Huatian Hotel was ordered to rectify by the SFC due to six major problems

November 16, Huatian Hotel 000428.　　SZ) issued a notice, the company received the China Securities Regulatory Commission Hunan Supervision Bureau (hereinafter referred to as the Hunan Provincial Bureau) ordered to correct the decision, asked the company on the three will operate six major aspects of the problem to correct.　　Hunan Securities and Regulations Bureau to the Huatian Hotel issued orders to correct the decision to point out that the company's problems mainly include the three operating problems, the use and management of fund-raising problems, internal control issues, independence issues, subsidiary management issues and financial aspects. Order to correct the decision of the above six major aspects of the above elaborated: The Company's shareholders meeting, the board of directors, the supervisory board of the minutes of the meetings there are nonstandard problems The 360 million yuan funds raised by the company in 2008 did not reach the profit forecast in that year, it was not until 2009 that the expected gains were achieved; company and holding shareholder Huatian Industrial Holding Group Co., Ltd. (hereinafter called Huatian Group) the existence of the competition problem has affected the independence of the company, involving some related transactions of Huatian group, the company even appeared trading　　After the first occurrence of the case, the company will be limited to the right to use the margin of the nature of money as cash and cash equivalents in the cash flow statement listed. Ordered to correct the decision will be the operation of the three issues as the first of the six major issues, in part, it also shows that the Hunan Provincial Securities and Supervision Bureau of the three will not standardize the operation of the attention. Recently because of large shareholders occupy the company's huge money scandal by the Shandong Securities and Futures Commission to investigate the sub-star chemistry (600319.　　SH) also has a board operation violation problem, this incident also directly led to the resignation of the Asian star chemical dong.　　For being ordered to rectify the matter, Hua Tian Hotel said that the company will be in 30th to address these issues in detail, put forward practical corrective measures, and the Hunan Provincial Bureau of Supervision to submit rectification report. November 16, Hua Tian Hotel closed at 9.19 Yuan, down 5.65%.