According to the CSRC, Wei Long Media's acquisition of listed companies by shell companies under the circumstances that its domestic capital preparation is insufficient and the financing of relevant financial institutions has yet to be approved, which has great uncertainty and rashly announced, seriously misleading the market and investors.
At the end of 20 16, wanjia culture announced that Wei Long Media planned to acquire 29 14% shares of wanjia culture for 3.06 billion yuan. Except for its own capital of 60 million yuan, the rest of the funds are all involved, and the leverage ratio is as high as 5 1 times.
The reason of the CSRC is to announce the acquisition information rashly when the performance ability and performance result are not exact and the authenticity and accuracy of the acquisition behavior cannot be guaranteed. Due to the superposition of celebrity effect and other factors, its behavior seriously misled the market and investors, aroused great concern from the market and the media, and caused the stock price of Wanjia Culture to fluctuate greatly, seriously disrupting the normal market order. ?
In addition, the investigation by China Securities Regulatory Commission shows that there are false records and major omissions in the information disclosure of Wei Long media about financing plans and arrangements.
The CSRC intends to order Wanjia Culture to make corrections, give a warning and impose a fine of 600,000 yuan; Give Kong Deyong a warning and impose a fine of 300,000 yuan; Wei Long media was ordered to correct, given a warning and fined 600,000 yuan. At the same time, the CSRC plans to give warnings to Huang Youlong and Zhao Wei, impose a fine of 300,000 yuan respectively, and take measures to ban them from the securities market for five years respectively.
Zhao Wei also stand on the event.