KingSun "green earth" will repeat the mistakes?

With the IPO restart day approaching, one side of the Commission has gradually exposed the punishment of fraud listed companies, while increasing the intensity of the listed companies to be checked.

In the green earth, Edmond branch were sacked after the famous Guangdong waves limelight, LED leading companies KingSun also fell into a IPO "letter batch door" storm of public opinion. After the resumption of trading fell to 10.14 yuan, compared to the previous introduction of the share price of $13.56, down more than 25%.

The next "green earth"?

In recent days, two notorious capital market -- the green earth and Edmond branch as a fraud case have been punished, while the green earth appeal upheld the appeal dismissed former executives of the company. Next, the company will enter the civil claim stage, while the on-site investigation of Edmond branch alleged financial fraud and other illegal acts have been basically completed, regulators will in the near future in accordance with legal procedures in accordance with the law.

Although hail Health Division has not yet been convicted of the last sentence, there are lawyers predict hail Health Branch of the company's executives suspected of fraud will be subject to heavy penalties in the green earth, and the company may also face the risk of delisting.

Whether it will repeat the mistakes?

According to media reports, 2008 to 2011 (i.e., KingSun listed three years ago), KingSun top five domestic customers, has three companies and KingSun or association. Nanfang Daily reporter inquiries prospectus found that related to the company, the total transaction is from 2008 to 2011, photoelectric Parton lighting and cumulative KingSun occurrence was 78 million 596 thousand yuan, accounting for three of the annual KingSun total operating income of 2 billion 203 million yuan 3.57%.

It is reported that the current self-examination materials have been reported to the Guangdong securities regulatory bureau, waiting for the final regulatory authorities. Because the transactions were smaller, industry speculation that the "tricks" the possibility of a larger ground.

"The media exposure, but also gave me a big lesson, mistakes we bear all, pay tuition is granted," Li Xuliang told Nanfang Daily reporter inquiries admitted that the company had approved the letter does not in place, previously did not know the matter will be involved in related party transactions, "but the cosmetic results, fraud listed for us, there is no need, no motivation. "

Chairman admits profound lesson

A few days ago, the latest data show that the Commission, under the financial verification of deterrence, 162 proposed IPO enterprise crashed self-examination, listed the dream.

Many media questioned the alleged Pengcheng accountant to help enterprises listed on the packaging, while the ground when the listed accountant is pengcheng. For questioned why the choice of KingSun Guoxin Securities and Pengcheng accountants as intermediaries, Li Xuliang yesterday also disclosed for the first time, "before 2007, I for the capital market awareness is almost blank, I was just from the perspective of scale and brand choice.

For once touted Qinshang institutional investors, the mood is even more complex. Because of the listing process was traced to conceal important relationship, KingSun shares sharply lower in March 26th after the rapid limit, mechanism of collective hot money fled. In March 27th, KingSun was forced to apply for suspension. April 1st issued a Clarification Announcement and resume trading. Before and after the resumption of trading, the mechanism in KingSun Fukui has been more than 20%.

But on Monday, KingSun plate with the LED rebounded sharply after 5.52% at night, the company released results notice, is expected in the first quarter of 2013 net profit attributable to shareholders of listed companies profit 28 million 40 thousand yuan -3020 million yuan, an increase of 30%-40%. Qinshang Tuesday intraday stock price rose again, but the late fall, closed slightly down.