Xinhua News Agency, Beijing, April 16th (Reporter Liu Hui) The Securities and Futures Commission announced on the evening of the 16th the decision on administrative penalties for Wanjia culture and the market forbidden decision on the relevant personnel market.And the defense of related parties finally decided: Huang Youlong, Zhao Wei, and Kong Deyong took 5 years of banning measures for the securities market.
At the same time, the CSRC also ordered a warning to Wanjia Culture and Longwei Media, and imposed a fine of 600,000 yuan respectively; it warned Kong Deyong, Huang Youlong, Zhao Wei, and Zhao Zheng, and fined 300,000 yuan.
The CSRC rejected the defense of Zhao Wei, Longwei Media, Wanjia Culture and related parties. In the end, it was determined that Longwei Media was insufficient in funding in their own domestic funds.The empty shell company acquired a listed company and rarely announced it, which was seriously misleading market and investors.
In addition, the CSRC also determined that Longwei Media's information disclosure of information raising plans and arrangements has false records and major omissions; not disclosed in time where financial institutions have not reached financing cooperation;There are illegal facts such as false records and misleading statements such as actively promoting the successful completion of this controlling equity transfer transaction. Shareholders want to claim from Zhao Wei to rectify the financial chaotic phenomenon urgent to modify relevant laws
Small and medium shareholders want to claim Zhao Wei
Xiangyuan Culture's 2016 annual report shows that the company's shareholders are 47,700 households. In the first quarter of 2017, the company's shareholders exceeded 100,000.After the acquisition was terminated, the number of shareholders of Xiangyuan Culture also remained at about 70,000 households.The outside world believes that the above numbers show that Zhao Wei's celebrity effect has led to a sharp increase in the number of shareholders of the company.
According to incomplete statistics, 10 lawyers have publicly collected shareholders' rights protection information.Among the first batch of law firms that have been publicly issued, Shanghai Minglun Law Firm has successively received more than 500 investors.It is reported that the per capita claim amount of the above investors is 60,000 to 70,000 yuan. If more than 500 per capita participate in the lawsuit, the amount involved will exceed 30 million yuan.Attorney Li Jian said that because the time -effectiveness of such cases is valid from the date of formal punishment, the number and amount of claims cannot be estimated.
Lawyer Xie Liang told China Economic Weekly reporter that the possibility of winning the case of false statements in this type of securities is relatively high. Since the relevant judicial interpretation of the Securities' false statement in the Supreme Court in 2003, there have been a lot of cases of victory, such as Oriental Electronics and Yin GuangXiamen and Foshan Lighting and other major cases of claims.
The relevant person in charge of the China Securities Regulatory Commission Small and Small Investor Service Center revealed to the reporter of China Economic Weekly that as of the end of August this year, the center filed a total of 7 lawsuits.The progress was smooth, and the two were being solicited during the public solicitation.The person in charge stated that investors proposed that investors' litigation focuses on the specific personnel of illegal acts in listed companies and account for the responsibility of actual illegal personnel.
