According to the stock claim platform 123 network news, on the evening of October 29, 2021, ST Bailong issued the "Announcement on Receiving Administrative Penalties and Prior Notice of Market Prohibition". According to the announcement, Guangdong Baibaolong Co., Ltd. received the Advance Notice of Administrative Penalties and Market Access Prohibition (Penalty Word < 2021>99) from the China Securities Regulatory Commission on October 28, 2021.
According to the prior notice of administrative penalties issued by the CSRC, the main violations involved in ST Bolong include: 1. False records in the IPO prospectus of BoBaolong, the 2016 non-public offering stock issuance report and listing announcement and the periodic report; 2. Bo Baolong is suspected of not truthfully disclosing the "other non-current assets" statement item in the 2017-2019 annual report, and failing to truthfully disclose the use of the raised funds in the 2018 annual report; 3. Bo Baolong is suspected of failing to perform the approval procedures and information disclosure obligations of external guarantees from 2018 to 2020.
Since ST Bolong's initial public offering prospectus contains false records, ST Bolong's claim period is longer, and investors who buy between the date of ST Bolong's listing and the date of investigation by the SFC (st. Bolong is still held on the date of investigation by the SFC), and investors who sell or hold ST Bolong can make claims.
Stock Claim 123 Network prompts investors who have invested in ST Bolong and still hold ST Bolong, can carefully check their transaction records through mobile PHONE APP or computer software, ST Bolong claim period is tentatively set as: between June 26, 2015 and March 18, 2021 to buy ST Bolong, and after March 19, 2021 to sell or hold ST Bolong loss investors can learn about participating in the claim through the stock claim 123 network.
At present, ST Bailong has received the prior notice of administrative penalties from the CSRC, and after the official administrative penalties of the CSRC are issued, the court will accept the investor claim lawsuit, and it is expected that the court accepting the case will be the Guangzhou Intermediate People's Court.
Attached photo: Screenshot of ST Bailong's "Announcement on Receiving Administrative Penalties and Prior Notice of Market Prohibition"
