Operation of the stealth shell company New medium base for six consecutive years false profit increase

Nova Chinki's announcement yesterday evening made investors fall out of breath. The company said July 7 received the China Securities Regulatory Commission issued the "Administrative Penalty decision book", because the company shell companies, in 2006 and 2011 6 years of wasted profits. January 2006, the New China Foundation through the covert financing, set up the shell company Tianjin Sheng China International Trade Co., Ltd. (hereinafter referred to as Tianjin Sheng). Tianjin Sheng in the establishment, the first purchase of tomato sauce from the base, and then sales to the new base of the holding subsidiary of Tianjin China-Chen Tomato Products Co., Ltd. (hereinafter referred to as Tianjin Zhong Chen); from 2007 to 2010, the new Sino-Spender Enterprise Xinjiang International Trade Co., Ltd. First from Tianjin Sheng in the procurement of tomato sauce, plus tax payable and Xinjiang spender to obtain the pure profit, and then resell all sales to Tianjin Zhong Chen. The relevant evidence shows that the new China-based enterprises in Xinjiang Spender transfer and posting, the goods are basically not moving, the actual transaction is the transfer of warehouse orders. By this means, the new middle base between 2006 and 2011, the income and profits. These fraudulent business receipts led to false records and significant omissions in the information disclosure of the New China-base 2006 to 2011 Annual reports. To this illegal act, the SFC to the company as chairman, chief accountant, general manager, Dong Secret and other people issued a ticket. The company said that the penalty, not to apply for reconsideration, will pay fines on time. The securities daily will continue to pay close attention to issues related to the New China Foundation.