Senke Environmental Protection is under investigation for suspected violations of disclosure laws investors who have suffered losses can sign up to participate in rights protection

Radar Finance presents|Article by Wu Mo|Deep Sea
On June 5th, Xianhe Environmental Protection issued an announcement regarding the receipt of the “Notice of Filing” from the China Securities Regulatory Commission.
Recently, Xianhe Environmental Protection received a “Notice of Filing” (No. Zheng Jian Li An Zi 0162024007) issued by the China Securities Regulatory Commission (referred to as the “CSRC”), due to the company’s suspected violations of information disclosure laws and regulations. In accordance with the Securities Law of the People’s Republic of China and the Administrative Penalty Law of the People’s Republic of China, the CSRC has decided to initiate a case against the company.
In response to this, Zhang Yanwei, the director of Shanghai Renying Law Firm, told Radar Finance that, according to the Securities Law and related regulations, investors who have suffered losses due to misconduct by a listed company can seek compensation through legal means. Investors who purchased Xianhe Environmental Protection’s stocks before June 5, 2024, and still held them at the close of June 5, 2024, can sign up for free compensation through the official account “Lei Zhu Ba” (Lei Zhu Code: 88). No fees will be charged before receiving compensation.
Radar Finance noted that on May 15th, Xianhe Environmental Protection issued an announcement regarding the partial lifting of the judicial freeze on some shareholders’ shares.
The company recently discovered through the system of the Shenzhen branch of the China Securities Depository and Clearing Corporation that the company’s shareholder Li Yuguang had partially lifted the judicial freeze on some of his shares.
The total number of shares unfrozen by Li Yuguang this time amounts to 17.104 million shares, accounting for 27.15% of his shareholding and 3.19% of the company’s total share capital.
A special risk warning indicates that on April 10, 2024, Xianhe Environmental Protection disclosed a “Notice of the Intended Change of Control and Shareholders’ Equity Changes”. Shareholder Li Yuguang intends to transfer 55.66 million shares to Yao Guorui (referred to as the “acquirer”) in two separate transactions. The first share transfer amount is 28.7809 million shares that were not pledged by Li Yuguang at the time and were not subject to judicial freeze or other rights restrictions. After the judicial freeze on Li Yuguang’s shares is lifted, he plans to transfer the remaining 26.8791 million shares to the acquirer. After the lifting of the judicial freeze, Li Yuguang holds a total of 30.7089 million shares of the company that are not pledged or subject to judicial freeze, accounting for 48.75% of his shareholding and 5.72% of the company’s total share capital. He still holds 32.282 million shares that are subject to judicial freeze, accounting for 51.25% of his shareholding and 6.02% of the company’s total share capital, posing the risk of forced disposal, which may affect the subsequent transfer of shares to the acquirer and potentially impact the stability of the company’s controlling rights.
Tianyancha data shows that Xianhe Environmental Protection has a paid-up capital of 89.886 million RMB and completed an IPO in 2010 with a trading amount of 660 million RMB.