In Shun Jie Rou is alleged false joint venture true Circle Money equity evolution or there is a trick

September 21, China shun Jie soft shares Paper Co., Ltd. was eligible for approval. November 8 into the release phase, however, on November 15 before the purchase of a large number of investors and people familiar with the exposure, reflecting the company's environmental protection, equity transfer, industrial policy, the process of enterprise development has many problems.　　For the above-mentioned report, this reporter conducted in-depth investigation and field visits, compared to the company prospectus, and indeed found a lot of problems.　　The company since the start of the enterprise to drill the national policy loopholes, from the linked group, the establishment of joint ventures to the restructuring of the establishment of jointly-owned AG, the Tang Clan to create Wealth "myth" is really hard, indeed a lot of effort, the plot is like a story novel as complex, thought-provoking Prospectus revealed: The issuer of the predecessor of the Shun Manufacturing company in October 92 by Deng Yingzhong and Moyongsong invested 1.68 million yuan to set up, in order to facilitate the operation and management, but in the name of collective Enterprises affiliated Zhongshan Sheng-long economic development company, during the Zhongshan Sheng-long economic development company did not participate in Shun manufacturing company management, If the company has not invested any assets in China Shun Manufacturing Corporation, has not participated in the profit distribution of the company, and does not enjoy any investment interests of the company, then it is obvious to whom this affiliation is beneficial.　　2001, Moyongsong all its shares to Deng and Deng Guan can, the prospectus did not disclose Deng can and Deng clan relationship, but from then on the Tang Clan to grab wealth, create a "myth" prologue. As early as June 1996, Deng Yingzhong invested HK $10,000 in a Hong Kong-shun company with a business nature of trade. It is stated in the prospectus that the company does not engage in any specific business other than holding a stake. What is the purpose of Deng's registration? In September 2004, Deng Yingzhong, Deng, and Deng, the original shareholder of China-Shun paper, signed an agreement with Hong Kong, from the Hong Kong middle Shun to China-Shun paper equity capital increase, the establishment of Sino-foreign joint ventures to achieve the purpose of enjoying the JV income tax concessions. For the way to increase capital, the Tang family also used a small trick, before the completion of foreign capital to the account before the Industry and Commerce Department in October 04 to complete the registration formalities, formalities one after the completion of the December 04 Hong Kong in the original 6.75 million yuan in all the equivalent of foreign exchange capital to make changes, That is, two units originating in Korea imported packaging machine Capital contribution. In June 05, China-Shun group entered into an increase of 15 million yuan, Hong Kong in the CIS increase of 18.25 million yuan, the company registered capital reached 60 million yuan, November 3, 05, Deng Yingzhong, Deng, Deng, Hong Kong Shun and Shun Group signed an agreement, Deng Yingzhong, Deng and Deng Guan can transfer their holdings of China-shun paper to China Shun group respectively, China Shun Group and Hong Kong in the capital contribution of 35 million yuan and 25 million yuan respectively, while in fact, Deng Yingzhong, Deng and Dung Holdings in Shun group 60%, 20% and 20% of the equity; Deng Yingzhong Holding Hong Kong Shun 100% , 5 years Deng's father and son through the great move to achieve the rapid expansion of corporate capital, but also the benefitsThe preferential policies of the state to the joint ventures are used.　　Virgin, which was established in April 2006, has never engaged in any business, and it seems that the company was also interested in registering. After a series of equity adjustments, Deng's supporting role began to appear as a form of decentralized equity. March 2008, Long Hing Investment, good Chang trade, the Chinese base investment and other 11 institutions into the shareholding, accounting for 31.28%, from the surface of Deng's family capital was diluted, but the 11 companies and the Tang family still have more or less contact. Some of the original holding production-type subsidiaries of the shareholders to withdraw from the atomic company and then participate in the parent company, the method is not smart. Good cheong trade for Chengdu every day the original shareholder Li Hong Holding company, and Li Hong, in shun paper, Yuayong is a daily controlling shareholder in Chengdu. Deng Yingzhong, Deng and Dung also indirectly hold a 45.98% per cent stake in the base investment through the CIS group. Huaming Light source for Chengdu Daily original shareholder Chengdu Star Lighting Electrical Appliance Co., Ltd. referral shareholders. One-sail investment, FAI-Lung investment and Yulong investment for the company's management and core staff control companies.　　Yuron Investment Shareholder Wen Elling, Hengmao trade shareholder Yuayong, Yi Jia trade shareholder Liu Yan Wu are employees of the company, and the new investment shareholder Yu Tao and Zhang Jing is also the company's financial controller Lilin relatives. Finally, through a series of clever ways to create a dunkleosteus wealth "myth": Control of about 72% of the company's shares, direct or their relatives control about 20% of the shares, if the family's own money to do business outsiders will not pay attention, but once the enterprise into a public enterprise, to attract small and medium-sized investors,　　Will let investors lose the right to speak, which should arouse the vigilance of the majority of small and medium-sized investors. For some insider reports of environmental pollution problems, this reporter conducted a field survey, pollution is true, "the pursuit of green benefits" is false.　　This newspaper will continue to follow the report. Value line of listed companies joint report of China Reform newspaper