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Although the IPO project by rate recent record low, but still non-enthusiasm for listing. On November 25, "the new third" Beijing longitudinal Technology Corporation (hereinafter referred to as "vertical technology") intends to visit gem IPO, this was because the violations listed company Beijing kerui (002350 valuation, assessment, quotes, news, the major trading) patented technologyLosing enterprises, its largest shareholder is the former staff from Beijing kerui can be said to hang on to two companies. In addition, reporters also found that in the vertical list of major shareholders of science and technology, there is one seat is controlled by China Baoan group venture capital institutions. If longitudinal technology this smooth, patent issues would inevitably be a stumbling block for future development, but this section pE investment income of more than 10 times are guaranteed. Mired in "patent door" according to the SFC to disclose, the gem 25th Audit Committee be longitudinal gem IPO matters of science and technology. Disclosure documents show that cable network distribution and control equipment and related technology services-in-vertical technology planning to issue shares to 27.4 million shares, to raise money will be invested in "intelligentOutdoor ring network switchgear production line reconstruction project "three major projects. This is a longitudinal second pass through the IPO, the gem of science and technology, as early as 2010, third Board trading longitudinal technology are interested in Sprint gem, when the general meeting of shareholders of the company will consider the adoption of a motion on the GEM listing. But in preparation for the listing period, the rival paper infringement Beijing keruiComplaint made-in-vertical shadow on plans to market for technology. Beijing kerui believes that longitudinal technology produced "FDS series fault indicator" model for FDS-1A, FDS-2A, FDS-1T and so on May 18, 2000 and was granted and their manufacturing methods in "short-circuit fault detection method and indicator of the current path" patents for inventionTechnical features are basically the same, violated plaintiff's legitimate rights and interests, courts of appeal people apologize to the defendant to stop infringement, on the specify media, compensation of RMB 10 million yuan in economic losses. Although longitudinal view of science and technology, using technology derived from the above product "transmission and distribution networks fault indicator" patents, the patent has expired, related technologies had become public knowledge sharing technology�� But after hearing, the Court of first instance considered, technology used for these products fall into the plaintiff's "short-circuit fault detection method and indicator of the current path" scope of patent protection for inventions, constitute patent infringement. And judgment of longitudinal technology Beijing kerui immediately cease the violation of the patent right for invention and compensation Beijing kerui 372,000 Renminbi Yuan in economic losses. Also because Beijing kerui spotBenefit disputes, vertical technology listings in abeyance. Executives are mostly kerui original team, in fact, vertical relationship between technology and sharpening of the listed company Beijing Branch is not as simple as that. Vertical technology of open declarations, reporters found that longitudinal Beijing kerui senior technology executives are almost the same batch of people, it can be said that Beijing kerui company executives were former officials. SubsectionLiu Zegang is one of the major shareholders. According to the documents, before the public offering, Liu Ze-longitudinal technology 28.24 million shares total share capital of 34.36%. Data show that prior to the establishment of longitudinal technology, between September 1991 and Liu Zegang in Beijing kerui engaged in sales, Sales Manager. Liu Zegang 1997Months when a sharp departure from the Beijing Branch had two years ' prohibition obligations. In April 1997, Liu Zegang-funded longitudinal limited (predecessor of the longitudinal technology), the initial two years engaged in spread spectrum communication and distribution of integrated detection equipment indicated sales agent. Similar things happen in the second-largest shareholder Wei Qiang's body. Offering report displays your artwork, Wei Qiang held vertical technology15.32 million shares stake close to 19%. And before serving vertical technology, June 1995, Wei Qiang in Beijing kerui sales back office manager positions, work contracts, participation in trade shows, customer reception swtor credits, finishing and printing information, and so on. Wei Qiang kerui from Beijing at the termination of obligations two years ' prohibition. 19April 97, Wei Qiang and Liu Zegang, who has funded longitudinal limited was initially two years engaged in comprehensive testing table of spread spectrum communications equipment and distribution of thousands of sales agents. Another Zhang Renzeng, Takaboshi, and other senior executives and major shareholders, as the Beijing Division �� managers. And in such a number of shareholders of longitudinal technology, have been issued the Declaration, verify that it is fulfilled on the NorthBeijing kerui prohibition of business strife and the obligations and the obligation of confidentiality at the same time, vertical technology still being Beijing kerui accusation of infringement. China Baoan, a "masterpiece" investment income of more than 10 times when, in longitudinal technology in the list of shareholders, there is also a famous hehe shareholdersShows that venture in China not only financial strength, its major shareholder China Baoan Group shadow. Reporting data show that China venture in 2004 capital increase-in-vertical technology. When China VC money $ 4.85 million subscription-funded, longitudinal technology registered capital increased to $ 11.93 million. Prior to release, VC holders-in-vertical Chinese science and technology3 million shares, 3.65% of the total share capital. Inspection of China's venture investment letters journalists basic information was informed that the company was founded in 2000, initiated by the Democratic establishment, specializing in venture capital investment, fund management and other business organizations, is one of the earliest venture capital institutions. China VC main shareholders are China Baoan group, the Chinese source baseJin Hui, Tong Wei group, Linda swtor power leveling, days are groupings, and so on. In fact, vertical technology is not the first single PE investment venture in China. Reporter search of relevant information found that China venture investment record there in Dongjiang environmental (8230,HK), Ding Chinese technology (300011,SZ), Huang Shi dairy industry (002329,SZ), Dragon chemical (300054,SZ), vertical technology (430018,SZ) and potassium-rich (8306,HK). Among them, Dje VCs can be said to be China's best works. China venture capital CEO Wang Yijun once said in public media, early Chinese VCs project if Dje, book returns as high as 56 times, nearly two-year projects such as the Huang Shi dairy, book46 times the rate of return (above data up to the first quarter of this year). Reporters help China venture capital accounts, according to October of electronics, information technology industry of Shenzhen Stock Exchange disclosure about 44 times times average earnings, as well as longitudinal technology last year earnings per share of $ 0.50 to calculate, vertical technology issue price can roughly estimated at about $ 22 per share. China venture capital4.85 million worth of 3 million shares held by the contributions of and to calculate, equivalent to a stake in price about $ 1.62/units only. ����As a result, if longitudinal smooth technology will, Chinese venture in the longitudinal body of science and technology can make a dozen times. 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