Kim Yu Group chairman misappropriation of fund-raising suspects

May, Hohhot, Inner Mongolia, windy and frequent. Recently a sum of 12 years ago, the Ordos Street is located in Inner Mongolia Jinyu Group Co., Ltd. (600201.　　SH, hereinafter referred to as "Gold Yu Group") again stepped up to the stage. May 5, a letter from the gold-yu group of shareholders, handed to the Times weekly reporter hand, in this document numbered 1999 17, the Hohhot municipal government decided to "grant the award to the Chairman of the Inner Mongolia Jinyu (group), the mayor of Zhang Yuyu, the bonus of 2.38 million yuan, from the listed financing funds."　　"and the establishment of the Hohhot Heng Tatsu Investment Co., Ltd. (hereinafter referred to as" equity investment "), for indirect acquisition of gold-Yu group equity. News, outcry. The government pen 2.38 million of the money from the listed companies, which, in the eyes of ordinary people, is a violation of common sense, which happens in the Hohhot government.　　And as a corporate representative of listed companies, the chairman of the Zhang Yuyu how can knowingly breaks accept "reward", 12 years later to be known? Although the May 8 Gold Yu Group has clarified this, but this clarity and unclear.　　May 12, Jinyu Group plunged 8.27%, 3 days has fallen 20%. Raise money to reward individuals "online materials say the company is not taking up the fund-raising. The mayor's prize was issued, and the bonus was taken, but not from the fundraising. Gold Yu group Dong Li Shujian May 6 to accept an interview with The Times weekly reporter, Chairman Zhang Yuyu in the field travel, can not be interviewed.　　She herself had just learned about it, and did not deny the authenticity of the document.　　As for the origins of this bonus, Li Shujian said "Now the company is verifying the documents at the time, looking for relevant evidence, but because the time is not too good to check, the company will give the public a reply as soon as possible, to explain whether this matter is true, if it is really implemented, and how to carry out." May 7, Hohhot municipal government Secretary Seven Department of a staff told The Times weekly reporter, the document municipal government is archived, to the Secretary-General to sign to check, but the Secretary-General on a business trip no one signed. As of press, the head of the department did not contact reporters.　　On the same day, the Department of Inner Mongolia Office of the public listing Mr. Wang on the Times weekly reporter said that they have received a letter of complaint, will certainly investigate clearly, if the company is suspected of illegal violations, will be dealt with according to law. May 8, the gold-Yu group immediately issued a clarification bulletin, said, "Hohhot Municipal People's government awards to the company chairman Zhang Yuyu 2.38 million yuan bonuses, all from the company's state-owned dividend payment, and do paying business, there is no occupation of the company's own funds and raise funds to distribute the Mayor Special Award of the situation , the company listed to raise funds in accordance with the relevant provisions of the use, in strict accordance with the relevant rules and regulations to fulfill the corresponding disclosure obligations.　　"The prize money from the fund-raising into a state-owned dividend, Zhang Yuyu the" corruption "charges, but the Times reporter found that the fact is not so simple. May 10, The Times weekly reporter again came to the Kim Woo group. Li Shujiansaid that he had just come back from the Inner Mongolia Securities Regulatory Bureau, "We explained in the bulletin is very clear," the two documents provided by the whistleblower also admitted that the evidence, but "the truth has done the financial treatment" of the proof can not be provided. Li Shujian immediately produced a document issued by Hohhot city government May 7, the "award to the Inner Mongolia Jinyu Group Co., Ltd. chairman of the Zhang Yuyu Mayor of the Special award for the source of information," said Zhang Yuyu's "bonus all from the company's state-owned shares of the dividend paid, and truthfully did the financial treatment, There is no case to occupy the public company's own funds and raise funds to issue special prizes for mayors.　　"This and the Gold Yu group announced the same night, but the wording of Hohhot City 1999 (17), the contents of a very different." According to Li Shujian explained, at that time the city government had this document but it did not understand the situation, and later knew that cannot use the public company's raise funds, did not carry out the document, but from that year state-owned share dividend.　　The company did not disclose it because it felt "unnecessary". And 12 years later, Kim Yu group word is credible? Times weekly reporter access to financial data found that the gold-Yu Group 1999 medium-term does not increase, 1999 the end of each 10 share dividends 2.5 yuan, but the right to divide the day is August 1, 2000, that is, even if there is "state-owned dividend in the withdrawal" should not appear in August 2000,　　Then March 21, 2000 of (2000) Jinyu Group Word 38th document prove to pay 2.3 million and how to explain? "They [investors] know more than I do and I'm going to check it out," Li Shujian said. Nankai University Law School, the director of the Department of Economic Law, Wan, interviewed by The Times, said that the gold-Yu group may be in reverse sign the financial voucher suspicion. At the same time may be sitting on the state dividend of suspicion. At any point, it is at least a violation of financial discipline.　　