Northern Wilderness 1st received three ticket land circulation concept vs business defect

Northern Wilderness (600598) 5th evening issued a notice, the company 5th received the China Securities Regulatory Commission Heilongjiang Province Administrative Supervision and control measures of the decision "2013" 7, 8, 9th documents, the regulatory department for the northern Wilderness internal controls and the letter of the violation of the punishment began to wear. Among them, the administrative supervision measures decision No. 7th, "about the Heilongjiang Northern Wilderness Agricultural Co., Ltd. to take a warning letter measures of the decision," pointed out that from August 2012 to July 2013, the northern part of the northern part of the northern province, more than 10 lawsuits, For 12 consecutive months the cumulative amount of litigation amounted to 737 million yuan, exceeding the company's 2012 audited net assets of 10%. Except for the disclosure of some of the proceedings in the August 22, 2013 announcement, none of the other lawsuits were disclosed.　　Heilongjiang Supervision Bureau in this regard to the northern wilderness to be warned. Document 8th is the decision to take corrective measures to Heilongjiang Northern Wilderness Agriculture Co., Ltd. Decided to point out that 2003, the northern Wilderness announced the acquisition of Heilongjiang Province Wilderness Rice Group Co., Ltd. 98.55% of the equity, but the information disclosure and business registration is inconsistent.　　The SFC Heilongjiang Supervision Bureau decided to take the northern wilderness to be issued to order to correct the regulatory measures, the northern wilderness must be within 10 working days to disclose the whole process of the transfer of rice stock rights and the impact on the formation of the company. No. 9th "On the decision of the directors, supervisors and senior managers of Heilongjiang Northern Wilderness Agriculture Company to take the measures to take part in the training," it points out that the northern wilderness has repeatedly violated the information disclosure in terms of foreign borrowing funds and related party borrowings, and the company directors, Supervisors,　　The senior management and the main head of the holding subsidiary are responsible for this and need to attend the relevant training. In fact, in the recent official website of the Ministry of Finance disclosed the "China's listed companies 2012 implementation of enterprise internal control system Situation Analysis report" in the "there are major defects in internal control" and "internal control evaluation conclusion is invalid" in the two list, the northern wilderness are impressively in the column. Before the northern Wilderness has admitted to the media, the company in the letter is not to ensure that the branch, the subsidiary of the important information can be timely and accurate transmission to the headquarters, points, subsidiaries of major information reported less than, there is a cover-up, false omission. Due to the concept of land circulation, the wilderness will face a great impact from the operating fundamentals.