Guangdong former top executives missing or involved in 2.5 billion related transactions

Every trainee reporter Zhu Ling from canton, Guangzhou, the real estate investment company established in February 2007, even the office location is not known where the low-key, the London listing also only less than two years of life, "disappeared" executives have recently jumped into view. King? Z, the former board chairman of Guangdong Land Investment Limited (Guangdong Place), which began to "disappear" since last August, has recently leapt into our sights. A source said, Wang?　　Z is currently or has been controlled by Guangdong police.　　Guangdong Land Company website announced that March 1 this year, the company changed Presidents President, Han Shi as the chairman of the Hong Kong High Treasure Group International Holdings Limited, as well as the company has been in the London Stock Exchange this March 12 under the city. Only one of the three projects in Business August 2007, the obscure Guangdong Place on the London Stock Exchange Alternative Investment Market (AIM) High-profile listing, to 0.9 U.S. dollars per share of the issue of 55 million new shares, to raise 49.5 million U.S. dollars. However, only a year after the listing, in October 2008, Guangdong Land suddenly announced the suspension, because the Chairman of the Board of Directors?　　Z has been missing for two months and "Can't get in touch". With the king? The disappearance of Z, the company's three in Guangzhou, a considerable impact of real estate projects, currently only in Guangzhou Park before the animation Star City is still in business.　　Two other real estate projects, one at the end of last year, a bare open space. It is understood that the Guangdong land of three commercial projects, are in the enviable subway edge, its appreciation potential is no doubt. Yesterday, the reporter came to Guangdong Land of all remit (Mallofcanton) project. The Beijing road in the bustling area of the project, the door closed.　　Despite the outside of the building to attract the font of investment, but the staff of the building Investment office said that there has been no investment. In the building next to the construction unit introduction, the reporter found that the building has two developers: Guangzhou Jindong source Real Estate Development Co., Ltd. (hereinafter referred to as Jin Dongyuan) and Guangzhou Jindong Real Estate Development Co.　　Among them, Jin Dongyuan is a subsidiary of Guangdong Place. Nearby Zhongyuan real estate agent Chaicheng said, "This building is already a rotten tail building, the end of last year, the time has been shut down."　　"Another investment in Guangdong is the Pearl River New Town b1-1 land, claiming to have invested 2.5 billion yuan, and now the clearing is still lying there." There is no doubt that the three major projects in Guangdong Land are good projects for the subway.　　It is not easy to achieve such a good land, Guangdong Place also disclosed in the listing information, the company has experienced management team, "with the Guangzhou Metro Corporation formed a strategic partnership." Reporter in Guangzhou land and Housing Authority's web site inquiries, animation Star City developers are Guangzhou underground railway Company and the source of investment in the joint development (there is news that the source of investment is also a subsidiary of Guangdong); Pearl River New Town B1-1 Land is the Guangdong San Cheng Economic Development Co., Ltd. developed by the business, 2007has paid the state-owned land use right transfer payment.　　The former mayor of the City of London was also cheated? The king who has been outward to kengwong himself?　　Z, in the industry is also mysterious, low-key, its company also did not find a Chinese website. The Guangdong Place in the London-listed Aim prospectus shows that Wang?　　Z43, with a bachelor's degree from Nanjing University, majoring in English literature, and 1987-2001 years in the Guangdong Provincial government department, participated in the development of real estate policies in Guangdong Province, and subsequently in Guangdong Hengsheng (Hengsheng) real estate development company as Assistant President, led the development of several high-end residential projects in Guangdong province. Surprisingly, the company's employees, both the source investment and Jin Dongyuan of its subsidiaries, said they did not know that the company had a king.　　Z, the executive. February 2007, King? Z in British Virgin Is. (hereinafter called BVI) set up Guangdong Place as a holding company.　　To facilitate its successful listing in London, its listed documents explain that in Guangdong, in addition to three entities companies, but also has 10 shell companies, of which 6 are BVI companies, 4 for Hong Kong companies, BVI holding Hong Kong companies, Hong Kong companies holding the form of mainland companies to build capital structure. However, the key figure contributing to the successful listing in Guangdong province is the former mayor of the city of Davidbrewer. 2005-2006 years, Davidbrewer as the city mayor. Davidbrewer has long been interested in the Chinese market and believes that its project assets are very good. As a result, Davidbrewer also acted as a non-executive director after Guangdong's London AIM listing. In the king?　　2 months after the disappearance of Z, Davidbrewe announced his resignation as Non-executive director. or connected to 2.5 billion related transactions, said the king? Z's original name Wang Sheng.　　His "disappearance" should be related to the investigation of Guangdong Land by the Guangzhou Public Security Bureau last August.　　At the end of October last year, the Guangdong land announcement said that all of Guangdong's three projects in Guangzhou (except the anime Star City underground unit) all seized the registration, which means that these property projects could not be transferred, mortgaged or other property changes until the investigation was completed. November 2007, Guangdong Land announcement said, king? Z reached an agreement with Ms. Yeh to buy a 45% stake in the b1-1 plot of Zhujiang New Town, Guangzhou CBD.　　The plot will develop a financial center with a total area of 244,000 square meters, including office buildings, shops, serviced apartments and a five-star hotel. However, the purchase is a related party transactions, Guangdong Land and its wholly-owned subsidiary Nords-ley 2.49 billion yuan for the price, to two respectively representing the king? Z and Ms. Yeh's company For-tunefoundation and Railcommercial buyout their holdings of the Pearl River New Town b1-1 land rights, and the transactions are paid for by cash and the company's newly issued shares. It is through this "left hand inverted right"The associated transaction, King?" Z benefited about 1 billion yuan, then disappeared.