Of course these two suspicion if is true, the legal responsibility is big. Chairman of the shareholder data show that the gold-Yu group is 1993 in the Hohhot Metal materials company for the overall restructuring of the foundation, by hohhot Metal materials company, Baotou Iron and steel Rare Earth Company, call the city Xin Industrial development company, Hohhot leasing company jointly launched.　　January 1999, the gold-Yu group listed on the Shanghai Stock Exchange.　　In the following 1995 years, the Inner Mongolia Autonomous Region government issued the number (1995) 119th, said that in order to further expand opening-up and horizontal joint, promote the autonomous region export-oriented economic development, to all through intermediary services for the autonomous region to introduce domestic and foreign funds or materials of organizations or individuals (at that time, "intermediary Hohhot city government that, "Kim Yu Group after the industrial restructuring and corporate behavior of the normative action, reached the standards of listed companies, and listed on January 15, 1999, for the Hushi economic development has made outstanding contributions."　　"When the mayor is the national well-known good cadre niu Yuru, Hohhot party committee secretary, the representative mayor is Liu Xiu." In accordance with article 119th of document III, where referral statesInternal and external funds are fully in place, within one months to the intermediary to give a one-time reward, the form of awards are divided into four levels. Among them, the introduction of domestic and foreign funds, gifts and other free funds (or materials) of the intermediary, according to their introduction of capital (or material value) of the total amount of 10% to give incentives; , the introduction of domestic and foreign annual interest rate lower than the domestic bank of the funds, the use of more than six months, depending on the use of their life, according to the total amount of capital of 2% to give incentives, and other introduction of financial incentives ranging from 0.3% to 2%.　　Rewards can be paid from the enterprise project funds, local financial departments or enterprises.　　But the listed company raises the fund, has not stipulated in this document clearly, but because of the listed company's particularity, Hohhot municipal government issued 2.38 million "Mayor Special Award", according to this document is not proper. Subsequent times weekly reporter according to the information provided by the informant, to Ruyi development zone trade and Industry Bureau, Hohhot, the investment of industrial and commercial archives show that the company was established when the original shareholders for Zhang Yuyu (2.3 million yuan, accounting for 46% of registered capital), gold-Yu group trade unions (2.7 million yuan, accounting for the registered capital of 54%). The registration information is attached with a certificate "according to the 1999 (17) file, by the Jinyu Group paid 2.3 million yuan, for the Municipal government award Zhang Yuyu Comrade Award." Zhang Yuyu as a natural person to invest 2.3 million investment in Investment Co., Ltd. (hereinafter referred to as "equity investment"). "It is more complicated for the Chairman to set up a company holding a listed company."　　"Wan to The Times weekly reporter explained that if it is listed prior to the existence of the shareholding structure, as long as the process of restructuring the entities and procedures are not illegal and do a complete disclosure of information, the chairman of the move will be no problem, if the contrary, the situation is more serious. Wan said, more importantly, in the Kim Yu Group's corporate governance or operation, the Chairman Zhang Yuyu whether the holding shareholder's side behavior, is extremely critical.　　But all of this, the Chairman of the company to set up a listed company's motives, actions and procedures for the legality of the premise, otherwise the consequences are quite serious.　　The mysterious investment of Zhang Yuyu, which is the shareholder of the large shareholder of Jinyu Group, is the stockholder of the agriculture and animal husbandry pharmaceutical industry. In the report letter, also pointed out that the Zhang Yuyu use of the investment to invest in the indirect holdings of Gold Yu Group.　　Zhang Yuyu through the award received, holding an equity investment of 46% of the equity, while the gold-Yu group of trade unions to contribute 2.7 million yuan, Jian Hengda Investment in registered capital of 54%. Until July 6, 2006, the gold-Yu group of the implementation of the share reform bulletin also shows that the investment in equity directly hold 3.2 million of the group. The company's eighth largest shareholder, the restricted shares in the July 12, 2007 release of the announcement of the investment in the balance has not appeared. In the absence of a reduction notice, the investment has been all over the whole body and retreat.　　Some investors calculated that the market value of Zhang Yuyu individual shareholdings was around 60 million. When is the investment to achieve the reduction, so far not.　　