Six companies including Furen pharmaceutical were punished by the Dealers Association for failing to disclose regular financial information on schedule

On December 31, 2021, Bank Of China Limited(601988) self discipline punishment information published on the website of market dealers association shows that Baota Petrochemical Group Co., Ltd. (hereinafter referred to as Baota petrochemical), Furen Pharmaceutical Group Co., Ltd. (hereinafter referred to as Furen pharmaceutical), Tianjin Real Estate Group Co., Ltd. (hereinafter referred to as Tianfang group), Ziguang Group Co., Ltd. (hereinafter referred to as Ziguang group) Six issuers, including Beijing Ziguang Communication Technology Group Co., Ltd. (hereinafter referred to as Ziguang communication) and new China Union Holdings Ltd(000036) Co., Ltd. (hereinafter referred to as Macrolink Culturaltainment Development Co.Ltd(000620) ), failed to disclose regular financial information on time during the existence of debt financing instruments, and the relevant issuers defaulted on debt financing instruments, which should be dealt with more severely or aggravated. According to the relevant self-discipline provisions of the inter-bank bond market, the following self-discipline measures were taken against the six issuers after deliberation at the 22nd self-discipline meeting in 2021:

1、 Baota Petrochemical failed to disclose multi period regular financial information such as the 2020 annual report and the financial information of the first quarter of 2021 on schedule, gave a serious warning to the company and suspended its business related to debt financing instruments for two years; Order them to make comprehensive and in-depth rectification on the problems exposed in this incident; The legal representative and the actual controller of the company shall give a warning to the financial instrument.

2、 Furen pharmaceutical failed to disclose multiple periodic financial information such as the 2020 annual report on schedule, gave a serious warning to the company and suspended its business related to debt financing instruments for one year; Order them to make comprehensive and in-depth rectification on the problems exposed in this incident; Zhu Wenchen, the first responsible person, legal representative and actual controller of the company’s debt financing instrument information disclosure, shall be warned.

3、 Tianfang group failed to disclose the 2020 annual report and other periodic financial information on schedule, gave a serious warning to the company and suspended its business related to debt financing instruments for one year; Order them to make comprehensive and in-depth rectification on the problems exposed in this incident; Jiang Yiyu, the first responsible person and chairman of the board of directors for the information disclosure of the company’s debt financing instruments, was criticized in a circular; Diao Feng, the leader in charge of the company’s debt financing instrument business and the chief accountant, was criticized in a circular.

4、 Ziguang group failed to disclose the 2020 annual report and the first quarterly report of 2021 on schedule, warning the company; Order them to make comprehensive and in-depth rectification on the problems exposed in this incident.

5、 Ziguang communication failed to disclose the 2020 annual report on schedule, warning the company; Order them to make comprehensive and in-depth rectification on the problems exposed in this incident.

6、 Macrolink Culturaltainment Development Co.Ltd(000620) failed to disclose the 2020 annual report and the first quarterly report of 2021 on schedule, but corrected it in a short time and criticized the company in a circular; Order them to make comprehensive and in-depth rectification on the problems exposed in this incident; Zhang Bishu, the person in charge of the company’s information disclosure and the person in charge of accounting, was criticized in a circular.

(interface News)

 

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