On February 16, Safbon Water Service (Holding) Inc.Shanghai(300262) (300262. SZ) disclosed that the company and vice chairman Zhang Chunlin received the notice of filing a case from the CSRC on February 16, 2022. On suspicion of illegal information disclosure, the CSRC decided to file a case against the company and vice chairman Zhang Chunlin.
Safbon Water Service (Holding) Inc.Shanghai(300262) said that during the filing and investigation period, the company and vice chairman Zhang Chunlin will actively cooperate with the work of the CSRC and fulfill the obligation of information disclosure in strict accordance with the regulatory requirements.
According to the announcement, the matters involved in this investigation are not expected to touch the situation of major illegal compulsory delisting.
In addition, china.com financial reporter noted that on February 15, Safbon Water Service (Holding) Inc.Shanghai(300262) announced that it had received the decision on Issuing warning letter measures for Safbon Water Service (Holding) Inc.Shanghai(300262) issued by Shanghai Securities Regulatory Bureau.
The warning letter pointed out that after investigation, Safbon Water Service (Holding) Inc.Shanghai(300262) as a corporate bond issuer, there are many problems: first, the management and use of raised funds are not standardized, second, major matters that may affect the solvency are not disclosed in time, and third, the information disclosed in the relevant annual periodic reports is inaccurate.
In this regard, the Shanghai Securities Regulatory Bureau requires Safbon Water Service (Holding) Inc.Shanghai(300262) to rectify the problems mentioned in the warning letter and perform the information disclosure business as required.
