China Securities Regulatory Commission files a case! What happened to the "World Copper King"? Zhengwei New Material received the warning letter in time due to lack of trust

China Securities Regulatory Commission files a case! What happened to the "World Copper King"? Zhengwei New Material received the warning letter in time due to lack of trust
00:40, May 26, 2024 Shanghai Securities News

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   Zhengwei New Material On the evening of May 24, it was announced that the Company had received the Notification of Filing a Case issued by the CSRC due to suspected violations of information disclosure laws and regulations. It is understood that, Zhengwei New Material It is a listed company actually controlled by Wang Wenyin, once known as the "Copper King of the World".

On May 24, Zhengwei New Material The company's latest market value was 4.184 billion yuan.

   Warning letter received in time due to lack of letter

On the evening of the 24th, Zhengwei Xincai received the decision on administrative supervision measures from the Jiangsu Regulatory Bureau of the CSRC. The specific reason was that the company did not timely disclose the freezing of the shares of the controlling shareholders and the persons acting in concert, or the proposed auction of the shares of the controlling shareholders.

Specifically, on November 24, 2023, the Fuzhou Intermediate People's Court implemented judicial refreezing (pledge to freeze) on 34396000 shares of Zhengwei New Material held by Shenzhen Yiwei, and the number of frozen shares accounted for 5.28% of the total share capital.

On November 27, 2023, the Chengdu Intermediate People's Court will freeze all 127 million shares of Zhengwei New Material held by Shenzhen Yiwei in turn, accounting for 19.55% of the total share capital. On the same day, the Chengdu Intermediate People's Court re frozen all the 41.32 million shares of Zhengwei New Material held by Xi'an Zhengwei, accounting for 6.34% of the total share capital.

Jiangsu Regulatory Bureau of CSRC proposed that Wang Wenyin, the chairman and secretary of the board of directors of the company, was informed of the matter on December 19, 2023, but the company did not disclose it until January 12, 2024. The Company and Wang Wenyin violated several provisions in the Administrative Measures for Information Disclosure of Listed Companies. According to Article 52 of the Administrative Measures for Information Disclosure of Listed Companies, the regulatory authorities decided to take the regulatory measures of issuing a warning letter to Zhengwei New Material and Wang Wenyin, and recorded negotiable securities Integrity archives of futures market.

   The control right of the company may not be guaranteed

To Wang Wenyin's headache, Zhengwei New Material is currently on the verge of "changing owners".

On May 24, 25210100 shares of non tradable shares of Zhengwei New Material (3.87% of the total capital stock) were auctioned off on Taobao's judicial auction network platform for 261 million yuan New materials If the judicial auction is finally concluded and transferred, the control of the company may change.

Specifically, after the completion of this judicial auction, the total share proportion of the Company held by Shenzhen Yiwei, the current major shareholder, and its persons acting in concert will be reduced to 18.80%; The current two shareholders Jiuding Group and its persons acting in concert will passively become the largest shareholder of the company.

Public information shows that, up to now, Jiuding Group and its persons acting in concert together hold 20.35% of the company's shares.

In fact, some shares held by Jiuding Group were also obtained by judicial auction. In March this year, Jiuding Group won about 3.2% of the equity of the listed company held by Shenzhen Yiwei at a price of 122 million yuan. Jiuding Group once said that participating in the auction is "based on recognition of the long-term investment value of listed companies and confidence in future development prospects, and increase the shares of listed companies".

   Wang Wenyin and Zhengwei Group have been forced to

According to the public information, Wang Wenyin and Zhengwei Group have been enforced many times recently, involving more than 4.2 billion yuan.

Tianyancha legal litigation information shows that on May 21, Shenzhen Zhengwei (Group) Co., Ltd., Wang Wenyin and others added four pieces of information about the person to be executed, with the total amount of the execution object being more than 991 million yuan. Some of the persons to be executed include Shenzhen Zhengwei Intelligent Terminal Technology Holdings Co., Ltd., Xinjiang Haowei High Precision Materials Co., Ltd., etc, The executive courts are the Urumqi Railway Transport Intermediate People's Court.

On May 11, Shenzhen Zhengwei (Group New materials Ltd., Zhengwei (Boluo) New materials Technology Co., Ltd.

On May 9, Zhengwei Holding Group Co., Ltd. and its subsidiary Shenzhen Zhengwei (Group) Co., Ltd., Hunan Xiangwei New Material Technology Co., Ltd., Guang'an Huaguan Real estate development The limited company, Wang Wenyin and Liu Jiehong added a new information about the person to be executed, with the execution target of more than 370 million yuan, and the execution court was the Intermediate People's Court of Chenzhou City, Hunan Province.

Risk information shows that there are more than 20 pieces of information about the person to be executed by Foxlink Group and Wang Wenyin, with a total amount of more than 4.2 billion yuan. In addition, there are consumption restriction orders, final cases and equity freeze information.

(Source: Shanghai negotiable securities Newspaper)

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