BBC -- REMOVAL OF RECOMMENDATION
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BBC -- The Illegal Saga
Full Story:
kanzhongguo.com
Date: 9/11/06
Chinese Article Automatically Machine Translated by Google
The past two years, investors yearning use "who became rich" mentality, wantonly touted overseas listing of the shares in various parts of fraud intensified. These companies use various forms of authorization to transfer the shares or securities issued by the securities issued by a disguised form. fabricated to be listed overseas, so handsome returns false information to deceive investors to buy their shares for a profit. According to statistics, only in Fuzhou, Fujian Province on the amount involved reached 10 million yuan annually. "The overseas listing of shares" scheme, recently, Zhengjianju investigated Fuzhou Fujian Investment Advisory blue sea blue sea Fuzhou limited CNOOC Ltd.) in such intermediaries, and issued a notice warning about the risk, warns investors not to buy the so-called "overseas listed stocks." A well versed in the industry for years before Xin West China Fuzhou employees to disclose the allegations : "Our main targets are not familiar with overseas financial markets and policies for the elderly and is not available very few people read newspapers. An Industrial Co. Ltd, the company's stock often sell Inner Mongolia. individual investors to buy at least 5,000 shares. If you pull a single, one yuan per generate sales surge. income of 5,000 yuan alone. The aim is to make a lot of money and sales, and do not understand this law. Gradually, the quest for the dream of every person to become real, which has become an inextricable. "From a legal point of view, Semi-level implementation of the standardization and management of the market there are still some obstacles, because no specialized agencies monitoring natural shares. In addition, the securities agency has no jurisdiction over the securities regulatory departments, the public security department in its only suspected fraud. for speculating that can only be dealt with alleged economic crimes and its business sector will be difficult to investigate and obtain evidence. Second, the offense hardly finds that hard to implement. In the process of investigating "Yuanshigu" marketing process cases, the agents and their clients to sign an agreement, share certificates, care centers or receipt by the company to be listed, how to identify them, the securities industry, There is a certain provisions of the law applicable to public security differences. Dilemma : enormous wealth not honored Yangling Bodisen Bodisen biotechnology development company CNOOC Ltd.) appears to be a special case : In Yuanshigu (unlisted shares of stock) operators who weave "overseas listing of the" bubble bursting in succession, This laid-off workers from 3,000 yuan Wang Qiong with the sale of a large number of enterprises built up Yuanshigu, connecting in the United States, Germany, Britain successful listing. "Through the night," promises will be honored, investors began its path to safeguard their rights. Miss Ip is a member of the Fuzhou many Bodisen shareholders. In July 2005, she set the price of 6.3 yuan to buy the company's stocks listed overseas. "At the time, very practical mind, because I was in March 2004 Bodisen companies listed in the United States after the purchase. is not no guarantee the Yuanshigu. "Miss Ip recalled :" At the time, we can immediately intermediary claimed publicly traded stocks. buy domestic stock can be converted into shares. "The facts are as alleged intermediary Fuzhou Chutian investment company, she bought after August 26, Bodisen is publicly listed on a stock exchange in the United States appeared to rise substantially. The maximum reached 21.87 U.S. dollars per share, equivalent to more than 160 yuan and 140 yuan per share book profits. In October, according to Miss Ip asked hands Yuanshigu Bodisen 4. 385 : 1 ratio of the shares of listed companies into the document. But to get a single equity, Miss Ip felt that something was amiss : "ownership documents that clearly above the English words, According to the document only as an investment law in 1933. not transaction. "What Miss Ip is unacceptable. Bodisen companies in the United States, she discovered that the disclosure of corporate information. Only the number of shareholders, including directors Wang Qiong 19, and 100% of all company shares. "This means that all domestic investors Bodisen will become a 'black households', we can not document their transactions. but is not recognized by the laws of the United States. , "Miss Ip wealth realized in the foreseeable future. Mr. Shaw seemed to get closer to the brink. In April 2004, he has 4 per share. Five yuan to purchase 2 million shares of Bodisen stock prices. Moreover, the success of the plate Bodisen or indeed is the U.S. version of the paper stock. According to the company, the owner of more than 15,000 shares of stock will be converted into U.S. investors purchased stocks. However, his situation and Miss Ip is the same. March 1, 2005 Bodisen International originally signed with the New York company and the "Joint Notice," "Under the laws of the United States of shareholders holding time, Bodisen companies since March 1, 2004 expiration of one year after the date of listing. U.S. stock prices shareholders can trade stocks "has not been honored. Instead, the launching of 16 October 2005 Notice : "According to the Securities Law Ordinance No. 144, U.S. shareholders holding at least two more years before they can unrestricted free stock transaction. " March 8, 2006, New York : International further notice, "according to the provisions of relevant laws of