1 thought on “Xu Zonglin's modern version of "Emperor's New Pack"”
Krista
On June 3, 2004, the China Securities Regulatory Commission with less than a hundred words of paper announced that Darman (600788), which has been on the list in various media in the province in recent months. The false statement was investigated by the China Securities Regulatory Commission. What happened to this famous company that was once the "Chinese jewelry boss"? In fact, when it comes to Dalman, he must not be said to be Xu Zonglin. As a legal representative of Darman, he has a pivotal role in the history of Darman's false statement. Darman, Cheng Cheng, in Xu Zonglin, destroyed, destroyed in Xu Zonglin. It's announcement, the main issue of the investigation of the case is that the company had major illegal guarantee matters in 2003, involving RMB 345.3 million, USD 1.335 million, and pledge involved RMB 518.43 million, with a total deposit of 52.743 million deposit orders of 52.743 million Yuan, and these huge guarantees and pledge were not disclosed to investors in a timely manner in accordance with the requirements of the CSRC. In other words, when the China Securities Regulatory Commission vigorously emphasized and supervised listed companies in a timely manner to perform information disclosure business in a timely manner, Darman still committed crimes under the teachings of his head Xu Zonglin, and it was not small. Compared with the hustle and bustle of the "beer" in the Chinese securities market last year, 1.8 billion yuan seemed to be a "small witch seeing the big witch", but the whole incident was connected, but it was the same as the "beer" incident. The illegal guarantee is also a senior executive, and it is not an exaggeration to say that it is Xi'an's "beer". But through the corner of the announcement, I can still feel faintly that Darman's problem is not just as simple as the announcement. Let's take a look at the quarterly report of Dalman this year. At present, Darman's total share capital is 280 million shares, and the Cuibao Jewelry Group controlled by Xu Zonglin as the largest shareholder of Dalman is held by Xu Zonglin. 822 million shares and a net asset of 4.21 yuan per share. If these illegal guarantees and pledge will cause losses to Darman, 70%of its assets will be turned into black. We can say politely that if this is true, Cui Bao will not be able to debt, and Darman will be caught in a disaster. The gorgeous Darman headquarters building standing at No. 19 Jianong Road, Xi'an City has made many merchants who have come to discuss business with Dalman to be full of confidence in it. A little comforted, after all, I couldn't run the temple. However, it is amazing that, according to its employees, the headquarters building is just an empty shelf and has not been put into use. Xu Zonglin, the head of Darman, who was in the technique of deep fishing, rely on this unused and unavailable empty building to catch hundreds of millions of yuan in funds, and performed a modern version of the "new outfit of the emperor". If people who have been managed in Darman, in daily production and operation, Xu Zonglin signed a false sales contract with Darman controlled by the Hong Kong company he controlled. On the one hand On the one hand, a huge loan, on the one hand, retains huge profits and payment on its Hong Kong company's account through this contract, and laid a foreshadowing for its later escape. Relying on a fake contract and an empty building, Darman has obtained a lot of profits under the command of Xu Zonglin. Illegal value -added tax invoices are offset to legal taxes that should be paid by the country. In the case of a large number of value -added tax tickets in Guangdong Chaoshan, Darman, which was shocked by the country. In the early 1990s, the rapid development of China's securities market caused Xu Zonglin's strong interest. This interest -free financing method made it the idea of listing. However, the clocks of listed companies are very high. In order to achieve the purpose of quickly listing, while promoting Darman's performance, Xu Zonglin quickly took the relationship with Yang Yongming, the director of the original city renovation office listed by Xi'an in charge of Xi'an. By bribing hundreds of thousands of yuan to the listing of Darman's listing. On December 30, 1996, Darman was listed on the Shanghai Stock Exchange as he wished, becoming the first non -state -owned enterprise listed in Xi'an. After the money in Darman's listing circle, Darman's performance was Wang Xiaofe's New Year. It was not as good as a year. Until this year was put on a ST hat, the huge investment of investors became the rolling Yellow River water. Essence Darman raised a total of more than 700 million yuan through listing and distribution. According to the company, these funds were used to build light matrix and slow -applied fertilizer production lines, Dujiangyan diamond processing bases, jewelry jewelry streets and other streets. According to the information provided by Xi'an Higma Accounting Firm, the financial statement of the audit statement shows that the money is spent, but the construction project under construction in Dujiangyan Diamond Processing Base and Jewelry Jewelry The land was located in Lantian, and then changed to Jilin. Anyway, the accountants had to write a audit letter that could not be expressed. This was also the direct reason for Dalman to be put on the ST hat this year. The project does not see the shadow, but the money is a mess. The mystery in this is afraid that only Xu Zonglin's heart is the most clear. In the words of old Shaanxi, this is a pit that Xu Zonglin dug Darman when he left. After being arrested for bribery, Yang Yongming, the director of the former Municipal Municipal Reform Office, learned that Xu Zonglin, who was incident at the East Window, began his long -lasting plan. Since 2003, he has lived in Canada. It was in 2003, Darman's illegal guarantee and pledge matters reached the highest peak of history, which has the taste of "last dinner". Xu Zonglin was gone, and he followed him not only his old and young, but also the funds of hundreds of millions of dollars. "The same day, one day when the water came out, the investor was justice.
