Li Chunan, chairman of Liancheng CNC Li Chunan, was filed for investigation, or it will affect the company's fixed increase

Author:Daily Economic News Time:2022.08.21

A few days ago, Li Chunan, chairman of Liancheng CNC, listed by the Beijing Stock Exchange, was investigated by the Securities Regulatory Commission.

It is worth noting that Liancheng Digital was just disclosed in the middle of last month. The chairman was investigated by the CSRC, which may affect the fixed increase. Liancheng CNC announced that Li Chunan's suspected insider trading target was not the company's shares, nor did he involved other companies in the Beijing Stock Exchange, but the company did not meet the conditions of issuing shares to specific objects in the relevant regulations.

Public information shows that Liancheng CNC was established in 2007 and focused on the manufacturing of high -end equipment for photovoltaic and semiconductor industries. Business involves the growth of single crystal silicon materials, silicon material cutting processing, and automatic cleaning and etching of silicon wafers. As of the closing of August 19, Liancheng CNC reported 80 yuan/share, with a total market value of 18.6 billion yuan.

Liancheng CNC Chairman was filed for investigation

"Daily Economic News" reporter noticed that on August 19, Liancheng CNC announced that it received a notice from the CSRC's filed case, and Li Chunan, the current chairman and actual controller of Liancheng CNC, was suspected of being suspected of the securities market. investigation.

The Bei Stock Exchange also issued a question letter at the first time to ask Li Chunan to be investigated the investigation of the insider trading target, the disclosure of Liancheng CNC information, and the impact on the company's operation.

Liancheng CNC stated that after Li Chunan confirmed, the suspected insider trading target was not Liancheng CNC, nor involved other companies in the Beijing Stock Exchange. In addition, the investigation of this case is only a personal investigation of Li Chunan. The company's daily operation and management shall be responsible for the executive team. It will not affect Li Chunan's normal performance.

It is worth noting that Chairman Betry, a listed company of the Beijing Stock Exchange, was investigated by the Securities Regulatory Commission for suspected insider trading on July 20. Behind the investigation of the two cases, it can be seen that the Beijing Stock Exchange is constantly strengthening the supervision of listed companies, effectively maintaining market order, and promoting the vision of the company's standardized development.

Every reporter learned from the Beijing Stock Exchange that a series of measures to improve the actual controller of the listed company and the high "key minority" compliance consciousness have been adopted in the near future; The four aspects of great violations of regulations continued, and they continued to start, and they paid close attention to the supervision of "key minority". Objectively speaking, it is undoubtedly higher requirements for listed companies in the Beijing Stock Exchange.

Affect the company's fixed increase plan?

In addition to pushing Liancheng CNC to the cusp, the investigation will also cause Liancheng CNC to not meet the conditions for issuing stocks to specific objects.

According to each reporter, on July 15 this year, Liancheng CNC issued a fixed draft, which intends to issue shares of not more than 39 million shares to specific objects, raised funds of 1.36 billion yuan, and the issuance objects have not been determined. On August 2nd, Liancheng CNC disclosed the "Announcement of the First Interim Sharers Conference of 2022" and reviewed and approved the relevant proposal to issue stocks to specific objects.

Regarding the use of fundraising amounts, Liancheng Digital control said that the above -mentioned fundraising funds will be mainly used to expand production and supplement mobile funds. Among them, 306 million yuan was used for the expansion of the single crystal furnace, 394 million yuan was put into the photovoltaic battery piece and photovoltaic component equipment project, and 138 million yuan was invested in the third -generation semiconductor material silicon base processing equipment production project. Class silver powder expansion projects, etc.

But as soon as it is, the company's chairman is investigated by the CSRC, and Liancheng CNC is no longer in accordance with the conditions for issuing stocks to specific objects.

According to Article 10 of the "Administrative Measures for the issuance of securities issuance of the Beijing Stock Exchange" of the Beijing Stock Exchange, the current director, supervisor, and senior managers of listed companies or their controlling shareholders and actual controllers are affected by the administrative director, supervisor, and senior management personnel Punishment and the Beijing Stock Exchange publicly condemned; or if they are being investigated by the judicial organs for suspected crime or being investigated by the China Securities Regulatory Commission for suspected illegal and illegal regulations, no clear conclusions have not yet been concluded, shares shall not issue shares to specific objects.

In response to the affected issue, even the urban CNC also stated in the response to the inquiry letter of the Beijing Stock Exchange that the company is actively exploring the relevant plan to eliminate the issues of the previous matters on the issuance of the company's stock. Determine the relevant arrangements of stock issuance. At the same time, Li Chunan also made it clear that if the company's production and operation exists in relevant capital needs, the individual will provide financial funding for the company in an interest -free loan.

Daily Economic News

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