China Fund News reporter Li Zhi
3 times the big bull stock was suddenly investigated by the Securities Regulatory Commission! The stock price took the lead in the reaction, and on December 6, the intraday fell to a halt, and 30,000 shareholders were confused.
On the evening of December 6, *ST Zhongying issued an announcement that due to suspected violations of laws and regulations on information disclosure, the CSRC decided to file a case against the company and the company's chairman Li Hualiang.
Violations of laws and regulations due to suspected information disclosure
*ST Zhongying and the chairman of the company were filed by the SFC
On the evening of December 6, *ST Zhongying issued an announcement that li Hualiang, the chairman of the company and the company, received the "Notice of Case Filing" issued by the China Securities Regulatory Commission on December 3, 2021, and because of the suspected violation of laws and regulations on information disclosure, in accordance with the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company and Li Hualiang.
*ST Should state that the above matters will not have an impact on the Company's ordinary business activities. The company will actively cooperate with the investigation work of the China Securities Regulatory Commission, and the company will continue to pay attention to the progress of the above matters and fulfill its information disclosure obligations in strict accordance with relevant regulations. And remind investors to pay attention to investment risks.
3 times the stock * ST crowd should suddenly fall to a stop during the session
30,000 shareholders fryer
As soon as the news came out, the shareholders of *ST Zhongying fried the pan, and some investors said, "Tomorrow is a word board, and today's position is miserable and uncomfortable." "When I first came in, I was afraid that I would have to eat and stop, and tomorrow I would open the market and cut meat." In addition, many shareholders are worried that if the CSRC files an investigation, will it affect the restructuring of the company?
In addition, some investors questioned the *ST public should raise questions, "On December 3, I received the "Notice of Case Filing", how to delay until the 7th to announce it." "Did anyone know the news in advance?"
It is worth noting that *ST Zhongying suddenly fell to a stop in the intraday today, and many investors expressed their confusion. As of now, the stock is reported at 5.72 yuan, with a total market value of 2.98 billion yuan.
In the long run, *ST Crowd should have been pulling up rapidly since May 24, and the stock has risen more than 289% so far.
As of the end of the third quarter, the number of shareholders of *ST Zhongying was 31,800.
*ST Crowd: There is uncertainty as to whether the pre-reorganization will be successful
This round of sharp rise is mainly due to a pre-restructuring announcement. On May 23, *ST Zhongying announced that in order to improve the efficiency of reorganization and the success rate of reorganization, and maintain business stability, the company intends to apply to the court for pre-reorganization. The company said that if the company's pre-restructuring is successful and the reorganization is successfully implemented, it will be conducive to resolving the debt crisis, improving the company's asset-liability structure, strengthening the main business, and optimizing performance. Subsequently, on July 20, the company received a notice of pre-reorganization registration from the court.
However, due to the continuous soaring stock price, *ST Zhongying should once again attract the attention of regulators. On August 26, *ST Zhong should receive a letter of concern from the Shenzhen Stock Exchange, asking it to explain the current progress, follow-up process, and promotion arrangement of the pre-reorganization matters, whether there is a relatively clear reorganization plan at present, and make sufficient risk warnings on the uncertainty in the pre-reorganization process and the impact on the company.
In its reply, *ST should state that as of the close of trading on August 30, 2021, the Company had not received applications from investors interested in pre-restructuring, and there was uncertainty as to whether the Company's pre-restructuring would be successful. The court's registration of the company's pre-reorganization does not mean that the company has officially entered the reorganization procedure. If the company's pre-reorganization is successful, the court will examine whether the reorganization application will be accepted in accordance with the law, and there is uncertainty as to whether the company can enter the reorganization procedure. The company will disclose the progress in a timely manner and will actively do a good job in daily operation and management work on the existing basis.
On October 15, *ST Zhongying said on the investor interaction platform that as of now, the company and the pre-restructuring investor have not signed any written investment agreement, and there is a possibility that the investor will withdraw due to the failure of the creditors and the investor to reach an agreement on relevant matters.
*ST Should Receive Regulatory Warning Letters multiple times
In fact, on November 8, *ST Zhongying and the chairman of the board of directors received a warning letter from the regulatory authorities. *ST Zhongying announced that the company and its chairman Li Hualiang received a warning letter from the Zhejiang Securities Regulatory Bureau because the company did not perform the corresponding review procedures for the relevant guarantees and did not disclose information in accordance with relevant regulations.
On August 16, *ST Zhong should receive a warning letter from the Zhejiang Securities Regulatory Bureau. *ST Zhongying mentioned in the announcement that the company received a relevant warning letter from the Zhejiang Regulatory Bureau of the Csrc on August 13.
