Core Viewpoint - A home furnishing company in Jiangshan, heavily in debt, attempted to transfer its shares for a symbolic price of 1 yuan, which was revealed to be a debt evasion scheme by the original shareholders [1][2] Group 1: Company Background - The company is co-owned by three individuals: Liu, Cheng, and Xia, and has faced operational difficulties leading to a complete breakdown of its financial chain [1] - Since July 2024, the company has been sued by employees and suppliers, accumulating a total debt of over 3.5 million yuan, with over 600,000 yuan owed in wages to 43 employees [1] Group 2: Share Transfer Details - In June 2024, the original shareholders transferred their shares to two investment firms in Shenzhen and Hainan for 1 yuan each, while changing the legal representative to Nie, who is also the legal representative of one of the investment firms [1] - The transfer was not a legitimate market transaction but a carefully orchestrated debt evasion strategy, as the new shareholders were also involved in multiple enforcement cases and had no intention or ability to operate the company or settle debts [2] Group 3: Legal Actions and Outcomes - The Jiangshan court took immediate action by sealing the company's assets and collaborating with various departments to investigate the case due to the suspicious nature of the share transfer [2] - The market regulatory authority determined that the share transfer concealed significant debts and wage arrears, leading to the annulment of the share transfer registration and restoration of the original shareholders' status [2] - Following the intervention of multiple departments, the original shareholders managed to raise funds to pay off all outstanding wages to the 43 employees [2]