Once, when the restructuring plan of sanbo Group Co., Ltd. (hereinafter referred to as "sanbo group") was implemented, the share prices of the two listed companies of the group were very different, one was close to the limit and the other rose continuously. Now, Sanxian group has been suddenly filed for investigation by the CSRC, and the share prices of its two listed companies have both fallen sharply. Among them, Jiangsu Hongtu High Technology Co.Ltd(600122) (600122. SH) has been on the limit for two consecutive words, Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) (600682. SH) was once close to the limit today. It is worth noting that there is a working day difference between the time when the two listed companies issued the announcement that the controlling shareholder was filed for investigation.
The foreign finance Associated Press reporter noted that Jiangsu Hongtu High Technology Co.Ltd(600122) has not announced the illegal occupation of funds or illegal guarantee by the controlling shareholders, but Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) has been criticized by the exchange because of the occupation of funds, and sancell group has indeed fallen into a debt crisis before, and is now gradually getting out of trouble through the restructuring plan.
it was announced one working day late that it was difficult to escape the sharp drop
On January 5, Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) announced that it had received a letter from the controlling shareholder sancell group on January 4, informing it that sancell group had recently received the notice of filing a case from the CSRC because it was suspected of illegal information disclosure related to Jiangsu Hongtu High Technology Co.Ltd(600122) .
It is worth noting that Jiangsu Hongtu High Technology Co.Ltd(600122) announced as early as December 31 that the listed company and sancell group received the notice of filing a case on December 30. Since then, on January 4 and 5, Jiangsu Hongtu High Technology Co.Ltd(600122) fell by the limit for two consecutive words.
On Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) January 4, it closed slightly higher. After opening today, it opened low and went low. It once went down and approached the limit.
Why is Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) announced one working day later than Jiangsu Hongtu High Technology Co.Ltd(600122) ? In this regard, the financial Associated Press reporter repeatedly called the Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) securities department, but the phone has not been answered.
Insiders told the financial associated press that not all investors know that the two companies are the same controlling shareholder. Many investors may not have noticed Hongtu hi tech's announcement, and some monitored investors may choose to avoid Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) shares in advance, so as to avoid the sharp decline after the announcement, which has caused information asymmetry to a certain extent.
Xu Feng, director of Shanghai Jiucheng law firm, told the financial associated press that for major events that may have a great impact on the stock trading price of listed companies, when investors have not been informed, listed companies should make an announcement within two trading days. Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) is an announcement made within the specified time. If the letter Phi keeps the bottom line, it can't be criticized.
what is involved in the violation of letter Phi?
So Jiangsu Hongtu High Technology Co.Ltd(600122) and the three cell group were filed for investigation for violation of the letter Phi?
In this regard, Jiangsu Hongtu High Technology Co.Ltd(600122) the staff of the Securities Department told the financial associated press that the company has communicated with the CSRC, but has not learned the specific situation (letter Phi violation).
Xu Feng told the financial associated press that many of the listed companies and controlling shareholders who were investigated at the same time were the controlling shareholders or related parties who illegally occupied funds, and the listed companies who illegally guaranteed the controlling shareholders or related parties, mainly focusing on the illegal related party transactions.
However, Jiangsu Hongtu High Technology Co.Ltd(600122) has not yet announced the illegal occupation of funds or illegal guarantee by the controlling shareholder, but Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) has been criticized in a circular because of the occupation of funds: in December 2020, Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) and its related party Nanjing sanbo Medical Management Co., Ltd. (a company controlled by sanbo group), the actual controller and then chairman yuan Yafei were criticized by the Shanghai Stock Exchange, The parties were accused of failing to recover the current accounts of related parties in time, resulting in the occupation of more than 50 million yuan of non operating funds, and the disclosure of related information such as the progress of related party transactions was not timely and complete.
However, Jiangsu Hongtu High Technology Co.Ltd(600122) has also been subject to regulatory penalties for many times in recent years: in April 2019, Jiangsu Hongtu High Technology Co.Ltd(600122) was given a serious warning by the inter-bank market dealers association due to a number of letter Phi violations during the duration of debt financing instruments, and was ordered to rectify and suspend the business related to the debt financing instruments market for one year; In June 2019 and August 2020, Jiangsu Securities Regulatory Bureau issued the decision on administrative supervision measures to Jiangsu Hongtu High Technology Co.Ltd(600122) twice; In July 2020, Jiangsu Hongtu High Technology Co.Ltd(600122) timely served as chairman and President and many others were publicly condemned and criticized by the Shanghai Stock Exchange.
Moreover, in the inquiry letter of the mid-term report in 2021, the Shanghai Stock Exchange asked Jiangsu Hongtu High Technology Co.Ltd(600122) to explain the reasons and rationality of the long-term existence of large amount of other receivables, and clearly explain whether it constitutes the occupation of non operating funds.
As for whether sanbo group has illegal guarantee or fund occupation with Jiangsu Hongtu High Technology Co.Ltd(600122) , the above Jiangsu Hongtu High Technology Co.Ltd(600122) staff told the financial Associated Press: "at present, we don't know the situation."
Xu Feng told the financial associated press that from the past announcements of Hongtu hi tech, there have been many acts of regulatory measures taken by the CSRC. The specific violations filed by the CSRC this time need to be judged according to the follow-up investigation conclusions. At present, it is preliminarily judged that Hongtu hi tech shares will be purchased before January 1, 2022, Moreover, investors who sell or continue to hold shares after January 1, 2022 can be prepared to initiate claims and keep an eye on the progress of the investigation filed by the CSRC.
has been trading continuously due to the implementation of the group's restructuring plan
In fact, sancell group was indeed in a debt crisis before. In mid-2018, sancell group's debt crisis broke out, and sancell group's financial debt Committee was established in September of that year.
After hours on November 30, 2021, Yuan Yafei, founder of sancello group, announced in the form of a personal open letter that the financial debt commission confirmed that the agreement restructuring of sancello group had been officially adopted by nearly 90% of creditors. At the same time, Nan Jing Xin Jie Kou Department Store Co.Ltd(600682) and Jiangsu Hongtu High Technology Co.Ltd(600122) respectively issued announcements on the formal voting of the restructuring plan of controlling shareholders, and the restructuring plan of sancell group will be implemented.
However, on November 30, 2021, the share price of Jiangsu Hongtu High Technology Co.Ltd(600122) had risen by the limit in advance, and the share price rose 5.03% to 1.67 yuan at the close of the day; Since then, the company has obtained five more daily limit plates continuously on December 7, 2021. By December 31, the company has successively harvested 12 daily limit plates, and the closing price of the stock at the highest is about 50% higher than that on November 29, 2021.
The above Jiangsu Hongtu High Technology Co.Ltd(600122) staff told the financial Associated Press: "After the adoption of the restructuring plan of sancell group, it is being gradually implemented. According to our current understanding, the restructuring plan of sancell group does not involve the equity of Hongtu hi tech or the change of the actual controller of Hongtu hi tech. in the process of debt restructuring of controlling shareholders, if there are major matters involving listed companies, the company will make an announcement in time."
(Financial Associated Press)
