bigbassmegaways| The China Securities Regulatory Commission filed a case! Changjiang Health (600603) is suspected of illegal information disclosure and faces claims from shareholders

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On the evening of April 29th, 2024BigbassmegawaysChangjiang Runfa Health Industry Co., Ltd. (hereinafter referred to as "Yangtze River Health (Rights Protection)" or "the Company") issued the announcement that the company and its controlling shareholders received the notification letter filed by the China Securities Regulatory Commission. Because the company and its controlling shareholders are suspected of violating the law and regulations on information disclosure, in accordance with laws and regulations such as the Securities Law of the people's Republic of China and the Administrative punishment Law of the people's Republic of China. The CSRC decided to file a case for investigation. Although the specific reason for the filing of Changjiang Health case is not clear, it may be related to the occupation of non-operating funds by the controlling shareholders. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm (license No.: 13101200410820485), suggests that investors who buy Yangtze River Health shares and have positions before April 30, 2024, regardless of whether they sell them on or after April 30, 2024, can voluntarily register their claims through the "Sina shareholder Rights Protection platform". (Zhao Jingguo lawyer column)

Matters concerning the occupation of the funds of a listed company by the controlling shareholder. According to the announcement of Changjiang Health, Changjiang Health Company transferred funds to Changjiang Runfa Group through suppliers in the form of prepaid purchase funds, which was retracted at the end of the period, and non-operating funds were occupied during the formation period. As of December 31, 2023, non-operating funds occupied the balance 29.Bigbassmegaways, 234Bigbassmegaways. 510000 yuanBigbassmegawaysIn early January 2024, Changjiang Health Company continued to transfer 1.93 billion yuan of non-recurrent funds to Changjiang Runfa Group by transferring funds to suppliers. Changjiang Runfa Group takes up 1.319 billion yuan of non-operating funds by discounting the commercial acceptance drafts issued to suppliers by Changjiang Health Company (which has not been obligated as of December 31, 2023). Through the financial leasing business of Changjiang Health Company, the balance of non-operating funds is 31.0503 million yuan. As of the date of this report, the balance of non-operating funds of Changjiang Health Company is 3.6254148 billion yuan. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm, believes that investors who buy Yangtze River Health shares and have positions before April 30, 2024, regardless of whether they sell on or after April 30, 2024, can voluntarily file a claim registration.

The claim team of Xinben shareholders reminds that investors who suffer damage due to the fact that Changjiang Health may be registered by the Securities Regulatory Commission because of the non-operating funds occupied by the controlling shareholders can voluntarily initiate claim registration.

Conditions for safeguarding rights:

Changjiang Health: buy Changjiang Health shares and take positions before April 30, 2024, regardless of whether or not they are sold on or after April 30, 2024 (the specific scope of compensation will be determined by the court) (Changjiang Health Rights Protection entrance)

bigbassmegaways| The China Securities Regulatory Commission filed a case! Changjiang Health (600603) is suspected of illegal information disclosure and faces claims from shareholders

(this article is contributed by Zhao Jingguo, a partner of Shanghai Xinben Law firm, and does not represent the views of Sina Finance. Zhao Jingguo, a lawyer who qualified as a lawyer in 1999, has a solid knowledge of legal theory and has taught in colleges and universities. He has been practicing as a lawyer since 2004, has undertaken more than a thousand litigation cases, and has accumulated a wealth of dispute handling experience, especially good at dealing with securities disputes, finance, non-performing assets and other business. Since practice, Zhao Jingguo, a lawyer, has represented investors in a number of claims against listed companies. The cases that have won or have been compensated include Zhonganke claim, Zhongbing Hongjian claim, Busen clothing claim, Zhongqian share claim, Aurid claim, Zhangzi Island claim, Tianshen Entertainment claim, Fushun Special Steel claim, Fei Le Audio claim, Xiangyi Rongtong claim, Yan'an Bikang claim, Huanrui Century claim and so on. )