SASAC to investigate hedging losses in state-owned enterprises two director but strangely resigned

Source: Internet
Author: User
--company executives said they could not determine whether or not to deal with the gambling agreement-the newspaper reporter Shi Yuli a today issued a notice, the company's board of directors on May 5, 2009 received the company vice chairman Lili, director Huang Shaoki submitted a written resignation report. All two of them have resigned from their positions in the public company for personal reasons. At the same time, the company's supervisory board also received a written resignation report submitted by Mr. Li Yongxieng.  It also resigned from the company's supervisory position for personal reasons. Executives do not know why yesterday evening, Deep South Electricity a a senior executive in the interview with this newspaper reporter said: "The bulletin has been said very clearly, as to what the specific personal reasons, I do not know."  When asked whether it was related to the losses on gambling in the deep southern electricity price, the senior executives were not aware of that. According to the data, Lili is the chairman of the Board of Directors of the Shenzhen Foreign Investment party Tengda Real Estate Co., Ltd., Lili through the company to hold the Shenzhen-South Electric a11.08% stake as its third largest shareholder.  Lili, who was born in 1943, is 66 years old and is not known for resigning because of age. At the same time, Huang Shaoki, director of the resignation report, has years of experience in financial management and is a financial director of a listed company of the Hong Kong stock Exchange.  The two directors were appointed for a period of up to October 31, 2009 and did not know why they had left their positions several months in advance. Deep South Electric A above executives in an interview, said the company set up a Chairman and three vice chairman, they just represent the company's four major shareholders. Before his resignation, these two directors usually do not work in the company or other management positions of listed companies, but mainly perform the duties of directors.  Because they are in writing to inform the company resignation news, the specific reason is not clear.  At the same time, the resignation of a company supervisor Li Yongxieng, its tenure is also October this year, for the reasons for early resignation, the above company executives did not do more explanation. The impact of the last year's oil on the loss of the gambling agreement still makes it inevitable that the directors and supervisors resign and the betting matters.  Whether there is any link here is unclear. At the end of 2008, with the price of oil falling, Shennan A was in a state of risk for betting with Goldman Sachs.  However, with the disclosure of last year's annual report, investors have not been able to learn from the financial results of the price of the gambling agreement on the company's losses.  SASAC Accountability is the main reason?  However, the matter has not subsided, the audit body issued a non-standard unqualified opinion audit report, and said that should be concerned about the outcome of the final solution and the potential loss to the company.  The state-owned Assets Supervision and Administration Committee, deputy director of the state-owned Property Management Commission, said that Sasac would step up the risk of investing in the financial sector by state-owned enterprises this year. Although the Shenzhen Southern Electric power is not like the Eastern Airlines, Air China and other central enterprises have issued a specific loss of financial hedging, but the company's operation of oil derivatives contracts caused losses still affected by the SASAC related departmentsAttention。 And even if the impact of the elimination of gambling events, Deep South Power's performance is still passable. As of December 31, 2008, the company achieved operating income of 3,156,551,500 yuan, a decrease of 12.81%, attributable to the parent company net profit of 10.7639 million yuan, a reduction of 93.68% from the previous year  , after deducting the non-recurrent profit and loss, the shareholder net profit of the listed company-57.4327 million yuan, decreased by 477.82%.  In recent days, SASAC deputy director Li Wei said to investigate the state-owned enterprises cover loss reasons. Analysts believe that the departure of the director of the Shenzhen Southern Electric power may have something to do with Sasac's stance.

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