SFC punishes Chuang-chi technology and Amoi Electronics

According to the Xinhua news agency, China Securities Regulatory Commission yesterday reported that the creation of technology and amoi electronic violations of securities laws and regulations of the case to make administrative punishment decision. Chuang-Chi Technology in the 2004, 2005, 2006 Annual report, not truthfully disclosed the shareholders Hunan Hua Chong Industrial Co., Ltd. and the major shareholder Hunan Chuang-CHI Group Co., Ltd. is actually a consistent action of the relationship between the people.　　The survey also found that the group and its affiliates in the form of third-party payments, such as the use of the funds of listed companies, and did not disclose as required.　　China Securities Regulatory Commission yesterday to give warning to the technology, and fined 400,000 yuan, the time as Chairman, director, general manager Ding Liang and other 10 responsible persons to give warning, and sentenced to 30,000 to 300,000 yuan fines.　　On the case of Amoi Electronics, the investigation found that Amoi electronic in 2006 annual Accounting statement notes, not accurate disclosure of the amount of 280 million yuan commercial acceptance, Amoi Electronic 2006-year virtual increase in profits of 40.77 million yuan. China Securities Regulatory Commission decided to give warning to Amoi electronics, and fined 600,000 yuan, the time as Chairman Suzhenming and other 9 responsible persons to give warning, and sentenced to 30,000 to 100,000 yuan fines.