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The financial "black hole" bear responsibility?Widely known than that in 2007, China Iron and Steel Company has worked with private enterprises in Shanxi Zhongyu start huge amount of money exchanges, and ultimately the formation of financial "black hole."That time,barbour france, the Shanxi Zhongyu and trade in steel, handling is happy when he  Steel Lanzhou Branch Manager. Initially, the steel Lanzhou Branch by Shanxi Jun Yuan Industrial Company and Shanxi Zhongyu expand business cooperation, the year in May, the three parties signed a strategic cooperation agreement is valid for five years. Under the agreement, CSC will underwriting Shanxi Zhongyu five steel products through its steel steel, including Shanxi Zhongyu expand production after production. Since then, the Iron and Steel Xi'an Branch to undertake the original steel Lanzhou Branch of business.Iron and Steel Company in accordance with the original vision.
Shanxi Zhongyu monthly output of 200,000 tons, in accordance with the price of steel was 5000 yuan / ton, the monthly sales of about 1 billion yuan,hollister soldes, two months ahead of the Iron and Steel prepaid amount approximately 2 billion yuan, in order to ensure the normal operation of Shanxi Zhongyu.But this approach ultimately advance funds to bring a high financial risk for the Steel Group. According to media reports, China Steel and Shanxi Zhongyu of funds between the black hole, the first in October 2008 it was exposed, then, by way of advance payment charge, unheralded Shanxi Zhongyu Steel continues to occupy the funds, the cumulative amount of more than 60 billion, of which about 2.6 billion yuan into the "Yu Steel arrears on." To 2010, although the steel by receiving Shanxi Zhongyu want to turn the tide,louboutin soldes, but it did not, at that time in the fall of steel in the buildings up to nearly 4 billion yuan of funds.Outsiders believe that this music is the SAC survey  probably because at that time regarding the Shanxi Zhongyu embezzlement of funds,barbour, as when he was general manager of the Iron Steel,  music directly responsible. "It was just dismissed without being held liable, the SASAC for his re-investigation." There steel case to the media, said the former executives.However,outlet hogan, in accordance with the terms of Sinosteel reply to the reporter, for  other aspects of music, yet to the findings of the SAC.Steel reformStatistics show that China Steel Steel Steel Group for two subsidiaries,christian louboutin ankle boots, the company is specialized in steel designated operational steel billet domestic and international trade and deep processing of steel products. Currently the company's divided into three sections.
"Why start this reform trade links start with,air max homme, but also because we are based on the way they operate is similar,barbour pas cher, through integration, the way trade is better integrated into the piece." he said.It is understood that the three companies are the core part of the supply chain Steel Group,veste barbour, the integration process, there are a few ideas, "according to Variety integration services can also be integrated in accordance with the target service, depending on the Business combing, not simply the physical merger. "Which said steel company,hogan outlet, is Xin Xi Yue Sinosteel previously worked in the unit. For  music was to investigate the effects triggered Steel aspect Group, said that this is the case, does not affect the group's post-reform.Li Jie, told this reporter may,Giuseppe Zanotti Pas Cher, in the course of business carding, in addition to trade, steel,felpe hollister, three affiliated companies charge other than in accordance with the common presence of trade logistics merger will also undertake engineering equipment, technology and new materials, futures brokerage, resource development Operational comb. "Like this business,abercrombie et fitch, we are in the alley, combing over.
namely the domestic trade sector, international trade sector and integrated business segments.Xin Xi Yue is the reason why the investigation has triggered concern,barbour france, but also due to Sinosteel recent "story" constantly. First, media exposure of loans overdue,hogan 2014, and then carried out in October the number one change,Giuseppe Zanotti Paris, the latest development is that the group is internal reforms, trying to take systemic change to cope with the current pace of change in the new situation.Sinosteel spokesman Li Ke Jie in a recent interview with this reporter, said Sinosteel reforms will be divided into five steps, the first step is to reshape the business segment,abercrombie, is one of the measures of its trade, steel,air jordan 4, Burden integration of the three companies.
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