决定书显示，亚泰集团存在违规事项：今年10月12日，公司披露《关于回购股份实施结果暨股份变动的公告》称，截至今年10月11日，本次股份回购期限届满，公司回购金额仅 398.02 万元，回购金额显著低于3000 万元的回购总额下限。1. When the repurchase period expires, the repurchase amount of Jilin Yatai Group is lower than the lower limit of the total repurchase amount, and Jilin Securities Regulatory Bureau requires corrective action. 2. Jilin Securities Regulatory Bureau has decided to take regulatory measures to order the company to make corrections and record them in the integrity files of the securities and futures markets.
On the evening of November 8, Caixin reported (Reporter Huang Lu) that the repurchase of shares only reached approximately 13.3% of the company's previously promised minimum repurchase amount, and Jilin Yatai Group received an administrative regulatory decision tonight.
Tonight, Jilin Yatai Group announced that it recently received the "Decision on Taking Corrective Measures against Jilin Yatai (Group) Co., Ltd." (Jilin Securities Regulatory Bureau Decision [2024] No. 40) issued by Jilin Securities Regulatory Bureau.
The decision shows that Yatai Group has violated regulations: on October 12 this year, the company disclosed an announcement titled "Announcement on the Implementation Results of Share Repurchase and Changes in Shareholding," stating that as of October 11 this year, the repurchase amount of the company was only 3.9802 million yuan, significantly lower than the minimum repurchase total of 30 million yuan.
The above behavior violates Article 37 of the "Listed Company Share Repurchase Rules" (CSRC Announcement [2023] No. 63). Jilin Securities Regulatory Bureau has decided to take regulatory measures to order the company to make corrections and record them in the integrity files of the securities and futures markets.
The previous commitment to repurchase amount was not achieved, but on November 2 this year, the company disclosed a new round of repurchase report for repurchasing shares through centralized bidding trading, committing to continue repurchasing company shares not less than 27 million yuan and not exceeding 30 million yuan.
Jilin Securities Regulatory Bureau emphasizes in the decision that Yatai Group should strictly follow the relevant requirements, timely complete share repurchases as disclosed within the repurchase period, and prevent the recurrence of the above violations.
Caixin reporters found that the timing of the last repurchase by Yatai Group was quite delicate. On June 27 this year, the company announced that it planned to use its own funds to repurchase company shares through centralized bidding trading. The repurchase amount is not less than 30 million yuan and not more than 50 million yuan.
As of June 25, 2024, the company's stock closing price was 0.85 yuan per share, which is lower than the company's latest audited net asset value per share of 1.77 yuan as of December 31, 2023. By October 11, 2024, the company's buyback period has expired. The average buyback price was 1.02 yuan per share, with a total fund payment of 3.9802 million yuan (excluding transaction fees). The buyback amount is far below the previously promised minimum buyback amount.
The financial report shows that the company's revenue for the first three quarters was 5.24 billion yuan, a year-on-year decrease of 33.82%; the net loss attributable to shareholders was -1.291 billion yuan. The company stated that the decrease in revenue was mainly due to market factors, reduced demand in the company's building materials and real estate businesses.
Jilin Yatai Group indicated that the company took the aforementioned decision seriously, and will effectively strengthen its study of the 'Listed Company Stock Repurchase Rules' and other laws and regulations, enhance awareness of standardized operations, and submit a written rectification plan within the specified time frame as required by the Jilin Securities Regulatory Bureau.
