The Chaori Solar shareholders fear easy to master

The first equity pledge appears in the February 16, 2011, this time from super day listing only a short period of four months, the announcement shows that Ni Na will hold 180 million shares pledged to Anhui Guoyuan Trust LLC.

    Since then, Ni-Na and Ni Kailu succession Equity Pledge Union Trust Limited Zhongrong International Trust Co., Societe International Trust Co., Ltd., Minmetals International Trust Co., Ltd., Shandong International Trust Co., Ltd., Suzhou Trust Co., Xiamen International Trust Co., Ltd., and natural persons Tommy. Zhongrong International Trust Co., Ltd. and Shandong International Trust Co., Ltd. held the largest share.

    By July 2012, the total number of Nikai Lu pledged stock has accounted for 37.14% of the total share capital, Ni-Na pledge the solar cell stock total number accounted for 6.3% of the total share capital, equal to the father and daughter have all pledge to go out all the stock. Since then, after another two shares held pledge to lift the announcement, but pledge to lift has a new pledge immediately follow it as long as the total number of shares has been maintained at full load.

    Far, and the two last sum pledged occurred in the November 13, 2012, of Ni Kailu and Ni Na holds 3960 shares and 3140 shares pledged to Shandong International Trust Co., the purpose of applying for loans. The two men is the total number of pledged shares accounted for 37.35% and 6.51% of the total share capital.

    Su Weili told reporters, Nikai Lu not only has to pledge their shares out, all stock even Su Weili I have also been Nikai Lu to cover their short positions in the form of all pledged to the trusts.

    "Ultra-day sun stock prices, the original value of the stock is insufficient to support the amount of its financing, so they need more stock to cover short positions, and I helped him fill." Su Weili explained. He also told reporters that cover their short positions to be completed in two months ago, Nikai Lu him to ensure that the investment will not risk.

    Su Weili also have trust has said, and the end of the year if you can not pay back the money, the Trust will solar panel auction hands all day sun stock, when the Ultra-day sun shareholders will change, and the real reason for the suspension by the last week super day sun this.

    Su Weili, once the arrears can not return them on time, all day sun stock held by its own will be trust processing.

    "Woe," not a single line

    Su Weili disclose, the Nikai Lu still in its senior management team, employees and neighbors to raise funds. One executive told Nikai Lu want to invest in Bulgaria refinery in its own grounds to executives fundraising, adding that guarantee good return, he revealed. "At present, there are some executives and neighbors are looking for him for money." Su Weili told reporters. These details have not been Nikai Lu have confirmed.

    This year, the entire banking system there has been a change in support of the PV companies, other businesses are affected, in addition to the CDB to encourage and support the "six six small" enterprises can be maintained, including the original loan stock. Su Weili told reporters ultra Day this year by banks tightened their lending involving 78 banks, the amount of hundreds of millions of Ultra-day sun "worse".

    "Ultra-day sun, good business, I am still optimistic about his business." Said Su Weili.

    Another solar industry analysts also believe that the ultra-Day had been on the direction of the whole industry chain layout, polysilicon, wafers, cells, modules to power plant construction and more business through acquisitions and new already have. In the photovoltaic industry crisis this year, but also to maintain a positive profit has been commendable. But above analysts also said the absence of the management is the Chaori biggest problem Chaori internal in addition to the chairman, the ability of executives lackluster, enterprise management chaos.