Delisting risk was filed by the CSRC Guangdong Mingzhu Group Co.Ltd(600382)

On the evening of February 16, Guangdong Mingzhu Group Co.Ltd(600382) announced that it had received the notice of filing a case from the CSRC. The CSRC decided to file a case against the company for suspected illegal information disclosure.

On February 17, Guangdong Mingzhu Group Co.Ltd(600382) “one” fell to the limit, closing at 5.5 yuan / share, with a market value of 4.339 billion yuan.

It is worth noting that on July 21 last year, Guangdong Mingzhu Group Co.Ltd(600382) announced that Zhang Jianli, the actual controller of the company, was filed for investigation by the CSRC on suspicion of illegal information disclosure.

On December 23, 2021, Zhang Jianli received the decision on administrative punishment and the decision on banning market entry from Guangdong securities regulatory bureau. After investigation, Zhang Jianli, as one of the actual controllers of Guangdong Pearl since November 2015, ordered relevant subjects to engage in securities violations and conceal relevant matters, resulting in illegal information disclosure of Guangdong Pearl. The bureau decided to give Zhang Jianli a warning and impose a fine of 5 million yuan. Guangdong securities regulatory bureau also banned Zhang Jianli from entering the securities market for five years.

According to the data, as of September 30, 2021, Guangdong Mingzhu Group Co.Ltd(600382) has 29900 shareholders.

suspected of illegal information disclosure

On February 16, Guangdong Mingzhu Group Co.Ltd(600382) announced that the company had received the notice of filing a case (Zheng Jian Li Jian Li Jian Zi 006202001) from the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”). Because the company was suspected of illegal information disclosure, according to 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 CSRC decided to file a case against the company

source: Announcement

Guangdong Mingzhu Group Co.Ltd(600382) said that during the filing and investigation period, the company will actively cooperate with the relevant work of the CSRC and fulfill the obligation of information disclosure in strict accordance with the regulatory requirements.

prompt delisting risk

On the evening of January 28, Guangdong Mingzhu Group Co.Ltd(600382) announced that the net profit attributable to shareholders of Listed Companies in 2021 is expected to increase by 575 million yuan to 691 million yuan compared with the same period in 2020 (statutory disclosure data), with a year-on-year increase of 172.40% – 207.10%; Compared with the same period in 2020 (legally disclosed data), the deducted net profit attributable to shareholders of listed companies is expected to decrease by 123 million yuan to 188 million yuan, a year-on-year decrease of 36.68% – 56.00%.

The reason for the decrease of non operating profit and loss of subsidiaries in the same period is that the net profit of non operating profit and loss of subsidiaries in the same period is deducted from the net profit and loss of non operating profit and loss of the current period, which is recorded as the “net profit and loss of non operating profit and loss of subsidiaries in the same period” on the year-on-year reporting date.

On the same day, the company also disclosed a risk warning announcement that may be terminated from listing. The company’s 2020 financial report was issued with an audit report that could not express an opinion, and the company’s shares were treated with “delisting risk warning” from May 6, 2021.

The company said that although the general meeting of shareholders considered and approved the company’s major asset restructuring, Dading mining’s operational asset package was placed in the company; Up to now, Dading mining and the company have completed the delivery of the main operating assets in the operating assets package of Dading mining except mining warrants. However, the transfer of mining license is being handled, which needs to be approved by the competent department of Geology and mineral resources of Guangdong Province, and the implementation of major asset restructuring is still uncertain.

According to the regulations of the exchange, if the audited financial accounting report of the latest fiscal year disclosed by the company has any of the circumstances specified in items (1) to (3) of paragraph 1 of article 9.3.2 or the financial accounting report is issued with a qualified opinion audit report, the listing of the company’s shares may be terminated

source: Announcement

On February 11, the company said on the interactive platform that it had made an appointment to disclose the 2021 annual report on April 28. According to relevant regulations, after the company meets the specified conditions, it can apply to the Shanghai Stock Exchange to revoke the delisting risk warning of the company’s shares within 5 trading days after the disclosure of the annual report

source: interactive platform

take the mining right

In 2021, the company placed the operating asset package of Dading mining. Before being placed in Dading mining, the company’s main business was primary land development. After being placed, it was changed to iron ore mining and beneficiation and production and sales of iron concentrate powder.

Guangdong Mingzhu Group Co.Ltd(600382) disclosed in the announcement on January 28 that in 2021, the company is expected to achieve an operating revenue of 1.723 billion yuan to 1.842 billion yuan, and Dading mining is expected to achieve an operating revenue of 1.556 billion yuan.

On February 7, Guangdong Mingzhu Group Co.Ltd(600382) announced that according to the resolution of the shareholders’ meeting of Dading mining, Dading mining distributed a cash dividend of RMB 2.27 per share to all shareholders based on the total share capital of 660 million shares, of which the company could receive a cash dividend of RMB 298 million according to the proportion of capital contribution. As of January 30, 2022, the company has received the above dividends. According to relevant accounting standards, the company recognizes the above dividends as investment income.

To the “excitement” of nearly 30000 shareholders of the company, it was announced that Guangdong Mingzhu Group Co.Ltd(600382) received a letter from Pearl mining on the evening of February 15. According to the letter, Mingzhu mining has completed the change registration of mining right of Dading Iron Mine and obtained the mining license issued by the Department of natural resources of Guangdong Province.

According to the announcement, the mining minerals include iron ore, zinc and tin, with a production scale of 3 million tons / year and a mining area of 1.98 square kilometers.

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