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资金占用强制退市规则显威 2家上市公司如期清收 近20亿元占用资金
Zheng Quan Ri Bao· 2025-08-19 22:50
Core Viewpoint - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation, with a focus on the implementation of delisting rules to address non-operational fund occupation issues in listed companies [1][5][6]. Summary by Relevant Sections Regulatory Changes - The China Securities Regulatory Commission (CSRC) issued opinions on strict enforcement of delisting systems, with the Shanghai and Shenzhen Stock Exchanges revising delisting rules to include fund occupation as a delisting condition [1][6]. - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues through various means, recovering over 8 billion yuan [1][6]. Company Actions - On August 18, 2023, ST Dongshi and *ST Huamei announced the completion of their fund occupation rectification, allowing their stocks and convertible bonds to resume trading [1][4]. - ST Dongshi's controlling shareholder and related parties repaid 1.954 billion yuan through investor compensation and equity transfer [1][3]. - *ST Huamei's controlling shareholder repaid 1.567 billion yuan, including 110.593 million yuan through dividend compensation and 1.556 billion yuan from the sale of all shares [1][4]. Impact of New Regulations - The new delisting rules have created a strong regulatory deterrent, compelling companies to clear large amounts of occupied funds before the deadline [5][6]. - The cases of ST Dongshi and *ST Huamei demonstrate the effectiveness of the "strict delisting for non-compliance" policy in urging controlling shareholders to repay debts [5][6]. Future Directions - The CSRC plans to enhance corporate governance rules and increase penalties for financial misconduct, aiming to improve the effectiveness of independent directors and encourage institutional investors to exercise their rights [7][8]. - Experts suggest a multi-faceted approach to prevent fund occupation, including improving corporate governance, enhancing monitoring systems, and implementing strict penalties for actual controllers [8].
资金占用强制退市规则显威 2家上市公司如期清收近20亿元占用资金
Zheng Quan Ri Bao· 2025-08-19 16:35
Core Viewpoint - Two companies, ST Dongshi and *ST Huamei, have resolved their financial misconduct issues by repaying a total of 19.54 billion yuan, thus eliminating the risk of delisting [2][5]. Group 1: Company Actions - ST Dongshi's controlling shareholder and related parties used various methods to repay approximately 3.87 billion yuan of non-operating funds, completing the repayment before the deadline [3][4]. - *ST Huamei's controlling shareholder repaid 15.67 billion yuan, including interest, through a combination of dividend payments and the sale of all shares [5][6]. Group 2: Regulatory Context - The new delisting regulations emphasize the importance of internal controls and impose strict deadlines for companies to rectify financial misconduct, effectively deterring large shareholders from misappropriating funds [2][6]. - Since the implementation of the new delisting rules, a total of eight companies have resolved their financial misconduct issues, recovering over 80 billion yuan [6][7]. Group 3: Expert Opinions - Experts suggest that the new regulations have effectively prompted companies to clear their debts before the deadline, indicating a positive impact on corporate governance [5][6]. - Recommendations for further improvement include enhancing monitoring systems for fund flows, strengthening the responsibilities of intermediaries, and implementing stricter approval processes for related transactions [7][8].
