In the face of the debt crisis, the performance of a continuous decline, the music watch another storm. Recently reported that involved in the 2010 music Watch IPO review, more than the former board of directors issued by the Executive Committee to take coercive measures, including the then Asia Pacific Group Certified Public Accountants Deputy director Xie Zhongping, Beijing Tianquan full account firm Sun Xiaobo, deputy general manager.
The reporter confirmed that at least one audit of its IPO before the issuance of the Committee members have been investigated. About Xie Zhongping was investigated, the service of Lixin Certified Public Accountants do not want to name the person yesterday, told reporters that he was Was asked to assist in the investigation, but things were not related to Ericsson, which was then the Asia Pacific Group Certified Public Accountants'.
Day round of the accounting firm of a staff member told the Beijing News reporter, Sun Xiaobo has not yet left, but recently did not appear in the firm.Reporter tried to contact Sun Xiaobo, the latter phone is in a state of shutdown.
According to reports, through years of continuous 'charge', Sun Xiaobo has CPA (CPA), CPV (registered asset appraiser), CTA (registered tax accountants) and many other professional qualifications. He was re-elected three members of the Board of Directors issued The
Concurrent members of the Commission issued a statement that their innocence
"Finance" reported that involving more than 10 people list, which made the same period, the issuance examination committee also received other members of the 'attention.' Over the same period, Wang Yuehao editor on the Beijing News reporter said that no regulators and individuals on the music network IPO project He understood the situation, he did not violate the provisions of the meeting with the project related parties, did not charge for property.For Xie, Sun two, Wang Yuehao on the Beijing News reporter said, 'for many years there is no contact, not the same unit, Xie Zhongping, Sun Xiaobo's The situation does not understand.
The event originated music video IPO audit, the music network close to the stakeholders said that at present did not hear LeTV executives to accept the relevant department inquiries, no department came to understand the situation.
Xie Zhongping appeared several times in the shares of Huijin Cube
SFC official website shows that, in addition to as a music video IPO project review committee, Xie Zhongping, Sun Xiaobo or Oriental Sunrise, Shenzhou Taiyue members of the issuance examination committee.
Public information, music Watch, Oriental Sunrise, Shenzhou Taiyue has a common shareholder, Huijin cubic. Public reports show that Beijing Huijin cubic investment management center of the real person to complete.
From the time point of view, Huijin cubic stake in the company, there are 'assault' shares of the situation.
Prospectus shows that Huijin Cube was established in August 2008, August 2008 Huijin Cube 20 million stake in music Watch, 2010 music Watch market; August 2008 stake in the East rose in 2009, holdings to 411.71 million shares, 2010 In September 2009 Huijin Cube to 35.64 million yuan shares Shenzhou Taiyue, holding 270 million shares, in October 2009, Shenzhou Taiyue listed on the first day closing price of 102.9 yuan, 2010 stock price Break through 200 yuan.
Lee has been accused of providing music for the listing of music
In 2016, Yangzhou City, Jiangsu Province Procuratorate has charged: the former Securities and Futures Commission Director of Investor Protection Li has for the music as the company to provide information to help.
On November 10, 2016, Yangzhou Intermediate People's Court of Jiangsu Province held a public hearing on the case where Li Liang, former director of the Investor Protection Bureau of China Securities Regulatory Commission, took a bribe case.
Public information shows that the People's Procuratorate of Yangzhou City, Jiangsu Province, accused: 2000 to 2012, the defendant Lee used to serve as the China Securities Regulatory Commission issued a regulatory department issued a review of the Director of the GEM issued a deputy director of the Department of convenience, (Beijing) Co., Ltd. and other nine companies to apply for public offering of shares or listed to help, and in 2000 to 2013 to accept the company's investors to send property, a total of equivalent to 693.622654 million yuan. The criminal responsibility of Li Li.
In the case, the fact that music is listed for bribery is evidence of the prosecution's allegations.
However, in the ensuing statement, LeTV said, "The existing major shareholders and management of the Company and the Company are not related to the issue and will not be affected."
LeTV online market is questioned: inconsistent data
In August 2010, LeTV officially listed on the GEM, and LeTV's IPO prospectus showed that LeTV's main business was high-definition video on demand and video advertising.
As the first A-share listed video website, LeTV transaction price exceeded the issue price by 60% to nearly RMB50, and the market capitalization on the first day reached RMB4.4 billion. At the same time, the same volume of cool six network listed in the United States, the market value Not yet exceeded 100 million US dollars.
