Legal analysis: if the purchaser or the controlling shareholder of the purchaser uses the listed company to make an acquisition and damages the legitimate rights and interests of the acquired company and its shareholders, it shall be ordered to make corrections and given a warning; If the circumstances are serious, a fine of not less than one hundred thousand yuan but not more than six hundred thousand yuan shall be imposed. If losses are caused to the acquired company and its shareholders, it shall be liable for compensation according to law. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.
Legal basis: Article 134 of the Company Law of People's Republic of China (PRC). When the company is approved by the the State Council Securities Regulatory Authority to issue new shares publicly, it must announce the prospectus and financial accounting report of the new shares, and make a subscription.
The provisions of Articles 87 and 88 of this Law shall apply to the company's public offering of new shares.