subject: Frbiz.com Reports Societe Generale Response * St Sanlian Small Shareholder Report This Is A Maliciou [print this page] On November 24, xingye bank authorized to jinan branch from written materials, CBN clarification recently * ST sanlian part said attorney to its shareholders through mass media releases, false facts, irresponsible.
In this month, * ST sanlian small shareholder petitioned China banking regulatory commission (CBRC), societe generale, jinan branch and cheat in the subprime lenders, illegal, infringe upon the interests of the shareholders, * * * * ST sanlian and drag it out to the edge of city, the CBRC probe.
But socgen on CBN, said it has not any investigation by the CBRC.
24, * ST sanlian part of shareholders ZhangYuCheng attorney said, if the CBRC not CBN, then go to survey of justice.
On the same day, CBN reporters from * ST ops sanlian s.e. gontarski, dong is still in this company with societe generale, consultation, through the appropriate solution to loan.
The bank lend "conspiracy"?
24 and the contact, ZhangYuCheng sent reporters CBN has three copies, one is the material * * * * ST sanlian part of the China banking regulatory commission (CBRC) boasting shareholders JianJuXin.
In the letter, said in December 2006, the big shareholders press * ST f. f. appliance group Co., LTD. (the distribution center with the listed company), without property subordinate relationship XiangXingYe bank loans, jinan branch 40 million yuan will be a real estate guaranty to the bank, will also four amounted to 40 million of the listed company invested by sanlian (* ST sanlian predecessor) open the draft, a commercial bank is tasted for bill pledge.
To loans due June 2007, on time delivery, but not its interest payments of housing and mortgage several other commercial dispute that eventually by socgen request, jinan then on August 27 will * ST sanlian part settlement account and property seizure, until delimit * ST sanlian 41 million yuan RMB, the capital account just won thaw.
The report that the shareholders, four bills are all sanlian group leader of the listed company with its control, without any actual transaction in the premise of counterfeit credit draft. XuKai cheat This leads to * * ST sanlian faces three consecutive losses are delisting de-list the danger, the interests of the shareholders will be so small.
Small shareholders calls for attention and the CBRC, societe generale, jinan branch of irregularities investigate and, in order to avoid * * ST decision ruined. Sanlian so
ZhangYuCheng also said, because of the invested joint issued by commercial draft not real deal, societe generale to press on with confirmation prior inquires Co., illegal lending even with sanlian distribution malicious impairing interests of listed company in the great suspicion.
Legal compliance socgen: loans
24 socgen authorized in writing from jinan to clarify CBN branch declare: "say socgen suspected violations, the subprime lenders to cheat vicious collaboration impairing interests of listed company, this is a serious violation of the malicious slander, socgen's reputation.
A clear statement said that societe generale, the bill pledge business legal compliance, Second, societe generale, jinan branch and triple 40 million debt disputes have court ruling, the facts clearly.
Societe generale, jinan, think of this branch of business in strict accordance with the relevant state laws and regulations and the relevant provisions of the xingye bank shall fulfill the duties of the due diligence, audit, related to the serious audits, and has signed the necessary documents, underwriting, complete formalities, business process.
The bank in jinan, shandong ShengGaoYuan then and the trial process, the parties to the contract, invested joint pledge pledged commercial draft has carried on the court, to borrow cross-examination and pledge formalities, and have objections to court record. Don't exist reports and ZhangYuCheng said the bank "suspected illegal lending" and "in connection with joint distribution malicious impairing interests of listed company in the illegal behavior".
In addition, in the business with relevant formalities, f. f. invested to jinan appliance branch has invested by accredit a power of attorney authorized appliance branch, issued to the joint distribution business draft, not ZhangYuCheng reports and said, "with societe generale to cheat the credit behavior".
ShengGaoYuan shandong socgen thinks, the case has made a final judgment, civil judgment XiangXingYe Banks invested joint pledge bills for jinan branch under the draft. But after that adjudicates become effective, sanlian fails to perform effective sentence Co., societe generale, jinan branch to jinan then law enforcement, jinan then apply to triple its jinan appliance branch invested bank account to freeze and deduct from individual deposits is executed judgment.
"If the justified and lawful act questioned, units and individuals concerned by judicial procedures can be solved. The bank said.
We still have negotiations
In fact, so far, not so socgen aspects involved in the case of the loan by the CBRC. Although each objection, but socgen and * * ST sanlian still has room for manoeuvre. Consultation
Socgen jinan branch concerned personage, said it has been involved in promoting the auction house sold or attitude bright.
Instead of CBN s.e. gontarski 24, said the 41 million delimit in court, the company is still in negotiations with societe generale aspects of the company, a suitable proposal, avoid greater risk.
The company does not, s.e. gontarski said in small shareholders, but the internal proclaiming CBRC did not check press group and press the draft related transactions appliance distribution. This advance to the borrower sanlian if not for sale and distribution of the mortgaged property, the execution of innocent sanlian Co., this property is not fair to triple invested.
She also thinks, * ST three LianTui city, but does not depend on the case to the provisions of the company law depends on whether the three losses, but the case for this condition of certain influence company performance.
