退市不免责！江苏阳光收“预罚单”

Core Viewpoint - The article highlights the strict regulatory environment in China regarding companies that have been delisted, emphasizing that delisting does not exempt them from legal responsibilities and penalties [1]. Group 1: Company Violations - Jiangsu Sunshine was found to have engaged in illegal activities related to a land use rights transaction with its controlling shareholder, Sunshine Group, amounting to 170.44 million yuan, which constituted a related party transaction [2]. - The company failed to complete the necessary property rights transfer registration and did not recover the 170.44 million yuan paid to Sunshine Group by the end of 2023 [3][4]. Group 2: Regulatory Actions - Jiangsu Securities Regulatory Bureau determined that Jiangsu Sunshine's failure to disclose significant events related to the land transaction violated multiple provisions of the Securities Law, leading to potential penalties [4][5]. - The regulatory body proposed a warning and fines totaling 2 million yuan for Jiangsu Sunshine, along with individual fines for key executives involved in the decision-making process [5][6].