After 13 months, the case of *ST Sansheng (300282) suspected of violating the letter disclosure has been investigated by the CSRC. On the evening of December 12, *ST Sansheng announced that the company recently received the "Prior Notice of Administrative Punishment" issued by the Beijing Securities Regulatory Bureau.
After investigation, the facts of *ST Sansheng's suspected violation of the law are as follows: 1. Failure to disclose the illegal guarantee in a timely manner;2. There are major omissions in the 2020 annual report and the 2021 semi-annual report;3. There are false records in the 2020 annual report and the 2021 semi-annual report.
In this regard, the Beijing Securities Regulatory Bureau intends to decide: to give a warning to *ST Sansheng and impose a fine of 1.1 million yuan;Lin Rongbin, the chairman of the board at the time, was given a warning and fined 1.9 million yuanCao Lei, the deputy general manager at the time, was given a warning and fined 600,000 yuan.
In view of the penalties issued by the China Securities Regulatory Commission, Wu Lijun, a lawyer at Shanghai Haihui Law Firm, said that all damaged investors who have ***ST Sansheng** during the period from December 23, 2020 to April 27, 2022, and still hold the ** on April 27, 2022**, can register and participate in the claim through the official account "Dazhong ** Bao" (feature code: 18). The final claim conditions are subject to the court's determination.
In fact, *ST Sansheng's problems don't stop there. In October this year, *ST Sansheng disclosed that the company, the company's chairman Dai Debin and former chairman Lin Rongbin received the "Notice of Case Filing" issued by the China Securities Regulatory Commission, and the reason also pointed to "suspected illegal information disclosure". As of now, the SFC's investigation is ongoing.