① According to the regulatory authorities, the actual controller of Dingxin Communications concealed his divorce for 7 years, and his eligibility to win the bid was interrupted for 1 month before disclosure was delayed, in violation of relevant laws and regulations. ② The Qingdao Securities Regulatory Bureau plans to issue a warning and a total fine of 2.75 million yuan to the company and senior executives; the Shanghai Stock Exchange decided to publicly condemn Dingxin Communications, Wang Jianhua, the company's controlling shareholder, actual controller and then-chairman, and those responsible.
Financial Services Association, April 29 (Reporter Xiao Lianghua) Dingxin Communications (603421.SH) made the latest developments in the alleged information disclosure violation. On the evening of the 29th, the company announced that the Shanghai Stock Exchange publicly condemned the company and executives for concealing the divorce for 7 years and breaking the disclosure of information; at the same time, the Qingdao Regulatory Bureau of the Securities Regulatory Commission decided to fine the company and executives in total 2.75 million yuan.
The incident stemmed from a late announcement. On the evening of March 29, Dingxin Communications announced that the company received a notice from State Grid Co., Ltd. on February 27: due to the company's suspected irregularities, according to relevant regulations, it was decided to launch a “fusing mechanism” for all of the company's procurement categories from February 18, 2024, and to launch an investigation into the company's suspected irregularities.
Just 8 days ago, the company also announced that due to a divorce dispute between the actual controller Wang Jianhua and his spouse, 1407,9050 shares of the company were judicially frozen.
A reporter from the Financial Services Association immediately paid attention to this and published a series of follow-up reports, questioning that Dingxin Communications chose to disclose relevant information only after learning that the core customer State Grid had suspended its bid eligibility for more than a month, and that the company did not disclose information relating to the actual controller's divorce agreement property allocation lawsuit in a timely and insufficient manner. For details, see the announcement of being disrupted and delayed by the State Grid. The actual controller's divorce disclosure is unclear. Is this company “taking the lead in committing the crime”?
The Securities Regulatory Commission has filed an exchange inquiry! Is Dingxin Communications suspected of disclosing illegal employee bribery cases or the State Grid breaking the “trigger”?
The actual controller's divorce was divorced 7 years ago, and details were only disclosed today, and Dingxin Communications responded to various “find reasons”
Today, according to the latest announcement, the Qingdao Securities Regulatory Bureau determined in the “Notice” that Dingxin Communications failed to promptly disclose major changes in external conditions of production and operation and the disposition of shares held by controlling shareholders and actual controllers, in violation of the relevant provisions of the Securities Law.
Among them, Wang Jianhua, chairman of the company, Zeng Fanyi, general manager, and Ge Jun, deputy general manager and board secretary, are the supervisors directly responsible for Dingxin Communications's failure to disclose illegal acts in a timely manner; Deputy General Manager Yuan Zhishuang is specifically responsible for coordinating the work related to the national grid's handling of the fusing mechanism and participating in the decision not to disclose the fusing incident. They are other directly responsible personnel for Dingxin Communications's failure to promptly disclose illegal acts.
According to the facts, nature, circumstances and degree of social harm caused by the person concerned, the Qingdao Securities Regulatory Bureau issued a warning to Dingxin Communications and fined 700,000 yuan; issued a warning to Wang Jianhua, Zeng Fanyi, Ge Jun, and Yuan Zhishuang, and fined 1 million yuan, 500,000 yuan, 300,000 yuan, and 250,000 yuan respectively.
At the same time, Dingxin Communications announced that the company received the “Shanghai Stock Exchange Disciplinary Action Decision”. The company failed to promptly disclose the major risk matters and related impacts due to the implementation of the “fusing mechanism” by the State Grid, seriously undermining investors' right to know and violating the relevant provisions of the “Shanghai Stock Exchange Stock Listing Rules”. The Shanghai Stock Exchange decided to publicly condemn Dingxin Communications, its controlling shareholder, actual controller and then-chairman Wang Jianhua, and those responsible.
This evening, the company also released its report for the first quarter of 2024. The company's revenue for the first quarter was basically the same year on year, but the margin of loss increased year over year, from a loss of 58 million yuan in the same period last year to a loss of more than 105 million yuan.