Another problem is puzzling: even if the bonus comes from a state-owned dividend, is Zhang Yuyu legally taxed? According to Dong Li Shujian, the state-owned shares of the year's dividend to the Hohhot financial, from which the bonuses to Zhang Yuyu, after Zhang this money whether tax, or whether to take the money to set up a company, Jinyu Group is not responsible for disclosure.　　If the reporter wants to know, can go to the relevant organizations to understand. Hohhot in Jinqiao Development Zone Times weekly reporter found in charge of Kim Yu Group tax management Two tax commissioners, he said whether the bonuses are paid in cash or dividends, all need to pay according to the provisions of the tax, if it is the bonus form rate of 45%, that is 1.07 million, if there should be a tax record.　　However, the trade and Industry Bureau refused to provide its tax certificate. Kim Yu Group also said that the tax is Zhang Yuyu personal, and from the company 20,000 years 38th documents, Zhang Yuyu investment in the amount of investment amounted to 2.3 million, rather than 1.31 million of the tax deduction. "There is no standard market for a mayor who knows nothing about law."　　Hubei lawyer Liu Lu a word miju secret. The mysterious investment in equity was once appearing on the list of non-tradable shareholders of the gold-Yu group.　　Gold-Yu Group reform Scheme implementation of the plan announced in the gold-Yu group after the completion of the share reform, equity investment as the company's eighth largest non-tradable shareholders, holding 3.2 million shares of Jinyu group, accounting for the share reform after the company's total share capital of 1.14%. However, the figure of equity investment only appeared once in this bulletin. In the previous stock reform instructions, the Non-tradable shareholders do not have the name of the investment, and there is a company named the Spring Hair Material Co., Ltd. Hohhot (hereinafter referred to as "Spring hair supplies").　　And in the implementation of the reform plan before the announcement, the gold-Yu group in the 2006-year report of the top ten shareholder list, nor the name of the investment, only spring hair supplies and Hengtai securities held 2 million shares.　　It has been an important part of Zhang Yuyu to realize MBO, which was one of the shareholders of the first major shareholder of the group. Two major shareholders or will fight the two major shareholders of the gold-Yu group contradictions again intensified, Zhang Yuyu, the member Rui Heng or will again start the beacon. "And at the May 20 gold-Yu Group shareholders meeting, the two shareholders of Elephant venture will likely choose to go to war."　　People familiar with the matter said. In 2005, Zhang Yuyu with the help of an elephant venture with the leadership of a state-owned enterprise, to urge Jinyu Group IPO, and after the maneuver, completed to Jinyu group major shareholder Inner Mongolia agriculture and animal Husbandry Pharmaceutical Co., Ltd. (hereinafter referred to as "agriculture and Animal Husbandry Medicine") of MBO, after the elephant to create a cast member Rui Heng,　　Zhang Yuyu to control the gold-Yu group. Member of the former state securities deputy president, Peng Wah Fund vice chairman, Zhang Yuyu MBO Road Map of the whole battle its design, the staff also through the elephant venture, most of the holdings of gold-Yu group 18.86% of the equity, for the gold-Yu group's first major shareholder.　　At present, elephants still hold a 10.83% stake in the gold-Yu group, the second largest shareholder. And just in that year, Zhang Yuyu trouble constantly, the company sold fakeThe vaccine case had to be publicly apologized and the company's image was greatly affected.　　And then the big shareholder elephant investment a paper report more make Gold Yu group disorderly like public.　　At that time, Elephant venture as the largest shareholder, in the last board election, Zhang Yuyu only to elephants in the board of directors a quota, the Elephant investment control personnel Rui Heng Very dissatisfied, a paper report letter to the SFC. Times weekly reporter saw the elephant to create a report letter, the 12-page letter of the report pointed out that Jinyu group four sins, each charge under a very detailed description and evidence, such as Zhang Yuyu and Jinyu Group of senior executives through illegal arrangements and illegal transactions, the use of affiliated companies to absorb the funds of listed companies; Big thing small love one person, information disclosure serious false.　　Even when the enterprise restructuring, the misappropriation of state-owned assets, senior relatives of assets, such as huge unknown.　　Since then, the elephant investment has been reduced, the large shareholder of the agricultural and pastoral pharmaceutical industry shares more than the elephant Investment, 2009 annual report showed that the elephant venture and farming and animal husbandry, respectively, holding the Gold Group 10.83% and 11.97% of the equity, the two shares are quite close. The company's investors said that the gold-Yu Group's actual control of the dispute has seriously affected the company's production and operation activities, but also to the vast number of circulating shareholders caused huge losses.　　Public information shows that at the end of November 2004, in a bleak market, the gold-Yu group has been maintained in the shares of 6 to 7 yuan per share, but in the actual control of the open outbreak of power, its share price plummeted to July 2005 of more than 3 yuan, the decline of nearly 50%, the value of evaporation 720 million yuan. May 2005, Kim Yu Group chairman and President Zhang Yuyu had said that the major shareholders in the company's interests, shareholder interests and the interests of all staff, sit down and talk calmly, in order to facilitate the steady development of listed companies.　　