On March 23, Zhongrun Resources Investment Corporation(000506) ( Zhongrun Resources Investment Corporation(000506) . SZ) received the warning letter issued by Shandong Securities Regulatory Bureau. According to the investigation of Shandong Provincial securities regulatory bureau, a property right transfer transaction of Zhongrun Resources Investment Corporation(000506) in 2012 was arranged by Zheng Fengwen, the then actual controller and chairman, and the assets finally flowed back from the listed company to another company controlled by Zheng Fengwen.
At the end of last year, Zhongrun Resources Investment Corporation(000506) received the decision on administrative punishment for repeatedly failing to disclose the overdue behavior of major debts in time. And Zhongrun Resources Investment Corporation(000506) 's operating condition is not good, or the net profit is negative for three consecutive years.
"left hand down right hand" one year later, the then chairman resigned
According to the relevant transaction announcement in 2012, on August 6 of that year, Zhongrun Resources Investment Corporation(000506) transferred its 100% equity of Shandong Shengji Investment Co., Ltd. (hereinafter referred to as Shandong Shengji) and its creditor's rights to Qilu Real Estate Co., Ltd. (hereinafter referred to as Qilu real estate) by means of agreement transfer. The consideration for equity transfer was 391 million yuan, the consideration for creditor's rights transfer was 989308 million yuan, and the total consideration was 490 million yuan.
Among them, the equity transfer consideration of Shandong Shengji is 195.42% higher than its net assets. According to the statement of Zhongrun Resources Investment Corporation(000506) at that time, the transaction will increase the profit of Zhongrun Resources Investment Corporation(000506) by 259 million yuan.
According to the warning letter disclosed by Zhongrun Resources Investment Corporation(000506) on March 23, after investigation, the above transaction was arranged by Zheng Fengwen, the actual controller and chairman of Zhongrun Resources Investment Corporation(000506) at that time, Qilu real estate cooperated as the intermediate bridge crossing party, and the final real transferee was Kunlun Jiangyuan industry and Trade Co., Ltd. (hereinafter referred to as Kunlun Jiangyuan). In 2012, Zhongrun Resources Investment Corporation(000506) and Kunlun Jiangyuan were both controlled by Zheng Fengwen, but Zhongrun Resources Investment Corporation(000506) said at that time that the transaction did not constitute a related party transaction.
The reporter of the daily economic news noted that Zheng Fengwen left the post of chairman of Zhongrun Resources Investment Corporation(000506) in August 2013, leaving a "mess" for Zhongrun Resources Investment Corporation(000506) instead. The transaction funds for the transfer of equity and creditor's rights of Shandong Shengji failed to arrive as agreed. By the end of 2020, Zhongrun Resources Investment Corporation(000506) there was still 64.41 million yuan outstanding.
For this reason, Zhongrun Resources Investment Corporation(000506) also applied to Jinan Arbitration Commission for arbitration as the applicant. According to the execution ruling disclosed by the company on December 3 last year, the court ruled to continue to seal up Qilu real estate, located on the 7th floor of PUFA building, No. 139 heihuquan West Road, Lixia District, Jinan City, Shandong Province, for a period of three years.
frequent internal control problems or losses for three consecutive years
The warning letter disclosed that since Zheng Fengwen concealed the true situation of the transaction from Zhongrun Resources Investment Corporation(000506) and the board of directors and was the person in charge directly, Shandong Securities Regulatory Bureau decided to take administrative supervision measures to issue a warning letter to Zhongrun Resources Investment Corporation(000506) and Zheng Fengwen and record it in the integrity file of the securities market.
Previously, Zhongrun Resources Investment Corporation(000506) had frequent violations of information disclosure.
Last December, Zhongrun Resources Investment Corporation(000506) received the decision on administrative punishment issued by the CSRC Zhongrun Resources Investment Corporation(000506) during the period from July 11, 2016 to April 27, 2018, the company failed to disclose major debts in time for many times, violating the laws related to information disclosure. The company served as the chairman, chief financial officer and Secretary of the board of directors in time and was fined a total of 460000 yuan.
In December 2020, Zhongrun Resources Investment Corporation(000506) received the warning letter issued by Shandong Securities Regulatory Bureau. For a guarantee, the company failed to perform the standard seal use procedures in accordance with the requirements of internal rules and regulations, and failed to perform the deliberation procedures and information disclosure obligations of the board of directors or the general meeting of shareholders in accordance with the provisions. This guarantee is to guarantee the loan of Kunlun Jiangyuan Zhongrun Resources Investment Corporation(000506) said that according to the company's preliminary judgment, the reason for the generation of the letter of guarantee document was the embezzlement of the company's official seal.
In 2019, Zhongrun Resources Investment Corporation(000506) received a warning letter from Shandong Provincial Securities Regulatory Bureau due to the failure to timely disclose the overdue matters of large amount of debt, the failure to timely disclose the overdue matters of large amount of creditor's rights, and the failure to fulfill the review and disclosure procedures of large amount of foreign loans.
Zhongrun Resources Investment Corporation(000506) main businesses include mining with gold as the main variety, real estate development and construction, sales and rental of self owned real estate. The business has not been carried out smoothly in the past two years, or there will be losses for three consecutive years. In 2019 and 2020, the company's net loss was 182046 million yuan and 493 million yuan. In 2020, the net profit decreased by more than 26 times year-on-year. The net loss in 2021 is expected to be 80 million yuan to 130 million yuan.
