The last time I talked about the long-term recommendations in the beautiful wine 50 Optional Share Wuliangye Prince ------- (000,858), the main analysis of the performance of the stock outstanding and related party transactions of listed companies the great dangers of listed companies proceeds are used seemingly legitimate means, the way transactions with related theft was clean, visualization metaphor is: related party transactions with a bottle of wine a bottle cap predatory profits, and this hook file, has since 1997 been using until now, the legitimate interests of shareholders of listed companies caused a huge loss. (analysis of articles :2007-09-10 | pure Wuliangye, dirty related-party transactions - a bottle cap with a bottle of beer money for the dirty deal.)
Recently, I have been an important news of the excitement, the inspiration, I deeply think,Ugg Classic Cardy Grey, for us the Chinese stock market a landmark event and tossing, and also for many of the Wuliangye (000,858) broad public shareholders was removed because the face of major shareholder Wuliangye . (full text http://www.chinanews.com.cn/cj/kong/news/2007/09-08/1021711.shtml)
along, keep a close watch on the listed company's laws and regulations only in the a long time, we can not follow China's stock market in such an embarrassing situation, related to the breeding of transactions, such as inside information to manipulate stock prices of long-standing hotbed of bad behavior, particularly for similar Wuliangye Group, this profit company is not an isolated phenomenon, with a special need to solve the laws and regulations will be submitted to the State Council for consideration of the drafting instructions will be described in the Ordinance, the Ordinance is to improve the drafting of the main line through the transparency of listed companies and listed companies to promote the modern enterprise system as the basis, the directors of listed companies, supervisors and senior executives and controlling shareholders, actual controller behavior focus to improve the quality of listed companies targeted by enactment of the Bill to strengthen the regulatory means to improve regulatory quality and efficiency, strengthen regulatory cooperation, and build an integrated regulatory system, create a favorable environment for the development of securities markets.
Accordingly, comments issued clear regulatory supervision of listed companies in the role and position, that the regulation of listed companies should disclose information on the core, for listed companies and related parties of the regulatory measures taken, the real purpose is to encourage listed companies, accurate, complete and timely disclosure of information to investors, giving investors a real public company. draft a total of 10 chapters and 106 of China's listed companies supervision of the outstanding issues and made specific provisions.
Draft of listed companies and strengthen the controlling shareholder, actual controller and the control of other company personnel, assets, financial separate institutions, operational independence requirements, to encourage companies through private placement and other means to achieve the overall market,cheap uggs for sale, the provisions of the controlling shareholder ,Classic Argyle Knit Uggs, the actual controller and its control of other enterprises shall not use related-party transactions, asset restructuring, investment, directly or indirectly,Ugg Classic Cardy Black, any occupation listed company's assets.
order to better regulate related transactions, effectively curb security breaches, draft requirements for related party transactions of listed companies, the basic principles of external security,Classic Tall Uggs, consider the rights and procedures, related party transactions requiring listed companies to ensure fair and reasonable, and strengthen the timely disclosure of related party transactions involving obligations related matters, and require listed companies guarantee illegal,Classic Tall Stripe Uggs, will be investigated according to law firms and related responsible persons.
draft requires listed companies should establish an information management system and important information disclosure internal reporting system, the relevant provisions of the Securities Act, based on the information to further clarify the disclosure obligations the scope and responsibilities, require listed companies controlling shareholders and actual controller of the information disclosure obligations, defined directors, supervisors and senior management of the company's periodic reports written confirmation signed by the views of the obligation to audit opinion, provides the first major disclosure of information point in time and is still in the planning stage for a major event in the disclosure requirements, and provides trust by way of commission or hold or actual control of the voting shares of a listed company's disclosure obligations to investors.
State Council Legislative Affairs Office of the relevant circular clearly provinces , autonomous regions and municipalities in the region legal office responsible for collecting the relevant units and all walks of life, on September 24, 2007, the summary submitted to the State Council Legislative Affairs Office of the opinions; views of relevant authorities, shall be in writing in September 2007 sent to the State Council Legislative Affairs Office before 24.
Wuliangye 000,858 on the interpretation of the future or next year forecast:
government-backed Yibin Municipal Committee and Vice Mayor Tang Bridge since he took office as the new chairman of the board, according to provincial government announced that he came as an assistant Overhead Wuliangye, Wuliangye continue operation in accordance with the existing strategic approach, the process in advance for local fine-tuning, has always been a down-do as the main task, the main industry conscientiously do a good job, do more to increase the performance of a great substantial contribution, which is sure to give an objective.
2007, when semi-annual report, the company will not declare this year the overall market. Wuliangye 000 858 for the head, the 2008 will be an extraordinary year, the times have been approached, in 2008, their related party transactions, or forced to regulate their own trade association, I do not know, it is certain that, in 2008 and in the future, Wuliangye will solve their decade-long imprisonment shackles, whether active or passive, the answer is only a -------- legitimate!
for the large number of shareholders or related party transactions victims, You find that related party transactions or insider trading, when you can not just as a shareholder, but as ordinary people's identity, to report the illegal behavior, requiring law enforcement agencies to investigate and punish illegal behavior, such as: the lake seems Nights the overall market today Wuliangye specific about the significance of the overall market.
the overall market, due to all the parent company's assets into the listed company, the two combined, so the pre-existing non-listed parent company and in listed companies correlation between the number of non-fair trade, competition, and the occupation of the parent company of listed companies will lose the benefit of the situation there is the basis for the parent company which put an end to unfair related-party transactions by the transfer of profits of listed companies, or the usurpation of the same competition business opportunities listed companies, listed companies or funds directly take actions to avoid infringement of listed companies and corporate interests of minority shareholders, so that can effectively improve the governance structure of listed companies to increase the transparency of the operation of listed companies to improve the operating performance of listed companies safeguard the interests of all shareholders of listed companies, as far as possible equal treatment of all shareholders, all shareholders in the distribution of common sense to achieve a fair and reasonable.
the overall market, the elimination of the holding company and listed company personnel cross-representation or part of the case, eliminate the key personnel listed companies on behalf of both companies, but also on behalf of the controlling shareholder of the problem arising from a confusion of roles, so that it can be bent for the listed company. Secondly, the overall market, can be effectively listed companies and their holding parent association between the internalization of transactions, reduce costs and tax negotiations, reduce transaction costs. again, help listed companies to form a complete industrial chain, enhance its management efficiency. Finally, the overall market, it will eliminate the spin-off After listing, the listed companies and unlisted companies formed between the level of salaries, benefits and other differences, to avoid contradictions and conflicts within the staff, thereby reducing management costs and internal costs, improve production and management efficiency and improve operations of listed companies performance.
Summary:
by two articles, we will soon see a take-off Wuliangye, if we can successfully solve the problem of related-party transactions Wuliangye, then bring on the majority of shareholders of listed companies and is a huge and proceeds distribution, we also see the China Securities Management is the process of development from scratch, although we are still in the initial stage of development of the securities, which is the weakness and an opportunity, a growing Chinese economy, a growing stock market has brought us long-term planning and expectations, Wuliangye a splendid future, our Chinese investors to invest further down the road open.