The northern wilderness conceals a shareholding ratio of more than 10 documents and Supervision Bureau ordered rectification

Every reporter Don Juan Wilderness (600598, closing price 8.65 yuan)! The Wilderness again! As a result of a number of information disclosure violations, Heilongjiang Securities and Regulatory Bureau of the company three of the administrative supervision and control measures of the decision book, and ordered its rectification period. In fact, the northern wilderness because of funds illegal lending, repeatedly by the market criticism. This time, "daily economic news" also noted that the northern wilderness false disclosure of the proportion of holding subsidiaries, concealing the real situation for nearly 10 years. For an ex-con company, there may be more shady stories behind its lies. Some market people believe that the northern wilderness behavior is very bad, there is suspicion of counterfeiting profits. Many of the letter put the issue of exposure/today, the Northern wilderness announcement, September 5 received the China Securities Regulatory Commission Heilongjiang Supervisory authority of the administrative supervision measures 7, 8, 9th documents, and was required to rectify the deadline. According to 7th, the verification found that between August 2012 and July 2013, the northern wilderness subordinate subsidiaries occurred more than 10 lawsuits, 12 consecutive months the cumulative amount of litigation amounted to 737 million yuan, more than the listed companies 2012 audited net assets of 10%. Except for some of the proceedings announced on August 22, 2013, the other proceedings were not disclosed. In the opinion of this Bureau, the Northern Wilderness acts in violation of the "Listed Companies Information disclosure management measures" and other relevant provisions, decided to warn them, and asked the northern wilderness before October 8 to submit rectification implementation of the written report. Through document 8th, "Daily economic news" reporter noted that 2003, the northern Wilderness announced the acquisition of Heilongjiang Province Wilderness Rice Group Co., Ltd. (hereinafter referred to as the Northern Wilderness rice industry) 98.55% of the equity, in its subsequent public documents, the northern wilderness has been claimed to hold a 98.55% stake in the northern wilderness rice industry. But in fact, until March 31, 2013, the Industrial and commercial registration materials show that the northern Wilderness holds 98.55% of the northern Wilderness rice industry, information disclosure and business registration is inconsistent. This also violates the relevant laws and regulations of information disclosure of listed companies, therefore, the Securities and Regulations Bureau decided to take orders to correct the regulatory measures, the northern wilderness should be the date of receipt of the decision book within 10 working days, in the designated disclosure media, the disclosure of the whole process of the rice stock transfer and the impact on the formation of the company. Obviously, the northern wilderness in the foreign borrowing funds, related party loans and other aspects of information disclosure violations, its director of the High and holding subsidiaries of the main responsible for this. According to the relevant provisions of the management measures for information disclosure of listed companies, the responsible persons are ordered to attend the relevant training of the Office or Shanghai Stock Exchange before December 31. Forged profits for 10 consecutive years? /as once "agricultural blue-chip first", the northern region can be by virtue of "collect government rent" can bring stable income. But with the rise of the real estate industry, the northern Wilderness has failed to withstand the temptation of the interests, put their effort into it. But in the real estate sector, poor management and internal controls have made the wilderness quickly lost and deeper into the financial black hole. Zhibao, the northern wilderness illegal borrowing, free conversion of debt subject, debtBusiness difficult to recover and so on a series of problems were eventually made public, the current cumulative violation to subsidiaries, joint ventures "blood transfusion" exceeding 1 billion yuan. In particular, at the end of August, the official website of the Ministry of Finance disclosed 2,244 listed companies 2012 enterprise Internal Control Analysis report, 8 listed companies disclosed there is a major flaw in internal controls, the northern wilderness impressively in the column. For the Northern wilderness, a variety of letters to the violation of the issue has been commonplace, in the new administrative supervision and control measures decided to release, the company more shady is gradually surfaced. As early as 2003, the Northern wilderness change to raise capital to invest in the acquisition of the controlling shareholder Heilongjiang Northern Wilderness Farming Group Corporation held 98.55% of the northern rice industry. After the transfer of the stock right, the northern wilderness rice Industry became a holding subsidiary of the Northern Wilderness, and 2003 included the scope of the combined report. Since the completion of the acquisition, the northern wilderness rice industry has become the absolute core of the main business assets. According to the statistics of the annual report of the past 10 years, the daily economic news reporter found that the northern wilderness rice industry has contributed a net profit of more than 100 million yuan, and in the operating income occupies an important seat. According to the audited consolidated financial statement data in 2012, the northern Wilderness rice industry completed its operating income of 8.303 billion yuan, accounting for 61.03% of the total revenue of the northern wilderness. "Previously, the northern wilderness has been advertised to hold 98.55% of the northern wilderness of the rice industry, now the Securities and Regulatory Bureau has been found to be inconsistent with the actual situation. If the northern wilderness shares less than this data, then the company has a false increase in profits and assets of suspicion, its behavior and its bad. "There are market participants. At the same time, the daily economic news will continue to follow.