OneThe strongest "demon stock".*ST Zuojiangwas filed, and the delisting alarm was sounded
On the evening of December 1, *ST Zuojiang, which was sent a letter by the Shenzhen Stock Exchange for the sixth time, disclosed that the company received the "Notice of Case Filing" issued by the CSRC on the same day, and the CSRC decided to file a case against the company due to suspected violations of information disclosure laws and regulations. It is worth noting that due to the continuous decline in the company's performance in recent years and frequent reminders of the risk of delisting, the investigation may sound the delisting alarm.
Since the beginning of this year, ST Zuojiang's share price has risen by as much as 71 percent with the blessing of related concepts72%, and the stock price hit a high of 29980 yuan, is the highest stock price among more than 100 risk warning stocks, also known as the "strongest demon stock". However, the company's current situation is not optimistic, before the company was placed on file for investigation, *ST Zuojiang has been sent six letters by the Shenzhen Stock Exchange this year, involving the 2022 annual report, 2023 semi-annual report, 2023 third quarter report and two letters of concern. Among them, regarding the third quarterly report, the Shenzhen Stock Exchange has sent two letters to inquire, but the company has now said that it will postpone its reply.
According to the company's third quarterly report, *ST Zuojiang's attributable net profit is still negative. According to the relevant rules, if the company's audited net profit in 2023 is negative and the operating income is less than 100 million yuan, or the financial and accounting report is issued with a qualified opinion, unable to express an opinion or a negative opinion, the company will be delisted and delisted after the disclosure of the annual report.
2. The case of Hezong Technology may be related to the repurchase "no-show" incident
On December 3, Hezong Technology disclosed that the company received the "Notice of Case Filing" issued by the China Securities Regulatory Commission, and the CSRC decided to file a case against the company due to suspected violations of information disclosure laws and regulations. The announcement did not disclose the specific matters of suspected violations of laws and regulations in information disclosure. However, combing through the past announcements, the repurchase incident of Hezong Technology may be an important reason for being filed by the Securities Regulatory Commission.
According to the previous announcement, Hezong Technology will start to implement the share repurchase plan from November 10, 2022, and intends to spend 20 million yuan to 40 million yuan to repurchase shares within 12 months. However, the company did not implement the repurchase after the expiration of the repurchase period. The company said that due to the sharp decline in performance, the company's financing difficulty has increased, resulting in a certain amount of liquidity pressure and cannot be repurchased.
Therefore, it also received the "Decision on Administrative Supervision Measures" from the Beijing Securities Regulatory Bureau, which ordered the company to take administrative supervision measures to make corrections, and recorded the relevant violations in the integrity file. On the same day, the Shenzhen Stock Exchange also issued a letter of concern to Hezong Technology on this matter, and stated that it would initiate disciplinary proceedings against the company and related violators.
3. Conditions for investors to protect their rights
Liu Peng, a lawyer at Shanghai Huzi Law Firm, said that the above two listed companies were filed by the China Securities Regulatory Commission, and according to the "** Law" and several provisions on false statements, if the listed company suffers losses due to the violation of the letter disclosure, the investor can file a civil lawsuit to require the company and relevant individuals to compensate for the loss, including the loss of investment difference, commission, and stamp duty.
Lawyer Liu Peng reminded that the claim conditions of Hezong Technology and *ST Zuojiang are as followsInvestors who still hold the ** as of December 1, 2023Investors who meet this condition can be found in the ".Shareholder Claim TreasureSign up to defend your rights. After successful registration, the lawyer will contact you to prepare relevant prosecution materials.