Green Earth Survey: Yunnan woman richest man He Xuequ down 900 million bubbles

2007, He Xuequ's green land listing, her wealth expanded to 1.1 billion yuan, become "Yunnan woman richest Man".　　2 years later, problems followed, with the 2008 Annual report being referred to as a major error, followed by a drought that led to a 2009-year performance disclosure "error rate above 100%".　　The Securities and Futures Commission, a case study by the SFC, a freeze on shares held by individuals, and a cut in stock prices, were arrested after the IPO fraud, when star enterprises and famous entrepreneurs in Yunnan fell rapidly, leaving only a broken shell for investors.　　March 24, the weather in Kunming some overcast, cool wind through clothes with a chill. There were long queues in the doorway of the green Earth, and the young workers were holding lunch boxes. The procession extended from the canteen window to the outside of the building. They all seem to be around 20 years old, with even a few students on their faces, and only a handful of them look about more than 30 years old.　　They chatted for days, waiting for "not very good" pot. The canteen is only a small room, about 30 square meters. The staff seldom stay in the canteen after the meal, and most of them choose to go back to the office or the dormitory building. "Most of the buildings live in interns. "Green Earth Dong Liang Jiaqing Introduction said," The company with some Xiao, vocational school cooperation, receiving students to practice. "Their lives, as usual, came to the cafeteria 12 o'clock from work and went to work at 1 o ' clock." In their faces, you don't see the shadow of the crisis.　　And in the eyes of the outside world, the green Earth has long been a dark cloud pressure city. 3 days ago, March 21. Green land to convene the whole staff meeting. New Chairman Cheng, General manager Wang Guangzhong and other senior executives, as well as all the staff gathered together.　　This is a swearing, just the beginning of the Cheng face is more than 200 pairs of inquiry and questioning eyes. Wang Guangzhong first informed of the company's recent production, management and response to the crisis situation. Cheng's speech was more humane, and his speech was entitled "Rainbow after the Rain". He said: "After the storm, the sun shines on the Earth, despite the muddy road, we march forward." "Yunnan Green Earth Bio-Tech Co., Ltd. was founded by He Xuequ."　　March 18, the company issued a notice, approved by the Kunming Procuratorate, He Xuequ was arrested by the public security organs. Cheng said now the company's guiding ideology is "the company's past is the past, now is now, the company is the company, He Dong is what dong." "A few days before the arrest still frequent appearances 38 section she leads the staff to go outing, in the farmhouse small courtyard to toast merry." March 6 that day with the Agricultural Bank of China Kunming branch of the Loyan branch president of the company to inspect the base of March 18, the green Earth First notice He Xuequ announced for personal reasons to resign Green Earth chairman of the post.　　On the same day, another announcement apparently shocked the world: He Xuequ was arrested and arrested for alleged fraud in issuing shares. Green Earth Company is located in the Kunming economic and technological development zone, surrounded by companies. But because of the gardening industry, the architectural style of the green Earth is quite different from the surroundings. White office building with green "green ground" three words. Dormitory Building,The windows of the incubator center are decorated with a classical green frame. The yard was filled with flowers and grasses.　　There is an abandoned pool in front of the canteen. "The staff's mentality is very good, you see I know." Liang Jiaqing said, he patted his chest, his face was still smiling, "our wages can be received on time." "He Dong know that Zheng Dong is the chairman now," he said later, "but we can't get in touch with her, and I'm not sure she knows what's going on in the company."　　"He Xuequ was arrested suddenly, but not without a clue. December 22, 2010, He Xuequ informed the company, her shares in the company was frozen by the public security organs according to law.　　He Xuequ holds 28.63% of the Green Earth's shares, total 43,257,985 shares, is now worth about 900 million yuan, but 23 million shares have been pledged. The crisis did not erupt abruptly. As early as March 2010, because of the alleged disclosure of information violations, the SFC to the Green land investigation, but the results have not come out. In the same year December, He Xuequ's shares were frozen.　　One weeks later, the public security organs announced the investigation of the green land, because of alleged violations of disclosure, the disclosure of important information. After the announcement, a stone stirred the thousand layers of waves. On March 21, the head of the CSRC publicly answered questions about the green land fraud. A year ago, because the green Earth suspected information disclosure violation, the SFC filed for inspection. After the investigation, it was found that the situation was serious and might involve criminal offences and was transferred to the public security organs in September. After the He Xuequ shares were frozen in December, the price of the green land was cut off.　　3 months, has been hovering at 23, 24 of the price. 