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1.5 million transfer fee to recover

Mr PANG and Mr Tang is business partner for many years, and in 2003, they saw big market potential, started up a partnership investment of 5 million yuan in Dongguan Changan town, mold-making plant, each 50% share.

2006, for both on enterprise and development exists serious of differences, coupled with Peng Mr career another has development, so, Peng Mr on and Deng Mr consultations equity transfer matters, get Deng Mr of agreed Hou, both signed has equity transfer agreement, agreed Peng Mr will all equity and not distribution profit pricing 3.53 million Yuan transfer to Deng Mr, Deng Mr first times paid Peng Mr cash 2 million Yuan, three months Hou paid 1 million Yuan, balance 530,000 yuan year-end settled. Both sides agreed, after Mr Tang to pay the down payment of 2 million Yuan, two partnership management alloy die plant will be managed by Deng alone, the balance when closing mould factory stock that is all owned by Mr Tang.

in the first section after three months, Peng Deng asked, according to the agreement to pay the second tranche of share transfer fee of 1 million Yuan, but Mr Deng on the grounds of inadequate liquidity to be delayed. Mr Pang door-to-door collection, poor management and bad business but Mr Tang said factories, unable to pay for the time being. Mr PANG for the protection of their own lawful rights and interests of victims, forced to bring proceedings before a court, asked Mr Deng paid 1.53 million worth of transfer fees and late fees. Sittings of the Court, Mr Tang legitimately call still refused to appear before the respondent, the Court found that Peng and related receipts as proof of the transfer agreement, facts are clear, the evidence should be found, so judgment Mr Peng win. Then Mr Pang is unexpected, after the judgment of the Court, Mr Tang about the mold factory under the name equity transfer, transfer all assets to the brother-in-law. Frustration, Mr Patten through friends found us, asked us to help them recover the entitlement of equity transfer fee.

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