Worst CEO put top office building "for enterprise" reason difficult to take public

Beijing New drug industry after successive declines in performance, the main business losses in the past two years, its chairman and the actual controller Lu Gang because of poor management, was "Forbes" as "2009 China (a A-share non-state) listed company's worst CEO."　　It is a great irony that the worst CEO of a listed company is about to move into the most luxurious top office building.　　Yesterday (26th), "Daily economic news" exclusive report of the loss of listed companies Beijing New drug industry (002020, closing price of 13.38 Yuan) a toss billion yuan to buy 38,000 yuan per square metre mansion for office building news, causing the market uproar. The Daily economic news reporter survey found that Beijing new drug industry for three consecutive years to obtain huge government subsidies, in 2008 to obtain 8.49 million yuan, 2009 to obtain 4.25 million yuan, the first quarter of this year to obtain 1.23 million yuan.　　It is such a constant reliance on government subsidies to live the company, but spent huge sums to buy a building, there are investors worry that the real estate regulation under pressure, the local price reduction adjustment, a huge amount of money to buy a building Shing? Total purchase price of the company's net assets 40% at the end of last year, Beijing's new drug industry net assets of only 303 million yuan, 118 million yuan to purchase money equivalent to 39% of its net assets. Due to the inability to pay the high cost of the purchase, Beijing New drug industry said the purchase of the company will take a mortgage, down payment 50%, 5-year mortgage. And the first payment of 59.04 million yuan, the company's own funds to pay a portion of only 30 million yuan, and another 30 million yuan to be resolved through bank loans.　　In other words, the company's money to buy the house, more than 80 million yuan can only be solved through the bank loans. In the announcement, Beijing New drug industry said the purpose of buying a building is to move the headquarters from Xinchang County to Hangzhou, with the original sales department in Hangzhou unified office, so "conducive to the introduction of talent, information exchange, conducive to further development of enterprises." "In fact, since 2006, the results of the new drug industry has shown a declining trend." 2006, the company attributable to the listed company shareholders of the net profit of 14.03 million Yuan, 2007 only 1.5 million yuan. 2008 is a huge loss of 17.73 million yuan, if not 8.49 million yuan government subsidies and other operating income, its losses will be further expanded to 26.6 million yuan. 2009-year results, although the achievement of 3.75 million yuan, but the government subsidies accounted for 4.25 million yuan, the deduction of non-recurrent profits after the profit is-1.47 million yuan.　　The company chairman and the actual controller Lu Gang also was last July by "Forbes" as "2009 China (A-share non-state) listed company's worst CEO" third. In the first quarter of this year, Beijing's new drug industry net profit increased 4,006%, the amount of 1.89 million yuan.　　This looks like a beautiful performance answer, but on the one hand relies on the first quarter of last year only a very low base of 46,000 yuan, on the other hand, its 1.23 million yuan of government subsidies work. In the performance is not good, and know that the home purchase will bring huge expenditure on the background, Lu Gang and other board members also approved Beijing New drug industry will own net assets of nearly 40% take to buy a house, in the endIs it to promote the development of listed companies, or improve their own office environment, or have other secrets? There is no doubt that Lu Gang's actions have made some small and medium shareholders dissatisfied.　　A former investor who has paid attention to the new drug industry said to reporters, like Lu Gang This will not enhance the performance of listed companies as their own responsibility, but with the money of listed companies to enjoy the luxury office environment CEO, not only is "the worst CEO", but also should be rated a-share market "most corrupt CEO Home purchase price is far higher than the UDC selling price "daily economic news" reporters in the relevant information and asked the real estate industry insiders learned that the Beijing new drug industry, the purchase of the UDC Times mansion in Qianjiang City, is the current Hangzhou office in the most expensive area, And the Beijing new drug industry spent 38,000 yuan per square metre in Qianjiang city also belong to high-end level.　　It is also significantly higher than the purchase price of other floors of the UDC Times building. According to the 365 Real Estate Home network introduction, "This January, UDC Times building of a building opened, the average price of 26,000 yuan per square metre." Because B buildings enjoy the Qiantang River Full River view resources, so the price is higher than a building.　　"Hangzhou Real estate industry veteran Personage Yuxudong told reporters, Qianjiang New city office price in Hangzhou is the highest level, the general office price in the area of 30,000 yuan, 38,000 yuan is a very high level." Subsequently, the reporter to the identity of home buyers call UDC Times Building Sales department. Sales Miss told reporters that the current UDC times building a building only the 27th floor, the price of 33,000 yuan per square metre. Building B now the company intends to rent not to sell, the rent has not been determined.　　Earlier in the first B building in the opening of the several floors of the average price of 35,000 yuan per square metre. Yesterday afternoon, the daily economic news reporter again called Beijing New Drug Industry board Secretary Office, the Phone no answer. Later, the reporter tried to contact Mr Dong Hsu (blogger), but as of the press, the phone is still in no answer to the state.