On the evening of July 5, the latest notice issued by Foshan Lighting, the company received two administrative regulatory measures issued by the Securities Regulatory Commission Guangdong Bureau decision "shall be ordered to conceal years of related party transactions involving 2009 -2011three-year annual report.
One of the written decision, Foshan Lighting Annual Report 2009, 2010 and Annual Report, the 2011 mid-year report and annual report did not disclose the relationship with Foshan Shi Nuoqi California Electric Co., Ltd., Foshan City, Silang Bo Enterprise Co., Ltd., related party transactions; not disclosed in the above-mentioned periodic reports (HK) Technology development Co., Ltd. Qinghai sky rare element relationship; not truthfully disclosed jointly funded the establishment of related party transactions of the Qinghai Buddha according lithium energy development Co., Ltd. and the Hong Kong SkyCity.
The other a written decision that Foshan Lighting, chairman of the clock letter was not timely report Foshan Shi Nuoqi California Electric Co., Ltd. Foshan City Silang Bo Enterprises Co., Ltd., Foshan Electrical and Lighting Co., Ltd. Board of Directors, the power of Qinghai New Energy Material Co., Ltd. , the correlation between (Hong Kong) Qinghai sky rare element Science and Technology Development Co., Ltd. and three other companies and Foshan Lighting.
In this regard, the Guangdong Authority decided to take administrative control measures ordered to correct the Foshan Lighting. Order the company to be rectification, the receipt of the written decision from the date of 10 days in the China Securities Regulatory Commission specifies the disclosure of information media, added to disclose the relationship with Shi Nuoqi, Silang Bo, Hong Kong, the sky and nearly three years of related party transactions, and the corrected 2011 annual report.http://www.tungsten-molybdenum-sapphire.com/chinese/
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