The application for resumption of listing has just been rejected by the Shenzhen Stock Exchange, Dea General Aviation Holding Co.Ltd(002260) also disclosed the regulatory measures taken by the CSRC and Guangdong Securities Regulatory Bureau on the company.
On the evening of February 17, Dea General Aviation Holding Co.Ltd(002260) announced that the CSRC decided to file a case for investigation because of suspected violations of information disclosure.
The Dea General Aviation Holding Co.Ltd(002260) who wanted to resume listing was not only angry with the sponsor, but also staged a wonderful plot at the shareholders' meeting. The on-site participation of shareholders was refused, and the online voting results were invalidated for no reason. In this regard, Guangdong securities regulatory bureau decided to take administrative supervision measures.
Source: company announcement
CSRC investigation
On the evening of February 17, Dea General Aviation Holding Co.Ltd(002260) announced that it had received the notice of filing a case from the CSRC. The CSRC decided to file a case against the company on January 24, 2022 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 due to the company's suspected illegal information disclosure.
On the evening of February 16, the Shenzhen Stock Exchange announced that according to the review opinions of the listing committee, it decided not to agree to the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) shares.
The company said that due to the failure of the working meeting of the Listing Committee of the exchange to approve the company's application for resumption of listing, if the cross examination or opinions put forward by the company at the subsequent hearing are not adopted by the regulatory authorities, the company's shares are at risk of being terminated from listing.
wonderful plot staged at the shareholders' meeting
The Dea General Aviation Holding Co.Ltd(002260) , who dreams of resuming listing, recently angered the sponsor Federal Reserve securities. The latter believes that it does not have the conditions to resume listing. At the company's extraordinary general meeting at the end of last year, a wonderful plot was also staged.
On February 17, Dea General Aviation Holding Co.Ltd(002260) also received the decision on taking corrective measures against Dea General Aviation Holding Co.Ltd(002260) issued by Guangdong securities regulatory bureau.
Source: company announcement
According to the decision of Guangdong securities regulatory bureau, on December 30, 2021, Dea General Aviation Holding Co.Ltd(002260) held the third extraordinary general meeting of shareholders in 2021. Some shareholders went to the site to attend the meeting and were still refused to enter the venue when they presented their identity certificates, shareholder certificates and other materials, resulting in the inability to vote on the site of the company's general meeting of shareholders.
Unable to enter the meeting to vote, some shareholders voted online on the same day. However, Dea General Aviation Holding Co.Ltd(002260) and the witness lawyer of the general meeting of shareholders found that the voting of relevant shareholders did not comply with the agreement on concerted action and entrusted voting rights and was not effective. Therefore, the online voting of relevant shareholders was not included in the voting results of various proposals. According to statistics, the above voting results involve 100.8 million shares of the company, accounting for 18.10% of the total share capital of the company.
The investigation of Guangdong securities regulatory bureau also found that Dea General Aviation Holding Co.Ltd(002260) company also had violations in important internal examination and approval matters such as seals and funds, in violation of the relevant provisions of the company's articles of association and the guidelines for the governance of listed companies.
For the above situation at the general meeting of shareholders, in the verification work of Guangdong securities regulatory bureau, Dea General Aviation Holding Co.Ltd(002260) not only failed to provide a reasonable basis for refusing relevant shareholders to enter the company, the company and relevant lawyers also failed to provide the laws and regulations that determine that the online voting of relevant shareholders is not included in the voting results.
For the above behavior, Dea General Aviation Holding Co.Ltd(002260) said in the reply announcement to the concern letter issued on February 12 that "the company has a sound corporate governance structure and internal control system and standardized operation".
According to the investigation of Guangdong securities regulatory bureau, Dea General Aviation Holding Co.Ltd(002260) the above-mentioned acts of non-standard corporate governance and inaccurate information disclosure violate the relevant provisions. In this regard, the Guangdong Securities Regulatory Bureau ordered it to take effective measures to make practical rectification, truly, accurately, completely, timely and fairly perform the obligation of information disclosure according to law, and required the company to conduct internal accountability for the relevant responsible personnel.
