Tracking report: Mei Hin senior executives leave the net to earn 3.4 million yuan through related transactions

-Our correspondent Chen Rong in the five days before the publication of the annual report of the United States, deputy general manager Ming resigned, no longer work in the company. Through the reporter investigation this person through the related transaction net earns 3.4 million yuan.　　But the company's fundraising project is losing 30 million, in stark contrast to this. Executive turnover through related transactions net earn 3.4 million yuan information, Ming is 43 years old, starting from 2002 in the United States Xinda as a staff supervisor, 2005 has been the company's deputy general manager.　　May 16, 2008 re-elected as deputy general Manager, the expiration date of the term of office is May 15, 2011. As the company's senior management, Ming's annual salary is not high.　　The annual report shows that the total remuneration of Ming 2008 is 62300 Yuan, a little higher in 2007, but only 63,600 yuan. However, Ming during his tenure with the United States Xinda a related transaction, let him 4.4 million yuan.　　2007, the United States Hin Tatsu announced that the acquisition of Ming held Huzhou Xinda Printing Co., Ltd. 10% of the equity. Huzhou Mei Xin Tatsu Printing Co., Ltd. was established in February 2002, the registered capital of 10 million yuan, of which the United States to hold 90% of the equity, natural Ming hold the remaining 10% of the equity.　　Ming is the deputy general manager of the company, so the equity acquisition belongs to the related transaction. Data show that Huzhou Mei Xin Tatsu Printing Co., Ltd. at the end of 2006 total assets of 123 million yuan, net assets of 26.57 million yuan, but the net profit for the year-2.5441 million yuan.　　By the end of 2007, the company's total assets for 45.8479 million yuan, net assets of 44.8852 million yuan, that year is to achieve net profit of 849,900 yuan. The United States Xinda to net assets based on the acquisition of 4.4 million Yuan Huzhou Mei Xin Tatsu Printing Co., Ltd. 10% of the equity.　　If the registration cost of Ming 1 million yuan to calculate, the related transaction he made a net profit of 3.4 million yuan. Raise the investment project loss 30 million yuan before the time, the reporter after the investigation discovery, the United States Xinda 2008 Annual report shows, raises the fund project 2008 Total Realization Income is 31.0008 million yuan, but according to the anticipation, these five projects should achieve at least 83.61 million yuan the income.　　Therefore, the United States and Hin Tatsu investment projects have not achieved the expected return. Data show that Mei Hin Tatsu IPO funds 246 million yuan, mainly to 5 projects: 1, 20 million m/year green high-grade fabric printing and dyeing and finishing technical transformation, 2, 36 million m/high value-added printing fabric production line to increase export technical transformation; 3, Sewage treatment Extension Project 4, energy saving and water saving,　　The implementation of clean production technical renovation project, 5, new annual production capacity of 10 million meters elastic waterproof oil and other functional fabric projects. The actual situation is that each project is a loss, a small loss of 3.4955 million yuan, a lot of losses of 16.6292 million yuan, so that the overall return of 31.0008 million yuan. This is 114 million yuan from the expected difference.