Shareholders Of Several Listed Companies Suspected Of Violating Securities Laws And Regulations

A large number of listed companies were violating the reduction of major shareholders' violation.

Wu Guozheng's decision to hold down the company's shares was suspected of violating the securities laws and regulations, and the securities and Futures Commission decided to file an investigation on Wu Guozheng.

On the evening of July 26th, China Railway two bureau, Jin Li Tai,

A number of companies announced that the reduction of large shareholders' violation was investigated by the SFC.

Last Friday, Yotani Katai, Kate power, song Chi shares, Yi Mi Kang, LAN Tai industries and other 5 listed companies controlling shareholders were also placed on file for investigation or were asked to provide relevant information.

The securities and Futures Commission has recently increased the intensity of investigation and regulation of major shareholders' illegal reduction.

Zhang Xiaojun, a spokesman for the securities and Futures Commission, said at a regular press conference on 24 that the next step is to strengthen the law enforcement efforts against illegal reduction of major shareholders and protect the trading order in the capital market.

Illegal reduction of major shareholders

China Railway two bureau announced in the evening of July 26th that the two bureau group of the controlling shareholder of the company received the notice of investigation of the securities and Futures Commission on the 24 th, because of its alleged violations of the short-term pactions, according to the relevant provisions of the securities law.

Decides to file an investigation on the two bureaus.

China Railway two bureaus announced the relevant situation of short term trading of the two bureaus in May 27th.

During the period from April 17th to May 25th this year, the two bureaus group held a total of 16 million 92 thousand and 300 shares of the company's unlimited sale conditions through the Shanghai Stock Exchange's auction trading system. The average price was 24.95 yuan / share, accounting for 1.10% of the total share capital.

Among them, 4 million 944 thousand and 300 shares were reduced in May 25th, and the average paction price was 24.91 yuan / share.

Due to the mistake of the staff, the sale of the product was wrongly sold as a buy, resulting in the two group selling shares of the company at the same time and buying 504 thousand and 800 shares of the company's stock at an average price of 25.7 yuan / share, forming a short-term paction.

The two bureau of China Railway said that since the short term pactions of the two bureaus did not generate revenue, there was no case where the board of directors recovered their proceeds.

Jin Li Tai controlling shareholder has also been placed on file for investigation because of illegal reduction.

The company announced that Wu Guozheng, the controlling shareholder and the actual controller, received the notice of investigation of the securities and Futures Commission 24 days ago.

The SFC decided to file an investigation on Wu Guozheng.

Enquiries revealed that Wu Guozheng had accumulated a 8.1% reduction in shares since May 6th.

In July 9th, the company announced the Wu Guozheng shareholding company's shareholding plan, and in view of the current market situation, Wu Guozheng will stop the previous reduction plan.

Last Friday, a total of five controlling shareholders of Yanggu's Huatai, Ketai power, song Chi, Yi Mi Kang, LAN Tai industries and so on were placed on file for investigation or were asked to provide relevant information.

Many reasons are not disclosed in time.

On July 24th, Zhang Xiaojun, a spokesman for the securities and Futures Commission, said at a regular press conference that the SFC has intensified its investigation and handling of cases of illegal reduction of major shareholders in the first half of the year.

In the first half of the year, the SFC dealt with nearly 50 major violations of the major shareholders, the failure of the directors, the violation of commitments, and the short-term trading.

In the second half of this year, the SFC will intensify efforts to investigate and reduce violations of major shareholders.

Combing recent cases of illegal reduction by the SFC investigation, most of which are due to the failure to disclose in a timely manner or short term trading violations.

Jin Litai disclosed in May 18th that Wu state administration reduced the 6 million tradable shares of the company's unlimited sales through the Shenzhen stock exchange system on the 15 th of May 14th on the -5 stock exchange, which accounted for 2.30% of the total share capital of the company.

The above pactions are in violation of the relevant provisions of the CSRC's "management measures for the acquisition of listed companies (revised in 2014)". When accumulating the shares of the company to 5% of the total share capital of the company, it is necessary to compile the report on changes in rights and interests and fulfill the obligation of information disclosure in time, and shall not buy and sell the shares of the listed company within 2 days after the reporting period and the report and announcement.

Due to negligence, Wu Guozheng stopped trading in a timely manner according to the relevant regulations when the reduction ratio reached 5%.

Song Chi shares and Nanfeng shares also made a written report to the SFC and the Shenzhen stock exchange when they sold 5% of the shares of the company. They did not stop selling shares of the company before they fulfilled their reporting and disclosure obligations.

The investigation notice issued by the Commission on the 24 day of Lantai industry also showed that the investigation was carried out because of the fact that it was not disclosed according to the requirements.