The problem of the use of raising funds in Ningbo gqy

Gem listed company Ningbo gqy (300076.SZ) in the listing of six months later, it received the Ningbo Securities Regulatory Bureau on the Ningbo GQY Video Co., Ltd. to take orders to correct the measures, the use of fund-raising and other problems are ordered to correct.　　According to Ningbo Securities and Regulatory Bureau November 11 to Ningbo gqy to carry out a special check, found that the Ningbo gqy part of the fund-raising use did not fulfill the corresponding examination and approval procedures and information disclosure obligations. Ningbo gqy Digital Teaching Equipment Co., Ltd., a subsidiary of the main body of the project, Ningbo, was paid 5 million yuan to repay the bank loan on July 23, 2010.　　On July 27, the use of a raised capital of 6.534 million yuan to return the loans of affiliated companies, but the above matters have not fulfilled the corresponding review procedures and disclosure. At the same time, Ningbo gqy part of the collection of funds to replace earlier than its board resolution date. The company held a board meeting on July 19, 2010 to consider adopting a self-financing fund of 60.322 million yuan to raise funds to replace the advance betting project.　　However, after investigation, Ningbo Gqy had already on July 9, 2010 in two strokes of 15 million yuan to raise funds for replacement. Ningbo Securities and Regulatory Bureau also found in the inspection of Ningbo gqy in the independence of defects. Company subsidiary Ningbo Chico Intelligent Technology Co., Ltd. and the company's actual control of the associated company Ningbo Chico Electronics Co., Ltd. the financial personnel are not separated, independence defects.