Xinguang Yuancheng Co., Ltd. announced on January 8, 2020 that it had received the "Administrative Penalty Decision" and "Market Ban Decision" issued by the Anhui Supervision Bureau of the China Securities Regulatory Commission.
As can be seen from the two announcements above, ST Shin Kong has the following violations: 1. Shin Kong Yuancheng failed to disclose related transactions as required. It provided funds to the controlling shareholder under the guise of paying third-party equity acquisition funds without the consent of creditors. under the guise of debt transfer; 2. Xinguang Yuancheng failed to disclose the major guarantees provided to related parties as required. As of May 4, 2019, the principal balance of the illegal guarantee was 275,191,000 yuan; 3. Xinguang The group did not proactively inform Xinguang Yuancheng that it had a concerted action relationship with three asset management products, resulting in Xinguang Yuancheng's relevant periodic reports from 2016 to 2018 failing to truthfully disclose the above-mentioned concerted action relationship and consolidated shareholdings.
In addition, Zhou Xiaoguang and Yu Yunxin , as directors and actual controllers of Shin Kong Yuancheng, instigated and arranged related transactions involving Shin Kong Group’s non-operating use of funds of listed companies, illegal guarantees of listed companies, and joint borrowings, and failed to perform information disclosure obligations, the circumstances are serious. The China Securities Regulatory Bureau decided to ban Yu Yunxin and Zhou Xiaoguang from the securities market for 10 years.
Rights protection claims have officially begun:
According to the " Securities Law " and the "Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Caused by False Statements in the Securities Market", listed companies should bear liability for damage to investors' rights due to false statements. Civil liability for damages.
Flush Rights Protection Platform and lawyer Kong Cong of Zhejiang Fangguang Law Firm determined that the conditions for claiming compensation based on the administrative penalty decision are
Phase 1: bought ST Shin Kong stocks from December 1, 2017 to October 30, 2018. And investors who still hold the stock at the close of trading on October 30, 2018 can register for a claim.
Or, the second stage: Investors who bought ST Shin Kong shares from August 27, 2016 to March 29, 2019, and still held the stock at the close of March 29, 2019, can make a claim. Sign up.
Investors who have not yet registered are recommended to register on the Flush Rights Protection Platform as soon as possible if they meet the early claim conditions.
rights protection tips: The conditions for claiming compensation are ultimately determined by the court. Lawyers are risk agents. Lawyers do not charge any fees from investors before investors receive compensation.
Rights Protection Claim Registration Entrance:
Investors can find the Tonghuashun Rights Protection Platform entrance in the more special services on the homepage of the new version of Tonghuashun APP, or follow the WeChat mini program "Tonghuashun Legal Aid Platform" to register for claims and check the latest rights protection developments!
Claim-related consultation:
intelligent customer service:
QQ: 2036491662 Flush Xiaowei
customer service phone number: 952555 (Listen to the voice prompts and press "1" to enter the stock personal business and then press "2" to select stock rights protection)
working hours: 9:00- 11:30 13:00-17:30
Source: Tonghuashun Rights Protection Platform
Follow Tonghuashun Finance WeChat official account (ths518) to get more financial information