A number of illegal activities are banned in the market when senior executives are fined

Reporter learned yesterday, the Branch court group when chairman, when as general manager, when the financial director, such as 3 people due to the violation of the Securities and Futures Commission to enforce the penalty of market ban.　　According to the SFC's investigation, Branch Court Group (now renamed as "Sino-hong Real Estate") has the following illegal behavior: not according to the provisions of the disclosure of securities investment, not recovered securities investment funds fictitious for the construction works and fixed assets, not according to the provisions of the disclosure of bank borrowing behavior, the outstanding loan interest is fictitious as under construction. It is understood that since the launch of the IPO in May 2000, Suzhou group to its own and Anhui Institute of Applied Technology, the name of a number of individuals, the use of self-management and entrust the Fujian Securities, New trust, investment in capital, Heng Sheng Investment in the way, in 18 institutions engaged in securities or futures investment,　　And the use of the external operation of the way to transfer funds to the Securities Business Department. 2000, the Yuan group invested 370.05 million yuan, 300,000,039.920,000 yuan, the investment balance of the year is 69.6508 million Yuan, 2001 years, invested 283 million yuan, recovery capital of 168 million yuan, the current investment balance of 115 million yuan, the cumulative investment balance of 100,008,465 Yuan, 2002, investment capital of 80,000 yuan, recovery capital 7 million 0 yuan, the accumulated investment balance is 100,008,265.80,000 Yuan. Of the above funds, there are 298.05 million yuan to raise funds.　　For these securities and futures investment, the group has not been disclosed in a timely manner, nor is it disclosed in its annual report in 2000, 2001 or 2002. To this end, the SFC identified Wangderong Group as chairman of the market is prohibited, permanent shall not be a listed company and engaged in securities business institutions of senior management positions, the company as the financial controller Sun Lian as the market is prohibited, 5 years shall not be in any listed companies and securities business institutions of senior management positions , when the general manager Zhou Runnan as the market is prohibited, 3 years shall not be a listed company and engaged in securities business institutions of senior management positions.