Chong Hing Resources Less handsome fencing Roar announcement stunned investment circle by the SSE ordered to suspend business

No one would have thought, the listed company Chuang Xing Resources can put the solemn letter in the notice, the whole into a dog blood drama. Yesterday, the company released a "History of the most furious announcement", Nu scold a yellow surname Personage uses the media to attack the listed company, caused the listed company share price to plunge, causes the listed company market value to lose hundreds of millions of yuan. In the comfort of small and medium-sized investors, the company's major shareholders, including to the listed companies free of charge to the rare earths shares, including three commitments to maintain the company's share price. Data show that the company's boss Chen 1986 was born, last August just took over command, has gone overseas gold-plated. Netizens can not help but ask, "the 28-year-old chairman of the SSE [micro-BO] letter into the through train when the media play, your father know?" "A A-share singular audience onlookers in this announcement, Chong Hing Resources first complained that" there is a surname yellow man behind the manipulation, ten years ago, he used the media to write articles threatening to blackmail and succeed, and in the text with "villain", "hiding in the Dark", "sinister, cunning", "professional Blackmail Master", "evil forces" and other adjectives to describe "the surname of the yellow people ”。 Subsequently, Chong Hing resources to small and medium-sized shareholders shouted, said "some people use the media to attack listed companies, resulting in the stock price of listed companies plunged, so that the market value of the listed company hundreds of millions of yuan, incredibly still playing the banner of the rights of Thief." Then, Chuang Hing Resources for the company founder Chen "unfairness", said that "2009 Chen for buying their own shares was designated as ' insider trading ' crime, Chen although feel very injustice, but also accepted this reality, waive appeal." At the end of the announcement, the company's major shareholders made three major commitments, including the development prospects, profitability of the resources of assets free of charge to the listed companies, large shareholders recently increased the company shares. The announcement, which caused a stir in the investment circle, appeared. There are ridicule: "The announcement imagine outstanding, emotional rich, straightforward, is a a-share spectacle"; There are riddles: "professional blackmail for nearly ten years, yellow surname who is the villain?" "More people call the" shocking ": Chuang Hing Resources in the bulletin used 12 exclamation point, and listed companies should be more rational statement of the facts rather than vent emotions. Less handsome behind-the-scenes operation threw out such a blockbuster, Chong Hing Resources play a missing. Yesterday morning, the company said, due to important issues have not been announced all day suspension. "Gold Securities" reporters call the company's public telephone, has been no answer. People familiar with the matter said that this unprecedented media-type announcement, by chairman Chen personally fencing. According to the data, Chen was a former chairman of the son of Chen, born in 1986, September 2004-May 2009 at the U.S. State University to pursue architecture. "Chen 9-year-old to study in the United States, the company insiders said that the young chairman does not understand the way of the way." "The explosive material person says so. Reporters familiar with the Shanghai Investment Bank analysis, "single from the bulletin in many places for Chen petitioners also see out, even if not personally fencing, under the president's behest, is certain." "Gold securities" reporter noted that the creation of resources, "wanton, resentful" in the previous announcement has been a clue. On March 31, the company targeted the mediaThe report issued a clarification bulletin, that is, "a small number of ulterior motives, distorted the facts, the use of media disinformation attacks, in order to achieve the individual extortion of listed companies or large shareholders, and thus create a resource stock price volatility" language. April 3, the company again to clarify the announcement, pointing to "a few people to create a resource bulletin one-sided excerpt, out of context, resulting in the creation of resources stock price fluctuations." During this period, a company executive also disclosed to the media, some investors to the large shareholder extortion, and bring the Law Group to defend rights, major shareholders in order to calm down, but to the investor account into a certain amount of money. No matter what the truth, investment, legal people generally believe that listed companies should use legal weapons to uphold the interests of the company, rather than in the form of announcements to separate the array. "A listed company that has been investigated by the SFC [Weibo] has not said in its bulletin that it is involved in breaking the law, but thinking of reversing the case, it is really incredible." Shanghai Oriental Cambridge Law firm Securities Lawyer Wu Lijun to the "gold securities" reporters blunt. The SFC disclosed