Category: Money tips Release Date: 2006-02-06
"Flourishes", "overseas listing", "lucrative" ... ... when these tempting words ringing in your ears when investors do not be a sudden fall from the sky deceived by the pie. At present, the former a while the media widely reported the "initial" distribution fraud in the Mainland disguised some of the more economically developed regions staged a number of intermediaries and the so-called consulting companies use China-related stocks surged in the case of overseas-listed shares to attract investors Some want to go abroad, "listed" companies share transfer transaction, a profit.
"Overseas listing" into a new bait
Not long ago, this newspaper colleagues received an investment adviser claiming to be a telephone call from a lady, saying the current one where the agencies are operating in the Cayman Islands-registered technology companies listed overseas projects, is currently the technology company in Shanghai branch because the expansion of plant and the purchase of production equipment is being handled in cash capital increase, in line with the company's overseas listing of projects, they are the community to recruit 300 individual investors to buy the company's stock, saying once the company's successful listing of the individual Shareholders will be lucrative.
With suspicion, the reporter in accordance with "investment adviser" to the address provided by the investment agency for investigation. First, investment advisers spent a lot of time to introduce the investment company's bright prospects, and to all kinds of information were handed to a journalist, "companies are doing LED industry, the prospects are very good, now sold in 4.5 per share, in 2008 can be listed on Nasdaq, when the market price of the lowest five U.S. dollars per share. "
Later in Shanghai's Industrial and Commercial Administration Authority's Web site to use the network card inquiries about the investment adviser has said the company's industrial and commercial registration information, but can not be found on the company's Shanghai branch of the industrial and commercial registration information, the investment agency alleged One of the management team --- Canada's Asia Investment Management Limited also told reporters that the Han believed to be linked to the investment agency has nothing to do.
After the interview, the reporter consulted the securities regulatory bureaus of staff, according to concerned parties, with the original seminars, shares, product presentations, etc. to attract investors in the form of the Mainland is different in some areas is now a primary share offering scam "upgrade version" --- in order to "overseas listing" as bait, the use of Mainland investors are not familiar with overseas financial markets and related policies, the transfer of some companies to investors, shares of natural persons. These institutions are mostly targeted at the elderly and those who are not normally the Internet, very few people who read newspapers. Many elderly investors to put their life savings are invested in such "initial" deal, I thought I could rely on the overseas listing of access to wealth dignity, but do not want to get down the drain deceived.
It is worth noting that the "initial" fraud now emerged a new form of --- other investors to buy shares of the companies registered overseas investors more easily fooled by these illegal intermediary agencies, investors even if you want to go to search and learn more about the company's data, but also because of the difficulties registered overseas.
The illicit trade can not be gullible
The lawfulness of the acts institutional investors, investors in the face of how to do this activity?
To this end, the reporter consulted the East Kunlun Law Firm Shanghai Branch of the relevant parties understand that the agency which is a kind of disguise for the people who do not issue shares of a particular behavior, in fact, constitutes a public offering, should be subject to Securities regulatory agencies investigated. Limited number of shareholders is limited, the agency's practice has been a breakthrough Limited restrictions on the number of shareholders, but also contrary to the provisions of company law will be subject to industrial and commercial administrative organs of the investigation. Its commitment to market there is no guarantee, overseas listed companies in Mainland China A share transactions and transactions have different requirements, therefore, investors increase their investment if you encounter a similar "opportunities", it is best not to be ignored, to prevent fooled deceived.
Concerned that the current practice in China is still relatively strict capital control policy, in the current legal framework, the Mainland investors are not allowed to foreign investment. Some investment institutions will be conducting initial offerings and stock transfer activities to raise the funds deposited into offshore bank accounts and other acts of alleged illegal conduct overseas investment in disguise and illegal money-laundering.
The law will severely punish-related behavior
At present, some local property rights trading center of the non-standard business practices to a certain extent, increased the difficulty of identifying the illegal transfer of shares, investors must understand that property rights trading center can only trading of property rights registration services do not provide stock transfer services.
The non-listed companies because of the current provisions of the transfer of shares is still not perfect, investors buy shares, they found the situation with the original purchase agency described in dividends when the market very different, even to safeguard their rights, often find themselves in a more passive situation. Recourse to the law, because in the relevant legal basis, fact-finding, evidence may be found and so there are different views and perspectives, the outcome of litigation uncertainty, investors will bear a considerable risk of litigation. Thus, more than industry mentioned in an interview, hoping to establish as soon as possible the relevant regulatory framework and legislation to protect the interests of investors. Although some of these breaches by the words "Securities Law" and the "Company Law" to identify, but not the terms of a more detailed specification, a number of illegal acts because of their complexity and hidden nature of the interests of investors can not be led to a corresponding protection.
In response to this phenomenon, the relevant departments have begun to act, the law of such illegal sale of shares will be made to punish those who. Recently, the illegal intermediary "must benefit" companies learn the causes behind the owner of Pan fraudulent means no real value to the organization reselling of shares to fund-raising fraud by Shanghai Second Intermediate People's Court sentenced to life imprisonment, that is, to strengthen the judiciary in such cases a sign of more severe punishment (see the front page of this newspaper August 14, "" fighting "stiff-penalty case, will benefit culprits Pipanwuqi"). I believe that investors are increasingly alert at the same time, the country's relevant departments and the law would leave investors with additional protection.
