The Shaanxi Provincial Development and Reform Commission recently issued a notification of Xi'an Ziguang Guoxin Semiconductor Co., Ltd.'s overseas investment projects that did not perform the filing procedures.In 2019, a total of $ 7.75 million (about S $ 10.45 million) was invested for the construction of the Huaxin project in Hong Kong.
According to the report on Thursday (August 10), the Shaanxi Development and Reform Commission reported that Xi'an Ziguang Guoxin is an integrated circuit design enterprise in the province.business.In December 2015, Xi'an Huaxin Semiconductor Co., Ltd. was renamed Xi'an Ziguang Guoxin. In August 2013, Xi'an Huaxin Semiconductor Co., Ltd. established Huaxin Advanced Integrated Circuit Technology Co., Ltd. (hereinafter referred to as "Hong Kong Huaxin") in Hong Kong.In January 2016, October 2018 and September 2019, Xi'an Ziguang Guoxin invested three times to Hong Kong Huaxin for the construction of the Huaxin project in Hong Kong.Limited.
The notification pointed out that the above overseas investment behavior has completed the filing of the commercial department and the foreign exchange management department before investing abroad, but it has not been filed in the Shaanxi Provincial Development and Reform Commission.In June 2023, Xi'an Ziguang Guoxin actively contacted the Shaanxi Provincial Development and Reform Commission to request supplementary filing of its overseas investment behavior from 2016 to 2019.
After verification, in 2016, 2018 and 2019, Xi'an Ziguang Guoxin has contributed a total of 7.75 million US dollars without obtaining the filing procedures of the Shaanxi Provincial Development and Reform Commission.The management measures for the approval and filing of overseas investment projects and the relevant provisions of the enterprise's overseas investment management measures.Xi'an Ziguang Guoxin handles relevant responsible persons in accordance with regulations, strengthens the construction of corporate compliance and makes a written commitment.It is hoped that all overseas investment companies will learn lessons, effectively strengthen the management of overseas investment projects of enterprises, and resolutely eliminate such problems again.
The notification states that in the next step, relevant departments and overseas investment enterprises at all levels must further standardize the business behavior of overseas investment in enterprises.The first is to implement relevant overseas investment policies; the second is to improve the supervision system for collaborative linkages; the third is to carry out special supervision and inspection.
