Fujian high-speed financial tricks related transaction deception

Financial gimmick has always been a bad listing of companies, but the fast (600033) has been uncovered by the Securities and Futures Commission of the financial problems can be described by fraud.　　Analysts said that in recent years, Fujian high-speed business has been lackluster, coupled with the internal management of many problems, investment value is indeed relatively vague. A paper rectification to find many problems Fujian high-speed issued a notice yesterday, the China Securities Regulatory Commission Fujian Securities Regulatory Bureau on December 13, 2010 20th, the company conducted on-site inspection, and on February 11, 2011 made the "on the Fujian Development Expressway Co., Ltd. to take orders to correct the measures" (hereinafter referred to as "　　Decision book). In the Book of Decisions, Fujian Securities and Regulatory Bureau pointed out that Fujian high speed from corporate governance, standardized operation, information disclosure, financial system and accounting aspects of a large number of problems, which is only about Fujian high-speed in information disclosure and financial system exposed to the financial problems as many as 8.　　News disclosure, an investor angrily in a financial forum shouted "strong demand to strictly investigate the real situation of high-speed fraud in Fujian, to the vast number of investors a statement." Fujian high speed shares yesterday in this bad hit low drive low.　　The company's shares opened at 3.78 Yuan, 1.56% lower, followed by a low, and finally closed to 3.74 yuan, down 2.6%.　　Related transactions The decision book issued by the Fujian Securities Regulatory Bureau points out that the Fujian high speed conceals the related transactions between many companies and subsidiaries and other affiliated companies. After the Fujian Securities and Regulatory Bureau confirmed that the company's holding subsidiary of the high speed to the associated party Luo Long leased office space, the lease period from January 1, 2009 to December 31, 2013, in 2009, a total of 946800 yuan rent paid.　　But the linked transaction was not disclosed in the 2009-year report. Not only did the rent payments not be disclosed, but also the rental income was not disclosed. Company wholly-owned subsidiary Rhonin High Speed will Ningde yuan first building 3-7 floors and other housing rental to the related party Ningde Expressway Maintenance Engineering Co., Ltd., the lease period from January 1, 2009 to December 31, 2011, in 2009 a total of 36,000 yuan rent received.　　The affiliated trading company was not disclosed in its 2009 annual report. The payment and recovery of advances made by the company and its affiliated parties are not disclosed by Fujian high speed. Company 2008, 2009, respectively, the affiliated party Fujian Expressway Co., Ltd. Zhangzhou Management branch advance Fu Xia Zhang Expressway extension project management fee 242,100 Yuan, 519100 yuan In 2009, the former affiliated party Xiamen Kuala Lumpur Real Estate Development Co., Ltd. paid the compensation tax of 15,700 yuan.　　The matters relating to payment and withdrawal of these related parties were not disclosed in the annual report. The loopholes in the financial system if the high speed of Fujian to conceal a large number of linked transactions has surprised the market, then the company's financial system, accounting and even the establishment of the company's constitution to expose the problems are even more suspicious, the company's internal management has shown how a kind of chaotic state. In the accounting measurement and recognition of the many problems, but only the capitalization of interest calculation can be seen, Fujian high speed accounting problem is really not small.　　After investigation, the company 2009 annual capital interest of 1.5697 million yuan, which due to a single loan interest time to fill out the error of more than 19,700 yuan, the interest of the outstanding loans of 1.55 million yuan in advance into the company's income. In addition, the Fujian high-speed "company charter" also appeared loopholes. The Articles of incorporation first stipulate that "a single guarantee exceeds the most recent issue of the audited net assets of 10% to be approved by the general meeting of shareholders", but subsequently stipulates that "the authority of the Board's external security does not exceed 30% of the company's most recent audited net asset value".　　There are obvious contradictions between the two regulations. "The issue of internal management of listed companies has always been the sham Shui Po of ordinary investors, it is generally difficult to see clearly." "A senior executive at a public company in Beijing said to reporters, from the Fujian high speed by the Securities and Futures Commission exposure information, the company in the financial governance is indeed a small problem, since the SFC has made an investment reminder, then investors are cautious to act as good, do not believe what the market said," bad out is the best "kind of rumors. Commercial newspaper reporter Zhangling Yang