Collapse of coal-bed gas causes a mystery group of senior Chinese owes huge debts

Voice of economic reports yesterday (22nd) at Fendi Replica the Hong Kong capital market in China, there was a phenomenon of listed company's share price plunge. it is worth noting is that the company dropped scores of focus media 60% or more, at 82%.　　This Fendi Replica field tragedy of protagonist, called China seam gas group. it is is located in in China Henan province of a coal mine company, main in Henan province engaged in sales and the production coal Fendi Replica business. company through its subsidiary company has Henan province dengfeng city five a coal mine of 90% beneficial interest, total area about 7.7 square kilometers. who also no thought, on so a Fendi Replica coal mine enterprise, in yesterday of Hong Kong market in the has fell has 82%, 3.3 billion Hong Kong dollars of market value suddenly blown apart. Although Hong Kong's capital market is still in Fendi Replica a vulnerable environment now, but a decrease of 80% also is a raspberry. company exception that is the case, of coalbed methane in China Group said in a statement, the company did not
Exception Fendi Replica transaction or acquisition needs of the public, for share prices have tumbled and turnover soaring, don't know. For this call China seam gas Group Board. but, China seam gas Group Board politely resolved has reporter of interview, just told, at this time company of business has full handed has its PR company, has what thing can found they. reporter call its PR company, PR company of Dr Miss told reporter a was shocked of message: China seam gas group Directors Council President Wang Ruiyun has announced resigned, and yesterday afternoon China seam gas shares sharply fell of causes,　　It is because the Chairman of the Board caused by Wang Ruiyun sold shares in the hands of. Miss Yang: actually is the case, companies today were made by the number 8 in the morning when the two announcements, the first is the Chairman Wang Ruiyun resigns, the resignation of non-executive directors and co-chair the two positions, the second and Rui Wang
Yesterday afternoon, when some of his stock was sold by securities companies, stock prices will fall.　　Reporter: is debt because why?　　Miss Yang: this announcement did not say above. For Wang Ruiyun selling company stock of causes, PR company of Dr Miss and no told we. but, Hong Kong local of media was dug to has many material: has media reported, as China seam gas group Directors Council President, Wang Ruiyun holds seam gas company 4.3 billion unit, accounted for company total equity of 60%. but, Wang Ruiyun has will 4.3 billion unit in the of 1.2 billion unit, mortgage to has Hong Kong Gold Lee Feng securities, took with money to business to has. but, Wang Ruiyun later due to business does not shun, led creditors press for payment of debt, forced,　　Wang Ruiyun only mortgage can be in the hands of Hong Kong jinli securities 1.2 billion units sold, to pay off his debts. However, this soon was denied by Hong Kong jinli securities. jinli securities Director of operations