But in the years that followed, the shareholder debate is still a hot topic around the Kim Woo group. Until 5 years passed, the gold-yu group's share price is only more than 10 yuan, several big bull market CICC group's share price feuds. It has been predicted many times that the stock will soar without becoming a reality. Some people will be the gold-yu group of flat performance, blamed on the two major shareholder dispute. "It is because the stock has two main forces, and is the main force of two close and never-coordinated Wolidou." Both sides have enough strength, have enough chips! Not only does it work, but it also consumes it! "Also after the Elephant Venture report, the regulator conducted an investigation into Jinyu group. In response to The Times reporter "Whether these allegations are true", Dong Li Shujian said, "If we really have any violations of the law, not early punishment?"　　, the regulators did not disclose the results after the investigation, and the elephant venture was thrown into trouble by its senior executives. Shareholders meeting will be tense May 20, the gold-Yu group will convene a general meeting of shareholders to elect the company's new board of directors, this Li Shujian said, this "general meeting of Shareholders is the annual general meeting, the company attaches more importance, will be strictly in accordance with the legal procedures to do." And this time it involves a director transition,The general meeting of the shareholders shall consider the nomination list. "According to the gold-Yu group's previous announcement, 6 independent directors all came from the Zhang Yuyu camp, and those close to the elephant venture said to the media that the elephant venture is brewing new director candidates."　　2009 Annual report shows that the elephant venture and its action of the same person Shenzhen Ai Ying Although the reduction of the first major shareholder, but still sit two shareholder position, the two sides holding only a small gap. In the stock bar has the shareholder to post "the strong request Zhang Yuyu to say, see he how says". Activist Xu Yuanyuan told reporters that he was ready to send a letter, many investors clearly expressed their participation in a concerted action, the total holding more than 10% of the company's shares, can request a temporary general meeting within two months, the total holding company shares more than 3%, Provisional proposals can be submitted to the Board in writing at the next general meeting of the shareholders.　　If the SEC investigation confirms the fact that the Chairman of Jinyu Group collects funds from the listed companies, I will, on behalf of the medium and small shareholders, request the cancellation of the Zhang Yuyu Chairman's position in the interim proposal and surrender all the ill-gotten gains to all shareholders. There are media forecasts that the shareholders meeting may be at loggerheads, again staged two major shareholder dispute, the Li Shujian said, so far did not see other shareholders have any objections, the accident "not necessarily will come out, do not add to speculation." If there is any emergency companies will be prepared, on the one hand, investors do not suffer losses, on the one hand, the announcement of the matter will be announced as soon as possible.　　According to the announcement of the gold-yu group April 26, of the 9-member list of the company's seventh-term directors, 6 of the independent directors are from the gold-Yu group or the farming and animal husbandry pharmaceutical industry, and currently the sixth board members, still have director Zhangxiong from the Elephant venture, for the Elephant VC general manager. Li Shujian explained that the company's board of directors has been the three major shareholders have a seat, three independent directors, the other three directors from the company. Media reports say the elephant Venture is brewing new board candidates.　　2009 Annual report shows that the elephant venture and its action of the same person Shenzhen Ai Ying Although the reduction of the first major shareholder, but still sit two shareholder position, the two sides holding only a small gap.　　In addition to the shareholder meeting, let Jinyu group executives run a further issue, Li Shujian to The Times weekly reporter said that they are busy to the Securities and Futures Commission to report additional materials, the Chairman of the business trip is not convenient to interview.　　This issue is the gold-Yu group has been preparing for a long time, last August, the original issuance program due to expiration, November, the company proposed a plan to add more than 50 million shares in order to raise the total amount of funds not exceeding 370 million yuan, fund-raising will be invested in two vaccine projects.　　After half a year, the gold group raised funds from 510 million to 370 million, Dong Li Shujian said that the current issue of additional procedures are progressing smoothly. 2009 Annual report shows that Jinyu Group 2009 year to achieve the main business income of 685 million yuan, down 15.89%, the total profit of 96.51 million yuan, down 6.11%. Net profit attributable to parent companyRun 66.47 million yuan, down 7.94% year-on-year.