Potential Hengxin chairman Borrow chicken eggs to buy a house two-year profit over 7 million

Every reporter Wang Yandan November 16, the main seismic data processing interpretation services of the potential of Hengxin Energy Technology Co., Ltd. (hereinafter referred to as potential Heng letter) starting to apply through the Gem Board audit. However, after nearly one months of success, the potential of the company's IPO work has been slow to see progress. The daily economic news reporter, after studying the company's prospectus, found that the private company, which only has more than 60 people, has created enormous benefits in recent years, bringing enormous wealth to the Chairman and the actual Zhou Jinming, and in the ~2009 of 2007, Zhou Jinming also passed the "chicken-egg" approach,　　The use of potential Heng letter to provide interest-free loans to buy 8 sets of properties, and then sold to the company two years later, easy to profit more than 7 million yuan. Company Loan Chairman buys 8 sets of real estate potential forever the predecessor of the Beijing Potential Hengxin Earth Physics Technology Co., Ltd. was established in November 2003 by Zhou Jinming, Zheng and Zhang Haitao jointly funded, main seismic data processing interpretation services, mainly for PetroChina and other companies to provide technical support for oil exploration.　　2009, the company completed the shareholding system reform, the current Zhou Jinming shareholding ratio of up to 76.1% for the company's actual control and chairman, Zheng and Zhang Haitao respectively for Zhou Jinming nephew and brother-in-law, each holding 9.5% of the company's shares. From the prospectus, the near three-year potential hengxin business is more stable. 2007-2009 years, the first half of 2010, the company achieved net profit of 30.07 million yuan, 30.45 million yuan, 49.16 million yuan and 25.46 million yuan respectively.　　However, the company has been small, as at the end of June, the total assets of only 185 million yuan, and the number of employees has been very small, starting from 2007 to the end of July this year, the company's staff from 50 to 61 people.　　and is such a only dozens of people, annual profit of tens of millions of Yuan company, in 2007 had extravagantly, for the chairman Zhou Jinming buy a house to provide up to more than 20 million yuan of non-interest-bearing loans. The prospectus on page No. 210 shows that 2007 because of rapid business development, the original company is located in Haidian District, Beijing, China, the center of the Sino-Australian Centre Jia Hui Yuan Office room has been far from meeting the normal development needs, and after consulting the personal name of the purchase of property in the procedures relatively convenient, so the company Zheng and Zhang Haitao agreed,　　Company to provide interest-free loans to Zhou Jinming 24.56 million yuan, used to buy in Beijing, Chaoyang District, 9th King Long International Garden 8 sets of real estate (total 1530 square meters), after the purchase of unpaid rental to the company to do Office room.　　In March 2008 and July, Zhou Jinming twice to get the company's dividend, the company's 24.56 million yuan to repay the loan. Company board chairman profit of more than 7 million in the prospectus, potential Heng Xin stressed, "in the early days of entrepreneurship, by Mr. Zhou Jinming to purchase property and leasing to the company, can enable the company to maintain the advantages of light assets ...." Mr Zhou Jinming did not consider selling the company at a higher price in the future for profit. "But, in fact, these 8 properties are actuallyZhou Jinming brings a lot of revenue.　　November 2009, "In order to solve the related transactions with the controlling shareholder", Zhou Jinming will be in the hands of the 8 sets of King Long International Garden real estate sold to the company, to intermediary agencies to give the evaluation value of 22.1397 million yuan as a basis for pricing, the housing section has been all paid January 20 this year completed. It is worth mentioning that, in 2007, when Zhou Jinming bought the King Dragon International Court, although he borrowed 24.96 million yuan from the company, But only cost 14.997 million yuan, 9,800 yuan per square metre, and 2009 years sold to the company, the unit price per square metre has risen to 14,400 yuan, appreciation of up to 47.63%.　　One way, Zhou Jinming easy to profit 7.1427 million yuan. One investment banker told the Daily Economic news reporter, the essence of the matter is that Zhou Jinming first free to occupy the company's funds to buy a house, and then the hands of the real estate to the company. "If really for the development of the company, Zhou Jinming in the sale of property to the company, can be a certain discount on the market price, so that not only for the company to reduce financial pressure, and the future depreciation will be less, for the company's future operation is beneficial." "Yesterday (December 9) afternoon, the daily economic news reporter called the company, the company staff said that Mr. Dong Yu Shijin to go out of business." As of press, the reporter still did not get in touch with Dong Secret.