Ningbo Gqy was ordered to rectify the mess

The issue of reasonable use of funds raised by the listed companies of GEM has been greatly concerned by the outside world. Now that the gem has been running for more than 1 years, however, in the listed companies, the funds are not in place to raise investment projects, the use of liquidity funds to deposit banks to eat interest, to supplement the bank loans and other acts of endless, which will certainly exist all kinds of irregular phenomenon, now listed only half a year in Ningbo gqy (300076,　　Closing price of 32.28 yuan) for the use of funds to raise the three major problems by the local Securities and Regulatory Bureau ordered rectification.　　Yesterday (November 22) evening, Ningbo Gqy announced that the Ningbo Securities and Regulatory Bureau on November 11 for the company to raise funds for special inspection, issued ordered rectification decision book, the company for the discovery of the problem of rectification. According to the content of the announcement, Ningbo gqy mainly in the collection of funds to use the three major problems: first, the use of some of the funds have not fulfilled the corresponding examination and approval procedures and information disclosure obligations. One of the companies to raise investment project implementation of a subsidiary of Ningbo Chico Digital Teaching Equipment Co., Ltd. on July 23, 2010, the use of fund-raising 5 million yuan to return the bank loans, on July 27, the use of 6.534 million yuan to collect funds to return to the associated company's borrowings.　　The above matters have not complied with the corresponding review procedure and disclosed. Second, some of the funds to replace the time before the Board resolution date. The company held a board of directors on July 19, 2010, the review passed to raise funds to replace the advance investment projects of self-financing 60.322 million yuan.　　The company has been on July 9, 2010 in two (7 million yuan and 8 million yuan) to 15 million yuan to raise funds for replacement. Thirdly, there are defects in independence.　　Subsidiary Ningbo Chico Intelligent Technology Co., Ltd. and the company's control of the actual control of the associated company Ningbo Chico Electronic Co., Ltd. Financial personnel are not separated, independence defects.　　In fact, the use of funds is not standardized, has been part of the gem listed companies existing problems. Today, the gem has been running for more than a year, but some of the gem listed companies still have to invest in the investment project is not in place, due to delay in the completion of the project, the use of funds inefficient, unauthorized use of funds to replace self-financing, with super raise funds to repay the bank loans, supplementing the company There has even been a buying house to buy luxury office buildings and other phenomena, and in these incidents will inevitably result in the use of capital irregularities. The Ningbo gqy case undoubtedly sounded the alarm bell for other companies in raising the reasonable use of funds.