规范类退市新规威力再现 又见两家上市公司完成资金占用整改
Jing Ji Guan Cha Wang· 2025-08-19 13:45
Core Viewpoint - Both *ST Huamei and ST Dongshi have completed the rectification of fund occupation and will resume trading on August 19, 2023 [2][3] Group 1: *ST Huamei - On February 12, 2025, *ST Huamei received a directive from the China Securities Regulatory Commission requiring the recovery of 149,067.82 million yuan of occupied funds within six months [2] - Due to failure to complete the rectification before the deadline, *ST Huamei's stock was suspended from trading on August 13, 2023 [2] - The company has received a total of 156,695.89 million yuan from Shanghai Pengsheng, which includes all occupied funds and interest [3] Group 2: ST Dongshi - ST Dongshi resolved its fund occupation issue through compensation from its controlling shareholder and related parties, totaling 387,344,487.68 yuan, resulting in a zero balance for occupied funds [3][4] - On August 14, 2023, ST Dongshi signed a compensation agreement with restructuring investors to clear non-operating fund occupations amounting to 337,486,717.76 yuan [4] - The company also executed a debt transfer agreement for 49,857,769.92 yuan related to non-operating fund occupation with its controlling shareholder's related party [4] Group 3: Regulatory Context - In April 2024, the CSRC issued new regulations that include stricter delisting standards for companies with significant fund occupation issues [5] - Companies with non-operating fund occupations exceeding 200 million yuan or 30% of net assets must repay within six months to avoid delisting procedures [5] - Other companies, such as ST Xintong and Zhongli Group, have also resolved fund occupation issues through various means, including cash repayment and bankruptcy restructuring [5]
ST东时(603377) - 关于部分募集资金账户资金解除冻结的公告
2025-08-19 11:46
| 证券代码:603377 | 证券简称:ST 东时 | 公告编号:临 | 2025-150 | | --- | --- | --- | --- | | 转债代码:113575 | 转债简称:东时转债 | | | 东方时尚驾驶学校股份有限公司 关于部分募集资金账户资金解除冻结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 东方时尚驾驶学校股份有限公司(以下简称"公司")于近日查询获悉,公 司控股子公司云南东方时尚驾驶培训有限公司(以下简称"云南东方时尚")募 集资金账户资金已解除冻结,现将相关情况公告如下: 一、部分募集资金账户资金解除冻结的基本情况 三、其他风险提示 (一)公司是否进入重整程序尚存在重大不确定性 公司于 2025 年 7 月 10 日收到北京市第一中级人民法院(以下简称"北京一 中院")送达的《决定书》,北京一中院决定对公司启动预重整,并指定东方时 尚驾驶学校股份有限公司清算组担任公司预重整期间的临时管理人。公司是否进 入重整程序尚存在不确定性。北京一中院同意公司预重整,尚不代表公司正式进 入重整程序 ...
ST东时复牌 3.87亿元资金占用清偿完毕
Zheng Quan Ri Bao Wang· 2025-08-19 10:45
Core Viewpoint - ST Dongshi has fully repaid the non-operating fund occupation of 387 million yuan, allowing its stock to resume trading on August 19 [1][2]. Group 1: Fund Repayment - As of August 17, the controlling shareholder, Dongshi Investment Co., and its affiliates repaid a total of 387 million yuan, resulting in a remaining balance of 0 yuan [2]. - The repayment was confirmed by Beijing Dehao International Accounting Firm through a special audit report [2]. - The repayment was part of a regulatory requirement to recover occupied funds by June 19, 2025, following a suspension of trading on June 20 [2]. Group 2: Restructuring Investment - On August 15, the company signed a restructuring investment agreement with 11 investors, including Shenzhen Fuli Industrial Development Co. and Beijing Zhongcheng Hehe Technology Development Center, committing to purchase a total of 500 million shares for 670 million yuan, at a price of 1.34 yuan per share [4]. - Beijing Daxing Investment Group, a state-owned enterprise, is participating in the restructuring investment and holds a total of 8,664,000 shares, representing 12.12% of the company's total shares [4]. Group 3: Uncertainties in Restructuring - The company is currently in the pre-restructuring phase, with uncertainties regarding its entry into formal restructuring procedures [5]. - The company has received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations, with no conclusive opinions or decisions received to date [5]. - There are risks associated with the restructuring investment agreement, including potential failure to fulfill investment obligations by the investors [5].
ST东时: 东方时尚驾驶学校股份有限公司控股股东及其他关联方非经营性资金占用及清偿情况的专项审核报告
Zheng Quan Zhi Xing· 2025-08-18 16:33
Core Viewpoint - The report provides a special audit on the non-operating fund occupation and repayment situation of the controlling shareholder and other related parties of Dongfang Shishang Driving School Co., Ltd, confirming that the financial information meets regulatory requirements [1][2]. Group 1: Audit Responsibilities - The management of Dongfang Shishang is responsible for the accurate and complete preparation and disclosure of the fund occupation and repayment situation [1]. - The registered accountants are responsible for providing a special audit opinion based on the audit procedures performed [1]. Group 2: Fund Occupation Summary - As of December 31, 2024, the total non-operating fund occupation by the controlling shareholder and other related parties amounts to 387.3445 million yuan [1][2]. - The occupation includes amounts from various related parties, with a significant portion attributed to Dongfang Shishang Investment Co., Ltd [2]. Group 3: Repayment Situation - The repayment of the non-operating fund occupation was completed through cash payments totaling 387.3445 million yuan by August 15, 2025 [3][4]. - The repayment involved multiple parties, including Beijing Jinhui Dingming Investment Management Co., Ltd, which contributed 60 million yuan, and Shenzhen Shenyuan Asset Management Co., Ltd, which contributed 8 million yuan [3][4].
