突发！昔日千亿房企泰禾集团董事长黄其森被留置！公司3年年度报告存在重大遗漏，收到千万级罚单

Core Viewpoint - The chairman of Taihe Group, Huang Qisen, has been placed under detention by the Liaoning Provincial New Min City Supervisory Committee due to suspected illegal activities, which has led to asset freezes and potential operational impacts on the company [1][3]. Group 1: Legal and Regulatory Issues - Taihe Group has received an administrative penalty decision from the Fujian Regulatory Bureau of the China Securities Regulatory Commission (CSRC) for violations related to information disclosure [3][5]. - The company failed to disclose significant lawsuits from July 6, 2020, to December 13, 2022, with a total claim amount of 967.37 million yuan, accounting for 48.21% of the company's audited net assets in 2020 [3][4]. - The company did not disclose 22 lawsuits in its annual reports for 2020, 2021, and 2022, violating multiple provisions of the Securities Law [5][6]. Group 2: Financial Penalties - The Fujian Regulatory Bureau imposed a total fine of 6 million yuan on Taihe Group and issued warnings to several executives, including Huang Qisen, who received a fine of 3 million yuan [6][7]. - Other executives, including the former financial director and supervisors, received fines ranging from 80,000 to 250,000 yuan for their roles in the violations [6][7]. Group 3: Company Background and Performance - Taihe Group, established in 1996 and listed in 2010, is a prominent player in residential and commercial real estate development, particularly in Fujian Province [7]. - The company experienced rapid growth, achieving over 100 billion yuan in sales within five years from 2013 to 2017, and was recognized as one of the top 20 real estate companies in China [7][8]. - However, the company faced financial difficulties starting in 2020, culminating in a debt default when it failed to repay a medium-term note [8][9]. Group 4: Stock Market Impact - On July 28, 2023, the Shenzhen Stock Exchange announced the termination of Taihe Group's stock listing due to its stock price falling below 1 yuan for 20 consecutive trading days [9].