Shareholders Sue For Dissolution Of Beijing Dakang International Shoes City

Two shareholder The company sued for the dissolution of Beijing Dakang International Shoes City Co., Ltd. on the ground that the business was getting worse and worse. The reporter learned on the 10th that because the two shareholders of Dakang Shoes City and the plaintiff reached an agreement, the Fengtai Court decided to dissolve Dakang Shoes City in the first instance. In the court judgment, the reporter saw that the Shoe City once argued in the lawsuit that there are only more than 300 rental stalls in the Shoe City now. Basically since last June, all tenants have started to owe rent, and daily operations are unsustainable. The business of the Shoe City is on the verge of closing.

Two shareholders, Wang Mou and Wan Mou, sued and said that in June 2003, Dakang Shoes City was registered and established. They each contributed 9 million yuan, and the other two companies each contributed 15.066 million yuan and 3.674 million yuan. Wang was the vice chairman and general manager of the company at that time. Subsequently, all the shares of the shareholders of the two companies were transferred to Pengrun Real Estate Co., Ltd., and the chairman, legal representative and manager of Dakang Shoes City were changed to the famous millionaire surnamed Huang in China.

The two shareholders said that in August 2005, the company stopped Wang's operation and management of the company, deprived the two plaintiffs of their right to participate in the company's decision-making, and the operation and management of Shoes City was completely controlled by the Huang Family. In the years when Dakang Shoes City was operating, it did not sign lease contracts with merchants or collect rents. So far, it has not held an effective shareholders' meeting or board of directors, never disclosed its financial situation to them, never paid them salaries, nor did it pay dividends to shareholders. The company's operating condition has deteriorated.

At present, Letao The rental rate of the stalls has dropped significantly, all high-quality merchants have lost, and the company is on the verge of bankruptcy. The two shareholders believed that the cooperation between shareholders was at an impasse, and their huge investment would suffer heavy losses if the company continued to exist. Therefore, the court is requested to dissolve Dakang Shoes City.

In the lawsuit, Dakang Shoes City and the third person, Beijing Pengrun Real Estate Holding Co., Ltd., another shareholder of the company, agreed to dissolve the company.

However, Dakang Shoe City also said that what the two plaintiffs said "continue management It will make its huge investment no gain, and its interests will suffer heavy losses ", which is inconsistent with the fact. The reason why Shoes City agreed to disband was that the two plaintiffs failed to fulfill their duties as shareholders, lacked the spirit of cooperation, and committed many acts that damaged the interests of the company, such as privately collecting rent from tenants, reselling stalls, and transporting at high prices.

In addition, the two plaintiffs and Pengrun Real Estate, another shareholder of the company, could not form an effective resolution of the shareholders' meeting for a long time, which led to the failure of the company's various work to be effectively promoted, the company's operation became more and more difficult, the daily operation was indeed unsustainable, and the business of the shoe city was on the verge of closing. Therefore, the purpose of cooperation between shareholders could not be realized, and the interests of shareholders could not be guaranteed, so the continued cooperation company would inevitably go bankrupt. After careful consideration, Shoes City and Pengrun Real Estate Company agreed to dissolve the company.

After hearing the case, the court held that both Dakang Shoes City and the third party recognized the claims of the two plaintiffs and did not violate the law, so it decided to dissolve Dakang Shoes City. Both sides said they would not appeal against this.

Yesterday, Dakang Shoe City was still in business. Mr. Zhang, the specific person in charge of the Shoes City, told the reporter that the Shoes City would still be in business for a while, but he didn't want to say much about how long it would last and how to deal with the aftermath. He quickly hung up the reporter's phone.