On January 12, Shanxi Taigang Stainless Steel Co.Ltd(000825) announced that the CSRC decided to file a case against Chai Zhiyong, a director of the company, on suspicion of divulging insider information.
Shanxi Taigang Stainless Steel Co.Ltd(000825) according to the announcement, the company received the notice from director Chai Zhiyong on January 11, 2022, and Chai Zhiyong received the notice of filing a case from the CSRC on January 10, 2022. The CSRC decided to file a case against him because he was suspected of disclosing insider information.
△ source: Shanxi Taigang Stainless Steel Co.Ltd(000825) announcement
Shanxi Taigang Stainless Steel Co.Ltd(000825) said that the above matters only involve Chai Zhiyong, and the company’s production and operation activities are normal. The company will continue to pay attention to the progress of the above matters and timely perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations.
Public information shows that Shanxi Taigang Stainless Steel Co.Ltd(000825) is a super large iron and steel complex integrating iron mine mining and iron and steel production, processing, distribution and trade.
In the secondary market, the data show that the share price of Shanxi Taigang Stainless Steel Co.Ltd(000825) performed well in the first three quarters of last year. On September 17, 2021, Shanxi Taigang Stainless Steel Co.Ltd(000825) once rose to 12.81 yuan / share, and the share price soared by more than 346% during the year. However, in the later period, Shanxi Taigang Stainless Steel Co.Ltd(000825) gains fell. As of the closing on January 14, Shanxi Taigang Stainless Steel Co.Ltd(000825) reported 7.08 yuan / share, with a total market value of 40.3 billion yuan.
As of November 30, 2021, Shanxi Taigang Stainless Steel Co.Ltd(000825) had 20800 shareholders.
executives change frequently, and Shenzhen Stock Exchange has issued a supervision letter
It is worth noting that Shanxi Taigang Stainless Steel Co.Ltd(000825) management personnel change frequently in the short term, and the chairman, vice president and marketing director of the company have left successively.
On March 22, 2021, Gao Jianbing resigned as chairman and director of the 8th board of directors of the company, and resigned as a member and convener of the strategy committee of the board of directors of the company.
△ source: Shanxi Taigang Stainless Steel Co.Ltd(000825) announcement
On April 28, 2021, Shang Jiajun resigned as the marketing director of the company.
△ source: Shanxi Taigang Stainless Steel Co.Ltd(000825) announcement
On August 4, 2021, Shanxi Taigang Stainless Steel Co.Ltd(000825) deputy general manager Zhao Shukun resigned.
△ source: Shanxi Taigang Stainless Steel Co.Ltd(000825) announcement
On January 7, 2022, Shanxi Taigang Stainless Steel Co.Ltd(000825) the chairman of the board of supervisors submitted a written resignation report to the company.
△ source: Shanxi Taigang Stainless Steel Co.Ltd(000825) announcement
In addition to the frequent changes of senior executives, Shanxi Taigang Stainless Steel Co.Ltd(000825) also received the supervision letter issued by Shenzhen Stock Exchange in November 2021.
△ source: Official Website of Shenzhen Stock Exchange
According to the supervision letter, as of October 29, 2021, Shanxi Taigang Stainless Steel Co.Ltd(000825) and five related parties including Shanxi Coking Coal Energy Group Co.Ltd(000983) Group Co., Ltd. and Ouye yunshang Co., Ltd. had actually incurred daily related party transactions of RMB 11.376 billion this year, exceeding the estimated amount at the beginning of the year by RMB 2.025 billion, accounting for 6.15% of the company’s latest audited net assets.
Shanxi Taigang Stainless Steel Co.Ltd(000825) failed to timely perform the review procedures and information disclosure obligations for daily connected transactions exceeding the expected amount. The company did not perform the review procedures and disclosure obligations of the board of directors until October 29, and plans to submit them to the general meeting of shareholders for review. The above acts violate the relevant regulations of Shenzhen Stock Exchange.
Shenzhen Stock Exchange proposes that Shanxi Taigang Stainless Steel Co.Ltd(000825) the board of directors should pay full attention to the above problems, learn lessons, make timely rectification and prevent the recurrence of the above problems
