On the evening of December 18, *ST Caesars (000796) announced that due to the implementation of the reorganization plan of *ST Caesars and its six subsidiaries to convert capital reserve into share capital, the company's ** suspended trading for one trading day on December 19, 2023, and will resume trading on December 20, 2023.
According to *ST Caesar's previous disclosure, after the completion of this equity change, Huanhai Bay Cultural Tourism will hold about 21.8 billion shares, accounting for 13 of the company's total share capital (after the cancellation of the repurchase treasury shares is completed).62%；Rubicon** will hold approximately 54.6 million shares of the company, representing 340%, Rubicon River ** will hold ** voting rights uncharged, unconditional and irrevocably entrusted to Huanhai Bay Cultural Tourism, the two constitute a concerted action relationship, and the two hold a total of 1702%。The controlling shareholder of the company will be changed to Huanhai Cultural Tourism, and the actual controller will be changed to the State-owned Assets Operation and Development Center of Shibei District, Qingdao City.
In addition, *ST Caesars is also facing claims from damaged investors. In September 2023, the company and its actual controller were investigated by the CSRC on suspicion of violating the disclosure rules. Some investors filed a civil lawsuit against the company on the grounds of a dispute over liability for misrepresentation.
Wu Lijun, a lawyer at Shanghai Haihui Law Firm, said that any injured investor who held *ST Caesar** before April 28, 2023 may have the right to claim compensation. Eligible investors can register for participation through the official account "Dazhong ** Daily" (feature code: 18). The final claim conditions are subject to the court's determination.