1996, He Xuequ founded Yunnan Estuary Green Dadi Industrial Co., Ltd. She entered the flower industry earlier, starting from 1992. So far, she was called "flower girl" because she had only one small flower shop in her first venture. He Xuequ hardly received media interviews to tell about her little-known entrepreneurial path. She is about 1.6-meter tall, "feeling vigorous, very straightforward." "The staff of the company judged her. Chaichangqing, an independent director, said: "It feels good to be quiet." As the first private enterprise listed in Yunnan, the green Earth is not a famous company to the ordinary citizens of Kunming. Even residents who live near the company say they have never heard of it.　　and He Xuequ in 2009 to 1.1 billion to the Hurun Rich List, become the richest woman in Yunnan. Just days before his arrest, He Xuequ was active in the company's activities. 38 section She leads the staff to go outing, in the farmhouse small courtyard to toast Merry.　　March 6 that day with the Agricultural Bank of China Kunming Branch Loyan Branch president of the company inspected the base. She pledged 23 million shares of personal equity to enable the company to obtain loans.　　Of these 14 million shares pledged to the Chinese agricultural Development Bank to obtain 140 million yuan loans, 5 million shares pledged to China Merchants Bank to obtain 60 million loans, 4 million shares again pledged to the Chinese agricultural Development Bank to obtain 60 million loans. OnAfter his shares were frozen, He Xuequ still donated generously to the company.　　She privately lends the company 43 million yuan, without interest. This condensed He Xuequ more than 10 years of painstaking efforts of the company, listed on suspicion of fraud, listed after the alleged disclosure of information violations.　　2010 a person in the industry has privately told the Financial weekly reporter, Green ground performance fraud industry know. Fraud issue and performance of green Land is the first listed private enterprises in Yunnan Province. Today, but with the local authorities led to a rumor. The head of the Securities and Futures Commission said that the company was suspected of "virtual increase in assets, virtual increase in income, false increase in profits" and other violations of the law after graduating from university last July, Liang Jiaqing into the office of Green Earth Dong. His job is mainly to disclose information and write announcements. The first announcements of the green land last July included an apology announcement.　　July 9, SSE to the green land and related parties to give disciplinary action.　　2009 Company annual performance of five times. October 2009, the company's third quarterly forecast annual net profit will increase 20% to 50%. Three months later, the company announced a big change in the data, saying the net profit for the year is likely to fall 30% from the previous year. One months later, the company issued performance letters, said 2009 the company's net profit of 62.12 million yuan. Two months later, the data changed again, with net profits turning to losses of about 128 million. Only two days after the annual report was officially released, reported a loss of 150 million.　　In two days the data was more than 20 million. Shenzhen stock said: "The company did not timely release results of the loss of notice, the company's 2009 years of performance has been revised several times, the correction before and after the company's performance of major changes in the nature of profit and loss, and the correction time is seriously lagging;" 2009 Corporate performance forecasts, performance letters and annual reports The error rate is over 100%. The company's explanation for the absurd farce of the year's performance is drought. Liang Jiaqing to reporters, "We know the reason is the drought, and other reasons are not clear." He said he hadn't come to the company that year, but in Yunnan, he felt how serious the disaster was. "That year there was a picture of the news, Premier Wen Jiabao standing on a cracked land, which is the location of a company base."　　"The same year, the company's only stake in the executive will Casey reduce the 530,000 shares, and the proceeds of 11 million yuan to the company to protect against drought."　　This year, He Xuequ personally donated 300,000 yuan in the hardest hit area is also the base of the construction of Hope Primary school. However, the disposal of the Shenzhen stock market also pointed out that, in addition to 2009 years of performance disclosure problems, the company's 2008 annual report there are major accounting errors, the sale returned to the outstanding account processing. This led to the company's 2008-year operating income retroactive adjustment reduced by about 23 million yuan.　　There are also many omissions in the 2009 Annual report. Green land in 2007, 2008, 2009 two consecutive annual report error. According to the company's February 2010 Annual performance letters, the total annual profit is about 37 million, an increase of 124.92% over the previous year. He Xuequ as early as 2004. After two years of preparation, 2006 years will be drubbing and return. A year later, the preparation of the full green land again Chong Guanzhong small version, and successfully logged into the capital market. The green land price is 16.94 yuan, He Xuequ holds about 24 million shares.　　After the listing, He Xuequ is worth more than 400 million.　　