On the ground of the alleged violation letter Phi issued a delisting risk warning

Recently, KingSun issued "the stock delisting risk warning and risk of suspension of listing notice" in the disclosure, the company for alleged illegal disclosure of information, is currently being Chinese Commission investigation.

According to the announcement, if Chinese KingSun so by the Commission administrative penalties, and administrative penalty decision in the book is considered a material violation or suspicion of illegal disclosure, non disclosure of important information on the crime shall be transferred to the public security organs, the company will hit "Shenzhen Stock Exchange Listing Rules (2014 Amendment)" 13.2.1 the provisions of the issue of fraud or illegal disclosure of material information, the company's stock is subject to delisting risk warning.

KingSun was last Chinese SFC investigation dates back to May 4, 2013, the company for alleged illegal disclosure by the media questioned.

In May 13th this year, KingSun announced the Commission's findings and conclusions penalties, regulators ordered KingSun correct, given a warning and imposed a fine of 400 thousand yuan; the executive Li Xuliang fined 200 thousand yuan. At that time, the Guangdong Securities Regulatory Commission issued the "decision of administrative punishment", identified three illegal facts exist KingSun undisclosed, involving insider trading, domestic customers did not disclose the amount of related party transactions, amounting to 78 million 520 thousand yuan.

In December 13th, the reporter contacted KingSun secretaries of the board of directors section cast, he believes that for the release of delisting risk warning prompt notice, this is not the individual phenomenon, not a pointer to KingSun, this is the Commission's regular behavior.

Duan Zhu said, at present, KingSun is actively cooperate with the Commission investigation, and in accordance with the "Shenzhen Stock Exchange Listing Rules (2014 Amendment)" the relevant provisions, at least a month to a disclosure of the company's shares may be listed on the suspension and termination of the listing of the risk warning notice. If the company has been identified as the existence of information disclosure violations and other issues, the company will be in accordance with the provisions and requirements of rectification.

"At this stage the company's normal operation, not because of the risk warning and related effects. In addition, the company's operations and stock prices are not directly related. We can not judge whether the risk warning affects the company's share price. "Duan said that in the case of free trade, whether investors sell the company's stock is also a personal act.

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