Two times of scenic mountains and rivers are still being questioned about financial fraud

Lin to Liu Lang "two times will not be equal to a certain meeting."　　Yesterday, the Hunan Scenic mountains and rivers Bio-Tech Co., Ltd. (002525.SZ, hereinafter called "Scenic Mountains and rivers") again accepted the listing review, an industry personage told the first financial daily.　　April 2, the Securities and Futures Commission issued a notice that the Commission is scheduled to April 6 in 2011 to convene the 60th Audit Committee working Conference, Audit the Sea can Tatsu Communications Co., Ltd. starting application and scenery after the start of the event. From the former Ningbo Li-li Electronics (002257.SZ), Suzhou Permanent (300060.SZ) case, from the media to challenge, to the regulatory authorities to finally abolish the two companies listed qualifications, experienced a "self-examination, the internal discussion of the SFC, the audit committee again" three links.　　Today, the scenic mountains and rivers are being tested by the third link.　　Suspended on the eve of the night of December 16 last year, near midnight, a number of securities media received scenic mountains and Rivers hired financial PR company Telephone, said the company to suspend the listing, the request to remove the announcement of its listing on the second day.　　Prior to this, there is public opinion on the scenic mountains and rivers listed in question, the core is sales fraud. Scenic mountains and rivers main business for the production and sale of rice wine, had planned to issue shares in the gem, after the board plate, Ping ' an securities for its sponsoring agencies and the main underwriter.　　The company issued a total of 17 million shares, the IPO price is determined to 34.2 yuan/share, corresponding to the issuance of P/E after 85.5 times times, a total of 580 million yuan.　　After the postponement of the listing, the verification of the Scenic mountains and rivers began. According to the scenery of rivers and mountains, ping An securities and accounting firm, the third party audit agencies sent more than 10 road investigation team, including Ping An securities investment bank, wind control personnel and audit agency representatives, scattered field investigation landscape in the country's more than 100 total distributor sales data, specific to each dealer,　　Each consumer terminal, every bank that has business dealings is checked, and the packing material and the goods in/out and the tax invoice are checked. People close to the case said that the CSRC's belated decision on the eventual fate of the scenic mountains and rivers shows that at least later investigations have made it clear that "if it were true, the SFC would have gone straight away." "The scenic mountains and rivers two times will be" financial fraud "is still questioned but also said that there are always some problems for a long time did not say clearly, otherwise it will not drag so long. In his view, despite the current inability to judge the core sales, but some of the problems may be the scenic mountains and rivers must be clear but difficult to justify, "such as the company said sales are mainly supermarkets and other channels, but we found that its sales in fact, a part of the government system, such as the designation of wine, gift wine, This company is not easy to say, and now to throw a new version of the story, always make people feel contradictory.　　He believes that, like these, the SFC will eventually decide whether it is "defective" or "problem".　　Out-played？ OneA person familiar with the matter said that the CSRC has clear rules on the operation of the event after the start of the meeting, and the two times of the scenic mountains and rivers will not necessarily mean that they will be able to do so. Another industry personage also said to this newspaper, the most disputed place of the scenic mountains and rivers is still "whether there is financial fraud", if the verification results prove that financial data problems, it is difficult to go public.　　However, the SFC has not yet made public its verification results. In accordance with the SFC's memorandum of Practice for the review of stock issues No. 05-Operating procedures for the supervision and closure of companies that have passed the Commission's proposed securities issuance process, 17 criteria have been established for the need to be resubmitted to the Audit Commission for the listed companies, and the issuer will no longer submit to the Commission for review if he meets all 17 criteria.　　These standards include: CPA issued an unqualified opinion of the audit report, the company has no major violations, the company's financial situation is normal, the report items no abnormal changes, the company did not occur major asset replacement, equity, debt restructuring, and other changes in the company's structure of the situation.　　The above industry personage said, according to these 17 standards, the scenic mountains and rivers will be resubmitted to the review of the audit, there should be no meeting the above 17 standards.　　Close to the scenic mountains and rivers and ping An securities analysis, in the current crackdown on market violations of the background, the CSRC chose to let the scenic mountains and rivers at this time two times, it seems to herald the fate of the company "." Not long ago, green earth (002200.SZ), the controlling shareholder, former chairman He Xuequ was arrested on suspicion of fraudulent issue of shares.　　The move was seen as a sign of renewed government efforts to clean up the market. According to the person close to the case, the investigation team had produced a verification report before the Spring Festival, but had not received a statement from the SFC and was asked to supplement the material. In the meantime, Hunan Peace and security group related high-level Beijing and China Securities Regulatory Commission on this matter in-depth communication.　　The personage analyses, the scenery that is questioned is at this time again "on meeting", be revoked the listing qualification, become the likelihood of another "benchmark" of strict governance is increasing. Prior to the meeting after the issue of the Audit Committee, the smooth issue and the situation is that, of which, in April 2009, the SFC passed the "meeting after the issue of the Committee", the revocation of the decision to approve the listing of legislation; June 2010, The Securities and Futures Commission has rejected Suzhou's permanent initial public offering and will apply for two times on the gem listing.　　Two of companies ' fundraising and interest payments are eventually refunded to investors.　　Most market analysts believe that if the scenic mountains and rivers were eventually revoked today, the investors have already won the same deal with the two companies listed above.　　The scenic mountains and rivers refused to make any comments at this time, all but the final results of today. Click to enter [Scenic mountains and rivers] discussion