Hunan, Hubei, Wuhan buy land expansion fraud 60 million performance worse

Securities Times Network (www.stcn.com) September 24 Xiang E Love (002306) Hubei project problems, purchased by the court seized more than 10 rounds of land use rights.　　Company 24th Night Notice, September 24 received by Guo So-and-So, Shi So-and-so entrusted to Hubei people's law firm sent, on the Wuhan Taipei Road 72nd project of the "lawyer letter." Prior to January 24, 2011, the Hunan-Hubei sentiment examination passed a wholly-owned subsidiary of Hubei Xiang-e sentiment Catering Investment Co., Ltd. and Wuhan Las Vegas Entertainment Co., Ltd. and the natural person Xu Li signed the "Asset Transfer and Project cooperation Agreement" and "Supplementary Agreement (i)". Hubei Xiang E sentiment purchase is located in Wuhan City, Hubei Province, 72nd Taipei Road, A, b two land 50% land tenure, land use area of a total of 6648.51 square meters, the price of 129 million yuan.　　Hubei Xiang-e situation in January 2011 has paid the cooperation project 60 million yuan. According to the lawyer's letter, the above transaction is the Las Vegas company executive director, the legal representative Liu Zhibo conceal the company shareholder and the shareholder will make the individual behavior.　　Therefore, the shareholders and shareholders of the Las Vegas company will not be aware of, disagree with, or accept the legal liability for the individual acts committed by Liu Zhibo for fraud. In this respect, the two follow-up arrangements for the announcement of Xiang-e situation. First, Xiang-e situation will continue to maintain communication and coordination with Las Vegas company and its shareholders according to the results of the Wuhan Intermediate People's Court's "Administrative Judgment book". Second, Liu Zhibo and Xu Li lied that they had a 100% stake in the Las Vegas company, in fact, only 5% of the equity; At the same time, Liu Zhibo, Xu Li also conceal their land use rights by the court seized more than 10 rounds of truth, by the name of the cooperative operation of the Xiang-e situation to cheat a huge amount of property 60 million, and will pay the cooperation of Xiang E money to move his use　　, its behavior has been suspected of fraud, the company will take legal measures to pursue its legal responsibility. It is worth noting that there are uncertainties in the project of Xiang-e affair, which may be lost. Xiang-e sentiment said that to facilitate the Taipei road project to continue to perform, but if the Taipei road project related agreements can not be properly performed, the company can fully recover the project cooperation funds have some uncertainty, will be based on the actual situation of the preparation of bad debts and accounting audit as the subject. (Yang Su)