China Heavy Industries will hold an extraordinary general meeting of shareholders, and investor clai

Mondo Finance Updated on 2024-02-08

Produced by Radar Finance and Economics Lei Zhu Bar |Jian Bai edDeep sea

On February 6, China Heavy Industry released the meeting materials of the first extraordinary general meeting of shareholders in 2024. At 9:30 on February 27, 2024, China Heavy Industry will hold the first extraordinary general meeting of shareholders in 2024 in Conference Room 118, No. 72, Kunming Hunan Road, Haidian District, Beijing. The convener of the meeting is the board of directors of the company, and the meeting method is a combination of on-site voting and online voting. The host of the on-site meeting is Chairman Wang Yongliang.

The items to be considered at the meeting were the "Proposal on the Company's Daily Connected Transaction Limit in 2023", "Proposal on the Signing of the Financial Services Agreement (2024) and Related Party Transactions between the Company and CSSC Finance Co., Ltd.", "Proposal on the Company's Foreign Exchange Derivatives Business in 2024" and other proposals.

Among them, the "Proposal on the Company's 2023 Daily Connected Transaction Limit" shows that on January 30, 2024, the 28th meeting of the fifth board of directors of the company deliberated and passed the "Proposal on the Implementation of the Company's Daily Connected Transactions in 2023 and the Daily Connected Transaction Limit in 2024", 5 affiliated directors abstained from voting, and non-affiliated directors deliberated and passed the proposal item by item with 4 votes in favor, 0 votes against and 0 abstentions.

At the first special meeting of the fifth independent directors of the company in 2024, the "Proposal on the Implementation of the Company's Daily Connected Transactions in 2023 and the Limit of Daily Related Party Transactions in 2024" was deliberated and approved by all independent directors with 4 votes in favor, 0 votes against and 0 abstentions.

China Heavy Industry said that the company's procurement of commodities from related parties, sales of commodities to related parties, labor sales and labor procurement transactions with related parties, leasing assets from related parties, and leasing assets to related parties will help the company take advantage of the scale of China Shipbuilding Group, reduce procurement costs, improve sales efficiency, and be conducive to the development of the company's business, which is the company's current objective needs, and will not adversely affect the company's financial situation and operating results, and is in line with the interests of the company and all shareholders. In the course of daily transactions, the company will follow the principles of openness, fairness and impartiality, strictly abide by the provisions of relevant laws and regulations, will not rely on related parties, will not affect the independence of the company, and effectively safeguard the interests of the company and all shareholders.

It is worth noting that China Heavy Industries is also facing claims from damaged investors.

On December 29, 2023, China Heavy Industry received the Administrative Penalty Decision (No. 15 2023) issued by the Beijing Supervision Bureau of the China Securities Regulatory Commission.

Due to the failure to accurately accrue the impairment of the inventory of its subsidiaries in the corresponding accounting period, resulting in misstatement in the annual reports of China Heavy Industry in 2018, 2019 and 2020, the Beijing Securities Regulatory Bureau decided: 1. Give a warning to China Heavy Industry and impose a fine of 1.5 million yuan; 2. Give Wang Liang a warning and impose a fine of 600,000 yuan; 3. Yao Zuhui was given a warning and fined 600,000 yuan.

In this regard, lawyer Zhang Yanwei, director of Shanghai Renying Law Firm, told Radar Finance that if the misconduct of a listed company causes losses to investors, the injured investors can claim compensation in accordance with the law. Injured investors who were between 27 April 2019 and 12 July 2023** and held China Heavy Industries** as of 12 July 2023** can register for a claim. Sign up for free and pay attention to the public account"Let's help"(Lei Zhu Code: 88) to register the claim. There are no fees until you receive the claim.

Tianyancha shows that China Heavy Industry has invested in 22 enterprises and participated in bidding projects 4 times.

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