财联社·2026-01-27 14:24Core Viewpoint - The investigation into Xiong Haitao, a wealthy entrepreneur from Sichuan, has raised concerns regarding the legitimacy of the acquisition of Dongcai Technology, one of the companies he controls, during its controversial state-owned enterprise reform in 2005 [1][2]. Group 1: Company Background - Xiong Haitao, born in April 1964 in Mianyang, Sichuan, has a history of working in local enterprises and later co-founded Jinfa Technology with her ex-husband Yuan Zhimin [1]. - Xiong Haitao became the actual controller of three A-share companies: Dongcai Technology, Yichang Technology, and Gaomeng New Materials [1]. Group 2: Controversial Acquisition - The acquisition of Dongcai Technology in 2005 involved a contentious transfer of 100% equity for only 92.8 million yuan, which was significantly lower than its assessed value [2][3]. - Allegations suggest that Xiong Haitao and Yuan Zhimin had a hidden relationship with Guangzhou High-tech, which acquired Dongcai Technology for a price marginally above the assessed value, raising questions about the fairness of the transaction [3]. - After the equity transfer, the local government was responsible for approximately 90 million yuan in employee settlement costs, leaving a net gain of only 2.8 million yuan for the government [3].