Xingyu shares 500 million yuan investment has not been announced alleged to be in violation of regulations

Xingyu shares, the manufacturer of the headlights, are heading for the “hurried” expansion. The company’s only IPO project at the time of IPO’s “1 million sets of headlights per year” project has not achieved the expected benefits and the production capacity has not been fully released. Pushing Changzhou, Foshan and Changchun to "three steps", the future will not rule out the introduction of refinancing plans.

The announcement of Jilin Changchun Automobile Economic and Technological Development Zone shows that Xingyu is carrying out the “1 million sets of headlights project per year” in Jilin Changchun, with a total investment of 500 million yuan. The reporter looked through the company's board of directors and the minutes of the shareholders' meeting, and found that the company disclosed the investment plan of up to 500 million yuan, which accounted for more than 20% of the company's recent audited net assets.

On August 26, Xingyu's Dongshou Huang Hefa told reporters that he was present at the company meeting. The board of directors and the shareholders' meeting had already passed the above-mentioned investment of 500 million yuan in Changchun. The reason why it was not disclosed was because the regulatory authorities did not ask for it.

Some investors said that the agenda of the shareholders' meeting usually needs to be disclosed in advance, and the agenda of the shareholders' meeting of Xingyu shares does not mention Changchun's 500 million yuan investment project.

On August 27, the reporter contacted Li Jian, a senior partner of Zhejiang Yufeng Law Firm, on the above matters. He said that the investment amount of the Changchun project is 500 million yuan, accounting for more than 20% of the latest audited net assets of Xingyu. According to the "Shanghai Stock Exchange Listing Rules", it belongs to the "transaction that should be disclosed", but Xingyu shares So far, the announcement has not been issued according to law, and it is obviously suspected of being in violation of regulations.

Mr. Li further analyzed that although the resolutions of the board of directors of Xingyu and the resolution of the shareholders' meeting agreed to use the over-raised funds to purchase the land use rights of the Foshan and Changchun projects, this does not exempt Xingyu shares from investing 500 million yuan in the Changchun project. Obligations, especially in the case of the Changchun project EIA report publicized on the government's official website, the disclosure method of “smashing sesame seeds and losing watermelon” seriously infringes on the legitimate rights and interests of investors, and may also lead to illegal acts such as insider trading.

(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

Product parameters

Description: Smart RGBW GU10 Spotlight
Material: Die-cast aluminum
Product dimension: 50mm*62mm
Protocol: Bluetooth Mesh 4.1
Color: RGB+W
Color Temperature: 3500K
Beam angle: 35°
LED Power: 5W
Luminour Flux: 300LM




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Spot Light 2


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