It is pointed out that *ST Zhong should disclose the "2020 Annual Results Forecast" on January 29, 2021, and it is expected that the net profit attributable to the shareholders of the listed company in 2020 (hereinafter referred to as the "net profit") will be a loss of 80 million yuan to 120 million yuan. On April 6, 2021, the Company disclosed the "2020 Annual Results Forecast Amendment Announcement", which revised the 2020 estimated net profit to a loss of 310 million yuan to 330 million yuan, which is materially different from the previous performance forecast. *ST Should not take into account the negative impact of goodwill impairment factors on the company when forecasting the 2020 annual results, and the forecast is not prudent enough, resulting in inaccurate 2020 annual results forecast.
Chairman Li Hualiang, General Manager Zhu Enle, Financial Director Pan Chenyi, and Board Secretary Zheng Wei bear the main responsibility for the above acts. In accordance with the relevant regulations, it was decided to take supervision and management measures of issuing warning letters to *ST Zhongying, Li Hualiang, Zhu Enle, Pan Chenyi and Zheng Wei respectively, and record them in the integrity file of the securities and futures market.
On July 30, the Shenzhen Stock Exchange gave notice and criticism to the *ST congregation and relevant parties. Due to the large difference between the net profit of the *ST Zhongying 2020 performance forecast and the audited net profit, and the company did not make timely amendments to the performance forecast in accordance with the regulations, the Shenzhen Stock Exchange decided to give the company and chairman Li Hualiang, general manager Zhu Enle, and financial director Pan Chenyi the punishment of notification and criticism.
On July 23, the Shenzhen Stock Exchange decided to give Zhou Wanyuan, a shareholder of *ST Zhongying, a notice of criticism, because he did not fulfill his information disclosure obligations and did not stop trading after holding more than 5% of *ST Zhongying's shares.
On June 7, the Shenzhen Stock Exchange issued a letter of concern to *ST Zhongying, requiring the company to fully remind you of the risks that your company may face in the future operation, including but not limited to production and operation risks, liquidity risks, major litigation risks, financial risks, and delisting risks, etc., in light of the current production and operation, capital and debt situations, bank accounts being frozen, litigation matters, negative net assets at the end of 2020, and significant uncertainties in the ability to continue to operate.
*St. Congregation should have some bank accounts frozen
Many major lawsuits are rife
It is understood that *ST Zhongying was previously Kunshan Jinli Surface Material Application Technology Co., Ltd., which is a professional manufacturer with a complete process system and a variety of application materials in the field of surface material application technology. In 2015, the company achieved industrial transformation and acquired 100% of the equity of Hong Kong Moga Technology Co., Ltd., achieving major asset restructuring. Through the acquisition of MMOGA, the company has successfully transformed from the original traditional manufacturing industry into an asset-light online game e-commerce platform enterprise.
As a leading Internet B2C game e-commerce platform in Europe and a leader in the German-speaking region, MMOGA specializes in providing related transaction services for genuine licensing/registration codes and game virtual items. The company's MMOGA is a game vertical e-commerce platform.
However, this transformation did not save it, and in 2019, the company's performance began to explode, the net profit attributable to the mother plummeted by 1442.67% year-on-year, and the operating income fell by 41.66% year-on-year. The performance in 2020 is also very worrying. In the first three quarters of this year, the company's net profit attributable to the mother loss was 1.39%, which continued to expand compared with the loss of the previous year; the operating income was 180 million yuan, an increase of 1.09% year-on-year; the basic earnings per share were -0.27 yuan, compared with the basic earnings per share of -0.17 yuan in the same period last year.
The current *ST crowd should be described as internal and external troubles. In terms of the company's management, there is also continuous negative news. Recently, Sun Lixin, a supervisor of the company, applied for resignation as a supervisor of the fifth board of supervisors of the company for personal reasons. In addition, the securities account of Shao Yiping, the spouse of mr. Li Shiyong, an independent director, bought and sold the Company's shares between 24 September 2021 and 10 November 2021, which constituted short-term trading and the benefit of RMB11,600 was handed over to the Company.
In addition to a number of major lawsuits, *the shares of the company held by the controlling shareholders of ST Zhongying will be judicially auctioned. Due to the company's failure to repay some debts due to the property preservation and other measures taken by the creditors, some of the company's bank accounts were frozen, which involved 1 basic account and 18 settlement accounts, resulting in certain risks in the company's production and operation.
EDIT: Captain
Copyright Notice
Thunder again! The stock price collapsed by 87% in an instant, and the real estate defaulted and could not be repaid! Fellow countrymen cheated again? A share suddenly dived! The public number of the Shenzhen Health Commission was complained of vulgarity, and the response came