SFC: Wuliangye existence of the "three sins"
SFC: Wuliangye There is the "three sins"
Failure to disclose material behavior and a greater investment in securities investment losses, did not truthfully disclose major securities investment losses, the disclosure of the existence of main business income data errors
Concerned departments of China Securities Regulatory Commission 23, said that since July 28 on Wuliangye Yibin Co., Ltd. (the "Wuliangye") suspected of illegal activities in the record for audit has now found that there are three aspects of Wuliangye illegal behavior.
First, failing to disclose material behavior and large portfolio of investment losses.
According to reports, April 10, 2001, Wuliangye owned subsidiary of Sichuan Province, Yibin Wuliangye Investments (Consulting) Limited (hereinafter referred to as "Wuliangye investment") commissioned Wuliangye Group Import & Export Co., Ltd. of Sichuan Province to Sichuan Yibin Wuliangye related parties Holdings Limited loan 80 million yuan, and Sell Proxy Cooperation To private enterprises in Chengdu Chile Yi Plastic Products Co., Ltd. has conducted business in Chengdu, the Office of the Securities Fuqin Road and South Asia, part of the securities business hall to open accounts for securities investment, investment by Wuliangye responsible for specific operations.
2005 4 29, the outbreak of the Asian securities was due to the risk of administrative liquidation; May 31, 2007, Shanghai Second Asia Securities declared bankruptcy court ruled, are still in the liquidation stage. Cleared, and the Asian securities bankruptcy, Wuliangye investment holding accounts in the formation of 55 million yuan loss.
Earlier, Wuliangye investing in the December 21, 2000 to the system associated Fang Yibin vodka Wine Limited liability company invested 20 million yuan on behalf of investment securities, after the formation of more than 520 million of investment losses. To hide the fact that loss, this investment matters Wuliangye investment and Sichuan is rich virtual form of the loan investment company, and in December 25, 2002 from the co-investment funds in designated accounts back to 20 million yuan for the red.
Wuliangye did not disclose its subsidiaries, the capital of major securities lending and investment behavior, also not included in the financial statements of accounts; in securities investment funds, securities companies for clean-up and bankruptcy are limited, retain or transfer, the profits are not adjusted, resulting in financial Report any false record.
Not faithfully followed the disclosure of major securities investment losses.
According to reports, July 20, 2000, Wuliangye invested 130 million yuan investment in the Securities Division Department of Yibin business to open accounts for securities investment, 2005 fund balance at the end of 87.6179 million yuan.
2006 2 24, the Securities Division is the administrative liquidation of the outbreak because of risk. September 7, 2007, Beijing Second Intermediate Court ruled that declared bankruptcy in the Securities Division, Wuliangye investment then submit a claim; August 1, 2008, the Division securities settlement group will allocate funds for the first time the estate Wuliangye 4.5881 million yuan allocated to investment .
Wuliangye in 2006, 2007, 2008, interim report and annual report are above the monetary funds of funds as normal, to reflect the corresponding provision for impairment is not suspected of inflated profits.
Third is the main business income disclosed the existence of data errors.
According to reports, in 2007, Wuliangye owned subsidiary of Supply and Marketing Co., Ltd. Sichuan Yibin Wuliangye main business income was 7,250,661,500 yuan, but Wuliangye in its 2007 annual report disclosed that the subsidiary's main business revenue of 8,250,661,500 Yuan, consolidated after the main business income 7,328,555,800 yuan, which led to disclosure of the annual report of the main business income data does not match with the actual data, but not on the major errors Wuliangye be promptly corrected announcement.
China Securities Regulatory Commission official said the departments concerned, Wuliangye of such acts, for breaching the "Securities Act" Sixth 13 "issuers, listed companies to disclose information by law, must be true, accurate, complete, and shall not have any false record , misleading statements or material omissions "requirement.
Present, the case is still under investigation process. China Securities Regulatory Commission will soon find out the relevant facts and law to administrative punishment according to the procedure.
The person in charge at the same time that, to ensure implementation of information disclosure system, China Securities Regulatory Commission to increase supervision of information disclosure of listed companies at the same time, great attention to the illegal disclosure of cases investigated, and the movement of suspected crime public security organs held criminally responsible.
It is reported that since 2007, China Securities Regulatory Commission a total of 49 suspected cases of disclosure of illegal conduct an informal investigation, the official record for audit 44 cases, 16 cases transferred to public security.
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