On the ground and then Disasters pile up on one another. by letter Phi violation penalty

According to the Dongguan Times reported that the Dongguan listed companies KingSun Commission was investigating a new progress. Yesterday, KingSun announcement, said in March 17th the company has received the Guangdong securities regulatory bureau of the "decision of administrative punishment", because of the company's largest shareholder group and ground the presence of non operating capital transactions and fails to perform the obligation of information disclosure, the company and 4 executives warned, fined a total of 1 million 80 thousand yuan.

It is reported that in 2013 2014, KingSun KingSun group accumulated to transfer funds 1 billion 828 million yuan; KingSun group accumulated 1 billion 29 million yuan of funds transferred to the company, KingSun group by subordinate enterprises accumulated 798 million yuan of funds transferred to the company. As of the end of 2014, the ground between the company and the group of non operating funds with zero balance. In addition, KingSun group has the non operating capital transactions to the company to pay 28 million 8 thousand and 300 yuan of interest.

In this regard, KingSun said to accept the administrative punishment, do not apply for administrative reconsideration and administrative litigation. At the same time, the company also said it would strengthen the implementation of the internal control system, optimize the corporate governance structure, strengthen internal audit work, improve compliance awareness.

Yesterday, KingSun opened slightly higher after directly ascribed to a concussion in the afternoon quickly pulled, closing at 16.77 yuan, up 7.09%, turnover is slightly enlarged to 422 million yuan. If the result from the survey at the end of last December after the news came out of the low price 10.96 yuan, the highest increase as the interval of yesterday has reached 56.30% (3 months). This year, its share price has risen by 40.57%.

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