Fujian Shoe Enterprises Cable Force Chairman Appeared To Deny That The Book Escaped.

In Fujian, a German listed shoe company, Suo Li, was previously reported to have lost contact with its executives and was suspected to have absconded with money.

Chairman Wu Qingyong and his two sons

Wu Mingjun, deputy general manager, appeared in Jinjiang, Quanzhou, Fujian province this afternoon. The lost contact was rumor, explaining that she came to Hong Kong on Thursday (18) and went to Philippines to see a doctor.

He also pointed out that the incident caused great losses to the company and its reputation and will retain the right to prosecute.

In the light of

Most of the cash in the mainland and Hongkong has been pferred beyond the scope of the company's influence, and his son and chief operating officer, Wu Minghong, have absconded with the money. He also refers to a rumor which emphasizes the normal financial situation of the company.

A few days ago news link: Fujian shoe enterprise cable force chairman appeared to deny that the book escaped.

In Germany, Fujian shoe company Suo Li was previously seen as having lost contact with its executives and was suspected to have absconded with money.

Wu Qingyong, chairman of the board of directors and Wu Mingjun, vice president of his two son, appeared in Jinjiang, Quanzhou, Fujian province this afternoon. To sina finance, she lost contact with a rumor. She explained that she came to Hong Kong on Thursday (18) and went to Philippines to see a doctor.

He also pointed out that the incident caused great losses to the company and its reputation and will retain the right to prosecute.

Most of the cash in the mainland and Hongkong has been pferred beyond the scope of the company's influence, and his son and chief operating officer, Wu Minghong, have absconded with the money. He also refers to a rumor which emphasizes the normal financial situation of the company.

Shoemaking of shoes

Fujian listed companies are adding more.

In a statement issued on the official website on Tuesday (September 16th) in Frankfurt, Germany, the cable company Ultrasonic announced that chief executive Wu Qingyong and chief operating officer Wu Minghong had lost contact with the company, and most of their cash in the mainland and Hongkong was also pferred.

The price of cable shoes fell 75% on the same day.

After investigation by Ta Kung Pao reporter, the company is not known locally in Quanzhou, Fujian. The reason behind the boss's running behind or the loss of industrial investment has led to the breakup of the capital chain.

Ta Kung Pao correspondent Jiang Huangji

Chi Kwong Clifford Chan, chief financial officer of Suo Li shoes industry, said in a statement that at present, the company accounts for about six digit assets and has enough funds to complete its normal repayment obligations.

The company is negotiating with the local government and business partners. Once the latest and reliable information is available, it will be disclosed immediately.

But the statement did not reveal how much money had been swept away.

Just got nearly 400 million loans.

According to public information, the cable shoe company was founded in 2011 in Cologne, Germany, and was listed on the Frankfurt stock exchange in December 9th of the same year.

The company's pre tax profit in 2012 amounted to 41 million 800 thousand euros (equivalent to 333 million yuan), with a total revenue of 149 million euros, growing at 30% per year for three consecutive years.

In August, Suo Li has just obtained $60 million (about RMB 369 million yuan) credit support company expansion from Nomura International (Hongkong) Limited.

In September 12th this year, the cable industry announced that chief operating officer Wu Minghong had to leave for 6 months due to health problems.

During the leave period, CEO Wu Qingyong and two other senior executives are responsible for the related business.

In addition, the chief financial officer, Chi Kwong Clifford Chan, will stop in September 30th.

Ta Kung Pao reporters yesterday on Wu Qingyong and Wu Minghong fled the incident investigation found that the Quanzhou government, banks, footwear industry counterparts, this is an accident.

Ms. Huang, a local senior colleague in Quanzhou, has revealed to reporters that Suo Li has little influence in the local industry.

"Only 1400 employees, the total construction area of 30 thousand square meters, such a large scale enterprise in the mainland, is the largest A share listed SMEs."

MS Wong also said that few enterprises in Quanzhou were listed in Germany. Because Germany's financial policy is relatively rigorous, it can certainly be listed in Germany, but even few people know about this company.

Or involve private lending.

Ms. Huang analyzed that, unlike the previous incident, the company's bottom is not very rich, and the industry and products are single, even if it is listed, it is difficult to support the development of enterprises.

"It is estimated that it is planned to open shell companies outside an unknown location and pfer funds from offshore accounts."

Other bankers believe that many local private enterprises have begun to invest in real estate and other industries after they become bigger.

The odd event has triggered a credit crisis in Fujian province.

Because of the sudden incident, there is no further information about what cable force has involved, but it is almost certainly related to private lending.

Suo Li footwear industry shows that the company has more than ten years of market experience, the urban middle class as the main target group, and for Anta, XTEP and other brands of long-term suppliers.

Xiao Lihua, vice president of XTEP, responded that he was only a supplier long ago and had no cooperation in recent years.

Today, the situation of the other side is not known, and no evaluation is allowed.

There are also points of view that if Suo Li does maintain supply relations with Anta and XTEP for a long time, "there will be no breakage of capital chain, and Anta and XTEP will help cable to go through the past, and it is impossible to see them running."

There are many associated companies.

According to a local survey released recently by Quanzhou's banking institutions that has seen large scale credit risks, cable force has exposed credit risks in July this year, including associated enterprises including Suo Li (China) Limited, Suo Li Industrial Co., Ltd., Fujian provincial Chun Hui sporting goods and Sheng Hui (Fujian) shoes.

A person from a commercial bank in Fujian analyzed this reporter. In fact, these companies are all the same boss.

"Many companies are basically registered with multiple names to operate, and the biggest uses are tax avoidance and UNPROFOR loans, which are not external."