以退促改!600360、603377,好消息来了
炒股就看金麒麟分析师研报,权威,专业,及时,全面,助您挖掘潜力主题机会! 资金占用规范类退市的威慑力再现。 据悉,*ST华微、ST东时两家上市公司在先后进入资金占用规范类退市的停牌程序后,"一司一策"制定 清偿方案,均在停牌期限届满前解决大额资金占用,累计清收金额近20亿元,切实化解了规范类退市风 险,保护了上市公司和中小投资者权益。 *ST华微控股股东转让股份解决资金占用 *ST华微存在14.91亿元的资金占用,吉林证监局于2025年2月12日作出责令改正措施,要求公司在6个月 内完成清收。 公司控股股东资金占用金额高,各方协调复杂度高,面临较大的退市风险,并因未在责令改正期限内完 成整改,公司股票于8月13日起连续停牌,进入规范类退市程序。在地方政府的支持和引导下,在证券 监督管理机构的持续督促下,公司和相关方快速行动,形成了以控股股东转让所持全部股权并将所得资 金直接用于偿还资金占用的解决方案,并于停牌期限届满前实施完毕。 责令改正期间,公司控股股东上海鹏盛与亚东投资签署股份转让协议,依规推进22.32%公司股份的转 让事宜,所得款项将直接支付给公司用于清收占用资金及利息共计15.56亿元。同时,公司2 ...
ST东时完成资金占用整改,股票将于8月19日复牌
Bei Jing Shang Bao· 2025-08-18 11:53
公告显示,因ST东时在停牌不超过2个月的期限内完成控股股东及其关联方资金占用事项的整改,根据 相关规定,公司股票及"东时转债"将于 2025 年 8 月 19 日复牌。 北京商报讯(记者 吴其芸)8月18日,东方时尚驾驶学校股份有限公司(以下简称"ST东时")发布公告 称,截至本公告披露日,ST东时控股股东东方时尚投资有限公司及其关联方通过重整投资人代偿、购 买债权等方式予以偿还的款项共计约3.87亿元,占用余额为 0 元。ST东时非经营性资金占用清偿完毕。 ...
ST东时(603377.SH):申请撤销部分其他风险警示暨继续被实施其他风险警示
Ge Long Hui A P P· 2025-08-18 11:32
Core Viewpoint - ST Dongshi (603377.SH) has resolved the risk warning situation related to the non-operational fund occupation by its controlling shareholder, Dongfang Shishang Investment Co., Ltd. [1] Group 1 - The company was previously under risk warning due to the non-operational occupation of funds by its controlling shareholder and related parties, with the balance exceeding 5% of the latest audited net assets and amounting to over 10 million yuan [1] - The company has applied to the Shanghai Stock Exchange for the removal of the corresponding risk warning, pending approval from the exchange [1] - If the application is approved, the company’s stock may still be subject to other risk warnings [1]
ST东时: 关于申请撤销部分其他风险警示暨继续被实施其他风险警示的公告
Zheng Quan Zhi Xing· 2025-08-18 11:24
证券代码:603377 证券简称:ST 东时 公告编号:临 2025-147 转债代码:113575 转债简称:东时转债 东方时尚驾驶学校股份有限公司 关于申请撤销部分其他风险警示暨继续被实施其他 风险警示的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: ? 东方时尚驾驶学校股份有限公司(以下简称"公司")此前因被控股股 东东方时尚投资有限公司(以下简称"东方时尚投资")及其关联人非经营性占 用资金,余额达到最近一期经审计净资产绝对值 5%以上,且金额超过 1,000 万 元,未能在 1 个月内完成清偿或整改被叠加实施其他风险警示。现上述其他风险 警示情形已完全消除,公司已向上海证券交易所申请撤销对公司股票实施的相应 其他风险警示情形,最终申请撤销情况以上海证券交易所审核意见为准。 ? 本次申请如获上海证券交易所同意,公司股票仍存在其他被实施风险警 示的情形。 ? 截至本公告披露日,公司尚处于预重整阶段,并未收到法院关于进入重 整程序的相关法律文书,公司后续能否进入正式重整程序存在不确定性。根据《上 海证 ...