如果不(bu)是股權(quan)轉讓(rang),各(ge)方對山東章鼓(gu)(002598)大股東所持股權(quan)性質的不(bu)同理解,還(huan)會繼(ji)續隱藏下去。
山(shan)東章鼓大股(gu)(gu)東持(chi)有股(gu)(gu)權性質顯(xian)出復雜性,從歷(li)史沿革上看(kan)(kan),該部分股(gu)(gu)權性質為集體(ti)股(gu)(gu),但從目前管(guan)理來看(kan)(kan),被(bei)納入國有股(gu)(gu)進行(xing)管(guan)理。
山東(dong)章鼓歷年(nian)年(nian)報,將大(da)股(gu)東(dong)所持股(gu)權性(xing)質列為國(guo)(guo)有(you)(you)股(gu),大(da)股(gu)東(dong)性(xing)質為“國(guo)(guo)有(you)(you)法人”,中登公司將該部(bu)分納入國(guo)(guo)有(you)(you)股(gu)進行(xing)管理。
這中間哪個環節出了(le)問題(ti),是個“羅生(sheng)門”,如何解(jie)決這個問題(ti),在資(zi)本市場上也欠缺先例可循。
轉讓
山東章鼓(gu)5月(yue)(yue)18日(ri)公(gong)告,公(gong)司(si)大(da)股東章丘市(shi)(shi)公(gong)有資(zi)產(chan)經營有限(xian)公(gong)司(si)(注:章丘市(shi)(shi)2016年撤市(shi)(shi)變(bian)更為濟南市(shi)(shi)章丘區)計劃(hua)將(jiang)所持山東章鼓(gu)29.81%股權(quan)悉數(shu)轉(zhuan)讓給亞都科技,6月(yue)(yue)1日(ri)山東章鼓(gu)又公(gong)告章丘公(gong)有資(zi)產(chan)公(gong)司(si)和亞都科技未能(neng)達成協議(yi),決定(ding)終止(zhi)股權(quan)轉(zhuan)讓。
據了解,終止該部(bu)分股(gu)(gu)權(quan)轉讓(rang)(rang)(rang)的原因(yin),主(zhu)要在于(yu)該部(bu)分股(gu)(gu)權(quan)是國(guo)有(you)(you)還(huan)是集(ji)體所有(you)(you)尚有(you)(you)爭議(yi)。深交所向山(shan)東章鼓(gu)(gu)發問(wen)詢(xun)函,要求核查大股(gu)(gu)東是否有(you)(you)繞開國(guo)資(zi)轉讓(rang)(rang)(rang)流程(cheng)的行為。6月4日證券時(shi)報以《山(shan)東章鼓(gu)(gu)國(guo)有(you)(you)股(gu)(gu)東轉讓(rang)(rang)(rang)控股(gu)(gu)權(quan)程(cheng)序違規 試圖繞過國(guo)資(zi)監管(guan)部(bu)門遭緊急叫停》報道此事。
章(zhang)丘(qiu)公(gong)有資產公(gong)司稱其所(suo)持(chi)山東章(zhang)鼓股權為集體(ti)性(xing)質,可無需按(an)照規定(ding)履行國有股轉讓的相應程序。
章丘公(gong)有(you)資產(chan)公(gong)司列舉的證據主要有(you)兩種,一種是山東章鼓上市前曾(ceng)轉讓(rang)股權(quan)和增資,都是按照集體產(chan)權(quan)性質來辦,不(bu)用履行國有(you)資產(chan)管理規定,山東省政府對此有(you)批(pi)復。
另外一(yi)個證據,是以社(she)保(bao)轉(zhuan)持(chi)(chi)逆向證明(ming)。按照 《境(jing)內證券(quan)(quan)市場(chang)轉(zhuan)持(chi)(chi)部(bu)分(fen)國(guo)有(you)(you)(you)(you)(you)股(gu)(gu)(gu)(gu)東(dong)充實(shi)全國(guo)社(she)會保(bao)障基(ji)金(jin)實(shi)施(shi)方(fang)案(an)》財企〔2009〕94號文規定(ding),股(gu)(gu)(gu)(gu)改新老(lao)劃斷(duan)后,凡在(zai)境(jing)內證券(quan)(quan)市場(chang)IPO的(de)(de),除非(fei)另有(you)(you)(you)(you)(you)規定(ding),要將(jiang)部(bu)分(fen)國(guo)有(you)(you)(you)(you)(you)股(gu)(gu)(gu)(gu)轉(zhuan)由社(she)保(bao)基(ji)金(jin)會持(chi)(chi)有(you)(you)(you)(you)(you)。