No qualification was hiding Rare Earth exploration not reported, allegedly sent a letter Phi hidden and not misleading

Jincheng shares ( 000,820 ) Zhuzu Guo had actual control of listed companies in 2012 promised to inject quality assets , which focuses on rare earths and gold assets mentioned . However , on January 17 this year , the company suddenly announced facto controller of rare earth exploration assets has been completely stopped. Some investors said, since last May , the company Rare Earth exploration work has been a problem , but Jincheng shares was concealed and unreported matter.

Rare Earth exploration rights "disappear "

October 17, 2012 , Jincheng shares disclosed restructuring plan referred to in Article V , paragraph 6 of the restructuring side Zhu Zuguo Hengxin mining prospecting reserves promise: "Equity Hengxin mining companies listed company gifts , it has exploration rights in the November 30, 2012 proven gold reserves of not less than 25 tons of rare earth reserves detailed investigation report is not less than 20,000 tons . "

However, these commitments unspecified "out of the reserve report November 30, 2012 " commitment , but so far not materialized.

Market even more surprisingly, the January 17, 2014 , Jincheng Mining shares suddenly announced Hengxin exploration work has stopped RE : " Since May 2013 , the government department has issued a " rare earth mining and construction projects regarding the development of rare earth resources recycling comprehensive investigation notice " ," on the fight against organized rare earth mining , production and circulation of illegal violations of the special action letter " regulation of rare earth industry increasingly tighter ; Hengxin two mines are situated in the mining area is now not included national unity planning area, does not have the rare earth prospecting and exploration work required to stop its relevant . "

Mining is not limited to the timely announcement

" Originally, we consider these small shareholders is not less than 20,000 tons of rare earth reserves in question , but now rare earth exploration has completely stopped .

 Zhu Zuguo not sure when they have promised to do exploration qualifications, would dare do promise ? " Liaoning investors to question .

For suffered actual control of the market in question commitment problem , Lu Li Jincheng shares secretaries to accept the " Popular Securities News " interview , said: "At that time ( 2012 ) National policies have not adjusted , then re-side to make this commitment , the Hengxin whether they have rare earth mining exploration rights , I am not very clear. But promised to re-side time is such that , as promised , we think he has the qualifications. "

Questionable , from the beginning of May last year , the rare earth mining exploration has been limited Hengxin why until January of this year , the company did not disclose only the rare earth exploration qualify ?

"We know that this year in January (the above policy ) . " Lu Li did not do much to explain this issue .

Phi implicit rather than send a letter allegedly misleading

So, I really do not know Jincheng shares management of some rare-earth policy in May 2013 after the change ?

In fact , as early as July 2013 , a small shareholder interactive questions at the Shenzhen Stock Exchange on the trading platform : " Jincheng shares are national protected rare minerals, rare earth ore mining Hengxin ask whether the State approval for mining warrant ? " in this regard, Jincheng shares reply , said the national policy on rare earth mining is more stringent , whether and when to apply for approval from the relevant mining rights exist uncertainties .

The face of these contradictions , Lu Li argued : "We interact easily inside said policy strictly , did not say this thing ( RE survey ) can not do . We believe that the policies and notices and letters sent in May 2013 is different . "

But Jincheng shares of minority shareholders can not accept this explanation. " Gold and Rare Earth exploration and mining conditions Hengxin for important information , the right to know our shareholders . Until January 16, 2014 , we have always thought Hengxin mining rare earth exploration rights are being handled reserves report immediately to apply for mining rights. Jincheng shares of rare earth exploration rights issue concealed and unreported , is seriously misleading investors . We ask the Commission to thoroughly investigate the matter and give the investors a reasonable argument. "These investors said so.


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