Gu Chujun Case China Does Not Regulate The Capital Market Exposure To The Unspoken Rules by srf asgas


Gu Chujun Case China Does Not Regulate The Capital Market Exposure To The Unspoken Rules by SRF ASGAS
Article Posted: 09/06/2010
Article Views: 26
Articles Written: 515 - MORE ARTICLES FROM THIS AUTHOR
Word Count: 713
Article Votes: 0

Gu Chujun Case China Does Not Regulate The Capital Market Exposure To The Unspoken Rules

Business,Business News,Business Opportunities

Experts, Gu Chujun cases concentrated in the past China's capital market and securities industry did not regulate many of the "hidden rules", such as the false capital, diversion of occupation or withdrawing funds, listed companies are not required to disclose information behavior.

2008 1 morning of 30 to 50 years in southern China experienced the test once in the snow, the Gu Chujun and so also of his life near the freezing point of 50 years. On this day, Foshan Intermediate People's Court of First Instance ruling on the Gu Chujun make the case. Was sentenced to 12 years imprisonment Gu Chujun, a fine of 6.8 million yuan. Although Gu Chujun After hearing sentencing, the mouth smiled, but lawyers said Gu Gu Chujun has clearly indicated that they would appeal.

Gu Chujun capital defeat Gu Chujun was the man of the household appliance industry in China, 5 in 1959, he was born in Yangzhou, Jiangsu Province by virtue of his "Gu refrigerant" patent, into business in 1989. In 2000, Gu Chujun in the Cayman Islands Greencool Technology Holdings Limited, and in that year on July 13 GEM successful landing. Since then, Gu Chujun from a thermal engineer to become a capital master.

2001 10 months, Gu Chujun spend 560 million yuan acquisition of China's refrigerator industry when one of the four giant Kelon. The gray hair, wearing glasses wide businessman suspected of being in the industry as "karate master." In 2001, China issued a major economic class of the media have questioned the article, the theory of firepower concentrated in the Gu Chujun suspense, corporate performance, acquisition financing and other issues.

Despite the controversies, Gu Chujun in his economic empire is still the capital of his writing a myth. June 2003, Gu Chujun has a wholly-owned shares in listed companies in Shunde Greencool success of the White Meiling, a large shareholder of its holding. In Dec. 2003, Gu Chujun invested 400 million yuan announced the White Yaxing.

People familiar with Gu Chujun said Gu Chujun often catch-phrase is: "I scholarship, made scientists; I do business, made billionaire, who smarter than me!" In this super-confident of psychology, Gu Chujun new life and defeat.

2005 2 24, Greencool's Meiling rectification report published?? Of the CSRC in Anhui Authority in September 27, 2004 ~ 30 inspections carried out on the Meiling, and ordered its rectification. Are two reasons for misappropriation of funds, two major loans in 2004, the non-disclosure issues, third, financial and management problems.

2005 4 27, Kelon Electrical Pre-losing sudden release announcement, expected 2004 loss of 60 million yuan. It is noteworthy that Kelon in January 2004 ~ the end of September net profit of more than 200 million yuan, 0.2 yuan per share also reached. The 3 months time, however, the performance of Kelon fall into hell from heaven.

At the same time, under the China Securities Regulatory Commission were sent Guangdong, Jiangsu, Hubei, Anhui, 4 to the securities regulatory authorities jointly Greencool alleged breach of its holding in listed companies misappropriated Kelon Electrical funds, acquisition of Meiling, Xiangyang bearing and Yaxing three listed companies investigating the incident.

2005 5 10, Kelon Electrical announcement that the company has been suspicion of violating securities laws by the Chinese Securities Regulatory Commission to initiate an investigation. July 8, Kelon Electrical announcement said the company three independent directors asylum Chang Chen, microstructures comparison, Xu Luti his resignation. July 11, an open "back care movement" began, as the holders of 100 shares of Kelon minority shareholder, prominent lawyers Yan Yiming proposal to convene extraordinary general Kelon Electrical, removal of chairman Gu Chujun.

2005 7 29, the stock market celebrated the "capital operation of the master," Gu Chujun, Capital Airport in Beijing to take coercive measures by the public security departments.

2006 7 16, the Commission on the Guangdong Kelon Electrical Co., Ltd. and its responsible person of securities law violations, according to the decision made by the administrative penalty and market exclusion.

I am Mp3 Player Manufacturers writer, reports some information about solar light bird feeder , solar panel charge controller.

Related Articles - solar light bird feeder, solar panel charge controller,

Email this Article to a Friend!
Receive Articles like this one direct to your email box!
Subscribe for free today!

Rate This Article

Do you Agree or Disagree? Have a Comment? POST IT!

Reader Opinions

Submit your comments and they will be posted here.

Make this comment Public or Private to the Author only:

Name:

Email:
*Your email will NOT be posted. This is for administrative purposes only.

Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.

Please enter the code in the image: