Dew laugh technology was found 30 million IPO fund-raising into the pockets of major shareholders

April this year, dew laugh Technology (002617) former Secretary of the board of directors Cai Shen was arrested on suspicion of criminal detention. Today, the company was due to violation of laws and regulations Commission investigation.

With the investigation announcement released at the same time, there is a "on the project construction funds transfer company notice", in this announcement, roshow technology said that the company had raised funds in 2012 transferred 30 million yuan IPO, which is part of the funds has experienced a tortuous path after finally entered the big shareholder roshow group pockets.

Illegal use of 30 million IPO fund-raising

Dew smile today (10) announcement, the company received a notice of the Commission investigation on the 9, because the company suspected of violating securities laws and regulations, the Commission decided to initiate an investigation on the company. The company will actively cooperate with the Commission's investigation, and strictly fulfill the obligation of information disclosure. Dew smile technology also revealed that the company's normal production and operation, the company's 2012 annual audit is underway.

Dew smile today released another announcement shows that in September 2012, the board of directors passed a resolution, decided to invest 103 million yuan to build new industrial technology R & D base project. To this end, in December 25th of the same year, the company bid for the corresponding land for supporting construction. Since then, the smile technology infrastructure and leadership in charge of the project will be decided to hand over to the controlling shareholder of the group laugh.

November 27, 2012, December 12th, a wholly-owned subsidiary of technology roshow roshow electronic wire to raise regulatory capital account will be 20 million 500 thousand yuan and 9 million 500 thousand yuan bill, roshow group and other construction units into account indirect endorsement by directly or indirectly for R & D projects supporting the project implementation. According to the relevant provisions of the Commission and the Shenzhen Stock Exchange, raising funds must be stored in accordance with the provisions of the special account and earmarking. Therefore, the technology will be used to raise the money to raise the tone of the behavior of non investment projects with this provision contrary. After the event, the group has been exposed in July 21st this year, the initiative of the above 30 million yuan of funds and interest returned to the dew laugh technology.

For violations, roshow technology explained that this stems from the company's management laws and regulations consciousness is not strong, the use of funds for equity investment projects and financial management there is a serious misunderstanding, finance, infrastructure sector listed companies to raise funds and project construction supervision awareness of the presence of a serious shortage; and the internal financial management system of company specification, in violation of the relevant provisions of the operation. The company has written a report to the regulatory authorities to report the incident, will accept the supervision of the regulatory authorities to investigate, punish, and apologize to investors.

Sponsor did not find violations

According to roshow technology the company transferred 30 million yuan fund-raising occurred in November 2012 and December. The company disclosed in the April 24, 2013 of 2012 to raise funds on deposit with the use of a special report said, "in 2012, there will be surplus funds for other investment projects to raise funds or investment projects to raise funds, as of the end of 2012 has not yet been used to raise funds deposited in the special account to raise funds. "

In addition, Dongxing Securities believes that after verification, roshow technology to raise funds for the year 2012 storage and use in accordance with the provisions of relevant laws and regulations and documents, to raise funds for a special account and special use, there is no change the use of proceeds in disguise and damage the interests of the shareholders of the situation, there is no illegal use of funds raised situation.

Until April 28th this year, the announcement of the release, the use of funds raised, and the Dongxing stock market still laugh technology similar expressions.

Daily economic news reporter noted that the dew laugh technology investment 103 million yuan to build the industry's new technology research and development base project is not the company to raise funds to invest in IPO project, the project supporting the construction of the project does not belong to the IPO investment projects. However, the listed company will be 30 million yuan to raise funds to invest in which IPO, which is not consistent with the company itself and the sponsor of the Dongxing securities statement.

"Since the consciousness of management laws and regulations is not strong, the use of funds for equity investment projects and financial management are wrong understanding, why roshow technology in recent years can be transferred successfully hidden fund-raising behavior? There are investors in the stock it questioned.

What is the truth? Need to wait for the Commission survey results released.

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