'Not famous' music Watch, how to profit? Become the market focus.
LeTV prospectus shows that from 2005 to 2007, LeTV revenue were 0 yuan, 17.44 million yuan and 36.91 million yuan, net profit in 2007 reached 14.69 million yuan, turning losses into profits; the company revenue in 2009 Up to 134 million yuan, net profit of 44.12 million yuan.
August 2010 Alexa's data show that LeTV in the domestic traffic rankings in the site at 125, Youku in the first 10, Tudou in 12th place.
Youku located in the head of the flow, potatoes are still 'burn' loss, 'unknown' LeTV has completed 10 million yuan of profit.
Prospectus shows that LeTV main source of income is the network HD video service revenue in the past three years accounted for 85.56%, 71.78% and 54.96% of the main business revenue; LeTV network HD video service revenue comes mainly from individual users.
At that time, there are market participants questioned, music Watch in the prospectus repeatedly stressed in 2009 the company's monthly service users paid more than 300,000 monthly, calculated accordingly, the company in 2009 from individual paid users income of up to 108 million Yuan, but the 2009 high-definition video business services revenue only 73.55 million yuan, before and after the contradiction.
Not only that, music after the success of the IPO, its earnings have been questioned.
June 23, 2015, well-known financial expert Liu Shuwei published a "music Watch Analysis Report." The article pointed out: Music Watch 2014 annual report disclosed the main business income structure, but not as other listed companies, as disclosed in the business profit Happening.
According to the accounting standards, the board of directors of the company should introduce the operation in the report period, which includes: to explain the composition of the main business income and main business profit in the report period by industry, product and region respectively.
However, the 2014 annual report of LeTV apparently violated the aforesaid provisions, did not disclose the composition of the profit from its principal business and did not indicate the source of operating profit.
■ Extend
Ping An Securities sponsor sponsor fee sponsor 36 million
Public information shows that Ping An Securities is the sponsor of LeTV IPO, Beijing Xinli Law Firm, Reanda Certified Public Accountants for the IPO network IPO agencies.
Profit, Ping An Securities sponsor process in the network to obtain 'pay', underwriting sponsorship fee of 36 million, Beijing Xin Li law firm charged attorney fees 700,000 yuan, Reanda Certified Public Accountants audit fees charged 700,000 yuan, information disclosure Relevant media charged information disclosure fees and roadshow promotion fee of 12.1 million.
Wang Jiasheng is the sponsor representative responsible for the music Watch IPO, media reports show that from 2009 to 2011, Wang Jiasheng as a sponsor representative for two years in charge of 5 single IPO, underwriting a total of 700 million yuan, received a total of 213 million yuan sponsored income. With the title of 'Gold Paul on behalf of' title.
Ping An Securities, the gold medalist, enjoyed a great success in the investment bank market from 2009 to 2011. Xue Rongnian, then general manager of Ping An Securities and head of investment banking, was regarded as a "legend" in the industry.
From the performance point of view, before and after 2006, Ping An Securities, the number of underwriters only a handful of years, in 2007, the annual underwriters rose to 23, to 2011, Ping An Securities to the number of underwriters in the 34 securities industry first brokerage industry ; The lead underwriting amounted to 29.795 billion yuan, ranking second in the industry, second only to CITIC Securities 32.343 billion yuan.
However, under the leadership of Xue Rongnian, the underwriting team was questioned by radical and wind control issues, and Wan Fook Health and Haixian Finance were all sponsoring items during the period of his retirement. At the end of 2011, Xue Rongnian ' The
Lawyers say
'Fake if sit real, may delisting'
Beijing, a securities lawyer said: 'Now can not determine the impact, if the Commission finds that music major violations, then music will face delisting.'
The Commission issued in 2014, "on the reform and improve the strict implementation of the listed company delisting system, a number of opinions" in a clear and significant violations of the company's mandatory delisting system, the implementation of the suspension of the implementation of the company listed on the suspension. The first shares of 'Xin Tai Electric', due to IPO financial fraud, the Commission punished delisting.
The lawyer said that if the music network due to punishment delisting, in the SFC that the sponsor, the agency needs to take responsibility, then the investor can apply to the agency claims, in the case of Xintai Electric, Industrial Securities (7.740 , -0.09, -1.15%) prior to the payment, and the establishment of investor compensation fund.