as the company has revenues, it is bound to pay a certain amount of tax, and taxes can not be used as a yardstick.

Public information shows that Meyer is the first batch to win the "China famous trademark". In March 2011, Meyer company won the seventh China clothing brand annual award -- Quality Award.

However, in 2004, the annual report of Meyer went into a state of loss, revealing that the total profit loss was 48 million 940 thousand yuan, and net profit was 54 million 880 thousand yuan.

In the first half of this year, the company achieved a profit of 18 million 50 thousand yuan and a total profit of 18 million 60 thousand yuan.

The same well-known clothing listed company Shanshan shares in the first half of 2011

A local clothing marketing manager in Wuhan told the author: "Meyer is still in Huangshi, but Wuhan and even the whole market in Hubei, Meyer has been gradually down the cabinet, the share has been decreasing year by year, sales are not big, the competition of clothing brands in the field is fierce, the beauty is not going back, the brand value is very strong."

It is worth noting that the Meyer announcement specifically attributed Yang Wensun's credit to resolving the biggest debt dispute between the group and the company and promoting the company's split share structure reform.

As early as in May 2000 and November 2002, the Hubei Meyer textile and apparel industry group company, the controlling shareholder of Meyer, signed the agreement on debt to equity swap and the supplementary agreement on debt to equity swap agreement with XinDa, Asset Management Co and Huangshi Finance Bureau, and implemented debt to equity swap in December 2002.

This turning point is crucial for Meyer.

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According to Meyer's announcement at that time, after the debt to equity swap, Maer's original controlling shareholder Hubei Meyer textile and garment industry (Group) company was renamed Hubei Maer Group Co., Ltd., China XinDa Asset Management Co holds 79.94% of Hubei Maer Group Co., Ltd., Huangshi finance bureau holds the remaining 20.06% stake.

Clarification Announcement to avoid key issues?

According to the insiders, the scrutiny of Meyer's Clarification Announcement is a big step away from many important issues.

"Yang Wensun and his wife Hu Jian," Hu Jian, a general manager of Mei Hong Company affiliated to the company of Mei ya, has been attacking the business share of the company for a long time.

Arranged for his wife to be deputy general manager of the group, general manager of Mei Hong Company and general manager of sales company.

However, the announcement of Yang Wensun's wife Hu Jian's position is whether the company's sales general manager, Yang Wensun's wife, Hu Jianliang, Hu Jun, Hu Hong, and other responsible businesses are not responsible for the explanation.

Is it true that the revelations are not empty?

In this Clarification Announcement, Meier said that the CCB can not participate in the business activities of the enterprises under the restrictions of banking regulations. In order to return the standardized corporate governance structure, in view of the gradual improvement of the operation situation of the Maier group, according to the request of the CBRC, China Construction Bank agreed to pfer its holding of Maier group 79.94% by letter of Construction No. 2011 [6].

Meyer said at the same time that many companies such as Chinese innovation group Shanghai science and Technology Co., Ltd. and Jiangyin Zhenxing wool textile mill are participating in bidding.

It can be found that Jiangyin revitalization wool textile mill and other main suppliers of garment materials for the marketing of the domestic market of the Chinese market.

Insider told the author: "if sales are done by his wife, then the relationship is self-evident. Revitalizing Woollen Mills is also a concerted action.

The revitalization of wool mills and the practice of Meyer are acting in concert, and the grasshoppers on the same rope are buying and selling each other. It is only a repetition of the "left-handed right-handed" game of self interest that has long been lost in the capital market.

This is not only the case, but when the stock market is sold in Hubei, there is also a provincial level exchange in Guangxi. Why is there so much money in the stock market?

It's also worth pondering.

I will continue to follow the report.

Yang Wensun, the head of the Meyer, was exposed to many crimes.