The green land prospectus shows that total corporate profits in 2004, 2005 and 2006 were about 48 million, 38 million and 39 million respectively. He Xuequ was arrested for alleged fraud in the issue of shares, which means there is a problem with the market performance of the green land.　　The head of the SFC said the company was suspected of "virtual increase in assets, virtual increase in income, false increase in profits," and many other violations. There is another rumor about He Xuequ's arrest. This was the "War of two women". Rumors that He Xuequ because of offending Yunnan Bureau of the Commissioner for Fan Hui was investigated. There was a post on the Internet that reported Fan Hui, and a picture of Fan Hui wearing Rolex watches and sky-high jewellery.　　However, the SFC to open the rumor that after investigation, the photo belongs to artificial synthesis. Looking back on the past, the green Earth is the first private enterprise listed in Yunnan Province. Today, but with the local authorities led to a rumor. Green Earth Building before a small garden, green Grass Yan Yan, the company's exclusive research and development of "late spring Smile" in the wind out of white flowers. Liang Jiaqing says he likes to sit here after dinner.　　Reporters saw the staff from the canteen quickly dispersed into the office building, the playground and the garden empty, not wenren sound. The future of the green Earth has been reported that March 18 before the purchase of green land stock investors can apply for compensation, but the people in the stock bar obviously do not expect the green earth to send a kind-hearted, they would prefer to have institutions to take the He Xuequ was detained in Yunnan Province detention center. According to the judicial profession, after entering the detention center, the personnel must cooperate with the public security organs for investigation. In principle, it is impossible to interview or to see unrelated personnel. According to our country's penal provisions, for those who commit fraudulent issue of shares, the supervisors and other persons directly responsible for the offence shall be sentenced to five years imprisonment or criminal detention.　　The former woman's richest man is likely to face prison. Cheng sat in the former He Xuequ position.　　He said the most important thing about the company now is "stability". "Now is the busiest time." "Liang Jiaqing said. Securities department a bear surnamed said: "Zheng Dong, Wang is always on business, securities business representative Sun Yangze also not."　　"The company's staff have repeatedly said they have no way to receive interviews. "Zheng Dong is actually very willing to come out to talk to you, but now really is too busy." "The company plans to hold a press conference," Liang Jiaqing said. "But there is no specific timeline for this explanation," he said. Located in the southwest corner of the green earth like a storm center, attracted various media visit. "There's so much media coming, almost every day. "But so far, Cheng has only received an interview with a mediaThe statement at the staff meeting was broadly the same. He has repeatedly stressed that the company is confronted with a "crisis of trust" rather than a "business crisis". Since He Xuequ's shares have been frozen, the price of the green ground has been cut off. He Xuequ was arrested and the green land stock fell. After the first day of the deal, the price of the market rose 7.58%. According to the SSE of the day of trading information, two institutions took the opportunity to flee. The reverse is only the day.　　After a few consecutive days, the price of the green land fell slightly every day. Liang Jiaqing every day in the office to pay attention to the company's stock price fluctuations. Ms. Bear, the head of the company's research and Development center, doesn't care. Now the most touching her is the company is the development of food rot cultivation. This is the latest technology of Green Earth, a kind of health products similar to cordyceps sinensis. Green land cultivates seedlings and sells them to farmers or other producers. Usually green ground developed new varieties will be sent to the base of their own production, but this product green Earth itself does not produce, "This is a new breed, many companies in Yunnan are studying, our technology is the most perfect, but it will take a while to fully mature." "The building next to the green Earth Building is a nurturing center with the fruits of Ms. Bear and other research and development members." Liang Jiaqing only went in once: "Inside is sterile environment, need to take off your shoes, some investors will ask to go in to visit." "Green ground to seedling sales started," Now project is the main way of profit. Ms. Bear said so. Compared with other listed garden enterprises, such as Oriental Gardens and palm Gardens, the price of green land is simply not noticeable. Oriental Garden is a famous high price stock, once rushed over 200. And the green Earth has never entered the hundred-dollar club.　　Oriental Garden, Palm Garden are mainly greening projects, after the drought, the green Earth to seek transformation, has been to the Greening project transition. For those who hold stocks, "retreat" is like an abyss not far ahead. Although there have been reports that investors who bought the green land stock before March 18 can apply for compensation, the people in the stock bar obviously do not expect the "green Earth to have a heart".