Investigation of aerospace Communications in case investors want to prosecute

Every reporter Sun Jiasha from Shanghai "is closely watching the matter, once the Zhejiang Securities Regulatory Bureau has the latest punishment decision, we may again to space communications (600677, closing price of 10.35 Yuan) to sue."　　Yesterday (January 27), Beijing Dacheng law firm lawyer Tao Yuseng told the Daily economic news reporter. Tao Yuseng refers to the space communications issued on the same day, the announcement, said the company for alleged violations of securities regulations, the SFC Zhejiang Regulatory Bureau to investigate the case. This is seen by many investors as an opportunity to claim for space communications.　　At the beginning of 2009, Tao Yuseng had represented some investors in prosecuting the civil compensation case of the false statement of aerospace communications, but ended up losing the lawsuit. In the case of Jiangsu Jie Cheng January 26, Aerospace Communications received the "investigation notice" issued by Zhejiang Securities and Regulatory Bureau, said the company for alleged violations of security laws and regulations, decided to investigate aerospace communications. But space communications did not disclose the specific reasons for the investigation in the bulletin.　　Prior to the news that the aerospace communications has completed the acquisition of Jiangsu Jie Cheng Automotive Electronic Information Engineering Company (hereinafter referred to as Jiangsu Jie-cheng) 66.52% of the work, but did not issue a notice, and thus by the Zhejiang Bureau of Supervision and Research.　　As early as 2006, space communications had planned to raise 200 million yuan by way of directional additional, for the acquisition of Jiangsu Jie Cheng part of the equity, and to increase capital expansion, but after the Space Communications initiative withdrew the directional additional scheme, but not timely disclosure. From then until May 12, 2008, Aerospace Communications and the company's controlling shareholder, China Aerospace Science and Engineering Group Corporation (hereinafter referred to as Aerospace Science and engineering groups) signed a letter of intent, space communications will be as "intent of the transferee", the Aerospace Science and Engineering group held in Jiangsu Jie Cheng 66.52% Equity, And said that the intention agreement will be signed, that is, to employ intermediary agencies to Jiangsu Jie-Cheng assets to carry out the necessary audit and evaluation. But the details of the acquisitions have since been unclear.　　In the aerospace Information 2008 Annual report, the company chairman Dou Yao has also served as Jiangsu Jie Cheng chairman of the post. Reporters yesterday also interviewed the Jiangsu Jie Cheng, the company said, "We are not convenient to disclose the situation of shareholders, nor understand this." "and aerospace communications insiders told reporters that it is not convenient to disclose the reasons for the investigation, but it is certain that the company currently does not hold the shares of Jiangsu Jie-cheng. "But now we are ready to talk about it." The company has no problem with the funds, before the government received a 600 million yuan demolition subsidy.　　said the aerospace personage. Or be sued by investors. "We are keeping a close eye on the matter.　　"Beijing Dacheng law firm lawyer Tao Yuseng told reporters, the former agent Hang Shang and other cases of lawyers, has previously accepted the commission of some investors, deputy space communications false statement civil compensation case. The event originated in 2007. At that time, the Ministry of Finance in Zhejiang Province, the office of the Financial Ombudsman, issued a decision to space communications, that space communications exist "accounting fraud, falsely increase profits" and other illegal activities, but the lawsuit filed by the lawyer to the Hangzhou municipal Court was dismissed. The court found that the case did not conform to the conditions for filing because it had not provided the relevant processing decision of the Ministry of Finance. Tao Yuseng subsequently submitted a government information application to the Ministry of Finance in November 2008 pursuant to the Government Information Disclosure Ordinance. December 2, 2008, the Ministry of Finance in full disclosure of the processing decision.　　This is also the case of domestic securities civil compensation cases, the first to obtain evidence and to file a case by applying for government information disclosure. "The final lawsuit is because it does not conform to the ' pre-procedure '. Tao Yuseng told reporters, "but if the Zhejiang Securities and Regulatory Bureau to make the latest punishment decision, we will consider again to the space communications to sue." ”