Deeply questioned by financial fraud, the stock price continued to decline, and Tus Environmental Science And Technology Development Co.Ltd(000826) was put on file for investigation after a loss of up to 4.8 billion

On February 28, Tus Environmental Science And Technology Development Co.Ltd(000826) ( Tus Environmental Science And Technology Development Co.Ltd(000826) . SZ) announced that the CSRC decided to file a case against the company for suspected illegal information disclosure.

Previously, Tus Environmental Science And Technology Development Co.Ltd(000826) received a letter of concern from the Shenzhen Stock Exchange on February 7 after handing over the annual performance forecast with a maximum loss of 4.8 billion yuan in 2021.

For Tus Environmental Science And Technology Development Co.Ltd(000826) in 2021, the regulatory authorities directly questioned the company’s suspected inflated assets for the large amount of asset impairment accrued for the suspended projects and the projects to be withdrawn. The attention letter requires the company to disclose the details of the suspended projects and projects to be withdrawn involving the provision of asset impairment in the form of list, including but not limited to the project name, main contents, project cycle, project progress, whether it has reached the expected progress, accounting subjects and amount involved, and explain the time, reason, impairment test process Basis for determining recoverable amount, etc.

Tus Environmental Science And Technology Development Co.Ltd(000826) received not only the above-mentioned letter of concern. The listed company also received the attention letter issued by the Shenzhen Stock Exchange on October 22, 2021. However, the company frequently delayed reply.

On February 28, Tus Environmental Science And Technology Development Co.Ltd(000826) finally made a phased reply to the letter of Concern dated October 22, 2021, and the reply did not directly reply to the questions raised in the letter of concern.

In response to the verification of construction in progress required by Shenzhen Stock Exchange, the reply showed that Tus Environmental Science And Technology Development Co.Ltd(000826) checked the contents involved in the letter of concern and sorted out the historical data of the project. Because the issues involved in the letter of concern are related to the company’s project audit, on-site verification and other matters, the company actively communicates with relevant parties on the relevant issues found in the verification process. Some verification work is affected by epidemic emergency and other factors. At the same time, the workload involved in the verification and problem rectification and the scope of relevant parties are large, so as to ensure the authenticity, accuracy and accuracy of the reply content of the letter of concern Complete, the company will continue to promote the verification work.

In addition, in 2021, Tus Environmental Science And Technology Development Co.Ltd(000826) disclosed a reorganization with City Development Environment Co.Ltd(000885) ( City Development Environment Co.Ltd(000885) . SZ). At that time, City Development Environment Co.Ltd(000885) planned to convert shares by issuing shares to absorb and merge Tus Environmental Science And Technology Development Co.Ltd(000826) .

On January 23, 2021, Tus Environmental Science And Technology Development Co.Ltd(000826) disclosed the plan for City Development Environment Co.Ltd(000885) share exchange, absorption of merged companies and raising supporting funds, and the report had not been disclosed as of the date of sending the letter. Shenzhen stock exchange requires Tus Environmental Science And Technology Development Co.Ltd(000826) to explain the specific progress of the merger, the work of the intermediary, the reasons for the slow progress and whether it faces substantive obstacles.

In this regard, Tus Environmental Science And Technology Development Co.Ltd(000826) replied that up to now, the work related to absorption, merger and major restructuring has been progressing normally. The situation of this major asset restructuring is relatively complex, but due diligence, audit and other related work do not involve factors that constitute substantive obstacles to the restructuring.

In October 2021, a news report doubting that Tus Environmental Science And Technology Development Co.Ltd(000826) involves financial fraud appeared, pointing directly at the existence of fictitious projects under construction in listed companies Tus Environmental Science And Technology Development Co.Ltd(000826) has been frequently sent letters by regulators and is deeply suspected of financial fraud. Since then, not only did the share price of listed companies collapse, the credit rating was downgraded by rating agencies, but also the planned capital operation was delayed.

According to the announcement on February 8, the Shenzhen Stock Exchange issued a notice of criticism to the controlling shareholder of the listed company tus holdings. It was found that tus holdings had the following violations: on November 20, 2021, the listed company responded to the financial fraud, false increase of assets, occupation of funds and other matters questioned by the media on the official website. On October 22, 2021, the Shenzhen Stock Exchange has sent a letter of concern to Tus Environmental Science And Technology Development Co.Ltd(000826) on media queries. As of the release of the above survey results by tus holdings, Tus Environmental Science And Technology Development Co.Ltd(000826) has not replied to the letter of concern of the Shenzhen Stock Exchange. As an indirect controlling shareholder of Tus Environmental Science And Technology Development Co.Ltd(000826) tus holdings failed to cooperate with Tus Environmental Science And Technology Development Co.Ltd(000826) in information disclosure and disclosed undisclosed major information before Tus Environmental Science And Technology Development Co.Ltd(000826) in other media.

In terms of the trend of the secondary market, following the sharp decline at the end of last year, Tus Environmental Science And Technology Development Co.Ltd(000826) ‘s share price is still hovering at a low level. As of the closing on February 28, the company’s share price was reported at 4.63 yuan / share.

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