According to statistics, since March this year, 91 A-share companies have been punished for violations, including 17 ST shares, accounting for 18.68%. Compared with the past, the cost of individual stock violations is no longer the top penalty of Shanghai Pudong Development Bank Co.Ltd(600000) yuan. In this month's violations, four companies fined more than one million yuan.
From the perspective of violations, the 91 companies were punished by the CSRC, Shanghai and Shenzhen Stock Exchange and other processors for inaccurate or untimely performance prediction results, false or seriously misleading information disclosure, failure to perform other duties in accordance with the law, and failure to disclose major matters in time.
Among them, 10 companies were fined for violations, with a cumulative fine of 219423 million yuan. Types of violations include: failure to disclose major events of the company in time, inaccurate or untimely performance prediction results, false or seriously misleading statements or other problems in information disclosure; The sanctions issued involve fines, warnings, orders for correction and administrative penalties.
The reporter of Dazhong Securities News noted that among the illegal companies, the number of ST shares reached 17, accounting for 18.68% of the number of illegal companies. Among them, Egls Co.Ltd(002619) became the first delisting stock with par value in the year, and the company ushered in the last trading day on March 31. According to the disk, on March 31, Egls Co.Ltd(002619) continued to fall by the limit, and the company's share price closed at 0.56 yuan / share. In this regard, Egls Co.Ltd(002619) also disclosed that as of March 31, 2022, the closing price of the company's shares had been lower than 1 yuan for the 20th consecutive trading day (March 4, 2022 - March 31, 2022), and had touched the trading delisting provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022). In addition, Egls Co.Ltd(002619) due to the occupation of funds and illegal guarantee, the financial and accounting report of 2020 has been issued with an audit report that cannot express an opinion.
"The new delisting regulations officially released at the end of 2020 have significantly improved the scientificity of delisting standards and the efficiency of delisting process. Under the opportunity of registration system reform, the market environment will strengthen the survival of the fittest and improve the clearing efficiency of quality companies." As for a shares, a market person told the reporter of Dazhong securities news that with the continuous deepening of the reform of the registration system and the normalization of the rhythm of issuance and registration, the delisting risk of ST shares deserves high attention.
It should be mentioned that in February 2022, the Shanghai and Shenzhen Stock Exchange, the Beijing stock exchange, the national stock transfer company and China Clearing issued the implementation measures on the listing and transfer of delisted companies into the delisting sector, which clarified the scope of application and the responsibilities of all parties, institutionalized the undertaking mechanism of the host securities firm, further compacted the "gatekeeper" responsibility of intermediaries, and improved the supervision of listed companies after delisting.
Caitong Securities Co.Ltd(601108) investment strategy analyst Li meicen said: "while the registration system accelerates the listing speed, the delisting system can ensure the survival of the fittest of Listed Companies in the capital market, so as to ensure the stability and long-term development of the capital market. While improving the delisting system, attention should be paid to the protection mechanism for the rights and interests of minority shareholders. The current delisting consolidation period and the implementation measures on the listing and transfer of delisted companies in the delisting sector" It provides time for minority shareholders to deal with it and guarantees the subsequent share transfer. At the same time, in the case of compulsory delisting of listed companies due to major violations of laws, investors can seek civil relief or compensation through judicial channels. " Reporter Zhang Jian
