After several trading days of stock price decline, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) stock price fell below 1 yuan for the first time this year, becoming the lowest listed company in the two cities.
As of the closing on January 18, the company’s share price closed at 0.97 yuan / share. Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) may face the risk of forced delisting because the closing price is lower than RMB 1 for 20 consecutive trading days.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) in the last week, it successively issued a number of announcements, disclosing that Huang Wei, the company and the actual controller, was suspected of illegal disclosure and non disclosure of important information, which was filed for investigation by the public security department; In addition, the company has not yet hired an annual report auditor, so it has received a regulatory letter.
This has also aroused the concern of investors. The stock price of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) continues to decline. How to protect the legitimate rights and interests has become a top priority. In this regard, Lawyer Wang Zhibin of Shanghai Minglun law firm told the reporter of Securities Daily that “after the formal punishment of the CSRC is implemented or the criminal judgment takes effect, investors can sue the listed company and its actual controller and ask them to bear the liability for compensation.”
However, some investors worry that even if they file a lawsuit, the company’s solvency cannot be guaranteed.
On January 15, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) announced that it had received the notice of filing a case from Xinjiang regulatory bureau of China Securities Regulatory Commission.
“The filing of the case by the public security organ shows that the main evidence of the crime has been clear. In this case, the company and Huang Wei are very likely to be sentenced. Huang Wei has been listed as a criminal suspect together with the company, and he is very likely to bear joint and several liability.” In an interview with the Securities Daily, lawyer Yang Zhaoquan, director of Beijing Weinuo law firm, said that investors can start the preparation of claims. After the relevant criminal judgment is issued, they can apply to the court for the filing of compensation proceedings. The CSRC transferred the case to the public security department to explain the seriousness of the illegal circumstances of the false statement case.
The “bad news” that worried investors continued to appear in the next few days.
According to the announcement on January 17, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) received the supervision letter from Shanghai Stock Exchange, asking that the company has not hired the 2021 annual audit accountant at present, and there is a risk that it will not disclose the periodic report on schedule and be terminated from listing.
Yang Zhaoquan said, “in the claim litigation in this case, investigating the joint and several liability of other responsible persons will be of great help to improve the compensation rate and reduce the litigation risk.”
The operating condition of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) is not optimistic, which also makes investors worried. Even if a lawsuit is filed after the punishment is implemented, it is unknown whether the company has the ability to compensate investors. In this regard, Yang Zhaoquan told the Securities Daily that although Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) has a poor operating condition, which will have an adverse impact on the claims, if other major shareholders of the company join the reorganization, the major shareholders will arrange the claims of investors.
In addition to Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) , a number of listed companies said they had been filed for investigation this year. From the types of suspected violations of these companies, “failure to disclose information as required” is the main reason for being filed for investigation. These companies under investigation also remind investors that if the company is suspected of violating laws and regulations, is filed for investigation by the CSRC or is subject to administrative punishment by the CSRC, and may involve major illegal compulsory delisting, the company’s shares may be subject to the risk of delisting.
