Sunday, August 5, 2012

Wuliangye's tax evasion is denied

Wuliangye's tax evasion is denied
Investigated the incident is exposed, Wuliangye ( 000858) by the SFC External world that face query roar run high day by day, company this can hold media, prove yesterday afternoon, make explanations in investigating for the first time. However, Wuliangye's Chairman Tang Qiao says at the scene clearly: "Some reasons are investigated on earth, I do not know either. "
Qiao, secret complement and public relation the intersection of minister and Tang Bo of superior grade 4 people intelligently Peng Dong Tang, Chairman of Wuliangye, that can participate in, prove.
At noon on September 9, released the announcement to claim, were suspected of being involved in violating the securities laws and regulations suddenly for Wuliangye, the SFC is placing the investigation on file to the company. Hereafter, Wuliangye kept silent, the reason why the external world investigated to Wuliangye's experience has been that opinions vary all the time. Among them the major view thinks, Wuliangye suspected of being involved in carry on inside trade, evade huge tax and and have a abnormal one to be huge to concerned with transaction for a long time among the big shareholder through affiliate. Even it is reported, the investigation group of the SFC has already garrisoned in the company.
As to this, Tang Qiao tells reporters: "I have seen the persons of a SFC, never saw later. " The investigation progress and investigating the cause of the SFC has not been revealed to Wuliangye yet. But Wuliangye high tube to relevant to query to respond still. Particularly, suspected of being involved in, pay little consumption tax, not timid to increase profits a matter as to Wuliangye, Wuliangye shows, Wuliangye was submitted to 15,800 million tax together from 1998 to 2008, there is not any relation to check and evade taxes this time.
And the violation that spreads to the market trusts the financing to cause huge loss matter, Tang Qiao says, " Wuliangye joint-stock company has not taken one fen to entrust and manage money matters. " He says, any leading group member is not suspected of being involved in in Wuliangye into it, the listed company has no fund to enter the Asian securities and speculate in shares. And condemn the related trade question for a long time to the market, Tang Qiao says, any listed company has related trade, that and Wuliangye is related for trade problem in "July 1 this year before solve totally basically, two years ahead of more time than the time limit of the requirement of supervision department " .
In addition, until September 11 buy in from secondary market, arouse the attention from on-the-spot reporters by 20,000 items by Wuliangye Qiao Tang. As to this, Tang Qiao says, he is not a company shareholder yet before this, this measure is to buy company's stock with the personal identity, it is a substantive act of having an optimistic view of company's development prospect for a long time, respond with one's own action positive to one of secondary market and investors too. At present, the intersection of company and a high to in charge of holding number at most one former spring such as kingdom such as Chairman, hold 136,100 shares.
The one future to Wuliangye was developed, Tang Qiao announced Wuliangye group is a perspective long-term plan which realizes goal of hundred billion output value in the future. Tang Qiao points out, Wuliangye group should take wine industry as the main business in the future, in realizing the output value of hundred billion goals, the proportion of industry that the wine industry creates with group's other pluralistic industries is 1: 1.5. Meanwhile, Wuliangye say company high tube implement yearly salary system, annual pay and share out bonus with the market value of stock of Company relevantly.
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