2011年4月(yue)15日,章(zhang)丘(qiu)市人(ren)民(min)政府下達章(zhang)政字[2011]15號《章(zhang)丘(qiu)市人(ren)民(min)政府關于山東(dong)省(sheng)章(zhang)丘(qiu)鼓風機(ji)股(gu)(gu)(gu)(gu)份有(you)(you)(you)(you)(you)限公(gong)司股(gu)(gu)(gu)(gu)東(dong)不適(shi)用國(guo)有(you)(you)(you)(you)(you)股(gu)(gu)(gu)(gu)轉(zhuan)持(chi)(chi)規定(ding)的(de)(de)批(pi)復》,確認“公(gong)有(you)(you)(you)(you)(you)資產公(gong)司所持(chi)(chi)有(you)(you)(you)(you)(you)的(de)(de)發行人(ren)的(de)(de)股(gu)(gu)(gu)(gu)份性質為一(yi)般法人(ren)股(gu)(gu)(gu)(gu),不屬于國(guo)家(jia)股(gu)(gu)(gu)(gu)或國(guo)有(you)(you)(you)(you)(you)法人(ren)股(gu)(gu)(gu)(gu),不應履行《境(jing)內證券(quan)(quan)市場(chang)轉(zhuan)持(chi)(chi)部(bu)分(fen)國(guo)有(you)(you)(you)(you)(you)股(gu)(gu)(gu)(gu)充實(shi)全國(guo)社(she)會保(bao)障基(ji)金(jin)實(shi)施(shi)辦法》中規定(ding)的(de)(de)國(guo)有(you)(you)(you)(you)(you)股(gu)(gu)(gu)(gu)東(dong)的(de)(de)轉(zhuan)持(chi)(chi)義務(wu)。”
通過了(le)證監會對上述問(wen)題的審核后(hou),山東(dong)章(zhang)鼓(gu)2011年7月上市,這也說明山東(dong)章(zhang)鼓(gu)大股東(dong)所持股權屬集體(ti)股,得到權威部門的背(bei)書。
集體股
山(shan)(shan)東(dong)(dong)章鼓前(qian)身(shen)為山(shan)(shan)東(dong)(dong)省章丘鼓風機廠,再往前(qian)可(ke)追溯至章丘縣(xian)明水城區街道手(shou)工業者組成的合作組織,后(hou)經(jing)章丘縣(xian)革(ge)委(wei)會工業組整(zheng)合組建(jian)成為農業服務的手(shou)工企業,1968 年成立(li)章丘縣(xian)第二農具廠,1969年9月更名為章丘縣(xian)風動(dong)機械廠,開始(shi)生產鼓風機。
一開始的(de)街道小廠,慢慢發展(zhan)起(qi)來,這家公(gong)司原(yuan)為隸(li)屬于(yu)章(zhang)丘(qiu)市經(jing)濟貿易局(ju)的(de)集體企業,2006年(nian)1月(yue)13日(ri),改(gai)制為山東省章(zhang)丘(qiu)鼓(gu)風機廠有限(xian)公(gong)司,注(zhu)冊資本為8000萬元。
在山東章(zhang)(zhang)(zhang)鼓(gu)(gu)IPO在律所出具的(de)(de)工(gong)作報告顯(xian)示,章(zhang)(zhang)(zhang)鼓(gu)(gu)有限(xian)(xian)由章(zhang)(zhang)(zhang)鼓(gu)(gu)廠改(gai)制(zhi)(zhi)設立,改(gai)制(zhi)(zhi)前(qian)章(zhang)(zhang)(zhang)鼓(gu)(gu)廠是隸屬于章(zhang)(zhang)(zhang)丘市(shi)經(jing)委的(de)(de)市(shi)屬集(ji)(ji)體企(qi)業,在章(zhang)(zhang)(zhang)鼓(gu)(gu)廠多年(nian)發展(zhan)過程中,其(qi)(qi)歷史(shi)背(bei)景復(fu)雜,人員變(bian)動頻繁,本(ben)著(zhu)既保證(zheng)公(gong)平合(he)理, 又兼顧(gu)集(ji)(ji)體企(qi)業當時的(de)(de)成員利益的(de)(de)原則, 章(zhang)(zhang)(zhang)鼓(gu)(gu)廠改(gai)制(zhi)(zhi)為章(zhang)(zhang)(zhang)鼓(gu)(gu)有限(xian)(xian)時,章(zhang)(zhang)(zhang)丘市(shi)按照集(ji)(ji)體企(qi)業改(gai)制(zhi)(zhi)的(de)(de)有關法律法規(gui)規(gui)定,由章(zhang)(zhang)(zhang)丘市(shi)公(gong)有資產(chan)公(gong)司持有改(gai)制(zhi)(zhi)后(hou)的(de)(de)章(zhang)(zhang)(zhang)鼓(gu)(gu)有限(xian)(xian)60%的(de)(de)股(gu)(gu)權,以保證(zheng)章(zhang)(zhang)(zhang)丘市(shi)集(ji)(ji)體資產(chan)的(de)(de)安全(quan)(quan)和增值(zhi)。章(zhang)(zhang)(zhang)鼓(gu)(gu)有限(xian)(xian)其(qi)(qi)余40%的(de)(de)股(gu)(gu)權,由章(zhang)(zhang)(zhang)鼓(gu)(gu)廠當時的(de)(de)全(quan)(quan)體職工(gong)以工(gong)會持股(gu)(gu)形式持有,其(qi)(qi)中經(jing)營(ying)層購股(gu)(gu)2000萬元、占25%,中層及以下干(gan)部和職工(gong)購股(gu)(gu)1200萬元、占15%。
