Recently, the China Securities Regulatory Commission issued a penalty notice to Zhao Wei and his wife for allegedly using shell companies to acquire listed companies and other violations. For a time, the media reported overwhelmingly, and there were numerous claims for compensation from shareholders. There were many unsatisfactory events, and Zhao Wei and his wife must have been extremely busy dealing with them.
However, at this critical moment, Zhao Wei suddenly deleted her Weibo in the early morning of November 12, borrowing the content of the "Book of Changes" and saying that the road to simplicity is, "Once we master this road, we will surely be able to control it with simplicity." "Complex". What "road" has
mastered?
posted an inexplicable Weibo post and then deleted it instantly. Is there something fishy? Is it possible to make a comeback?
Zhao Wei just made a statement, but her husband Huang Youlong took practical actions. On the day after the Securities Regulatory Commission issued the penalty notice, Shunlong Holdings announced on the Hong Kong Stock Exchange that Shunlong Holdings learned that the company’s executive director, chairman and controlling shareholder Huang Youlong, and the company’s executive director Zhao Zheng planned to submit statements to the China Securities Regulatory Commission. and defense submissions and request a hearing.
Seeing this, many stock investors who suffered losses in this incident can't help but get angry. It was clearly Zhao Wei and his wife who tried to acquire Wanjia Culture with the shell company Longwei Media. As a result, the acquisition failed and the stock price of the listed company plummeted, which was destructive. You have attracted so many investors, but you still want to find reasons to defend yourself?
In fact, Huang Youlong’s defense was justified because the penalty decision issued by the China Securities Regulatory Commission was notified in advance and was not a final decision. Huang Youlong had the right to defend himself before the decision took effect.
But no matter how you defend it, judging from the current general trend, the China Securities Regulatory Commission made the penalty decision after careful investigation and on the premise of protecting small and medium investors. The chance of Zhao Wei and his wife making a comeback is slim.
So, apart from exercising his due rights, what is the real reason that Huang Youlong is eager to appeal?
Let’s take a look at the CSRC’s administrative penalties and advance notice of market ban. The content includes:
ordered Wanjia Culture to make corrections, gave a warning, and imposed a fine of 600,000 yuan;
gave Kong Deyong a warning and a fine of 300,000 yuan. ;
ordered Longwei Media to make corrections, gave a warning, and imposed a fine of 600,000 yuan;
gave Huang Youlong, Zhao Wei, and Zhao Zheng a warning and imposed a fine of 300,000 yuan each;
issued a five-year securities order to Kong Deyong, Huang Youlong, and Zhao Wei respectively. Market entry ban measures.
Regarding the amount of punishment, the couple’s total amount is only 600,000. If the amount of punishment from Long Wei Media is included, the total is 1.2 million. Considering the net worth of Zhao Wei and his wife, this 1.2 million penalty is insignificant. What really touched their nerves was the adoption of 5-year ban on securities market entry .
According to the "Securities Market Prohibition Regulations", persons who have been banned from the securities market will not be allowed to engage in securities business or hold director, supervisory and senior positions in listed companies or unlisted companies during the ban period. In addition, the invested companies are not allowed to participate in mergers, acquisitions, reorganizations, private placements and other related refinancing businesses of listed companies.
What does this mean?
According to Tianyancha, Zhao Wei currently serves as the legal person of 5 companies, holds equity in 16 companies, holds more than 50% of the shares in 9 companies, and holds management positions in 8 companies.
In other words, in the next five years, none of the companies in which Zhao Wei holds shares will be directly involved in business related to listed companies, and she must immediately stop performing management duties in the above eight companies.
Since the scope of the punishment is targeted at the A-share market, Huang Youlong’s director, supervisory and senior positions in Hong Kong-listed companies will not be affected.
Zhao Wei and his wife may face huge claims
Zhao Wei and his wife's "empty-handed" behavior in Wanjia Culture caused the stock price of Wanjia Culture to skyrocket and plummet, causing a large number of investors to suffer losses.
During this incident, Wanjia Culture suspended trading of in on November 28, 2016. At the time of the suspension, Wanjia Culture's stock price was 18.83 yuan. After resumed trading in on January 12, 2017, Wanjia Culture hit the daily limit for two consecutive trading days, and continued to close higher on the third and fourth trading days, reaching a maximum of 25.00 yuan, an increase of 32.77%.
On February 8, 2017, Wanjia Culture was suspended again. The stock price was 20.13 yuan at the time of the suspension. During the suspension period, it was announced that the shareholder share transfer ratio would be changed from 29.135% to 5%. Trading resumed on February 16, 2017, falling 8.49% on that day and 6.89% on the second trading day.
As of July 21, 2017, the closing price of Wanjia Culture was 9.03 yuan, dropped 63.88% from the highest share price of 25 yuan on January 17, 2017, and dropped 45.20% from the first trading suspension on November 28, 2016.
Wanjia Culture (Xiangyuan Culture) K-line chart
Wanjia Culture’s stock price has been falling all the way from the high point without a decent rebound. Unfortunately, investors who bought around the high point were trapped, unless they were forced to leave the market. , if you want to recover some losses, you can only wait until you can make a claim.
Once the penalty decision takes effect, according to relevant regulations, investors can file a lawsuit against Longwei Media or the listed company. At present, because there are many people involved, the amount of compensation will be relatively large. However, the final amount of compensation for needs to be determined by the court based on the number of investors, scope, amount involved, etc.
Some people may be worried. If the amount of compensation is too large, can the assets of Zhao Wei and his wife afford the compensation?
Regarding this issue, Xiao Z feels that worries are unfounded.
According to Wanjia Culture’s response to an inquiry from the Shanghai Stock Exchange issued on January 12 this year, Ms. Zhao Wei, the actual controller of Longwei Media, and her spouse Huang Youlong invested in Jinbaobao Holdings, Shunlong Holdings, Alibaba Pictures , and Yunfeng Financial , Tangde Film and Television and other listed companies' equity. As of December 31, 2016, the market value of the above-mentioned stocks was approximately 4.522 billion yuan. Of course, in addition to the equity value of these listed companies, the value of other industries of Zhao Wei and his wife is also high.
Finally, Xiao Z would like to say one more old saying: The stock market is risky, so you must be cautious when entering the market. In order for stocks to withstand the storm, the most important thing is to have your own judgment. Chasing hot spots may bring you riches, but it may also cause heavy losses.
More exciting information, all in ZCDxuetang
(Source: Beijing Youth Daily, Securities Daily, Securities Times, Sina Finance)
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