Yesterday, the SZSE gave a heavy blow again, imposing the public reprimand on a controlling shareholder Multi-Profit Asia-Pacific Investment Limited of Shenzhen International Enterprise Company Limited (Stock Code:000056), its de facto controller Zhang Jing and a concerted party Zhang Huabing due to their serious breach of acquisition commitment. With respect to the aforesaid acts breaking regulations committed by the three parties and the relevant punishment, the SZSE will put them on the record for the integrity and creditability of listed companies, and make them public.
According to the person in charge of the case, it was clear through investigation that the three parties made a commitment, agreeing to not reduce the holding of B-shares acquired through the acquisition in next 12 months as of May, 2009, but, on October 15, 2009, Zhang Jing, the de facto controller of Multi-Profit Asia-Pacific signed the Equity Stake Transfer Agreement with Zheng Kanghao?selling 51 percent equity stake in Multi-Profit Asia-Pacific, and the formality for the transfer of the above equity was completed on October 16, 2009. As a result, the act seriously went back on the commitment.
The relevant person in charge of the SZSE hereby gives a reminder once again that the market players including listed companies, shareholders, de facto controllers, purchasing party, shall take a good lesson from the case, strictly comply with the relevant laws and regulations including the “Securities Law”, conscientiously fulfill the commitment made, carry out the standardized operation on the basis of good faith and creditability. The SZSE will continuously follow the principle of stringent supervision and regulation, especially in respect of commitments made by market player, and in case where acts in violation of regulations or bad faith acts are found, the SZSE will take serious investigation, firmly crack down such acts, practically safeguard the order of the securities markets and protect the legitimate rights and interests of investors.
