Because the placards were not announced in time, the well-known “niusan” and Chen Fashu, the former richest man in Fujian, were issued a warning letter by the Beijing Securities Regulatory Bureau.
On March 23, Beijing Securities Regulatory Bureau issued the decision on Issuing warning letters to New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd., New Hua Du Supercenter Co.Ltd(002264) industrial group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye and Chen Yanhui. The announcement said that the Beijing Securities Regulatory Bureau decided to take administrative regulatory measures to issue warning letters to the above subjects.
It is worth mentioning that this is not the first time that Chen Fashu has been warned by the regulatory authorities for failing to make a timely announcement on his purchase of Center International Group Co.Ltd(603098) (hereinafter referred to as ” Center International Group Co.Ltd(603098) “, Center International Group Co.Ltd(603098) ) shares.
On February 28, when Chen Fashu’s total equity shares reached 5% of Center International Group Co.Ltd(603098) issued shares, he did not stop trading the shares of the listed company and timely disclosed the equity change report, which was given a regulatory warning by Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”).
In 2021, Center International Group Co.Ltd(603098) share price performed well, with an annual increase of more than 470%. However, in terms of performance, Center International Group Co.Ltd(603098) performance is not optimistic. According to the data, in the first three quarters of 2021, Center International Group Co.Ltd(603098) net profit attributable to the parent (hereinafter referred to as “net profit”) decreased by 39.03% year-on-year (compared with the same period of the previous year).
As of the closing on March 24, Center International Group Co.Ltd(603098) closed at 44.90 yuan / share, down 2.09%.
placards were not announced in time and a warning letter was issued, announcing that such violations would be prevented from happening again
Beijing securities regulatory bureau pointed out that after investigation, the above-mentioned relevant subjects and Xiamen New Hua Du Supercenter Co.Ltd(002264) Investment Management Consulting Co., Ltd., as Center International Group Co.Ltd(603098) shareholders, acted in concert with each other. On December 6, 2021, 1.5 million Center International Group Co.Ltd(603098) shares were successively purchased in the securities account under Chen Fashu’s name, and the total shareholding ratio of the above persons acting in concert increased from 4.78% to 5.06%.
The Beijing Securities Regulatory Bureau further pointed out that the shareholding change information was not announced within 3 days and was not announced until December 31, 2021. During the period from December 6 to December 29, 2021, the securities account under the above subject’s name continued to buy and sell Center International Group Co.Ltd(603098) shares, maintaining the shareholding ratio at more than 5%, up to 5.20%.
“The above acts violate the provisions of Article 13 of the measures for the administration of the acquisition of listed companies (Order No. 166 of the CSRC). According to the provisions of Article 75 of the measures for the administration of the acquisition of listed companies (Order No. 166 of the CSRC), our bureau has decided to take administrative and regulatory measures to issue warning letters to you.” Beijing Securities Regulatory Bureau said.
At the same time, the Beijing Securities Regulatory Bureau stressed that the above-mentioned relevant subjects should learn lessons, strengthen the study of securities market laws and regulations of themselves and those acting in concert, strictly regulate trading behavior, and prevent the recurrence of such violations.
On March 19, Center International Group Co.Ltd(603098) issued the announcement on the company’s shareholders receiving the warning letter from Beijing regulatory bureau of China Securities Regulatory Commission, saying that after receiving the warning letter, the company’s shareholders New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd., New Hua Du Supercenter Co.Ltd(002264) industrial group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye and Chen Yanhui said they would take it as a warning and seriously learn lessons, Earnestly strengthen the study of relevant laws, regulations and normative documents such as the measures for the administration of the acquisition of listed companies, strictly regulate the trading behavior, actively cooperate with listed companies in information disclosure, and prevent the recurrence of such illegal acts.
is not the first offence. In February, it was also warned by the Shanghai stock exchange for failing to make a timely announcement due to the placard raising
It is worth mentioning that this is not the first time that Chen Fashu has been “concerned” by the regulatory authorities because he did not issue an announcement in time.
According to the information on the official website of the Shanghai Stock Exchange, on February 28 this year, the Shanghai Stock Exchange gave a regulatory warning to New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd. including Chen Fashu and its persons acting in concert. The same reason is that New Hua Du Supercenter Co.Ltd(002264) group and its concerted action person Chen Fashu, as the shareholders of the company, did not stop trading the shares of the listed company and disclosed the report on changes in equity in time when the total shares with interests reached 5% of Center International Group Co.Ltd(603098) issued shares. The Shanghai Stock Exchange gave a regulatory warning to New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd. and its person acting in concert, Chen Fashu.
