Luxi Chemical Industry: Concealed Related transactions

This reporter Li Jiyuan Liaocheng report Lu Xi Chemical (000830, shares bar) Group Co., Ltd. (hereinafter referred to as "luxi Chemical Industry") suspected of hidden related transactions because a forged official seal of the criminal case is being uncovered. "Waste standard" unexpectedly won the bid Du Feng, Anhui fuyang people. 2009, Du Feng established cooperative relationship with Nantong Five Construction Engineering Co., Ltd. Guangdong Branch (hereinafter referred to as "Nantong Five construction Guangdong Branch"). In September, Nantong Five Construction Engineering Co., Ltd. Liaocheng Branch was established (hereinafter referred to as "Nantong five Liaocheng Branch"), in December, Nantong five built to undertake the Liaocheng city of the state revenue 11#, 12# residential building project, Du Feng become Liaocheng Branch and the project leader. After the beginning of March 2010, Du Feng respectively undertook the luxi chemical coal transport trestle and lighting room, LU XI chemical urea main framework, such as 7 projects. However, Nantong Wu Jian Guangdong branch found that Du Feng in the unauthorized circumstances of the private forged a Nantong five Construction Engineering Co., Ltd. 's administrative chapter, special chapter and financial special chapter and the legal representative of the bin Seal. We collected the seal and certificate of Liaocheng branch on April 14, 2010. "Nantong Five Jian Guangdong Branch general manager Lu Qingping told our correspondent, June 9, 2010, Nantong five jian Guangdong branch and Du Feng signed a joint agreement to complete the construction of the Liaocheng urban State revenue Agency 11#, 12# residential building project, and other 3 projects, and request Du Feng write down the Promise book, No longer use and destroy forged seals. However, the cooperation between Du Feng and Nantong Five was not interrupted. Because Du Feng and Luxi Chemical still have the project under construction, in order not to affect the Du Feng project progress, Lu Qingping agreed to the Du Feng request, in August 26, 2010, participated in the LU XI chemical District residential building project bidding. It is understood that the LU-community is also known as "Elite Community", for the luxi chemical industry for staff oriented residential projects. The project includes three 6-storey residences, six 11-storey dwellings and four 18-storey dwellings. Total construction area of 136,000 square meters, the project total investment of 130 million yuan. Construction unit for Liaocheng Lu Sheng Real Estate Development Co., Ltd. (hereinafter referred to as "Lu Sheng Real Estate"). "We deliberately took the project manager's card by mistake. "Lu Qingping told reporters that the tender day with the project manager certificate and the documents submitted by the document is not the same, in accordance with the normal procedures, the standard should be regarded as waste. However, to his surprise, the five buildings in Nantong have won the bid. The successful result shows that Nantong Five Construction Engineering Co., Ltd has obtained the project of 11#, 12# and 13# building in the second standard section in the first comprehensive score. Let Lu Qingping did not think of IS, this inadvertently won the bid unexpectedly let it see Luxi chemical not known secret. Chaotic management Lu Qingping in the subsequent investigation found that the LU-Community project bid opening August 26, 2010, September 13 only issued the letter of acceptance. But the luxi chemical industry had already on August 22, 2010 and September 2 to Nantong Five constructs the Community project department to open the construction fine 2. "This set of headsAccording to casually printed, the fine notice is not a joint-stock company opened. April 15, Luxi Chemical Group General Office Director Cha Yanan told our correspondent, the fine notice is covered with the official seal for Lu Sheng Real Estate Development Co., Ltd., the receipt of its fine notice is not aware of the source. In other words, Du Feng has already entered the construction, and Nantong Five building is still in the dark. Obviously, Du Feng did not according to the agreement to destroy the false chapter before the private carved, he used false chapter with the western Chemical signed a contract. The investigation and evidence of the Rudong County Public Security Bureau in Nantong's five locations confirms this. Du Feng not only has not destroyed before the private carved in Nantong five various seals, but also in the name of the lost in the Liaocheng Trade and Industry bureau in Nantong five Jian Liaocheng Branch administrative chapter, financial special chapter and contract special chapter. Du Feng Use the false chapter of private carved with luxi chemical engineering urea main frame of the Interior Equipment Foundation, Luxi chemical urea synthesis Tower, Lu XI chemical sediment pool project, a total of 9 projects, total cost of up to 120 million yuan. After repeated investigations, Lu Qingping that the western Chemical Finance Department and Lu Sheng Real estate have personnel and Du Feng collusion, which makes the five construction of nantong huge losses. But Cha Yanan denies it. "Directly caused by the five construction projects in Nantong, the loss of 15 million yuan." "Lu Qingping that the western chemical financial management of the chaos, a large number of projects in the form of acceptance of the bill, only by Du Feng use forged seal to provide the relevant formalities, directly to the Du Feng payment of 12 million yuan acceptance of the project." "Du Feng after receiving the