tissue culture plant_ applications were not the reasons for issuing summary (06): Blue flame Seven Star Chinese shares hit

In addition, since the above reasons, the company's business-owned subsidiary located in seven and five branch offices, the management range is too great, there is a large and subsidiaries control risk.





Seven CRE


In addition, the reporting period, to be listed on the main and the controlling shareholder of financial relations between the less standardized. Controlling shareholders take up the main body to be as high as 20 listed hundreds of millions of money. There are former members of business exchanges, the company's dissenting views on the extraction of the security fee that is suspected of abuse of accounting estimates.






2. The pre-release to be listed on the main body of the coal reserves, output, and not the controlling shareholder of the proposed acquisition of coal assets, do not clearly belong to a thorough restructuring.
1. Although a hosted manner to allow major shareholders to be listed on the main coal consignment sales, but the audit and investors are still feel obliged to ask, why are not listed to be resolved before the main listing and the controlling shareholder of the issue of competition between the same industry, while the is to be resolved through the listing. In fact, the listing can not be fully resolved. Even if the listing successful acquisition, there are two controlling shareholders are still not a small coal output.

No one has been ended in late 2006, the assets-liability ratio of 61%, a current ratio of 0.53, quick ratio of 0.51. Total liabilities 26,445 million, of which 21,070 million in current liabilities. Company-owned land use right has been the whole holiday traditions and customs department for the loan collateral. In the members view the company's assets and liabilities structure, there are certain hidden structures, and the future status of land use right that there are some uncertainties.
3. Proposed listing of the main net assets of 2.3 billion, total assets of 6.8 billion, and then be available to raise 8.8 billion in cash to buy the majority shareholder assets. Haha, financing scale is too large, a major shareholder cash in too obvious a suspect.
Point source: the former Fashen Wei members on
As a coal production enterprise, not a thorough restructuring of the company are mainly embodied in: the controlling shareholder still retains a large number of coal production business, and the size is greater than the principal intended to be listed. In addition, the company had raised a large number of investment projects is to raise money to acquire the controlling shareholder on hand

one of the largest coal mine, which led to the following doubts:

Point Source: SFC officials are speaking
holiday traditions and customs of the company's business following the suspension on the controlling shareholder group, while the Group's principal assets from state-run seventh ○ ○ factory, state-run seventh ○ Sixth Factory, state-run seventh ○ seven plants, state-run Diqiyiba plant, State Diqijiuqi factory, state-run Diqijiuba factory, the product segments involved in too many sub-sectors are not prominent position.