Shanghai stock Exchange to give regulatory warning and criticism, Haohua energy damaged investors can claim

2022-06-26 0 By

On February 10, Shanghai Stock Exchange issued a regulatory warning and a notice of criticism to haohua Energy (601101) due to violations in the performance of its duties.According to the Shanghai Stock Exchange, the company has been found to have violated the following rules in information disclosure: first, the amount of resources allocated to the target of the company’s acquisition was not disclosed accurately;Second, there were major errors in the company’s periodic reports from 2015 to 2018, and the financial information disclosure was inaccurate.In this regard, the Sse gave supervision warning to Haohua Energy’s then chairman Guan Zhisheng, director, secretary of the board and chief Financial Officer Gu Zhonghe, supervisor Wang Jianchang, Feng Jun, Ji Yangrui, Xue Zhihong, Li Hongwei, and Chief Financial officer Zhao Bing.The then director and general manager Zhang Wei, the then directors Wang Wengang, Zhang Zhongmin, Fu Henian, Li Yongjin, Kan Xing, Yu Fuguo, and the then independent directors Tian Hui, Zhang Shenghuai, Yang Youhong, Ren Huaixiu and Liang Junping were criticized in a circular.As early as July 28, 2021, SSE publicly condemned Haohua Energy and its responsible persons for the above violations.In addition to being disciplined by the Shanghai Stock Exchange, on November 11, 2021, Beijing Securities Regulatory Bureau made inaccurate disclosure of the resource allocation amount of Haohua Energy’s acquisition target, resulting in false records of violations in the company’s annual reports for 2015, 2016, 2017 and 2018, and imposed administrative penalties on Haohua Energy and relevant responsible persons respectively.According to the general procedure of securities litigation, the court accepts investors’ claim litigation only after the administrative punishment of CSRC is handed down.The Beijing Financial Court accepted haohua energy investors’ claim in April 2021.According to the relevant judicial interpretation, Wu Lijun, a lawyer from Shanghai Oriental Cambridge Law Firm, advised that any impaired investors who bought Haohua Energy between February 11, 2015 and December 27, 2019 and still held the shares at the close of trading on December 27, 2019 can use the public account of “Dazhong Securities News” (18018) sign up and participate in the claim.According to haohua Energy’s latest announcement, from April 22, 2021 to February 11, 2022, according to the company received the relevant civil lawsuit “notice of response” and relevant legal documents, as well as the relevant withdrawal order, a total of 436 plaintiffs sued the company’s false statement liability dispute cases,The total amount of the lawsuit claims is 91.4231 million yuan.Haohua energy said that as the aforementioned cases have not been concluded, it is not possible to determine the specific amount of impact on the company’s profits in the current period or after the period.Reporter Xiao Hongjuan