draft, to Liaocheng credit to the limited liability company to take cash, but also from the Rusin pawn high interest loans more than 2 million yuan, Rusin pawn to earn high discount procedures and loan interest. "Lu Qingping said. It is understood that at that time Rusin pawn legal representative for Du Fenglian, is currently the Vice general manager of Luxi Chemical Group, who has been responsible for the West chemical financial work, and for many years as Lu Xi chemical secretary of the post. Suspected of hidden related transactions due to the inability to support the project to continue to build, Du Feng finally run, and due to arrears of wages and suppliers to pay migrant workers, resulting in serious delays in the construction of the community, Lu Sheng Real Estate will eventually Nantong five to the court, and to seek compensation for liquidated damages. It is also the lawsuit, the western chemical suspected of hidden related transactions exposure. This reporter obtained the Liaocheng Intermediate People's Court on February 24, 2012 on the Lu Sheng real estate and Nantong Five building between the civil adjudication, Lu Sheng Real Estate, the legal representative of artificial Hangai. At the same time, Hangai has for several years as Lu XI chemical workers supervisor, is Liaocheng coal-si New Materials Technology Co., Ltd. (hereinafter referred to as "coal-si new material") legal representative. Lu Sheng Real Estate was founded in December 28, 2001, Luxi Chemical Holdings 40%, Shandong Lu Sheng Investment Management Co., Ltd. shareholding 60%. December 2009, the Luxi Chemical industry will hold its 40% shareholding in all listed transfer. This reporter obtained a copy of the industry and commerce registration data show that January 2010, took over the 40% stake is Shandong Lu Sheng Investment Management Co. Lu Sheng Investment Management Co., Ltd. registeredCapital of 30 million yuan, legal representative for Liu Yucai, Supervisors Shangming, the investor for Liaocheng Rui Xin Industrial Investment Management Co., Ltd. Public data show that Liu Yucai in Luxi Chemical Group office, and Shangming is the head of the West Chemical Finance Department. Then, the wholly-owned holding Lu Sheng Investment Management Co., Ltd. Liaocheng Rui Xin Industrial Investment Management Co., Ltd. and Luxi Chemical industry has how to contact? Liaocheng Rui Hin registered capital of 50.9 million yuan, legal representative for the Han Guoliang, a total of 9 natural persons, respectively, are Liu Yucai, Jianhua, Liu Chaoqui, Shangming, Han Guoliang, Xiaotong, Liu Yuegang, Meng, Cheng. Public information shows that the legal representative Han Guoliang is the vice general manager of Luxi Chemical Group, Liu Chaoqui is the director of Lu XI Chemical Group Office, Xiaotong is the project manager for Luxi Chemical Engineering, Liu Yuegang is the general manager of Luxi Chemical Trading Company for listed companies, and Meng is the assistant general manager of Luxi Chemical Company, Cheng is the head of senior engineer and safety and Environmental Protection Department of Lu XI Chemical group. Beijing BOC Law firm Ibenjun told our correspondent, in accordance with the "Shenzhen Stock Exchange Stock Listing rules", direct control or indirect control of the listed company's legal person or other organizations as the associated legal person, and as the associated legal person directors, supervisors and senior management personnel are associated natural persons. It is understood that the coal-si new materials for Luxi Chemical wholly-owned subsidiary, Luxi Chemical total investment of 2.502 billion yuan of 200,000 tons of Caprolactam project is by the coal-SI new material company implementation, the project is expected to add more annual sales income of 4 billion yuan, profits and taxes about 800 million yuan. and Luxi Chemical Industry 2012 total revenue of 10.2 billion yuan, coal-si new materials estimated revenue has been close to the total revenue of Luxi chemical industry, Hangai as a new material of coal as a legal person, for the luxi chemical industry, the weight can be imagined. "belong to the indirect control of listed companies related to natural persons. "Ibenjun that two companies should belong to the relevant party, and the transaction between the two parties should also belong to the related transaction." "The senior executives of Luxi Chemical Group Company and Lu Sheng Investment Management Co., Ltd. of senior management in major business decisions on Lu Sheng real estate and listed companies can constitute a significant impact on the transactions between them can be identified as related transactions." "said one investment banker. However, in the 2011 and 2012 annual reports of the Luxi Chemical industry, Lu Sheng Real Estate appeared as a non affiliated party in the trade with Luxi chemical. "We have verified the relevant materials and regulations, that there is no suspected violation of the situation." "April 17, Cha Yanan in this reporter interview two days later reply, said. More strange is that the January 2010 Lu Sheng Investment in the acquisition of Lu Sheng Real Estate 100% Equity, but on November 6, 2012, all the shares were transferred to Liaocheng Zheng-Xin Ecological Agricultural Science and Technology Park Co., Ltd. (hereinafter referred to as "the Letter Ecology"). Industry and Commerce registration data show that the letter of the eco-registration time is April 24, 2012, only than the transfer of shares in the time earlier than 6 months, and its business scope is not related to real estate vegetable cultivation and agricultural and sideline products deep processing.