[Epoch Times December 24, 2021](Epoch Times reporter Liu Yi comprehensive report) Songdu Foundation Investment Co., Ltd. issued an announcement on December 23 that Yu Jianwu, the actual controller, chairman and president of the company, was punished by the China Securities Regulatory Commission with 1.1 A fine of 100 million yuan (RMB, the same below).
Songdu Foundation Investment Co., Ltd. (Songdu shares) stated in the announcement that the company received a letter from the company’s actual controller, chairman and president Yu Jianwu on January 22 this year, stating that it received a letter from the China Securities Regulatory Commission for suspected insider trading. Notice of investigation.
On December 23, Songdu shares again received a notice from Yu Jianwu stating that the Securities Regulatory Commission confiscated RMB 36,793,079.75 of Yu Jianwu’s illegal gains and imposed a fine of RMB 110,379,239.25.
The announcement explained: “This administrative penalty does not involve company matters. It is a personal penalty decision on the company’s chairman and president Mr. Yu Jianwu. The stock transactions in his personal account do not involve the company’s stock, and will not affect the company’s daily production and operation activities. “
According to a report by the Securities Times on December 23, Yu Jianwu was investigated by the Securities Regulatory Commission in January this year for suspected insider trading. The reason was that Yu Jianwu announced a share repurchase plan and planned to use all of it for subsequent implementation of equity incentives. According to the arrangement, Songdu shares intends to repurchase shares between 130 million yuan and 260 million yuan, and the repurchase price will not exceed 4.61 yuan per share. The repurchase period shall not exceed 12 months from the date when the board of directors approves the repurchase plan. However, as of the end of November, the company has not repurchased shares.
Songdu shares in an announcement on June 26 this year showed that the vast majority of shares held by Yu Jianwu were pledged. Yu Jianwu directly holds 9.74% of the company’s shares, and his concerted parties hold a total of 50.15% of the company’s shares. As of the announcement date, Yu Jianwu and his concerted actors held 542 million shares of the company’s accumulated pledges, accounting for 80.64% of their total holdings and 40.44% of the company’s total share capital.
Judging from the current operation of Songdu shares, the company is in a situation of increasing revenue but not profit. Its financial report shows that in the first three quarters of this year, Songdu’s revenue was 4.704 billion yuan, a year-on-year increase of 33.7%, but the net profit attributable to the parent fell 63.4% year-on-year to 608.569 billion yuan, a year-on-year decrease of 63.4%. The company’s total assets were 47.587 billion yuan.
As of the close on December 24, Songdu shares closed at 2.65 yuan per share, down 3.99%.
Editor in charge: Lin Congwen
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