The Shanghai Stock Exchange said that it was found that Center International Group Co.Ltd(603098) successively disclosed the relevant announcements of changes in shareholders’ equity and illegal increase of holdings on January 1 and January 15, 2022 The total number of shares held by the company (hereinafter referred to as the “group”) before December 2024 accounted for 72.264% of the total share capital of the company. On December 6, 2021, Chen Fashu, the person acting in concert of New Hua Du Supercenter Co.Ltd(002264) group, increased his shareholding of 1.5 million shares of the company, and New Hua Du Supercenter Co.Ltd(002264) group and its person acting in concert held a total of 27257200 shares, accounting for 5.06% of the total share capital. When his shareholding reached 5%, he failed to stop trading and disclose the report on changes in equity in time.
The Shanghai Stock Exchange further pointed out that on December 7 and 8, 2021, Chen Fashu continued to buy a total of 726500 Center International Group Co.Ltd(603098) shares, accounting for 0.135%, and sold Shanghai Pudong Development Bank Co.Ltd(600000) shares, accounting for 0.111%, on December 29. On December 29, 2021, New Hua Du Supercenter Co.Ltd(002264) group bought Shanghai Pudong Development Bank Co.Ltd(600000) shares of the company, accounting for 0.111%. The above shareholders did not disclose the simplified equity change report until January 1, 2022. The total shareholding of New Hua Du Supercenter Co.Ltd(002264) group and its concerted actors reached 5.2% of the total share capital of the company.
The Shanghai Stock Exchange said that in view of the above violation facts and circumstances, the Center International Group Co.Ltd(603098) shareholder New Hua Du Supercenter Co.Ltd(002264) Industrial Group Co., Ltd. and its person acting in concert Chen Fashu were given a regulatory warning in accordance with relevant regulations.
Center International Group Co.Ltd(603098) share price rose by more than 470% in 2021, and net profit in the first three quarters of last year decreased by 39.03% year-on-year
Public information shows that Chen Fashu made a fortune by reselling wood from rural forest farms to Xiamen; In 1987, Chen Fashu started his business in Xiamen and opened ” New Hua Du Supercenter Co.Ltd(002264) department store” in Fuzhou in 1995; In 1998, Chen Fashu established New Hua Du Supercenter Co.Ltd(002264) group; In 2018, Chen Fashu ranked first in Fuzhou with a wealth of more than 35 billion yuan.
Chen Fashu is also a super “niusan” in the capital market. He once invested in Zijin Mining Group Company Limited(601899) ( Zijin Mining Group Company Limited(601899) ) to earn hundreds of times and become famous in one fell swoop. Then he invested in Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) ) and China Tourism Group Duty Free Corporation Limited(601888) ( China Tourism Group Duty Free Corporation Limited(601888) ) and made a lot of profits. The company’s top ten shareholders are and .
Center International Group Co.Ltd(603098) , which Chen Fashu has repeatedly bought, is a “Bull Stock” in the A-share market in 2021. Data show that Center International Group Co.Ltd(603098) increased by more than 470% in 2021, reaching 470.84%.
According to the data, in terms of business, Center International Group Co.Ltd(603098) provides integrated services for the design, manufacture, installation and construction of high-end metal building envelope system, sound barrier system and steel structure engineering. The former sente (Beijing) International Construction System Co., Ltd., which is affiliated to the group, mainly undertakes the metal roof and wall system of large public buildings such as new steel structure high-speed railway station, convention and Exhibition Center, Expo exhibition hall, cultural stadium, airport terminal building and transportation hub.
Although the performance of the capital market is considerable, the performance of Center International Group Co.Ltd(603098) in recent two years is not optimistic. According to the data, the net profit attributable to the parent company (hereinafter referred to as “net profit”) decreased year-on-year in Center International Group Co.Ltd(603098) 2019 and 2020.
In 2019, Center International Group Co.Ltd(603098) net profit was 213 million yuan, down 3.44%. In 2020, Center International Group Co.Ltd(603098) net profit was 182 million yuan, a sharp decrease of 14.15%.
In the first three quarters of 2021, Center International Group Co.Ltd(603098) revenue and net profit both declined. Among them, the revenue was 2.090 billion yuan, a year-on-year decrease of 4.98%. The net profit was 85 million yuan, down 39.03% year-on-year.