該(gai)工作報告特別說明(ming),章鼓(gu)有限整(zheng)體變更設立章鼓(gu)股份后,章丘公(gong)有資(zi)(zi)產公(gong)司持有的由章鼓(gu)廠改制凈資(zi)(zi)產出資(zi)(zi)形成的股權為集體性質的一般法人股。
中國企業改革與發展研究會副(fu)會長周放(fang)生認為(wei),章丘公有(you)資產公司所(suo)持山東章鼓股權是集(ji)體股。
他認為,在改(gai)(gai)制時該(gai)(gai)部分(fen)(fen)股權(quan)是(shi)集體性(xing)(xing)(xing)(xing)質(zhi)(zhi)(zhi),由誰持(chi)有(you)不改(gai)(gai)變該(gai)(gai)部分(fen)(fen)股權(quan)性(xing)(xing)(xing)(xing)質(zhi)(zhi)(zhi),改(gai)(gai)變股權(quan)性(xing)(xing)(xing)(xing)質(zhi)(zhi)(zhi)的辦法是(shi)捐贈,或者出(chu)售,章丘公有(you)持(chi)有(you)該(gai)(gai)部分(fen)(fen)股權(quan)性(xing)(xing)(xing)(xing)質(zhi)(zhi)(zhi)如果改(gai)(gai)變,就要有(you)捐贈協議,表明是(shi)集體捐贈給(gei)了國(guo)家(jia)。當年上市時按集體資(zi)產處理,就說明性(xing)(xing)(xing)(xing)質(zhi)(zhi)(zhi)沒有(you)改(gai)(gai)變,上市之后該(gai)(gai)部分(fen)(fen)股權(quan)的性(xing)(xing)(xing)(xing)質(zhi)(zhi)(zhi)也不會發生變化(hua)。
中(zhong)證(zheng)(zheng)網(wang)(wang)聲明(ming):凡本(ben)(ben)網(wang)(wang)注明(ming)“來(lai)(lai)源(yuan):中(zhong)國(guo)(guo)證(zheng)(zheng)券報(bao)(bao)(bao)·中(zhong)證(zheng)(zheng)網(wang)(wang)”的所有作(zuo)品(pin)(pin)(pin),版權均(jun)屬(shu)于(yu)(yu)中(zhong)國(guo)(guo)證(zheng)(zheng)券報(bao)(bao)(bao)、中(zhong)證(zheng)(zheng)網(wang)(wang)。中(zhong)國(guo)(guo)證(zheng)(zheng)券報(bao)(bao)(bao)·中(zhong)證(zheng)(zheng)網(wang)(wang)與(yu)作(zuo)品(pin)(pin)(pin)作(zuo)者(zhe)聯(lian)合聲明(ming),任(ren)何(he)組(zu)織(zhi)未經中(zhong)國(guo)(guo)證(zheng)(zheng)券報(bao)(bao)(bao)、中(zhong)證(zheng)(zheng)網(wang)(wang)以及(ji)作(zuo)者(zhe)書面授權不(bu)得轉(zhuan)載(zai)(zai)、摘編(bian)或利(li)用(yong)其它方(fang)式使用(yong)上述作(zuo)品(pin)(pin)(pin)。凡本(ben)(ben)網(wang)(wang)注明(ming)來(lai)(lai)源(yuan)非中(zhong)國(guo)(guo)證(zheng)(zheng)券報(bao)(bao)(bao)·中(zhong)證(zheng)(zheng)網(wang)(wang)的作(zuo)品(pin)(pin)(pin),均(jun)轉(zhuan)載(zai)(zai)自其它媒體,轉(zhuan)載(zai)(zai)目的在(zai)于(yu)(yu)更好服務讀(du)者(zhe)、傳遞信息之(zhi)需,并不(bu)代表本(ben)(ben)網(wang)(wang)贊(zan)同其觀(guan)點(dian),本(ben)(ben)網(wang)(wang)亦不(bu)對(dui)其真(zhen)實性負(fu)責,持(chi)異議者(zhe)應(ying)與(yu)原出處單位(wei)主(zhu)張權利(li)。
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