the United States. holding stocks for two years (from the date on which shares to print) can unrestricted trading in the United States. "Bodisen company has contradicted himself so much anger many of the investors. Mr. Shaw said that before the company said Bodisen domestic shareholders not to electronic share, and the choice of paper stock, It delays the transaction for shareholders, just as he shares until November 2007 after the transaction. Changing market, then Bodisen monetary value of the stock can be a problem. Coincidentally. At present, there are still some companies in Fuzhou, Xi'an sales Han Xin Technology, Inc. Bio-technology shares will be Xi'an, and the evidence almost Bodisen domestic stocks. the same is "non-negotiable investment transactions only" areas. Real riddle : Overseas domestic stocks listed on an overseas stock craze, Bodisen as a successful example of the financing of listed companies in the United States created the shortest time. or a number of other boards approved the fastest record. In this regard, China Securities Investment Consulting Company, Mr. Guo said. Many so-called domestic listed companies in the United States are actually landing OTCBB. It was reported that OTCBB market in the Main Board companies which are not due to poor performance from the Main Board listing or delisting of the enterprise market, This is domestic enterprises to the "shell" of resources. If buy a "shell" and paid the corresponding fees through the reverse acquisition of assets will be achieved through domestic "shell" listing. "Bodisen is the first company listed on this model. "Mr Kwok example : "declaration of material listed company called Bodisen Yangling Bodisen biotechnology development of a limited CNOOC BBST) To facilitate the listing of the company in the United States incorporated Bodisen. February 2004. CNOOC international securities brokerage firms in New York through the New York International) operation. Bodisen OTCBB buy the 'shell', OTCBB shell company with a convertible. listed Bodisen Biotechnology Limited, the company was renamed. Before December 2003. Bodisen has signed a convertible BBST agreement Bodisen 100% owned by Bodisen domestic shares. Thus, listed company completed a reverse acquisition of the domestic business entities, will complete listing plan. "" In fact, Bodisen in China use the company name to the development of biotechnology in Yangling Bodisen Bodisen shares of CNOOC Ltd.). This set up in August 2001 Qiong Wang, chairman of the shares of listed companies and other companies continue to control a large number of Yuanshigu sale to investors. Under the Companies Act, Company sponsors of the shares in the company three years is not transferable. Bodisen do not convertible transactions and offshore companies. Only 19 shareholders and limited liability company BBST no such restrictions. international operations in New York, Bodisen shares will be listed declaration does it become a limited liability company BBST. listed or plate in a short period of time and so successful. "" Bodisen listing from the road map to see that Wang Qiong 19 other shareholders 100% control Bodisen. Bodisen has 100% control of listed companies in the United States. Bodisen shares owned by the majority shareholders and has been filled with 100% listed company, Wang Qiong overall benefits from its other big shareholders receive. In short, investors who bought 19 other commissioned Wang Qiong Bodisen shares Wang Qiong others bought, Bodisen also listed. No investor -- Wang Qiong shareholder investors and others with the money to buy their own stock of Bodisen. Obviously, Actually, it is still in the hands of vast numbers of shareholders equity shares of stock Bodisen simply not recognized by the laws of the United States, their rights are not fully realized. "Mr Kwok analysis. In this regard, the Board Secretary Zhang Yongning Bodisen is interpreted in this way : "U.S. stocks are converted into domestic equity requires certain costs, given the small number of shares in the hands of those shareholders. To lower their costs, the company will become the property of their shares for unified management of major shareholders Now, and transactions in the United States commissioned the New York law permits international transactions. "As for who shares under the name, Zhang said that "no specific names." Currently, investors suspected that the so-called two years after the transaction, the company does not rule out the existing shareholders through the stock split ways Before holding company listed on the stock so that the shareholders the right to trade on the outside market. But they also worry that by that time, company executives will have full rest stocks, stock prices plummeted. They therefore concluded that shareholders caught in a dilemma : If the company is really to identify the problems, it will certainly lead to the suspension or the stock price plummeted; If not seen, it is feared that their Yuanshigu no "accounts", are likely to become a piece of paper. Insight that Bodisen has been listed on an overseas stock like this, a variety of other so-called "shares to be listed overseas," but in fact they are listed on the very slim hope. more people will lose everything. 