The Shanghai Stock Exchange disclosed the disciplinary decision on March 1. It is found that Shanxi Coal International Energy Group Co.Ltd(600546) and the controlling shareholder Shan Coal Group have occupied non operating funds. When the company has reached a credit agreement with the controlling shareholder on the relevant accounts, it still returns the arrears according to the amount before credit, resulting in the fact of overpayment of funds, which objectively leads to the non operational occupation of the funds of the listed company by related parties, and does not take timely measures to recover them, nor does it disclose the information on the occupation of funds in the corresponding periodic reports.
The Shanghai Stock Exchange criticized Shanxi Coal International Energy Group Co.Ltd(600546) , the controlling shareholder Shanxi group and the then chairman Wang Weimin, the then general managers LAN Haikui and Liang Jianguang, the then chief financial officer and Secretary of the board of directors Zhong Xiaoqiang and Wu Yanyu.
