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Green earth case ending the public market fraud at no cost _ Yahoo! Finance
as the "Yunnan Province, the largest green seedlings planted in Yunnan province enterprises, only a national city landscape construction class qualification of enterprises", "performance" bright green earth. According to its prospectus in 2005 and 2006, digital, sales year-on-year growth of 8% and 21% respectively, year-on-year net profit growth of 11% and 26% respectively. From the first half of 2007 earnings,nfl jerseys, the company >
according to the Commission's investigation, *ST geodetic party alleged false assets, virtually increased income,hogan, fake bank documents,ray ban pas cher, fictitious bank transactions, tamper with the financial information, insider trading.
*ST geography should be returned to raise funds,air jordan pas cher, a direct delisting.
2006 year in November, green earth for the first time will be No. In 2007 October, the company two times, two months after the landing of Shenzhen,hollister uk, Yunnan province has become the first landing of private enterprises. With false performance, green earth issued 21000000 shares, issue price of 16.49 yuan, 346000000 yuan of financing. United securities underwriter, sponsor for Li Haixiang, Li Xundong two people.
but at the beginning of 12, criminal judgment *ST Earth received makes market staggering: Court of Guandu District of Kunming city on the case to make verdict, stock fraud and sentenced to a fine of 4000000 yuan *ST the earth, about the IPO 1% to raise funds; with the same charges,hollister, the company chairman He Xue original sunflower and company financial director Jiang Kaixi two people were sentenced to three slow four, two other parties were sentenced to two slow three, a party was sentenced to a slow two, all participants were released, no one received substantial punishment,abercrombie. The Guandu District Court judge
in the capital market influence is extremely bad, known as the "Yinguangxia" second "green earth (10.72, 0.41, 3.98%)",louboutin pas cher; the outcome of the public market.
Kunming City, at the sentencing on maximum use leniency in meting out punishment to the *ST,abercrombie france. Swindlers Company 346000000 yuan from investors circle, do the Bureau retreats, fine by the listing Corporation -- actual commitment by all investors.
released the first half of the month in the judgment, *ST geodetic announcement, said and Yunnan Investment Holding Group Co., Ltd. (hereinafter referred to as the cloud cast group) signed an agreement of intent share transfer books, this should be the delisting of the company, has benefited from the radical restructuring.
fraud
but the essence, *ST geodetic case distorted by defects in A share market can not be delisted, eventually the deceiver retreats, making the vast moral hazard. Let offenders illegal without cost, this is not to protect the interests of investors, but also exacerbated the market injustice.
in a recent briefing, the Commission responsible person, Yunnan green land Biological Technology Co., Ltd,ray ban. (002200.SZ, referred to as the green earth, now known as *ST) is a typical listing Corporation fraudulent issuance of cases, major case, the nature is very bad,louboutin.
on the surface, this outcome is to the satisfaction of all -- investors listing Corporation false statements, stock prices caused the loss due to restructuring, asset injection, rose won compensation. Yunnan province is saved a listing Corporation qualification,louboutin pas cher.
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