太安堂旧案追责：2家中介机构被警示

Core Viewpoint - The regulatory actions against intermediaries involved in the major asset sale of Tai'an Tang highlight ongoing issues of compliance and accountability within the financial advisory and asset evaluation sectors, particularly in the context of the company's past financial misconduct [1][10]. Group 1: Regulatory Actions - On September 8, the Guangdong Securities Regulatory Bureau issued administrative measures against two intermediary firms, Yuekai Securities and Zhongwei Zhengxin, along with their project leaders, due to professional negligence in the 2021 major asset sale project of Tai'an Tang [1][6]. - Yuekai Securities failed to adequately address abnormal revenue and profit situations of the target company during its advisory role, and did not perform necessary due diligence on financial statements from other service providers [3][6]. - Zhongwei Zhengxin exhibited deficiencies in the evaluation procedures for the market value of the equity transfer involving Kang Aido, including inadequate inventory checks and failure to verify the professional opinions of other service providers [6][10]. Group 2: Financial Misconduct History - Tai'an Tang has been implicated in financial fraud for four consecutive years from 2018 to 2021, with its subsidiary Kang Aido inflating inventory and profits through improper accounting practices [8][9]. - The company reported inflated profits of 66 million, 144 million, 116 million, and 103 million yuan for the years 2018 to 2021, representing significant percentages of the reported total profits for those years [9]. - Following these findings, Tai'an Tang's stock was ultimately delisted from the Shenzhen Stock Exchange in July 2024 due to ongoing financial losses and failure to disclose related party transactions [8][9]. Group 3: Broader Regulatory Context - The recent actions by the Guangdong Securities Regulatory Bureau reflect a broader trend of "zero tolerance" in regulatory oversight, emphasizing the importance of accountability for intermediary firms in the capital market [10][11]. - The penalties imposed on Zhongxinghua Accounting Firm for its role in the financial misconduct of Tai'an Tang demonstrate the regulatory body's commitment to enforcing compliance among auditors and financial advisors [10][11]. - Recommendations for intermediaries include improving internal management and documentation processes to better fulfill their responsibilities as gatekeepers in financial transactions [12].