BOC Cashmere Industry High Growth Skin: Domestic Customers Concealing Nepotism

< p > the related party manipulates 17 accounts, once holding shares exceed 8% "/p >.

< p > if the a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107105" > cashmere industry "/a" is suspected of counterfeiting part of its export, the operation of its domestic business is even more frightening.

< /p >

< p > with the sample of the top five customers and the top five accounts receivable disclosed by the company in the past three years, the reporter combed out 5 core domestic customers, namely Ningxia snow crystal Cashmere Industry Co., Ltd., Lingwu City Junfeng cashmere Co., Ltd., Wuzhong Zhongxing Cashmere Industry Co., Ltd., Ningxia Guo Bin Cashmere Industry Co., Ltd., Ningxia Chengfeng industry and Trade Co., Ltd.

< /p >

< p > according to the on-the-spot investigation, the above companies are highly suspicious of the relevant companies of the Bank of China (cashmere) industry or the "member" enterprises that are actually controlled by them.

< /p >

< p > snow crystal industry, while doing business and stocks, < /p >

< p > August this year, the reporter came to the dry and peaceful Ningxia plain and visited the Lingwu cashmere park where the cashmere industry was located.

Many customers such as snow crystal velvet industry are also located in the park.

< /p >

< p > Industrial and commercial information shows that snow crystal velvet industry was established in May 2004. The legal representative is Liu Jinrong. It is the third largest customer in 2011 and the second largest customer in 2012.

The two companies are less than 1 kilometers apart.

< /p >

< p > information, snow crystal velvet industry is a deep processing enterprise which integrates cashmere combing, knitting wool, spinning, curing shirts, making and developing large scale cashmere products, import and export trade, and ethnic products production.

The total registered capital of the company is 10 million yuan, with 65 employees.

< /p >

< p > from the introduction of characters, < a href= "http://news.sjfzxm.com/news/list.aspx? Classid=101112107107" > snow crystal velvet industry < /a > and cashmere industry are competitors. Why purchase products from them? < /p >

< p > hang on the wall of the guest house on the office of snow crystal velvet industry: it has 260 tons of carding and no plush production capacity, and the products are supplied to Limited by Share Ltd of cashmere industry. This means that the snow cashmere industry is also a supplier of the silver cashmere industry.

< /p >

< p > it is necessary to introduce the production process of cashmere products: first, purchase cashmere raw materials, then rinse them into water washed velvet; water washed velvet is formed through carding without fuzz; no fluff can be made into velvet strips and yarns, and the latter can be made into finished products such as cashmere sweaters.

It can be seen that the snow cashmere industry is engaged in the process of washing from velvet to no plush.

< /p >

What is the connection between the snow cream industry and the Bank of China industry? Reporters interviewed many employees in the factory area. They all said that Liu Jinrong and Ma Shengguo worked together for several years and were very private friends. They were brothers who had always had cross investment.

< /p >

< p > at the same time, a reporter obtained evidence from the authority department showed that in 2010, the regulatory authorities had not checked the stock rights of the cashmere industry in the super proportion holding of Liu Jinrong's control of "Huang XXX" and other accounts.

< /p >

< p > according to the investigation, Liu Jinrong has entrusted Zhu Mou and Wang to operate "Huang Mou" and other 17 fund accounts to buy and sell silver and cashmere industry stocks. The funds are provided by Liu Jinrong, and the related rights and interests belong to them.

< /p >

< p > at that time, the "Huang Moumou" account group held 9 million 539 thousand shares of the Bank of China, accounting for 5.75% of the issued shares, and more than 5%. After that, the proportion of shares in the Bank of China was up to 8.84%.

< /p >

< p > the regulatory authorities found that Liu Jinrong's behavior violated the securities law.

Moreover, Liu Jinrong's operation method is more concealed, and the intention of illegal trading and evading investigation is more obvious, which is intentional illegal.

The regulatory authorities decided to give Liu Jinrong a warning and impose a fine of 600 thousand yuan.

In Ningxia, the reporter confirmed by many parties that Liu Jinrong, who was investigated by the regulatory authorities, is Liu Jinrong, a legal person in snow crystal industry.

< /p >

< p > the SFC "information disclosure management of listed companies" clearly stipulates that shareholders of listed companies holding more than 5% of listed companies, their concerted actions and actual controllers should submit a description of the list of affiliated persons and their relationship.

The parties to the paction shall not avoid the related procedures and information disclosure obligations of the listed company by concealing the relationship or taking other measures.

< /p >

< p > Shenzhen stock exchange < < a href= > http://news.sjfzxm.com/news/list.aspx > Classid=101112107108 > > Listing Rules > /a > and other statutes also require that shareholders of listed companies holding more than 5% shareholders and their concerted actions and actual control persons should be identified as related parties. Meanwhile, other listed companies identified by the principle of substance over form have special relationship, which may cause the listed companies to tilt their interests to relevant parties and should also be identified as related parties.

Its pactions are disclosed and regulated according to the rules of related party pactions.

< /p >

< p > up to now, the cashmere industry has not listed the snow cashmere industry as a related party in its periodic report.

In the context of knowing that Liu overruled the company's shares, BOC also insisted on working closely with it.

< /p >

< p > besides the snow crystal velvet industry, other domestic customers also obscured the relationship in a more secretive way.

Looking for business information, Junfeng textile industry was founded in June 2001. The legal representative is Wang Yonggui, the first largest customer in 2010, the second largest customer in 2011, and the fourth largest customer in 2012.

The two companies are about 1.5 kilometers apart.

Judging from its main business, Junfeng is also an interbank company in the cashmere industry.

< /p >

< p > reporters visited the Junfeng industry. The doorman said that the company was in a state of shutdown, and there were no employees in the factory. When to resume production, it is still unknown.

Reporters later identified the relationship between the company and the cashmere industry as a purchaser. The latter blurted out: "Ma Zong bought the factory in 2009, and now we comb them."

But when he finished, he startled and asked, "are you a buyer? Why don't you know this?" < /p >

< p > reporter visited Zhongxing wool industry again.

Industrial and commercial information shows that the company was founded in May 2005, the legal representative is Ma Jinzhong, the fifth largest customer in 2010, the fifth largest customer in 2011 and the first largest customer in 2012.

< /p >

< p > check the information. Zhongxing wool industry specializes in processing domestic carnage, and export products are mainly sold to Dawson and Italy fine Neda company. Now there are 200 tons of non plush production capacity.

It can be seen that Zhongxing is also an interbank company in the Bank of China.

< /p >

< p > reporters only interviewed one of the guards in the Zhongxing factory.

He said that the company had been bought by Lingwu a large cashmere enterprise, and now it has been suspended for more than half a year.

< /p >