On the evening of the 20th, Haili biological and Sanxia new materials both announced that the actual controller and the chairman of the Board met with compulsory measures.
Haili bio announced that it received a notice from Zhang Haiming, the actual controller and chairman of the company, on November 20, 2020, it received the decision on bail pending trial issued by Jingan branch of Shanghai Public Security Bureau on November 18, 2020. Due to the illegal business case of a company under investigation in Jingan District of Shanghai, according to relevant provisions, it decided to obtain bail pending trial, with the period starting from November 19, 2020.
At the same time, the company received a notice from the family members of Zhou Yusheng, a supervisor, that Zhou Yusheng was detained by Jingan branch of Shanghai Public Security Bureau on October 31, 2020 for suspected job encroachment.
Sanxia Xincai also announced that on November 20, the company received a notice from the family members of Xu Xizhong, the companys chairman and actual controller, that Xu Xizhong was detained by Puning Public Security Bureau of Guangdong Province for his personal suspicion of obtaining loans by fraud.
Xu Xizhong directly holds 207387072 shares of the company, and acts in concert with Hainan zongxuanda Industrial Investment Co., Ltd., the fourth largest shareholder of the company, and Dangyang guozhongan Investment Co., Ltd., the fifth largest shareholder. Xu Xizhong directly holds and controls 326432922 shares of the company, accounting for 28.14% of the total share capital of the company, and is the actual controller of the company.
Xu Xizhong involved in the above matters have nothing to do with the company and its affiliated enterprises, the company has not been adversely affected, and the current production and operation is normal.
Sanxia new material said that in order to ensure the smooth operation and management of the company, the company will hold a board meeting as soon as possible to make corresponding arrangements for the current chairmans inability to perform his duties normally.
Chairman of Sanxia New Material Co., Ltd. was named by Shanghai stock exchange this year
Recently, Haili biological just released the results of controlling shareholders reduction of shares.
Haili bio announced that on November 3, it received a notice letter from Haoyuan venture capital. Haoyuan venture capital reduced its shares of 19.3173 million shares, accounting for 2.9996% of the total share capital of the company, from May 25 to November 2 by means of centralized bidding and block trading. The reduction price was 15.66 yuan / share-32.88 yuan / share.
As of November 2, 2020, Haoyuan venture capital reduction plan has been implemented. After the implementation of the reduction plan, Haoyuan venture capital held 258 million shares of the company, accounting for 40.12% of the total share capital of the company.
In addition, Three Gorges new material company and its chairman and other responsible persons were criticized by the Shanghai stock exchange this year.
The Shanghai Stock Exchange pointed out that on February 12, 2018, Sanxia new materials disclosed the plan for repurchase and cancellation of shares of the company, and planned to buy back the shares of the company with self raised funds within 12 months from the date of the approval of the share repurchase plan by the general meeting of shareholders, with the repurchase amount no less than 100 million yuan and no more than 150 million yuan, and the share repurchase price shall not be higher than 12 yuan per share. However, since then, the actual repurchase amount of Sanxia new materials only accounted for 9.99% of the minimum amount of the repurchase plan, and the original repurchase plan was not completed, and the shares were not actually repurchased during the extension period of the repurchase plan. Three Gorges new materials disclosed that the repurchase amount did not meet the requirements of the repurchase plan, mainly due to the companys lack of funds.
The Shanghai Stock Exchange pointed out that Three Gorges new materials did not implement the repurchase plan according to the disclosed share repurchase plan, and there was a big difference between the actual implementation and the disclosed repurchase plan. After the delay, the buyback plan has not been completed, affecting the reasonable expectations of investors. According to the relevant provisions, the following disciplinary decisions were made: Xu Xizhong, the timely chairman of Hubei Three Gorges new building materials Co., Ltd., and Yang Xiaobing, then director and Secretary of the board of directors, were criticized. The Shanghai Stock Exchange will notify the CSRC of the above disciplinary actions and record them in the integrity files of listed companies.
Among the top ten circulating shareholders of Haili bio at the end of the third quarter of this year, well-known Niu sanzhang Jianping and members of his relatives and friends group still hold a large number of shares. If they have not been sold so far, it will be a huge roller coaster ride.
However, Hailis share price is still higher than the highest price in 2018.
(this article does not constitute any investment suggestions, investors operate accordingly and bear their own risks) source: Daily Economic News Editor: Wang Xiaowu_ NF
(this article does not constitute any investment suggestions, investors operate accordingly and bear their own risks)