5000 : Training for two days over a month since 2000, "the overseas listing of shares," the transfer of several waves of determined, Recently, he went to the extent of almost frenzied. According to Miss Ip, in the name of Fuzhou overseas listing to sell such "Yuanshigu" a large number of bodies. And as she has 500 to 600 investors have been stuck with tens of millions of money is huge. Acting securities business for illegal activities happen again hoodwinked the masses? A well versed in the industry for years before Xin West China Fuzhou employees to disclose the allegations : "Our main targets are not familiar with overseas financial markets and policies for the elderly and is not available very few people read newspapers. An Industrial Co. Ltd, the company's stock often sell Inner Mongolia. individual investors to buy at least 5,000 shares. If you pull a single, one yuan per generate sales surge. income of 5,000 yuan alone. The aim is to make a lot of money and sales, and do not understand this law. Gradually, the quest for the dream of every person to become real, which has become an inextricable. "" novice company, All new employees have to 'brainwashing' : 'You must themselves as financial consultants, very skilled like to be installed to guide customers to buy stocks. entangled in various ways to sum up customers stamped 20, 30 or even 100 calls per day, the results were easy out '. "To allow novice road as soon as possible. West China Xin each one of the company returned to the "business of the exhibition industry, there is" a list of shareholders and the link : "As long as a phone call here and not out sunbathing on the trip. and how a phone call? all in the 'book' inside. "For example, investors are : "You know how my phone? "The answer :" You have dialed the hotline over secondary market investors. Our company was originally engaged in the secondary market and advisory business, But from the end of last year we began to expand overseas equity investment in this field. We have relations of cooperation and brokerages, or, resources can be shared, so we know that you make the call. "In fact, Most calls were from investors in the secondary market to buy Securities Department. "Lies will become the truth that much. What not to a second, third second unworkable; Another colleague of a colleague, they have not said that two colleagues not let third colleagues went on to say; a company can not reliable Another company, Another company, finished third for the company said. "This is the" book "Record of the promotion customers several ways. Q : Why are investors not directly to the remittance company accounts? This is the most crucial point, customers often suspicious. In that sense, but the "book" -- to cope with long, "the transfer of shares of the tax rate is too high. We consider you to the greatest extent possible to reduce the investment cost (save 2% transfer fee shareholders with a 3% levy on the state tax). Meanwhile, It also simplifies the complexities of ownership for you, because the company accounts, then take the money deposited for three to five days. days to re-bid share certificates, share certificates last ten days to express to your hands. So, we use the private remittances. So you can rest assured that we have your remittance companies, You signed agreements with the funds will be secured to ensure the safety of your funds, compensation for lost ad valorem. (If customers do not trust. List of clients, we can also provide the latest information to you) in the development of its client, encountered each other replied, "I do not want to invest money," "I set the money in the stock market;", "I have money. I had not given Qian friends, "" I go to the money to buy a house "situation," the book "The answer is : first, to analyze whether a customer is really money, the money is really not a waste of time; stuck for money in the stock market, replied, "you can take advantage of our company's senior analyst, they have years of experience in real combat. Let them help you grasp the hands of the high-phase units, Ouyang sold is the best remedy. If you continue to stay in the stock market, will be unable to give you more and more losses. " "Through this two-day training. sales income of at least 5,000 a month, can earn hundreds of thousands more. I still think it still scares me now. This is an out-and-out fraud, illegal ah. "Guo said. How stocks end up overseas listing came out : "In fact, the issue of 'overseas listing shares' there is a common pattern : or acquaintances from intermediary companies, the transfer of shares of the companies in Xi'an, Chengdu and other western cities technology category, Overseas stock will be listed intermediary companies have pledged to double 10 times, the other side is a major shareholder in the company, remit the funds to the account designated shareholders. "The former employees continue to Fuzhou West China Xin said," every appearance of having gone through the overseas listed stocks to buy and the purchase of uncirculated. issuance of a series of meticulous operation, the unlisted company with the marketing of local custodian of shares, Property management companies and other organizations co-ordinated to join. The reason happen, the biggest reason is that it brought huge benefits to all parties. "Following is a description of the overseas listing of shares, he came out insider : First, unscrupulous intermediaries to persuade some biomedical enterprises and the central and western regions. Yuanshigu enterprises can to move the issue of funding. In coordination with enterprises, which started packing their intermediaries. So, A House 'high-tech', 'biomedical' concept of a venture company, "listing the United States" Great Expectations is these companies. Secondly, The second intermediary to the targets of the property rights exchanges in various areas. usually they will release their high prices in the exchange of information Yuanshigu packaging company, utmost to exaggerate the company's profitability and the listing of the value-added potential. Property Rights Exchange has not reviewed and strictly implemented, allow "the United States listed