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Jiangsu Three Friends: 6 Years Of Fraud Road Is Very Difficult.

2010/6/28 12:38:00 44

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In June 26th, the most unsettled case of counterfeiting in the A share market has finally come to light. After more than two months' investigation by the SFC, a number of violations of the three friends in Jiangsu were exposed under the spotlight. While being punished by the SFC, they cheated the Jiangsu three friends who had invested in the 6 years for 6 years, and had to bow their heads to admit their mistakes.

The actual control of life has been hidden for 6 years.

Jiangsu's three friends did not even think that an ordinary announcement published in March 27th this year has become a sharp sword to expose its lies.

In March 27th, the text of "the actual controller's listing before Jiangsu became a secret friend of 6 years" has undoubtedly become the controller of this just sword.

In March 27th,

Jiangsu

Three friends released notice of interest change announcement,

Nantong

In June 5, 2004, the Municipal Textile Industry Association signed a share pfer agreement with Zhang Pu (the incumbent chairman of the board) and Chang Xiaogang and so on, and pferred the 53.125% stake of the Nantong friendship industry (Jiangsu three friends' large shareholders), of which the highest percentage of Zhang Pu pfered was 25.50%. The 9 largest shareholder of the company was pferred.

That is to say, for the three friends listed in Jiangsu in May 18, 2005, the actual controllers of the company had become Zhang Pu by the Nantong Textile Industry Association before listing.

However, after consulting the company prospectus, it was found that the pfer of shares mentioned above was not mentioned in one word, and the change of the actual controller was not mentioned.

On the 58 page of the prospectus, it is noted that the textile industry association holds 82.9% friendship industries, and the remaining 17.1% of the shares are held by 8 executives, such as Zhang Pu, apparently suspected of counterfeiting IPO materials.

In fact, Jiangsu's three friends have gone through a very hard time in the past 6 years. Their prospectus, annual report, semi annual report, share reform plan and so on, at least 13 major announcements are fraudulent and false statements, involving a large number and long duration.

Insiders pointed out that the reason why the three friends of Jiangsu conceal the above facts is to be able to go on the market more smoothly.

The Shenzhen Stock Exchange gave public condemnation.

After reporting the incident, it not only caused the shock of the market, but also attracted the attention of the securities regulatory bureau.

In April 1, 2010, Jiangsu three friends received the notice of investigation filed by the Jiangsu Supervision Bureau of the SFC.

The notice said that the company decided to investigate the company on suspicion of violating the laws and regulations of securities. The Jiangsu regulatory authority of the SFC decided to file a case investigation.

After more than two months of investigation, the violation facts of three friends in Jiangsu were finally uncovered.

According to the relevant provisions, the Shenzhen Stock Exchange has decided to give Jiangsu three friends a public condemnation.

At the same time, the Nantong friendship industry, Nantong Textile Industry Association and Zhang Pu gave public condemnation.

Sheng Donglin, director and general manager of the company, Ge Qiu, director and deputy general manager; Shen Yongyan, deputy general manager; Deputy General Manager Cheng Jianliang; financial director Shuai Jian; chairman of the board of supervisors Xie Jinhua; supervisor Zhou Jingwen criticized the punishment.

Jiangsu three friends announced today that the company and the relevant parties did not comply with the relevant provisions of the Shenzhen stock exchange in a timely, true, accurate and complete performance of information disclosure obligations in violation of the relevant provisions of the Shanghai Stock Exchange.

Companies and related parties have made sincere apologies to all investors on the provisions of the listing rules.

In addition, the company will hold a public statement of apology on the panoramic investor interactive platform recently.

Insiders questioned that if the media were not exposed, the big lies of Jiangsu's three friends will surely continue.

For ordinary investors, how can they trust this group of executives who have been collectively punished because of the loss of stock price fluctuations after the event is exposed?