A number of listed companies have been filed for investigation and supervision, and strict investigation has been carried out in areas such as violation of laws and insider trading

2022-07-05

Under the requirement of "zero tolerance", a number of listed companies have been filed for investigation by regulatory authorities. Ganfeng lithium, tai'antang, St Xingyuan, rock and other four listed companies have announced that they have received the notification of filing from the CSRC. From the perspective of the reasons for filing the case, it mainly involves insider trading in the secondary market, failure to disclose the annual report within the specified period, and illegal information disclosure. On July 3, Ganfeng lithium announced that the company received the notice of filing a case from the China Securities Regulatory Commission on July 1, 2022. Due to the suspicion of insider trading in the secondary market of a listed company's shares, according to relevant laws and regulations, the China Securities Regulatory Commission decided to file a case against the company on January 24, 2022. Ganfeng lithium announced that the above matters will not have an impact on the normal production and business activities of the company. The company will continue to pay attention to the progress of the above matters, actively cooperate with the relevant work of the CSRC, and perform the obligation of information disclosure in strict accordance with the regulatory requirements. It is worth noting that it was previously reported that "a listed company" mentioned in Ganfeng lithium's announcement was jiangte electric. In August 2020, the two sides signed a lithium salt production line cooperation agreement; After the signing of the agreement, the Shenzhen stock exchange quickly issued a letter of concern to jiangte Electric Co., Ltd., requesting to explain whether the entrusted operation and management of the lithium salt production line actually constituted the sale of assets by the company. On October 30 of that year, the cooperation was terminated. Jiangte electric also said on the interactive platform on July 4 that the reason why the company was investigated by the CSRC in December last year was "suspected of illegal information disclosure", which had no relationship with Ganfeng lithium; The company has not received any relevant information about Ganfeng lithium being filed this time; The CSRC's on-site investigation of the company's case has been completed, and the matter will not affect the company's production and operation, investment and construction, and the "exploration to mining" work. In recent years, the supervision of information disclosure, insider trading, financial fraud and other aspects of listed companies has continued to be tightened, many companies have been filed for investigation, and the information environment of listed companies has been continuously optimized. On the evening of July 1, three listed companies, Tai'an Tang, St Xingyuan and rock Co., Ltd., announced on the same day that they had received the notification of filing issued by the CSRC or the local securities regulatory bureau. From the perspective of reasons, the illegal disclosure of information is the "important reason" for the frequent filing and investigation of listed companies. In addition, listed companies have been punished for failing to disclose their annual reports on schedule. According to the announcement of Tai'an hall, the company received the notice of filing from the CSRC on June 30. Because the company did not disclose its 2021 annual report within the statutory time limit, the CSRC decided to file the company according to relevant laws and regulations. Previously, Tai'an Tang announced on April 30 that affected by the epidemic, the company was unable to complete the work related to the annual report as originally planned, and objectively could not disclose the audited 2021 annual report as scheduled. The 2021 annual report disclosed on June 16 showed that the company's net profit loss in 2021 exceeded 800million yuan, and its operating revenue also fell by more than 30% year-on-year. St Xingyuan announcement said that due to the early suspected illegal information disclosure, according to relevant laws and regulations, the CSRC decided to file an investigation on the company. The rock shares announced on the same day were also investigated on suspicion of violating laws and regulations. On the evening of July 1, rock shares announced that the company had received the notice of filing a case issued by the Shanghai Securities Regulatory Bureau, which decided to file a case against the company for suspected illegal information disclosure. In addition, there are listed companies' announcements that their subsidiaries have been filed for investigation for various reasons. Recently, Harbin Investment Holding Co., Ltd. announced that its subsidiary Jianghai securities was suspected of not being diligent when acting as the financial adviser of obit in issuing shares and paying cash to purchase assets and raise supporting funds, and the documents produced and issued had false records, misleading statements or major omissions. The CSRC decided to file a case against Jianghai securities. Insiders said that the increase in the number of listed companies under investigation revealed the determination and attitude of regulators to strictly crack down on illegal securities activities in accordance with the law. Under the requirement of "zero tolerance", illegal activities in the capital market will be further reduced, and the legitimate rights and interests of investors will be safeguarded, so as to promote the high-quality development of the capital market. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Economic Information Daily

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