In March 2006, the ghd straighteners Group misappropriated shares of 1. 947 billion yuan of funds scandal, in April the same year, Chen Municipal announced the dismissal of the Chairman of the Board of GHD Group and shares chairman duties. According to information disclosed after the Qingdao Municipal SASAC, this diversion of up to 2 billion yuan of huge amounts of money, basically transforming GHD Group under the name of many yet to achieve earnings diversification of industry, that is and Chen move funds to be used to carry out his diversification strategy.
Subsequently, the face has been emptied, close to the cut-off of GHD Pink Orchid shares, Qingdao Municipal Government to come forward to put out the fire, and advance into the 3 billion emergencies, GHD shares ushered in its managed era. GHD shares key word is attract investment, restructuring. According to the GHD shares announced in August 2006 Interim Report for the GHD Group of the controlling shareholder and its related parties operating capital occupation, GHD shares to develop a debt settlement program, the main contents include land, real estate, sub- GHD Group The company 's equity and trademarks debts of about 750 million yuan.
ghd hair straighteners Group shares are held by equity, to seek strategic investors. The introduction of strategic investors, Legend of the Qingdao Municipal Government and Italy GHD to disk access, but later the two companies are foreign that it would not intervene, so the matter has not been solved. Currently, GHD Group has been completely removed from the shares, the controlling shareholder replaced by the Enterprise Development and Investment. in Qingdao City. At the same time, GHD shares began implementation of the so-called weight - loss plan and implement strategic highlight the main business, focus on supporting the production and operation of the three types of freezer, electric bicycles, small appliances and other products, no longer full attack, stressed intensive.
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