(Original Title: Kong Gang Sentenced to Life Sentence for Fraudulent Illegal Income of Lianchuang Share Merger and Acquisition Target)
Lianchuang Co., Ltd. (300343) announced on November 20 that the company received the “Criminal Judgment” issued by the Intermediate People’s Court of Zibo City, Shandong Province. Kong Gang was sentenced to life imprisonment. The illegally obtained cash and stocks of the criminals will be recovered, and the shares of Lianchuang, the victim unit, will be returned.
On September 29, 2017, Gao Shengning and others signed the “Equity Acquisition Agreement” with Lianchuang, agreeing that Lianchuang will acquire 50.10% of the equity of Shanghai Investment Company by paying 648 million yuan in cash, and the cash obtained will be used to increase its holdings of Lianchuang , and promised that the deduction of non-net profits realized by Shanghai Jiatou Company from 2017 to 2019 should not be less than 98 million yuan, 122.5 million yuan, and 155 million yuan respectively, and signed a performance compensation commitment.
On August 16, 2018, Gao Shengning and others signed the “Agreement on Issuing Shares and Paying Cash to Purchase Assets” and “Performance Commitment Compensation Agreement” with Lianchuang Co., Ltd., agreeing that Shandong Lianchuang Company will acquire the remaining 49.90 million yuan from Shanghai Jiatou Company at a price of 684 million yuan. % equity, the payment method includes private placement of 54,719,584 shares and cash payment of 170,907,500 yuan, and promises that the deduction of non-net profit of Shanghai Investment Company in 2018-2020 shall not be less than RMB 122.5 million, 155 million yuan, and 169 million yuan respectively.
From 2016 to 2019, the defendants Kong Gang, Gao Shengning, Wang Yun, Huang