Listed firms investigated for fund misappropriation

时间：2007-01-08 06:05:38

（单词翻译:单击）

Jan.8 - The China Securities Regulatory Commission (CSRC) have started investigation1 into the fund misappropriation issues of 17 listed companies.

 

The 17 companies have failed to recover the 9.2 billion yuan (about 1.15 billion U.S. dollars) of debt by their controlling shareholders2 before the deadline, the end of 2006, a spokesman of the CSRC said here on Sunday.

 

The companies include Sanjiu Medical & Pharmaceutical3 Co., China Textile Machinery4 Co. and Hebei Baoshuo Co..

 

Those who misappropriated funds in these companies will be prosecuted5 under the law, according to the spokesman.

 

Thirty six companies failed to meet the deadline, involving a total of 14.6 billion yuan of misappropriated funds. However, the other 19 companies have come out with a plan to recover the money, escaping the investigation.

 

The CSRC issued an ultimatum6 to listed companies in October 2005, requiring them to recover misappropriated funds by the end of 2006.

 

Last year, 402 companies listed on the Shanghai and Shenzhen bourses recovered 33.57 billion yuan misappropriated by their controlling shareholders.

 

The recover campaign was aimed to improve the quality of the country's 1,400 listed companies and safeguard the interests of shareholders.

 

The misappropriation of large sums by controlling shareholders has been a major problem afflicting7 China's burgeoning8 stock markets.

 
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1 investigation MRKzq     
n.调查，调查研究
参考例句：
  • In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
  • He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。
2 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
3 pharmaceutical f30zR     
adj.药学的，药物的；药用的，药剂师的
参考例句：
  • She has donated money to establish a pharmaceutical laboratory.她捐款成立了一个药剂实验室。
  • We are engaged in a legal tussle with a large pharmaceutical company.我们正同一家大制药公司闹法律纠纷。
4 machinery CAdxb     
n.(总称)机械，机器；机构
参考例句：
  • Has the machinery been put up ready for the broadcast?广播器材安装完毕了吗？
  • Machinery ought to be well maintained all the time.机器应该随时注意维护。
5 prosecuted Wk5zqY     
a.被起诉的
参考例句：
  • The editors are being prosecuted for obscenity. 编辑因刊载污秽文字而被起诉。
  • The company was prosecuted for breaching the Health and Safety Act. 这家公司被控违反《卫生安全条例》。
6 ultimatum qKqz7     
n.最后通牒
参考例句：
  • This time the proposal was couched as an ultimatum.这一次该提议是以最后通牒的形式提出来的。
  • The cabinet met today to discuss how to respond to the ultimatum.内阁今天开会商量如何应对这道最后通牒。
7 afflicting ozfzfp     
痛苦的
参考例句：
  • Violent crime is only one of the maladies afflicting modern society. 暴力犯罪仅仅是困扰现代社会的严重问题之一。
  • Violent crime is only one of the maladies afflicting modern society. 暴力犯罪仅仅是危害社会的弊病之一。
8 burgeoning f8b25401f10e765adc759ee165d5c1c5     
adj.迅速成长的，迅速发展的v.发芽，抽枝( burgeon的现在分词 )；迅速发展；发（芽），抽（枝）
参考例句：
  • Our company's business is burgeoning now. 我们公司的业务现在发展很迅速。 来自《简明英汉词典》
  • These efforts were insufficient to contain the burgeoning crisis. 这些努力不足以抑制迅速扩散的危机。 来自辞典例句

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