退市不免责 又一家退市公司被重罚3.75亿元！

Core Viewpoint - Yili Clean Energy Co., Ltd. has been penalized with a fine of 375 million yuan due to financial fraud, related guarantees, and fund occupation from 2016 to 2023, highlighting the regulatory stance that "delisting does not exempt from liability" [1][4]. Group 1: Regulatory Actions - The Inner Mongolia Securities Regulatory Bureau plans to impose a total fine of 375 million yuan on Yili Clean Energy, its controlling shareholder Yili Resources Group, and 29 related responsible individuals [3][4]. - Yili Clean Energy is set to face a fine of 210 million yuan, while Yili Resources Group will incur a fine of 30 million yuan [3]. - The regulatory actions include market bans for seven directly responsible individuals, with penalties ranging from five years to lifetime bans [3][4]. Group 2: Context of Delisting - Yili Clean Energy was delisted in July 2024 after its stock price fell below 1 yuan for 20 consecutive trading days [2]. - The company was under investigation by the Securities Regulatory Commission prior to its delisting, indicating that the penalties were anticipated [2][3]. Group 3: Broader Implications - Since the beginning of 2024, the Securities Regulatory Commission has investigated 67 delisted companies for illegal activities, with 46 cases resulting in final administrative penalties totaling 1.246 billion yuan [4]. - The regulatory approach aims to deter companies from evading legal responsibilities through delisting, thereby promoting better governance among listed companies and protecting investors' rights [1][4][5].