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As a strong stock in the recent market, Guozhong Water Group (600187) once again showed a daily limit trend on August 23. Among the five trading days this week, Guozhong Water Group closed at the daily limit three times.

After the close of trading on August 23, Guozhong Water Group issued an announcement that the company and its shareholder Shanghai Pengxin (Group) Co., Ltd. (hereinafter referred to as "Pengxin Group") received a "Notice of Case Filing" issued by the China Securities Regulatory Commission on August 23. The company and its shareholder Pengxin Group were suspected of violating laws and regulations on information disclosure. According to relevant laws and regulations, the China Securities Regulatory Commission decided to file a case against the company and its shareholder Pengxin Group.

Guozhong Water said that currently, the company's production and business activities are proceeding normally. During the investigation, the company will actively cooperate with the China Securities Regulatory Commission's investigation and strictly fulfill its information disclosure obligations in a timely manner in accordance with the provisions of relevant laws and regulations and regulatory requirements.

Recently, the secondary market share price of Guozhong Water has performed well. If we count from the lowest price of 1.3 yuan/share on June 25 to the interim high of 3.82 yuan/share on August 22, the stock's maximum increase in the past two months reached 193.85%. In particular, from July 22 to July 30, Guozhong Water closed at the daily limit for seven consecutive days. As of the close of August 23, Guozhong Water reported at 3.72 yuan/share, up 0.34 yuan, or 10.06%.

It is worth mentioning that Guozhong Water announced on the evening of July 22 that the company intends to pay cash to acquire the registered capital of Zhuji Wenshenghui held by Shanghai Yongrui of no less than 232 million yuan. After the acquisition is completed, the company will hold a total registered capital of Zhuji Wenshenghui of no less than 816 million yuan, accounting for no less than 51% of the registered capital of the target company, thus becoming the controlling shareholder of Zhuji Wenshenghui and the controlling shareholder of Beijing Huiyuan. Since 2022, the company has acquired 36.486% of the shares of Zhuji Wenshenghui, a holding platform company established by Wensheng Assets to participate in the reorganization of Beijing Huiyuan, three times, and indirectly holds 21.89% of Beijing Huiyuan after the acquisition.

According to the announcement of Guozhong Water, Beijing Huiyuan holds some assets of China Huiyuan Juice Group Co., Ltd. (hereinafter referred to as "the original Huiyuan Group"). After the reorganization, the orchard planting base and most of the production lines are still under the original Huiyuan Group. Beijing Huiyuan currently adopts a light asset operation model and still mainly relies on OEM production.

Guozhong Water announced on the evening of August 22 that as of the date of disclosure, the reorganization was still in the planning stage, and the audit, evaluation, legal, financial advisory and other due diligence work involved in the transaction had not yet been completed. The company and the counterparty and relevant parties were still communicating, negotiating and prudently demonstrating the core issues of the transaction plan. No formal agreement has been signed yet, and there is uncertainty as to whether it can be implemented in the end and the specific progress of implementation.

Guozhong Water has disclosed limited public information so far, and it is unclear why Guozhong Water and its shareholder Pengxin Group were investigated. However, it should be pointed out that during the investigation, the restructuring that Guozhong Water is planning may be affected.

Liu Guohua, director of Guangdong Benben Law Firm, said that according to the latest judicial interpretation of the Supreme People's Court, the "Notice of Case Filing", relevant announcements and other materials, the injured investors can claim compensation from the false statement actors such as Guozhong Water Group and Pengxin Group. The claim conditions are tentatively set as follows: injured investors who bought Guozhong Water Group shares before August 23, 2024, and sold or continued to hold the shares after August 24, 2024. The final claim conditions will be determined by the effective judgment of the court.