On February 21, * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) announced that Senyu chemical, the former major shareholder of the company, and its related parties, China Morita and Morita investment (hereinafter referred to as the former major shareholder), had received the decision to issue warning measures from the Beijing regulatory bureau of the China Securities Regulatory Commission, because the former major shareholder’s announcement on increasing its holdings in 2020 was “only talking but not doing”.
“This kind of behavior is suspected of ‘deceptive overweight’, and it is suspected of manipulating the stock price.” Lawyer Wang Zhibin of Shanghai Minglun law firm introduced to the reporter of Securities Daily.
According to the announcement, * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) former major shareholders issued an announcement on share increase on July 3, 2020, disclosing that based on the recognition of the company’s long-term investment value and confidence in the company’s future development, they plan to increase their holdings of no less than 50 million shares and no more than 100 million shares of the company through block trading, call auction or secondary market purchase within 12 months from July 3, 2020.
However, this shareholding increase plan only stays on paper. On July 6, 2021, * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) announced that as of the expiration of the shareholding increase period on July 2, 2021, the former major shareholders had not increased their holdings of the company’s shares and had not completed the shareholding increase plan. “You failed to complete the share increase plan of the company on schedule, and failed to fully disclose the relevant information about the failure to complete the share increase plan on time, in violation of Article 3 of the measures for the administration of information disclosure of listed companies and No. 4 of the guidelines for the supervision of listed companies – commitments and performance of actual controllers, shareholders, related parties, acquirers and listed companies of listed companies.” The provisions of Article 5. ” Beijing regulatory bureau pointed out.
Beijing regulatory bureau decided to take administrative regulatory measures to issue a warning letter to the former major shareholders of * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) and record it in the integrity file. “You should draw lessons, strengthen the study of relevant securities laws and regulations, standardize information disclosure and commitment performance, and prevent similar behaviors from happening again.”
According to the public information, the * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) stock has increased significantly since July 2020. On July 2, 2020, the company’s share price closed at 1 yuan / share. Since then, it has been trading for several times, and closed at 1.9 yuan / share on August 19. Since then, the company’s share price has been volatile for several times. On February 21, the share price fell to close at 1.49 yuan / share.
Lawyer Wang Zhibin told the reporter of Securities Daily that the shareholding increase plan of major shareholders is important information that should be disclosed in time, including not only the shareholding increase plan, but also timely follow up the progress and completion degree of shareholding increase, and inform investors in time. “* Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) ‘s major shareholders originally issued the shareholding increase plan on the grounds of ‘optimistic about the future of the company’, and there have been obvious changes in the stock price trend since then. Therefore, if the major shareholders did not increase their shareholding, they should make a timely announcement on the reasons for the suspension. At present, it seems that the shareholding increase plan thrown out by * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) at that time is an obvious’ flickering shareholding increase ‘, which is suspected of manipulating the stock price.”
* Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) also received an inquiry letter from the Shanghai Stock Exchange on December 17 last year, which mentioned that the Shanghai Stock Exchange had received reporting materials to report that the assets evaluation of the subject of the company’s major asset restructuring in the early stage was false, that the overseas subsidiary longrun exploration Co., Ltd. (hereinafter referred to as longrun) had been prohibited from trading and that the on-site operation of the oil field had not been carried out normally, At the same time, corporate governance is chaotic. Deng Tianzhou, the original actual controller, illegally embezzles large amounts of funds of listed companies, and defraudes loans by submitting false materials. For these inquiries, the company has postponed several times, and has not replied up to now: “because the preliminary matters involved in the inquiry letter need to be confirmed with relevant personnel, and the company has not yet determined the appointed accounting firm, in order to ensure the authenticity, accuracy and integrity of the reply to the inquiry letter, the company will postpone the reply to the inquiry letter again.”
