Lin Cheng, chairman of Huafeng Co., Ltd., who did not disclose the shareholding reduction plan in advance, received a warning letter
[ad_1]
After the market closed on the 3rd, Huafeng Co., Ltd. announced that Lin Cheng, the chairman of the company, recently received the “Decision on Taking Measures to Issue a Warning Letter to Lin Cheng” (hereinafter referred to as the “Warning Letter”) issued by the Guangdong Securities Regulatory Bureau.
Huafeng stock announcement screenshot
According to the “Warning Letter”, after investigation, Lin Cheng, as the shareholder and chairman of Huafeng Co., Ltd. holding more than 5% of the shares, reduced his holdings of 928,000 shares in the company through centralized bidding transactions from July 18 to September 7, 2022. , accounting for 0.49% of the company’s total share capital, and the transaction amount was 12.7147 million yuan.
The “Warning Letter” pointed out that Lin Cheng did not disclose the shareholding reduction plan in advance 15 trading days before the above-mentioned shareholding reduction, which violated Article 3 of the “Administrative Measures for Information Disclosure of Listed Companies”, “Shareholders of Listed Companies, Directors, Supervisors, Senior Management Certain Regulations on Shareholdings” stipulates in Article 8.
According to Article 52 of the “Administrative Measures for Information Disclosure of Listed Companies”, the Guangdong Securities Regulatory Bureau decided to take administrative supervision measures against Lin Cheng by issuing a warning letter.
According to the 2021 annual report, Lin Cheng is the chairman and general manager of Huafeng Co., Ltd., and his term of office is from November 5, 2018 to May 7, 2023. The resume information shows that Lin Cheng, male, Chinese nationality, without the right of permanent residence abroad, was born in December 1968, with a doctoral degree. He used to be an assistant engineer of Wuhan 9502 Bus Factory, a lecturer and an associate professor of Beijing Institute of Technology.
On February 14 this year, Huafeng shares announced that Lin Cheng reduced his holdings of 1.359 million shares of the company through centralized bidding transactions from February 6 to February 13, accounting for 0.72% of the company’s total share capital. After the equity change, Lin Cheng held 9.4686 million shares of Huafeng shares, accounting for 5% of the company’s total share capital, and was no longer a shareholder of the company holding more than 5% of the company’s shares.
Wind information shows that Huafeng Co., Ltd. is one of the domestic low-pressure formed aluminum foil manufacturers and one of the top 100 enterprises in China’s electronic components; its products include a full range of low, medium and high-pressure formed foils and new high-efficiency water treatment chemicals.
On the secondary market, Huafeng shares closed up 1% on the 3rd to 12.11 yuan per share.
Source: Sino-Singapore Jingwei
[ad_2]
Source link