the upcoming" such false information through its formal release from the website, and also undertake to purchase property rights exchange for the transfer of Yuanshigu investors. Many investors more confident Yuanshigu trading. Third, I could care centers provided by the equity transactions. only for the registration and ownership changes. However, in the operation of intermediary agencies, Chengdu, Xi'an to the care center for clients such as procedures for share certificates, Objectively, the facilitation of illegal buying and selling of agency activities. Currently, The agent did not engage in illegal activities in shares of listed companies are mostly to Xi'an, Chengdu and other unlisted company stocks Five reasons people stop and think. get the upper shell and information channel, illegal intermediary directly from Xi'an, Chengdu, the company's share price to get a group of 1-2 million shares then the price to three to five yuan in the eastern region reselling. They recruited a group of young people in the name of an investment adviser, Securities Department bought from the secondary market, or random phone calls to the homes of local residents. free stock analysts to cover customers caught intermediary's office. Yuanshigu selling to them. The sealed documents are the listed companies, the exchange of information dissemination. Investors believed it is not hard to understand. Another mode of operation is to be intermediaries and listed companies signed a sales agent agreement. Canal 20 to 40% commission. It has been learned that the most flourishing in 2004. Each property companies on turnover of more than one million yuan in some investment advisers can reach as high as 25,600 yuan a month will generate. The profits evident. To expand business, and some companies boss has been a vigorous partnership, pay a monthly management fee, like any business transactions carried out Yuanshigu. can be linked to the company's brand. "Actually, Yuanshigu most of the so-called transfer of the trading activities and transactions are not eligible securities transactions. there are only some local governments have established or do not meet the eligibility of the transfer of shares and depository. They played a hoax Yuanshigu 'accomplice' inglorious role, if this is not restricted, Underground Yuanshigu transactions will continue to have a market. "He said," Therefore, the intermediate-check is not enough. must also rectify those illegal operations, property rights exchange and care centers, severely punish malicious issued Yuanshigu companies These companies are almost certain there is malicious fraud. "Warning : the market overseas is the lure of" March of this year, some investors have spontaneously organized a Bodisen Beijing, Shaanxi, Fujian joint action to safeguard their rights, and some even claimed to shareholders through legal means formal charges against the company. "Miss Ip said. In response, the industry said that civil rights-it will be quite difficult. From a legal point of view, Semi-level implementation of the standardization and management of the market there are still some obstacles, specialized agencies because natural shares with no supervision. Moreover, securities intermediaries, no jurisdiction over the securities regulatory departments, the public security department in the alleged fraud only for speculating. can only be dealt with alleged economic crimes and its business sector will be difficult to investigate and obtain evidence. Second, the offense finds difficult. hard to implement. in the process of investigating "Yuanshigu" marketing process cases, the agents and their clients to sign an agreement, share certificates, care centers or receipt by the company to be listed, how to identify them, the securities industry, There is a certain provisions of the law applicable to public security differences. his analysis, These intermediary organizations operate more concealed and deceptive manner than before. For example, in setting up the company shareholders, they would arrange a fly-by-night company or shareholders holding less. to the fly-by-night company or on behalf of its shareholders holding fewer shares to sell. Once the default or intentionally, The company put the blame on fly-by-night company or possession of small shareholders. authorities to investigate, fly-by-night company and the small shareholders will certainly be difficult to find, even those who could not find an intermediary. In addition, the contract, "voluntarily". "Investors have fully understood the risk", "own risk", "not any guarantee of investments", again shirking the responsibilities associated with illicit brokering business. In particular, we must be wary of those in a company registered overseas. many of its investors more easily deceived, because even if investors want to make inquiries and find out the relevant information, because the company is incorporated in overseas difficult. In practice, the face of this type of case. Courts often because of the lack of "capital master" type of judge and the powerless. Fuzhou Economic Investigation unit responsible people, the relevant law enforcement departments have been concerned about the illegal stock trading behavior investment advisory company and actively collecting relevant evidence. The intermediary companies want to be deceived investors who can provide relevant information, to restore economic losses. He warns you that almost all the illegal intermediaries are listed abroad as bait. Why illegal intermediaries will be more and more and more furious. The most fundamental reason is the ignorance and coveting some investors unrealistic profits.
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