增持行动与披露不一致 东方材料第一大股东遭责令改正 改正前所持股份不得行使表决权

Core Viewpoint - Oriental Materials (SH603110) received an administrative regulatory decision from the Anhui Securities Regulatory Bureau due to discrepancies in information disclosure, leading to corrective measures against two shareholders [2][3]. Group 1: Regulatory Actions - The Anhui Securities Regulatory Bureau ordered two shareholders, Jiangsu Teliang New Materials Technology Co., Ltd. and Wuxi Hongsheng Dingrong Investment Management Partnership (Limited Partnership), to correct their actions and recorded this in the securities market integrity archive [2][3]. - Both companies are required to suspend acquisition activities and must complete rectification within 30 days of receiving the regulatory decision, submitting a written report to the Anhui Securities Regulatory Bureau [4]. Group 2: Shareholder Actions - In May, Teliang acquired a 5.96% stake in Oriental Materials through auction, stating no plans for further share changes within the next 12 months [3]. - Hongsheng Dingrong, established on May 29, participated in an auction for an additional 3.49% stake, which was successfully transferred by June 30, increasing its holdings to 7.0241 million shares [3][4]. - The regulatory body identified Teliang and Hongsheng Dingrong as acting in concert, which was not disclosed in Teliang's report on May 30 [3][5]. Group 3: Legal and Compliance Considerations - The determination of the formation date of the acting-in-concert relationship is under scrutiny, with two potential methods for assessment: factual consistency or formal disclosure [5][8]. - Legal experts suggest that if actions indicating collaboration occurred before the formal announcement, the regulatory body may consider that as the start date for the acting-in-concert relationship [8]. - The shares acquired through judicial auction are considered valid in civil terms, and regulatory authorities typically do not declare such transactions void or enforce mandatory buybacks [9]. Group 4: Future Actions - Oriental Materials' securities department indicated that the company will submit a rectification report to the regulatory authority and will disclose further developments in accordance with legal and exchange regulations [10].