Zhang Yuanzhong publicized on the other day indicated that, the Beijing card supervised a bureau department person in charge already the oral notification he, has accepted the administrative sanctions application which he acted submits, and accepted the investigation sign of the dragon real estate contrary behavior officially. All because

all king.On November 20, 2009, the sign of the dragon real estate subsidiary company sign of the dragon development seizes the king Shunyi India 22 places by 5,050,000,000 Yuan, but because has not fully paid the land fees from sales, this January 25 Beijing Liability of fault announced cancels the sign of the dragon development to take the qualifications.

afterwards the sign of the dragon real estate announced establishes other whole family company, and expressed positively will raise the fund in the near future, the paying cost. But

this February 1, Beijing Liability of fault cancels the sign of the dragon development to compete the qualifications to the India 22 places, simultaneously competes to its 200,000,000 Yuan buys the earnest money not to give returns.

Zhang Yuanzhong believed that, the company in takes raises funds afterwards, situations and so on contract fulfillment progress has not disclosed the duty, not only after takes the qualifications to cancel has not carried on the risk prompt to the investor, instead called is cancelled takes the qualifications to affect not not in a big way to the company.On January 28 issued 10 make a gift of what one has received as a gift 10 share formula document, on objective has further misled the investor, many people continue to buy up.But after 7 days, the sign of the dragon real estate is unable to pay the land fees from sales the fact to reveal the truth, the stock price from 20 multi-dimensional large diving to 14 Yuan, the investor loses seriously.

Zhang Yuanzhong tells reporter, at present had more than 60 investors to sue the sign of the dragon real estate, the request sign of the dragon real estate compensation loses more than ten million Yuan.He believed that, according to the law of corporation stipulation, the investor may request the company higher management, for 200,000,000 Yuan which confiscates the loss which creates to the company is undertaken the legal liability; Because also is authorized the sign of the dragon real estate information to disclose the contrary request sign of the dragon real estate company and Gao Guan pays indemnity for own damage. However

, the sign of the dragon real estate indicated that, up to March 12, 2010, the company has not received the Chinese Securities Supervisory Association Beijing card to supervise the bureau to put on record the investigation notice.

regarding this, Zhang Yuanzhong indicated that,“This middle has a time difference; Moreover the sign of the dragon real estate has not received the notice, did not mean the supervising and managing department has not investigated.”

yesterday, reporter sent a telegram in light of this sign of the dragon real estate Dong Miban, but in one day nobody response.

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