that the former actual controller Chen was sentenced in September 2010 by the Xiamen Intermediate Court, sentenced to two years ' imprisonment for insider trading, and suspended for two years; the Shanghai Archosaur Landscape Development Co., Ltd., Chen as chairman, was fined more than 19.15 million yuan for committing insider trading. At that time, the prosecutor's office accused, beginning in February 2007, Chen plans to control the Shanghai Zhen Long Real Estate Development Co., Ltd. into the assets of Chong Hing Technology (the predecessor of Chong Hing Resources), from April 17, 2007 to May 9, Chen and his wife to buy a certain operation of the creation of technology stocks amounted to more than 4.8 million shares, The above period of the purchase of Chong Hing technology stocks accumulated earnings more than 19.15 million yuan. It is worth mentioning that March 27 Chong Hing Resources received a notice, the CSRC decided to file an inspection company. The media speculated that the company had been filed for inspection or was linked to a high-priced acquisition of Rare-earth assets. May 2012, Chong Hing resources to 104 million yuan from Shanghai Zhen Dragon to buy Sangri Golden Crown 70% Equity, Sangri Golden Crown core assets for holding aluminum Guangxi nonferrous Chongzuo Rare earth Development Co., Ltd. 27% of the equity. Company disclosed on November 15, 2012, the company received the supervision of the Shanghai Securities Regulatory Bureau on October 29. The regulatory letter from the Shanghai Securities Regulatory Bureau shows that, compared to the January 2012 Chongzuo Rare Earth Equity transactions, the company acquired the Sangri Golden Crown held Chongzuo rare earths 27% equity, the value added rate reached 182.24 times times, the regulatory layer asked the company to explain this. Shanghai: Chong Hing Resources are determined to release July 1, 2013, the SSE information disclosure through the through-train business formally implemented, the biggest change is that the company can register through the information Disclosure system and disclose the audit category after the announcement, and the announcement of their own responsibility. Yesterday, some insiders believe that the creation of resources, "Spit Tank" bulletin hit the Shanghai Express Soft Rib, "how to avoid the letter on the train into a micro-trust friend circle?" "April 30, the SSE on the official microblog platform hairThe response to the announcement, said April 29 in the afternoon to create a resource through the SSE listed company Information Disclosure Business Management system, according to the pre-audit bulletin category submitted "Pro 2014-12" notice. The Shanghai stock Company's regulatory authorities found that the disclosure of media coverage, the major shareholder commitments and other matters such as the form and language statement and information disclosure requirements, and then at 17:30 will be announced through the information disclosure system returned to the company, and remind should be based on objective facts. After verification, the aforementioned announcement returned, the company also on its own audit post after the category, in the information disclosure system to submit the same announcement. To this end, the SSE on April 30 before the opening of the company's shares suspension. At present, the company's regulatory authorities have issued a regulatory inquiry to the company, and the SSE said that since the implementation of the through-train, the vast majority of companies have been able to disclose their announcements in accordance with relevant provisions of laws and regulations, the market and investors generally affirmed. Equity more pledge big shareholder impatient share price fell in the announcement, Chuang Hing Resources repeatedly mentioned, "villain to let the company share price collapse, the market value of heavy losses." But there is no denying that the value of the maintenance company has its own heart of "small 99." 2013 Annual report shows that the company's largest shareholder Xiamen Baihui Hing Investment Co., Ltd. owns 62.54 million shares of Chuang Hing Resources, but in the pledge status of 40.93 million shares, while the Xiamen Bo NA Technology Co., Ltd. holding the company's 33 million shares are all in the pledge state. The latest release of the 2014 quarterly report shows that two shareholders in Xiamen Ocean Group Co., Ltd. 43.51 million shares, 9.75 million shares were pledged. It is understood that Xiamen Baihui Hing Investment Co., Ltd., Xiamen Dayang Group Co., Ltd. and Xiamen Bo na Technology Co., Ltd is a concerted action. And in the two-tier market, the share price of Chuang Xing Resources fell all the way, April 28 in the disc touched the lowest point of 4.93 yuan. So far this year, Chuang Hing Resources have fallen 23%, far more than the same period Shanghai Composite Index. In accordance with the provisions of the trust or the bank, if the price of the pledged stock falls more, the pledge party will be required to provide additional security, if these shareholders do not have other collateral to supplement, will face the "no shares again" or even control Shang embarrassing situation. The anxiety of the large shareholder of Chuang Xing Resources is conceivable.