2021-02-27

Five A-share companies were investigated in the first two months of the year! More than 280,000 shareholders can be affected, who can claim compensation?

By yqqlm yqqlm

China-Singapore Jingwei Client, February 27th (Dong Wenbo) In the beginning of the year, the supervision continued to be strict. In addition to various letters and penalties, the Securities Regulatory Commission directly took action. As of the last trading day in February (26th), a total of 5 listed companies including *ST Yonglin, *ST Xinyi, Guangzhou Langqi, Beijing Culture, and Tianhai Defense have been investigated by the China Securities Regulatory Commission. 280,000 shareholders.

Five A-share companies were investigated in the first two months of the year! More than 280,000 shareholders can be affected, who can claim compensation?

5 companies including Beijing Culture The company was filed for investigation

After the market closed on February 22, *ST Yonglin (formerly Yongan Forestry), which was listed for nearly 30 years, issued an announcement stating that it had received the “China Securities Regulatory Commission Investigation Notice” because Suspected of information disclosure violations of laws and regulations, the China Securities Regulatory Commission decided to file an investigation against the company.

Dating back to May 2020, *ST Yonglin announced the “Decision on Ordering Corrections and Ordering Public Explanation Measures against Fujian Yongan Forestry (Group) Co., Ltd.” issued by Fujian Securities Regulatory Bureau It is shown that *ST Yonglin used the means of inflating revenue, confirming revenue in advance and delaying carryover costs, resulting in an inflated net profit of 788,0072.70 yuan in 2016, accounting for 6.41% of the net profit of the year; in 2017, the inflated net profit was 27436740.10 yuan, Accounted for 39.91% of net profit for the year.

Similarly to *ST Yonglin, the CSRC has filed a case for investigation for “suspicion of violations of information disclosure,” as well as *ST Xinyi, Guangzhou Langqi, who is “running” with washing powder, and “The Wandering Earth”. “Beijing Culture” is the producer of films such as “My Hometown and Me”.

On the first working day of the year (January 4), Beijing Culture suffered a one-character limit, and the limit was again staged the next day, due to multiple announcements previously issued. On the evening of January 3, Beijing Cultural Announcement stated that the company received the “Investigation Notice” on December 31, 2020. Due to suspected violations of information disclosure laws and regulations, the Securities Regulatory Commission decided to file an investigation against the company; another announcement on the same day showed that due to financial The letter was inaccurate and the internal control design was flawed. Beijing Culture and related personnel received a warning letter from the Beijing Securities Regulatory Bureau.

Beijing Securities Regulatory Bureau pointed out that the financial information disclosure of Beijing Culture’s 2018 annual report was inaccurate. The operating income was about 460 million yuan and the net profit was about 191 million yuan. There were defects in the internal control design and implementation. There are major problems in the management of subsidiaries, the control of prepayments and investment funds, and project management.

In addition, after trading on January 25, Tianhai Defense, the first listed ship technology company in A-shares, announced that it was investigated by the Securities Regulatory Commission for suspected violation of relevant securities and futures laws and regulations. On January 26, Tianhai Defense closed down 14.67% to 5.12 yuan, which was cut from the record high of 12.90 yuan set in September 2020, and the total market value fell below 10 billion yuan.

According to Wind statistics, as of now, the number of shareholders of *ST Yonglin, *ST Xinyi, Guangzhou Langqi, Beijing Culture, and Tianhai Defense are 13,902, 24763, 36720, 86921 households, 119028 households, a total of 281334 households.

In the stock bar, investors continued to complain about these five companies. Some people called “garbage companies, specializing in defrauding shareholders’ money” and “it was scammed by this company”; others said, “I’m trapped, it’s hard to ride a tiger.” ; Some people chanted “claim for compensation, hoping to compensate for my loss”!

Five A-share companies were investigated in the first two months of the year! More than 280,000 shareholders can be affected, who can claim compensation?(1)

Which investors can How about initiating a claim? According to Mr. Xu Feng from Shanghai Jiucheng Law Firm, according to the law and judicial interpretation, preliminary judgment is to buy *ST Yonglin stock before February 23, 2021, and sell or continue after February 23, 2021 Holding investors can initiate claims.

At the same time, Xu Feng believes that the Beijing Cultural Stock will be bought between March 22, 2019 and April 29, 2020, and it will be sold or held after April 29, 2020. Investors who have lost money in cultural stocks can initially prepare to file a claim; investors who bought Tianhai Defense stocks before January 26, 2021, and sold or continue to hold Tianhai Defense stocks after January 26, 2021 can initiate Claim.

For *ST Xinyi and Guangzhou Langqi, Li Heliang’s lawyer team stated that it has initially confirmed that it will buy *ST Xinyi stock before May 28, 2020, and after May 26, 2020 Lost investors who sell or hold can participate in the claim; buy Guangzhou Langqi before September 27, 2020 (including the day), and sell or hold after September 28, 2020, and there is a loss of investment The person can file a claim. (Zhongxin Jingwei APP)

(The opinions in the text are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)

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