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St. Busen, who is deeply caught in the whirlpool: the actual controller was filed and investigated and claimed by investors for more than 7 million yuan

author:Cover News

Cover news reporter Ma Mengfei

At the end of the afternoon on January 19, ST Busen fell 2.64% to 7.75 yuan, with the latest total market value of 1.1 billion yuan.

On the evening of January 18, ST Busen issued an announcement that Wang Chunjiang, the actual controller of the company, was investigated by the Haikou Municipal Public Security Bureau for suspected occupation of the position of Hainan Yilian Puhui Internet Microfinance Co., Ltd.

It is worth noting that ST Busen has just been investigated by the Securities Regulatory Commission. In October last year, ST Busen was also sued by ordinary investors in the secondary market, claiming more than 7 million yuan. On the other hand, st busen's stock price has also fallen by 87%, the once well-known men's wear brand has been deeply involved in the whirlpool, and the star aura has faded.

St. Busen, who is deeply caught in the whirlpool: the actual controller was filed and investigated and claimed by investors for more than 7 million yuan

It was difficult to return to China because of the new crown epidemic, and now it has been investigated

Regarding the fact that the controller Wang Chunjiang was investigated by the Public Security Bureau, the company said that at present, the company's business activities are normal, and the investigation has not had a major impact on the production and operation of the listed company and corporate governance.

In addition, on the 11th of this month, ST Busen issued an announcement that wang Chunjiang's equity in Beijing Oriental Hengzheng Science and Trade Co., Ltd. was judicially frozen. The executors are the Haikou Municipal Public Security Bureau, the Guangzhou Tianhe District People's Court, and the Jinhua Intermediate People's Court.

It is worth noting that Wang Chunjiang was stranded abroad last year due to the new crown epidemic and it was difficult to return to China.

St. Busen, who is deeply caught in the whirlpool: the actual controller was filed and investigated and claimed by investors for more than 7 million yuan

In August last year, in a reply announcement to the Zhejiang Securities Regulatory Bureau's regulatory inquiry letter, ST Busen said that Wang Chunjiang accompanied his wife to enter the United States in February 2021 for personal family reasons, stayed in the United States, and now lives in San Francisco. Originally planned to return to China in May 2021, but due to the infection with the new coronavirus during his stay in the United States, he was unable to obtain a green code to return to China.

On the other hand, ST Busen can be described as a disaster. Previously, the company had just been investigated by the Csrc. On December 3, 2021, the Company received the Notice of Case Filing from the China Securities Regulatory Commission. Due to the company's suspected violations 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.

Immediately after December 8, ST Busen received a decision on administrative supervision measures issued by the Zhejiang Securities Regulatory Bureau. It pointed out that there were major omissions in the information disclosed by ST Busen; it failed to disclose the major progress of major events in a timely manner and failed to fulfill its information disclosure obligations in a timely manner.

St. Busen, who is deeply caught in the whirlpool: the actual controller was filed and investigated and claimed by investors for more than 7 million yuan

The stock price once climbed to a high of 58 yuan

Investors claim 7 million shares fell 87% at a higher point

The ensuing news of the bearish situation also disappointed a number of investors, and for the actual controller to be investigated, some investors ridiculed "Adou who really can't afford it" in the stock bar.

In fact, in addition to the above penalties, in October last year, ST Busen was also subject to investor claims. According to the data, in October last year, ST Busen issued an announcement that it had received materials such as the Civil Complaint and the Notice of Response to the Lawsuit delivered by the Intermediate People's Court of Hangzhou City, Zhejiang Province, and the company was sued by ordinary investors in the secondary market.

On January 15, 2020, ST Busen was investigated by the China Securities Regulatory Commission for suspected violations of securities laws and regulations on information disclosure. On August 6, 2020, ST Busen received the "Advance Notice of Administrative Penalties" from the Zhejiang Securities Regulatory Bureau. The CSRC found that ST Busen failed to disclose material guarantee matters in a timely manner in accordance with the regulations.

According to the relevant laws and regulations, ordinary investors bought 203,100 shares and sold 11,200 shares between September 7, 2017 and August 27, 2019, and still held 191,900 shares as of the close of trading on August 27, 2019, with the plaintiff's total losses of 7,099,100 yuan, which is within the scope of compensation, and the defendant should bear the liability for compensation for the plaintiff's losses.

However, as of the date of the announcement, the litigation case has not yet been heard in court, and no judgment or ruling has been made.

The continuous bearish news reflects the stock price equally disappointing, compared with the current share price of 7.75 yuan, ST Busen's stock price has fallen by more than 87%.

It is worth mentioning that the Busen men's clothing of that year was extremely famous, and Huang Xiaoming was asked to endorse it. Now the aura has faded, and it is lamentable.

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