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Huaren Pharmaceutical's controlling shareholder illegally reduces holdings and fines 13 million yuan
Release Time:2019-04-25
China Securities Net News (Reporter Chen Tianyi) Huaren Pharmaceuticals announced that the controlling shareholder Huaren Century Group received the "Administrative Penalty Decision" issued by the China Securities Regulatory Commission on November 13 and imposed 1,300 on the excessive reduction of Huaren Century Group's holdings. A fine of 10,000 yuan was imposed and the person in charge, Dong Chuanwen, was fined 400,000 yuan.
In January this year, when Huaren Century Group reduced its shareholding by 5%, it did not stop selling Huaren Pharmaceutical’s shares before fulfilling its reporting and disclosure obligations. The number of shares held in violation of the law was reduced to 26,873,639 shares. The holding amount is RMB 180,053,381.
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