news

The China Securities Regulatory Commission took action and the doubling bull stock Guozhong Water was filed for suspected illegal information disclosure

2024-08-23

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

The current hot stock Guozhong Water Group has been filed a case by the China Securities Regulatory Commission for suspected illegal and irregular information disclosure.

Guozhong Water announced today that the company and its shareholders received a notice of filing a case against the China Securities Regulatory Commission. The company and its shareholder Pengxin Group were suspected of violating laws and regulations in information disclosure. According to the Securities Law of the People's Republic of China, the Administrative Penalty Law of the People's Republic of China and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company and its shareholder Pengxin Group.

The announcement also mentioned that at present, the company's various production and business activities are proceeding normally. During the investigation, the company will actively cooperate with the investigation of the China Securities Regulatory Commission and strictly fulfill its information disclosure obligations in a timely manner in accordance with the provisions of relevant laws and regulations and regulatory requirements.

It is worth mentioning that after announcing its plan to acquire Beijing Huiyuan Food and Beverage Co., Ltd. on July 22, Guozhong Water Group has become a hot stock in the market recently.

On the evening of July 22, Guozhong Water issued an announcement stating that the company is planning to acquire shares of Zhuji Wenshenghui. 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, becoming its controlling shareholder and the controlling shareholder of Beijing Huiyuan.

Boosted by the favorable news of cross-border acquisition, the share price of Guozhong Water has been sought after by the market. As of today's closing, the share price has risen by 140% since July 22, with a share price of 3.72 yuan per share, and a total market value of more than 6 billion yuan. It is worth noting that the stock has a strong daily limit today, with more than 110,000 orders for the daily limit.

Although the specific information disclosure violations involved have not been disclosed this time, two recent information disclosure issues of Guozhong Water Group have been criticized by the market.

On the one hand, the share price of Guozhong Water rose to the daily limit before the reorganization plan was disclosed, and some investors questioned whether the good news was leaked. On July 22, the company's share price rose to the daily limit, and the stock traded 195 million yuan that day. Subsequently, the share price rose to the daily limit for 6 consecutive days. After the market closed on July 22, the company announced the good news of the cross-border acquisition of Huiyuan Juice.

In addition, the company's errors in the announcement also attracted high attention from the market. On the evening of July 24, Guozhong Water issued a supplementary announcement on the planning of major asset restructuring matters, stating that after self-examination, it was found that the basic information of other agreement parties in the previously disclosed restructuring announcement, "Zhuji Wenhui Shengyuan Enterprise Management Co., Ltd.", was wrong, and the company corrected the information.

For the company's shareholder Pengxin Group, this is the second time that a case has been filed within the month. On August 14, Pengdu Agriculture and Animal Husbandry announced that the company and its controlling shareholder Pengxin Group received a "Notice of Case Filing" issued by the China Securities Regulatory Commission for suspected information disclosure violations.

Pengxin Group currently holds three A-share listed companies, namely Guozhong Water, Pengdu Agriculture and Animal Husbandry, and Pengxin Resources. Pengdu Agriculture and Animal Husbandry, the largest listed company in the "Pengxin Group" in terms of revenue, has now reached the point of delisting.