After a lapse of 9 days, Yu Jianwu, chairman of Sundy Land Investment Co.Ltd(600077) and other current directors and supervisors have made new progress in giving up stock returns!
On the evening of April 6, Sundy Land Investment Co.Ltd(600077) announced that the bank account of the company had received all the proceeds given up by the current directors, supervisors and Gao, totaling 271372 million yuan.
However, what has attracted much attention is that the Shanghai Stock Exchange has yet to reply to the company’s two-phase employee stock ownership plan and the proposed advance of RMB 1.6 billion to participate in the construction and operation of a salt lake lithium extraction project in Argentina.
Data show that at the close of April 6, the company’s share price was reported at 4.84 yuan / share, more than 30% lower than the closing price on March 22.
give up earnings
Since March, Sundy Land Investment Co.Ltd(600077) share price has soared all the way. After going out of the seven board market, the company announced on the evening of March 22 that in 2018, the company disclosed that it had completed the purchase of 330287 million shares under the employee stock ownership plan in 2018. On March 22, 32429200 shares of the ESOP were sold.
The company said that there was uncertainty about whether to sell further in the future.
On the evening of March 23, the company announced that the employee stock ownership plan was sold and terminated in 2018. On the same day, Sundy Land Investment Co.Ltd(600077) received the regulatory attention letter from Zhejiang securities regulatory bureau and the regulatory work letter from Shanghai Stock Exchange.
Zhejiang Securities Regulatory Bureau requires Sundy Land Investment Co.Ltd(600077) to explain the selling decision-making process of the employee stock ownership plan in 2018, provide the selling transaction flow, and explain whether there is a selling plan for the employee stock ownership plan in 2016 in the near future.
Shanghai stock exchange requires Sundy Land Investment Co.Ltd(600077) to further verify the specific reduction of two phases of ESOP, including but not limited to the composition and shareholding of ESOP holders, the specific time point, quantity and price of reduction, etc.
On the evening of March 28, Sundy Land Investment Co.Ltd(600077) announced that the current directors, supervisors and senior managers Yu Jianwu, Wang Qinghua, Chen Zhenning, Xiao Jianke, Zheng Xiliang, Zhu Jin and Li Jinxing voluntarily gave up the actual contribution share of the employee stock ownership plan in 2018, with a total income of 27.2 million yuan, which was handed over to the Management Committee of the employee stock ownership plan.
Sundy Land Investment Co.Ltd(600077) said that the above funds will be used to supplement the company’s working capital and support the company’s business development.
regulatory attention to letter Phi violations
China Securities News · China Securities Taurus reporter noted that during the soaring stock price, Sundy Land Investment Co.Ltd(600077) xinphi was not timely and had major omissions and violations.
According to the decision on Issuing warning letters to Sundy Land Investment Co.Ltd(600077) and relevant responsible persons issued by Zhejiang securities regulatory bureau, on March 23, Sundy Land Investment Co.Ltd(600077) disclosed the announcement on the completion and termination of the employee stock ownership plan in 2018, and the employee stock ownership plan sold all 33028700 shares on March 22 and 23.
However, it was announced on March 27 that the company’s 2018 employee stock ownership plan committee decided to sell the shares of the employee stock ownership plan on March 8.
During the period, the inquiry letter of Shanghai stock exchange requires Sundy Land Investment Co.Ltd(600077) to self inspect the subsequent reduction arrangements of relevant parties and make an announcement within 5 trading days. The company issued the delayed reply announcement on March 18 until it issued some reply announcements on March 27.
From March 14 to March 22, the company’s shares rose for seven consecutive trading days. During the stock trading change, the company issued abnormal fluctuation announcements and risk warning announcements for many times, but did not prompt the reduction arrangement of the employee stock ownership plan.
Zhejiang securities regulatory bureau said that the company’s information disclosure was not timely and there were violations of major omissions. Yu Jianwu, chairman and President of the company, and Zheng Xiliang, Secretary of the board of directors, shall bear the main responsibility for the above violations. Zhejiang securities regulatory bureau shall take the supervision and management measures of issuing a warning letter and record it in the integrity file.
On April 1, the Shanghai Stock Exchange disclosed that the information disclosure of Sundy Land Investment Co.Ltd(600077) share price change and risk warning announcement was untrue and incomplete, and the Shanghai Stock Exchange has issued a letter of intent for disciplinary action to the company and relevant responsible persons.
China Securities News · China Securities Taurus reporter noted that the Shanghai Stock Exchange has repeatedly announced the delayed reply to the company’s two-phase employee stock ownership plan and the relevant inquiry letter about the proposed advance of RMB 1.6 billion to participate in the construction and operation of a salt lake lithium extraction project in Argentina.
Source: Announcement
In the announcement on March 31, the company said that at present, in view of the need for further verification and improvement of relevant matters, it is temporarily unable to reply and disclose within the specified time.