On June 3, 2004, the China Securities Regulatory Commission with less than a hundred words of paper announced that Darman (600788), which has been on the list in various media in the province in recent months. The false statement was investigated by the China Securities Regulatory Commission. What happened to this famous company that was once the "Chinese jewelry boss"?
In fact, when it comes to Dalman, he must not be said to be Xu Zonglin. As a legal representative of Darman, he has a pivotal role in the history of Darman's false statement. Darman, Cheng Cheng, in Xu Zonglin, destroyed, destroyed in Xu Zonglin.
It's announcement, the main issue of the investigation of the case is that the company had major illegal guarantee matters in 2003, involving RMB 345.3 million, USD 1.335 million, and pledge involved RMB 518.43 million, with a total deposit of 52.743 million deposit orders of 52.743 million Yuan, and these huge guarantees and pledge were not disclosed to investors in a timely manner in accordance with the requirements of the CSRC. In other words, when the China Securities Regulatory Commission vigorously emphasized and supervised listed companies in a timely manner to perform information disclosure business in a timely manner, Darman still committed crimes under the teachings of his head Xu Zonglin, and it was not small. Compared with the hustle and bustle of the "beer" in the Chinese securities market last year, 1.8 billion yuan seemed to be a "small witch seeing the big witch", but the whole incident was connected, but it was the same as the "beer" incident. The illegal guarantee is also a senior executive, and it is not an exaggeration to say that it is Xi'an's "beer". But through the corner of the announcement, I can still feel faintly that Darman's problem is not just as simple as the announcement.
Let's take a look at the quarterly report of Dalman this year. At present, Darman's total share capital is 280 million shares, and the Cuibao Jewelry Group controlled by Xu Zonglin as the largest shareholder of Dalman is held by Xu Zonglin. 822 million shares and a net asset of 4.21 yuan per share. If these illegal guarantees and pledge will cause losses to Darman, 70%of its assets will be turned into black. We can say politely that if this is true, Cui Bao will not be able to debt, and Darman will be caught in a disaster. The gorgeous Darman headquarters building standing at No. 19 Jianong Road, Xi'an City has made many merchants who have come to discuss business with Dalman to be full of confidence in it. A little comforted, after all, I couldn't run the temple. However, it is amazing that, according to its employees, the headquarters building is just an empty shelf and has not been put into use. Xu Zonglin, the head of Darman, who was in the technique of deep fishing, rely on this unused and unavailable empty building to catch hundreds of millions of yuan in funds, and performed a modern version of the "new outfit of the emperor".
If people who have been managed in Darman, in daily production and operation, Xu Zonglin signed a false sales contract with Darman controlled by the Hong Kong company he controlled. On the one hand On the one hand, a huge loan, on the one hand, retains huge profits and payment on its Hong Kong company's account through this contract, and laid a foreshadowing for its later escape. Relying on a fake contract and an empty building, Darman has obtained a lot of profits under the command of Xu Zonglin. Illegal value -added tax invoices are offset to legal taxes that should be paid by the country. In the case of a large number of value -added tax tickets in Guangdong Chaoshan, Darman, which was shocked by the country.
In the early 1990s, the rapid development of China's securities market caused Xu Zonglin's strong interest. This interest -free financing method made it the idea of listing. However, the clocks of listed companies are very high. In order to achieve the purpose of quickly listing, while promoting Darman's performance, Xu Zonglin quickly took the relationship with Yang Yongming, the director of the original city renovation office listed by Xi'an in charge of Xi'an. By bribing hundreds of thousands of yuan to the listing of Darman's listing. On December 30, 1996, Darman was listed on the Shanghai Stock Exchange as he wished, becoming the first non -state -owned enterprise listed in Xi'an. After the money in Darman's listing circle, Darman's performance was Wang Xiaofe's New Year. It was not as good as a year. Until this year was put on a ST hat, the huge investment of investors became the rolling Yellow River water. Essence Darman raised a total of more than 700 million yuan through listing and distribution. According to the company, these funds were used to build light matrix and slow -applied fertilizer production lines, Dujiangyan diamond processing bases, jewelry jewelry streets and other streets. According to the information provided by Xi'an Higma Accounting Firm, the financial statement of the audit statement shows that the money is spent, but the construction project under construction in Dujiangyan Diamond Processing Base and Jewelry Jewelry The land was located in Lantian, and then changed to Jilin. Anyway, the accountants had to write a audit letter that could not be expressed. This was also the direct reason for Dalman to be put on the ST hat this year.
The project does not see the shadow, but the money is a mess. The mystery in this is afraid that only Xu Zonglin's heart is the most clear. In the words of old Shaanxi, this is a pit that Xu Zonglin dug Darman when he left. After being arrested for bribery, Yang Yongming, the director of the former Municipal Municipal Reform Office, learned that Xu Zonglin, who was incident at the East Window, began his long -lasting plan. Since 2003, he has lived in Canada. It was in 2003, Darman's illegal guarantee and pledge matters reached the highest peak of history, which has the taste of "last dinner".
Xu Zonglin was gone, and he followed him not only his old and young, but also the funds of hundreds of millions of dollars. "The same day, one day when the water came out, the investor was justice.