A few years ago, stocks fell below the face value of 1 yuan to trigger delisting. After “stopping” for a period of time, now some companies may fall into the edge of “delisting” because of this situation.
On January 14, the share price fell by the limit and closed at Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) of 1.07 yuan. On the same day, major bad news was exposed, and the company and the actual controller had been filed by the Public Security Bureau. Previously, the company has been identified as financial fraud by the CSRC.
By the end of the third quarter of 2021, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shareholders had 24100 households.
worse: financial fraud was filed by the public security department
On January 14, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) disclosed the public security department’s announcement on filing a case because of frequent tips on delisting risk due to financial fraud. According to the announcement, on January 14, 2022, we received the notification of case filing sent by Xinjiang securities regulatory bureau. Tacheng Public Security Bureau informed Xinjiang securities regulatory bureau that for the case of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) transferred by him and Huang Wei suspected of illegal disclosure and non disclosure of important information, Tacheng Public Security Bureau believed that it met the filing standards and has now filed a case for investigation. Huang Wei is the actual controller of the company.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) said that the company and Huang Wei would actively cooperate with the investigation, carefully evaluate the impact on the company and its actual controllers, and fulfill the obligation of information disclosure in strict accordance with relevant laws, regulations and regulatory requirements.
the share price fell by the limit in advance, approaching 1 yuan
After being recognized as financial fraud by the CSRC in October 2021, the share price of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) continued to fall by the limit, and continued to fall.
On January 14, before the public security case was exposed, the share price of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) fell by the limit and closed at 1.07 yuan, getting closer and closer to the face value of 1 yuan.
If there are two more limits, the share price will fall below the face value of 1 yuan. If the closing price is lower than the face value of RMB 1 for 20 consecutive trading days, the face value delisting clause will be triggered.
netizen: will delisting voting begin next week?
Many netizens in the stock bar are also worried that the company will face delisting.
Recently, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) and Tangtang accounting firm, which was punished for helping it fake, also appeared on the financial channel of China Central Television and the column of world finance and economics of China Central Television.
According to the investigators of the CSRC in the program: Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) entrusted Yangyun technology, a subsidiary in Shenzhen, to sign a factoring agreement with a factoring company in Shenzhen. It transferred a historical other receivable of more than 230 million yuan to the factoring company at a premium of 266 million yuan, and paid it a factoring amount of 75.9 million yuan on the book of the first factoring company, They recognized non operating income accordingly.
The director of Tangtang Institute and the new signing accountant did not further verify the situation with the debtor. In the case of fraud risk, they only implemented one letter of confirmation procedure, but the letter of confirmation procedure itself also had certain defects. In this case, he recognized the factoring income, which was more than 70 million yuan. And did not implement sufficient audit procedures for factoring income, so he did not find that Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) factoring business was fictitious.
China Central Television reporter then began to look for Yangyun technology company to undertake 75.9 million yuan factoring business for Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) . As a result, the company could not be found on the address of the public information.
Moreover, the investigators of the CSRC have obtained evidence to confirm that before carrying out the audit, Tangtang accounting firm signed an agreement with the listed company Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) of the audit object and promised not to issue “negative opinions” or “unable to express opinions”; In other words, the audit has not yet started, and the audit opinion has been discussed.
frequently prompt delisting risk
facing high delisting risk
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) itself has also continuously issued the risk warning announcement that the shares may touch the situation of major illegal compulsory delisting and be terminated from listing. It was the 13th time on January 14.
The announcement said that Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) was punished by the CSRC on suspicion of illegal information disclosure. On October 18, 2021, the company received the prior notice of administrative punishment and market prohibition from the CSRC. According to the notice, the company may touch on major illegal forced delisting.
The company falsely increased revenue from 2018 to 2019. After retroactive adjustment, the company may have an operating revenue of less than 10 million yuan for three consecutive years in 2018, 2019 and 2020. According to the relevant provisions of the Listing Rules of Shanghai Stock Exchange (revised in 2018), the company may encounter major illegal compulsory delisting.
As of the disclosure date of this announcement, the company’s production and operation are normal, and the company has not received the formal punishment decision. The company will actively exercise its legal rights such as hearing or statement and defense, safeguard the rights and interests of the company and the majority of investors, and fully cooperate with the relevant work of the CSRC, And timely perform the obligation of information disclosure in strict accordance with the requirements of relevant laws and regulations.
The company said that if the stock price of subsequent companies is lower than 1 yuan / share, the company may face the risk of being terminated due to the daily closing price of 20 consecutive transactions being lower than 1 yuan. As of the date of this announcement, the closing price of the company’s shares is 1.07 yuan / share.
