What is your son's shareholding? Rectangular lighting suspected related party transactions

A company with a registered capital of only 100,000 yuan at the time of its establishment became the ninth largest customer of Changfang Lighting (300301, SZ) with a purchase amount of more than 8 million yuan in 2011.

The company is called Guangzhou Pina Optoelectronics Technology Co., Ltd. (hereinafter referred to as Pina Optoelectronics), and its responsible person claimed that the company is the largest lamp bead agent in China, and is also a supplier of rectangular lighting. However, in the prospectus issued by Changfang Lighting in early 2012 and the subsequent quarterly and annual reports, there is no more introduction about Pina Optoelectronics.

The "Daily Economic News" reporter survey found that the relationship between Pina Optoelectronics and the rectangular lighting may be extraordinary. Pina Optoelectronics staff told reporters that the company's shareholder Chen Hongjie is the son of the owner of Changfang Lighting. Chen Hongjie also told reporters that he is related to the owner of the long-distance lighting.

However, Changfang Lighting did not mention these relationships in previous announcements.

In addition, a shareholder of Changfang Lighting's sixth largest customer in 2009, Chaozhou Pengjin Torch Co., Ltd., denied the purchase of products from Changfang Lighting, but this statement was denied by Changfang Lighting. For the second year in a row, one of the top ten customers, Jieyang Canxin Trading Co., Ltd., its owner claimed to have worked for the long side lighting.

"Dried son" is rumored

The reporter noted that the long-party lighting prospectus shows that in 2011, the purchase amount of Pina Optoelectronics was 8.126 million yuan, accounting for 1.95% of the sales of Changfang Lighting, which was the ninth largest customer of the company.

At the beginning of July this year, the reporter found on the official website of the Guangzhou Municipal Administration of Industry and Commerce that the company was originally named Guangzhou Peina Electronic Trading Co., Ltd., which was established on June 12, 2006 with a registered capital of 100,000 yuan. Yuchang (10% share) and Chen Hongfeng (90% share). On June 23, 2006, the company's registered capital increased from 100,000 yuan to 1 million yuan.

In 2009, Feng Yuchang transferred 10% of the company's shares to Chen Hongjie at a price of 100,000 yuan. The legal representative was Chen Hong's outstanding appointment.

Changfang Lighting was established in 2005 and successfully landed on the GEM in early 2012. The main shareholders are Deng Zichang, Deng Ziquan, Deng Zihua and Deng Zixian. As of December 31, 2012, the four people together accounted for 64.87% of the company's total share capital. Among them, Deng Zichang was the chairman, general manager and legal representative of the company. Deng Ziquan, Deng Zihua and Deng Zixian were the deputy general managers of the company.

On the surface alone, it is difficult to connect several brothers of Deng to the shareholders of Pina Optoelectronics. On July 4 this year, the reporter came to the store of Pina Optoelectronics in Guzhen Town, Zhongshan City as a customer. The reporter asked if Pina Optoelectronics had cooperation with Changfang Lighting. One clerk said affirmatively "Yes" and said that the company is a long-distance lighting bead agent. "Our boss is the son of the long-term boss."

At the end of July, the reporter contacted Chen Hongjie in the name of purchasing. "The boss of the rectangular side is personally related to me. I am here to help him sell the lamp beads, and he helps me to process some things." He said, "I am not afraid to tell you, the plan of the T8 lamp for the rectangular lighting. Or I helped it." But he did not disclose how he had a kinship relationship with the owner of the lighting.

On August 7, the reporter once again came to the store of Zhongshan Optoelectronics in Zhongshan as a buyer. The clerk pointed to Chen Hongjie’s business card and said that Chen is the “dry son of the CEO of the Changfang Lighting”.

However, on August 13, when the reporter showed that the media identity interviewed Chen Hongjie again, his statement was completely opposite to the previous one. "My surname is Chen, his surname is Deng." Chen Hongjie said, "No (relative relationship)."

On August 20, the reporter asked Wu Qingqin, the director of the long-distance lighting, and Wu also denied. "I have never heard of it, and this person (Chen Hongjie) I don't know, I have never seen it. We have not heard of it. The chairman of the board has something to do with his son." An accounting practitioner said in an interview with the reporter of "Daily Economic News" that the relationship between the relatives and the parents generally also constitutes an association and should be disclosed in the announcement.

Big customers are suspicious

Among the big customers of the long-distance lighting, there are other notable companies.

As one of the company's top ten customers in 2009, Yang Bixin, one of the shareholders of Chaozhou Pengjin Torch Co., Ltd., told reporters that he did not purchase products from Changfang Lighting. Subsequently, the reporter called the person several times, hoping to further verify, but the phone was no longer answered.

Regarding the above statement, Wu Qinqin denied that all the clients announced by the company had contractual filings and emphasized that this customer is absolutely real.

In addition, Jieyang Canxin Trading Co., Ltd. (hereinafter referred to as “Chanxin Trading”), which was established on July 13, 2010 and has a registered capital of 5 million yuan, became a rectangular lighting with a purchase amount of 11.27 million yuan in the year of establishment. The fifth largest customer, in the second year, the company's purchases doubled to 28.51 million yuan, becoming the fourth largest customer, accounting for 6.83% of the sales of Changfang Lighting.

According to industry and commerce information, the owner of Canxin Trading is Li Junjie, and a local lighting business person told reporters that Li Junjie is a very good friend with the Tang Dynasty brothers of Changfang Lighting.

On August 13, the reporter contacted Li Junjie by telephone. He explained to reporters that he used to do business in Changfang Lighting. After establishing the company in 2010, he continued to expand the local market. And confirmed that the purchase amount in 2010 and 2011 reached more than 10 million yuan and more than 20 million yuan. However, its "original business in the long side of the lighting" has not been confirmed by the long side lighting.

Some customers of the rectangular lighting have doubts

Pina Optoelectronics: Changfang Lighting's ninth largest customer in 2011

Question: Employees call a shareholder "to dry the boss for the boss"

Response: The Rectangular Lighting Authority denied

Chaozhou Pengjin Torch Co., Ltd.: Changfang Lighting's sixth largest customer in 2009

Question: Shareholders said they have not purchased products from Changfang Lighting.

Response: The long-distance lighting director secret is absolutely true

Canxin Trade: Changfang Lighting's fifth largest customer in 2010 and the fourth largest customer in 2011

Question: The company owner once worked in the business of Changfang Lighting

( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )

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