Jiangsu Sainty Day 200 million advance money fog doubtful arrears square cut constantly reason still disorderly

Newspaper trainee reporter Peng in the first half of 2013, Jiang Su Suntian (600287.SH) Total revenue to achieve 2.62 billion yuan, by virtue of illiquid assets disposal profit and loss of 330 million yuan, to achieve ownership of the parent company's owner of the net profit of 336 million yuan. But what investors are concerned about is whether the asset stripping program, launched last year, will give the listed companies a new lease of life. And although Jiangsu Sainty has cleaned up the shares of its former company, it is still clouded by historical ties. Prepaid Hong Investment nearly 200 million yuan Jiangsu Sainty days 2013.5 Annual report shows that the top priority of the advance is Jiangsu Hui Hong Investment Industrial Co., Ltd. (hereinafter referred to as "Hong Investment"), Jiangsu Sainty days to its prepaid 181,697,382 66 yuan payment, of which within one year for 138,676,840 Yuan, 1-2 years for 43,020,541.89 Yuan. In the 2012 annual report, the top five prepayment units, the top ranking also for the investment, the total prepaid 196,259,460 52 yuan. Within one year 167,676,840.77 Yuan, 1-2 years 28,582,619.75 Yuan. Although the Jiangsu Sainty-Day periodic report, its relationship with the unit is written in the column "unrelated party." But there are countless links between the investment of Hong Hui and listed companies. Jiangsu Province Trade and Industry Bureau data shows that the investment was established on August 19, 2005, the legal representative of Shi Haichen, the residence for Nanjing East Beijing Road, 18 floor 22nd. But what is strange is, because did not find its official website, can inquire to a number of commercial web site display, address a column shows all is Jiangsu Province Nanjing Beijing East Road 22nd Peace Mansion 18 Floor, Hui Hong Investment legal Person representative/Contact person column all display as Yeguihong. and Yeguihong previously as a legal representative appeared in the listed company's subsidiaries, holding companies, joint ventures. Listed Companies 2000 prospectus shows that Jiangsu Sainty International Group Apparel Import and export Wuxi Company for listed companies wholly-owned subsidiaries, registered capital of 500,000 yuan, the legal representative of man-made Yeguihong. In the 2003 periodic report, in addition to continuing to act as the legal representative of the above-mentioned companies, Yeguihong also acted as a legal representative in Wuxi Shun Yu Garments Co., Ltd., Jiangsu Sainty-Day Han-Tang Trading Co., Ltd. (holding its 30% shareholding and controlling rights). After 2009 years, 2010 periodic report shows that Yeguihong quit the above enterprises, but the new Chongqing Sichuan-Chongqing Mining Limited Liability Company's legal representative, until 2012 only to disappear from the annual report. Then as the first Jiangsu Sainty days in the forefront of the investment, its legal representative in the same address, the Trade and Industry Bureau shows that the Shi Haichen, business site is Yeguihong? At the same time, the report showed that the first half of 2013 Jiangsu Sainty days Currency capital of 750 million yuan, but the current liabilities, only short-term loans to reach 1.29 billion yuan, in the case of funds are not sufficient to still pay billion advance. So how deep is the relationship between Hong's investment and the listed companies? With theWhat is the source of the city company? Public data show that the investment 2007-2012 received Jiangsu Sainty days of advances are as follows: 2007 30.8 million Yuan, 2008 107 million Yuan, 2010-2012 corresponding data is 150 million yuan (within one year), 196 million yuan (1-2 years), 196 million yuan ( 168 million yuan within one year). In addition to the 2007-year advance in the third, 2009 years did not list, other years to stabilize the first advance. What makes investors puzzled is that the establishment of the 2005, registered capital of 10 million yuan, the type of enterprise as a natural person holding company, how since 2007 began to enter the Jiangsu Sainty days of the first five prepaid companies, 2008 years on the rise to the top of a large advance, since the amount of annual increase, In the past two years, the listed companies continue to form nearly 200 million yuan advance? September 24, the reporter called Jiangsu sainty Days Public Telephone, securities business representative Ms. Yeh said, Yeguihong has not been the company's senior executives, while the investment and listed companies are not linked, and the large amount of business is the type of steel trade. In this respect, Dong Chen Haojie further explained that, prior to 2000, Yeguihong as the company's employees in charge of Wuxi management, China's "WTO accession" after the reform of the foreign trade industry, the company has been restructured. Non-Nanjing part of the subsidiary large scale, listed companies to participate in a relatively participatory mode, that is, the Yeguihong of the company's model, until now with Yeguihong original Jiangsu Sainty days Han Tang Trading Co., Ltd. liquidation of the stock, but because of the past parent-subsidiary relationship, so there are still relatively many business, capital exchanges. As for the shareholders behind the investment, including Hong-hung group and listed companies are affiliated with the Jiangsu Sasac. So, you can probably sort out the following structure, that is, Yeguihong investment because of the reason, and Jiang Su Suntian once subsidiary Jiangsu Sainty Days Han Tang Trading Co., Ltd. (Yeguihong as a legal representative) is affiliated enterprises, the equivalent of subsidiaries derived in the outside of the company, and become a large number of business dealings with the listed companies. Business relationships continue to exist for historical reasons. There are also small and medium-sized investors to sigh, had been entangled in these relationships Jiangsu Sainty days after the branch of the vine, when can the real departure?