The thunder is rolling! Five companies announced late at night!

We also saw that the listed company and its actual controllers were investigated by the Securities Regulatory Commission. This time, five thunderstorms exploded overnight! Yangzi New Materials, *ST Security Control, ST Kao, and ST Remote jointly issued an announcement on the evening of December 29, saying that the China Securities Regulatory Commission decided to open a case for investigation against the company due to alleged violations of laws and regulations in letter disclosure. Among them, Xiao Guoqiang, the actual controller of ST Kao, was also investigated. Different from the above four companies, only Xu Yuansheng, the controller of Hailu Heavy Industry, received the “Notice of Case Filing” from the China Securities Regulatory Commission. The company’s daily business activities are affected.” | Related reading (Shanghai Securities News)

Li Quanlin

Five listed companies or their controllers were filed by the China Securities Regulatory Commission. This time, the so-called “five thunders exploded in one night” were basically planted on “suspected violations of information disclosure laws and regulations”. For listed companies, this is not a rare event. I remember that at the end of November, there was a week when the chairman of the listed company had frequent accidents. Within a week, five chairman of the listed company were investigated, most of them were human beings. The reason for the filing of the case was also a violation of the letter disclosure.

It can be seen from this that the violation of the letter disclosure is indeed a “big thunder” in the operation process of listed companies. If you are not careful, you will touch the bottom line of the law. Second, it also shows that the supervision of my country’s securities market is becoming more and more strict. It’s a good thing for investors.

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