The second one this year! After 31 years of being listed, *ST Dongfang is set for Delisted due to face value.
① *ST Orient Group Incorporation closed again at the limit down today, with a closing price of 0.58 yuan/share. Even if it hits the limit up for the next ten trading days, it will not be able to return to above 1 yuan; ② The company becomes the second listed company this year to face (Delisted) after *ST Xulan, with a lock on its par value; ③ Orient Group Incorporation was listed in 1994. As of the end of the third quarter last year, the number of shareholders was approximately 0.129 million, and the actual controller is Zhang Hongwei.
Many individuals have been penalized and will be listed as *ST! Orient Group Incorporation is on the "brink of life and death" | Quick read announcement.
① Orient Group Incorporation received the "Notice of Administrative Penalty" from the Securities Regulatory Commission, and several people including the actual controller Sun Hongwei were penalized; ② The company's Stocks were suspended from trading on March 17, and resumed trading on March 18 with a delisting risk warning.
Express News | DeepSeek-R2 will be released on March 17, and there has been no official response yet.
Suspected of major financial fraud! Orient Group Incorporation is currently at risk of being (Delisted). How can the rights of 0.129 million Shareholders be protected?
① The China Securities Regulatory Commission reported that it has preliminarily determined that the financial information disclosed by Orient Group Incorporation from 2020 to 2023 is severely inaccurate, suspected of significant financial fraud, which may involve serious violations that lead to (Delisted); ② As of the end of the third quarter of 2024, Orient Group Incorporation still has 0.129 million Shareholders, raising concerns about how investors can protect their legal rights.
Express News | Hong Kong stock steel shares surged in the short term, CHINA ORIENTAL rose more than 30%, CHONGQING IRON rose more than 14%, Angang Steel rose more than 11%, and MAANSHAN IRON rose nearly 9%.
The final chapter of the litigation battle between the two state-owned enterprises in Nanjing: Soho Holly Corporation's compensation is determined, with profits expected to decrease by over 30 million in 2024.|Quick read announcement.
① The judgment of the second instance (final judgment) of the lawsuit between Soho Holly Corporation and Nanjing Business & Tourism Corp., Ltd. is to reject the appeal and uphold the original ruling, with the former paying the latter 22.122 million yuan in goods payment and penalty; ② Both parties are state-owned enterprises and located relatively close to each other, but the litigation dispute has been prolonged, originating from a contract fraud committed by Soho Holly Corporation employees; ③ Soho Holly Corporation stated that this matter will impact the company's profit and loss for the year 2024, with the estimated amount being approximately 30.17 million yuan.