In fact, when it comes to Dahlman, we have to talk about Xu. As the legal representative of Dahlman, he played an important role in the history of Dahlman's false statements. Dahlman has succeeded, success lies in Xu, destruction lies in Xu.
Judging from the announcement alone, the main problem it was investigated was that in 2003, the company had a major violation of the guarantee behavior, involving 345.3 million yuan, 654.38 US dollars +0.335 million yuan, and the pledge involved 565.438 yuan +0.843 million yuan, totaling 527.43 million yuan. However, these huge guarantees and pledges were not disclosed to investors in time according to the requirements of the CSRC. That is to say, while the China Securities Regulatory Commission strongly emphasized and urged listed companies to perform information disclosure business in time, Dahlman, at the behest of Xu, the head of the company, was still brave enough to commit crimes against the wind. This seems to be a drop in the bucket compared with the "hops" illegal guarantee of 65.438+0.8 billion yuan in China stock market last year, but the whole incident is similar to the "hops" incident, which is also an illegal guarantee, and it is not too much to say that it is Xi 'an's "hops". But through the corner of the announcement, we can still vaguely feel that Dahlman's problem is not just as simple as the announcement.
Let's take a look at Dahlman's quarterly report in the first quarter of this year. At present, the total share capital of Dahlman is 280 million shares, and Cuibao Jewelry Group, the largest shareholder in Dahlman controlled by Xu, holds 82.2 million shares with a net asset of 4.2 1 yuan per share. If these illegal guarantees and pledges will cause losses to Dahlman, 70% of its assets will go up in smoke. We can say you're welcome. If so, Cuibao will be insolvent and Dahlman will be finished. The magnificent Dahlman headquarters building, which stands at No.0/9, Gong Jian Road, Xi, has filled many businessmen who come to negotiate business with Dahlman with confidence. As an image project of listed companies, it also brings some comfort to investors. After all, monks can't run out of the temple. Surprisingly, however, according to its employees, the headquarters building is just an empty shelf and has not been put into use at all. Xu, the head of Dahlman who knows how to fish, got hundreds of millions of dollars from this idle and useless empty building and staged a modern version of The Emperor's New Clothes.
According to a person who once worked as a manager in Dahlman, in daily production and operation, Xu signed a false sales contract with Dahlman through a Hong Kong company under his control. On the one hand, he defrauded the bank of huge loans based on this contract, on the other hand, he retained huge profits and payment in his Hong Kong company account through this contract, which laid the foundation for his later escape. Relying on fake contracts and empty buildings, Dahlman made a lot of profits under Xu's command. However, this did not satisfy Xu's appetite. At his suggestion, Dahlman collects illegal VAT invoices everywhere to offset the legal taxes that should be paid to the state. Dahlman is one of the major VAT printing cases in Chaoshan, Guangdong Province that shocked the whole country.
In the early 1990s, the rapid development of China's securities market aroused Xu's strong interest, and this interest-free financing method gave him the idea of listing. But the threshold of listed companies is very high. In order to make money by listing quickly, while improving Dahlman's performance, Xu quickly got in touch with the former director of the Municipal Economic Restructuring Office, who was in charge of the listing of enterprises in An, and bribed hundreds of thousands of yuan to make them go around for listing in Dahlman. 1996 12.30, Dahlman was listed on the Shanghai Stock Exchange, becoming the first non-state-owned enterprise listed in Xi. After Dahlman's listing circle made money, Dahlman's performance was that Wang Xiaoer celebrated the New Year, which was getting worse every year. Until this year, he was labeled as ST, and the huge investment of investors turned into a rolling Yellow River. Dahlman raised more than 700 million yuan through listing and rights issue. According to the company, these funds are used to build light matrix and slow-release fertilizer production lines, Dujiangyan diamond processing base, jewelry street and other projects. However, according to the information provided by Xi Anshima Certified Public Accountants, which audited its financial statements, the money has been spent, but Dujiangyan diamond processing base and jewelry street are under construction. The optical matrix project was first implemented in Lantian and later changed to Jilin. Anyway, there is no shadow, so accountants have to start writing audit reports that can't express their opinions, which is also the direct reason why Dahlman was put on the ST hat this year.
The project has no shadow, but the money is spent in a mess I'm afraid only Xu knows the secret best. In the words of Laoshan Mountain, this is the pit that Xu dug for Dahlman when he left. After the former director of the Municipal Economic Restructuring Office was arrested for taking bribes, Xu, who was caught in a scandal, began a long-planned resignation plan. Since 2003, he has lived in Canada for a long time and directed Dahlman's business remotely. That is, in 2003, Dahlman's illegal guarantee and pledge reached a historical peak, full of the flavor of "the last supper".
Xu left, not only with his family, but also with hundreds of millions of unaccounted-for funds. We hope that with the filing of the case by the Securities and Futures Commission, these things will come to the bottom like the BMW lottery case, and investors will be fair.