ST basic administrative penalties landing "HNA" five listed companies can claim

A few days ago, ST Basic (600515) issued an announcement that the company received the "Administrative Penalty Decision" issued by the Securities Regulatory Commission. The Securities Regulatory Commission imposed administrative penalties for ST foundations and related personnel due to failure to disclose non -operating affiliated transactions and related guarantees in accordance with regulations.

It was found that the HNA Group's three-story management structure of the "HNA Group-Institute/Industrial Group-Single Company" was awarded a company. The financial integration, vertical, and three -layer control and management are implemented in the financial finance; cash flow integration management is implemented in funding, and funds are uniformly allocated by HNA Group.

The ST foundation belongs to the aforementioned "single company", which lacks independence in the management and control of financial funds. It has been completed and controlled by HNA Group organizations and control. As a result, the ST foundation did not disclose non -operating affiliated transactions and association guarantees in accordance with regulations.

Due to the illegal behavior of this case, the new and old law, the Securities Regulatory Commission finally decided: warning the ST foundation and imposing a fine of 2 million yuan; a warning to the time of the company's chairman Lu Xiaoming, the president and director of the company, Chen Dehui, etc. And fined 100,000 to 1 million yuan respectively.

Attorney Wu Lijun, Shanghai Oriental Cambridge Law Firm, said that every time from August 30, 2018 to January 29, 2021, he still holds the damage to the stock when the stock is closed on January 29, 2021 Investors can register through the public account "Public Securities News" (feature code: 18018) and participate in claims.

It is worth mentioning that since ST HNA received the first "Administrative Penalty Promise" on August 10 this year, the other four listed companies in the "HNA" ST large collection, ST foundation, ST Haiyue and ST Haihai Investment has also received administrative penalties from the CSRC. Lawyer Wu Lijun said that damaged investors can sue claim to the above -mentioned "HNA" company in accordance with the law.

In terms of performance, in the first half of this year, the ST foundation achieved total operating income of 2.265 billion yuan, a year -on -year decrease of 11.54%; the net profit attributable to shareholders of listed companies was 64.24 million yuan, an increase of 50.49%year -on -year.

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