The stock manipulation case by Shenzhen-based "China Venture Capital", dubbed the largest one in China's securities history, has been accepted recently by the Beijing Municipal No. 2 Intermediate People's Court.
The case is extremely complicated due to its involvement of over 120 securities offices from more than 20 provinces and cities and an illegal capital totaling 5.4 billion yuan, according to the court.
"China Venture Capital", today's Kondarl (000048), was reorganised in April 1994. It issued RMB21.8m shares and listed in the Shenzhen Stock Exchange in November 1, 1994.
The Company is principally engaged in the trading of chickens, animal feeds, food & wine, clothing, building material and steel, transportation, vehicle maintenance & repairing and tourism.
(People's Daily May 31, 2002)