Another person fell from Jilin!

On December 21, Shi Guoxin, former deputy general manager of China Jilin Forest Industry Group Co., Ltd. and former chairman of Jilin Provincial Tourism Investment Group Co., Ltd., was investigated.He is already the third executive of Jilin Forest Industry Group to be sacked since last year.

The three senior executives have worked together for 7 years. Shi Guoxin, born in July 1954, is 64 years old this year. He worked in the forestry system in his early years. He once served as the director of Quanyang Forestry Bureau and Hongshi Forestry Bureau.

After leaving the Forestry Bureau, he went to work in the Jilin Forest Industry Group Corporation. Zheng Zhijun noticed that from July 2002 to August 2014, Shi Guoxin worked in the Jilin Forest Industry System for 12 years.

China Jilin Forestry Industry Group Co., Ltd. is the first large-scale state-owned holding forestry enterprise in my country, one of the four major forestry groups in China, and an important national commodity timber production base.Has a total operating assets of 4 billion.

However, since last year, the senior management of Jilin Forest Industry Group Co., Ltd. has been sacked one after another.In July 2017, Bai Guangxin, the former chairman who retired for one year, was sacked. In April this year, Li Jianwei, the former general manager of the company, was sacked. In December this year, Shi Guoxin, the former deputy general manager of the company, was sacked.

Coincidentally, the trio worked together for 7 years.The group's non-net profit has been negative for 4 consecutive years

One detail is that both Bai Guangxin and Li Jianwei mentioned embezzlement in their double-open circulars. The former used the convenience of his position to embezzle state-owned assets with others; the latter used the convenience of his position to illegally embezzle public property alone or with others.

For comparison.On August 22 this year, Jilin Forest Industry released the 2018 semi-annual report:

In the first half of 2018, Jilin Forest Industry achieved operating income of 655.0828 million yuan, an increase of 84.75% over the previous year, and realized a net profit of 26.7989 million yuan attributable to shareholders of listed companies, a loss of 11.25 million yuan in the same period last year.After deduction of non-profits, Jilin Forest Industry’s performance is still negative. According to statistics, its non-net profit deduction from 2014 to 2017 has been negative for 4 consecutive years.

Just before Shi Guoxin's fall, from December 13th to 14th, Jilin Forest Industry Group Disciplinary Committee organized more than 100 party members and cadres above the middle level to visit the provincial warning education exhibition. One case in the exhibition hall was Bai Guangxin.

An accident occurred after more than 4 years of retirement

It is worth mentioning that during this period of time, many people in Jilin have been defeated:

On November 9, Zhang Enbo, former member of the party group and vice chairman of the Jilin CPPCC, was sacked

On November 13, Wu Changzhi, a member of the party group and deputy chief prosecutor of the Jilin Provincial People's Procuratorate, was sacked

On November 16, Liu Wei, former director of the Traffic Management Bureau of the Jilin Provincial Public Security Department (former head of the Traffic Police Corps of the Jilin Provincial Public Security Department) was sacked

On December 3, Cui Zhenji, Secretary and Chairman of the Jilin CPPCC Party Group, was sacked

On December 10, Gao Fubo, former Secretary of the Party Committee and Chairman of Jilin Provincial Trust Co., Ltd. was sacked

On December 14, Wang Anhua, member of the party committee and vice president of Bank of Jilin, was sacked

On December 21, Shi Guoxin, the former deputy general manager of China Jilin Forest Industry Group Co., Ltd. was sacked

When Shi Guoxin was investigated this time, he had retired for more than 4 years. Of course, he was not the first official in Jilin to be investigated after retirement. For example, Gao Fubo of Jilin Trust resigned in October 2015.Liu Wei, the former director of the bureau, retired in June 2014, and Zhang Enbo, the former vice-chairman of the Jilin CPPCC, also retired a year ago.

There is frequent communication with the information insider Bai Guangxin

Like Jilin Forest Industry, Jilin Trust also lost many executives.Zheng Zhijun noticed that Gao Fubo was the third leader to be investigated after the former chairman of Jilin Trust Zhang Xingbo and Li Wei were sacked.

Jilin Trust is also involved in Jilin Forest Industry insider trading.

In December 2017, due to illegal activities such as insider trading and undisclosed over-proportion shareholding, Jilin Trust was confiscated by the China Securities Regulatory Commission with 43.73 million illegal income and fined 43.73 million yuan. Gao Fubo, then chairman of Jilin Trust, was warned and fined200,000 fine.

In January this year, the China Securities Regulatory Commission notified the case.

The investigation results show that in 2015, Gao Fubo, then chairman of Jilin Trust, was involved in the sensitive period of insider information in the transaction of Jilin Forest Industry Co., Ltd.’s investment and shareholding in the wood-based panel group of China Jilin Forest Industry Group Co., Ltd. with its wood-based panel business, etc.Inside, there is frequent communication with the information insider Bai Guangxin.

On April 1, 2015, the State Forestry Administration began to ban the logging of natural forests. Jilin Forest Industry's wood-based panel business is facing a situation of depletion of raw materials. In this regard, Forest Industry Group and Jilin Forest Industry intend to transfer forestry-related businesses from Jilin Forest Industry..

From June to July 2015, the plan for the integration and reorganization of the wood-based panel industry was revised and improved.On July 31, Jilin Forest Industry's wood-based panel business has been incorporated into the wood-based panel group for management.

On August 10, 2015, Jilin Forest Industry was suspended due to major events.On August 24, Jilin Forest Industry announced the major asset reorganization, and on December 7, it announced that the board of directors reviewed and approved the major asset reorganization plan.

The China Securities Regulatory Commission believes that Jilin Forestry's investment and shareholding in wood-based panel group of Forestry Group through its wood-based panel business is insider information stipulated by the Securities Law.The inside information was formed no later than the end of June 2015 and made public on December 7, 2015.During the period, Bai Guangxin served as the chairman of Jilin Forest Industry and Forest Industry Group, and was fully responsible for the integration of the wood-based panel business, and he was an insider of inside information.

Jilin Trust controlled and used the securities accounts of Jilin Province Jiusheng Investment Information Consulting Co., Ltd. and Changchun Hengxin Investment Center to buy 22.2308 million shares of Jilin Forest Industry, with a turnover of 279 million yuan; sold all of Jilin Forest Industry after the inside information was disclosed, and the transactionThe profit was 43.7332 million yuan.

In addition, when the account involved in the case bought 5% of the issued shares of Jilin Forest Industry, Jilin Trust did not stop buying before fulfilling the obligation of reporting and announcement, but bought 3.256 million shares in excess of the proportion, with a transaction value of about 41.025 million yuan.

In October of the same year, Gao Fubo resigned.

Information|Central Commission for Discipline Inspection and National Supervisory Commission Website Securities Times Securities Daily China Jilin Forest Industry Group