There is an impact. It is currently under investigation by the Securities and Futures Commission.
On February 23, Yihua Healthcare Co., Ltd (Yihua Health, 000150) announced that its controlling shareholder, Yihua Enterprises (Group) Co., Ltd, and actual controller Liu Shaoxi received a Notice of Investigation from the China Securities Regulatory Commission (CSRC), which decided to investigate the company's case for suspected manipulation of the securities market and for failing to disclose the information about changes in its shareholding in accordance with the regulations.
Yihua Health said the investigation will not have an impact on the company's normal business activities, the company will continue to pay attention to the progress of the above matters, in strict accordance with regulatory requirements to fulfill the information disclosure obligations. But if the results of the investigation is the right thing but there is operational behavior, the company's stock is a significant impact. Perhaps will face a huge fine or affect the company's integrity issues and further financing, or touch the delisting.
Liu Shaoxi has ? godfather of Chaoshan capital? s Yihua system has already faced a crisis.
Yihua Health: involved in medical care + pension
2019 annual report information shows that Yihua Health was listed on the Shenzhen Stock Exchange in 2000, and its controlling shareholders have changed many times, from September 2007 to Yihua Enterprises (Group) Co.
According to its official website and annual report information, Yihua Health's main business is divided into two major segments: medical and senior care, specifically including hospital investment and management, medical logistics services, medical specialty engineering, medical device research and development and manufacturing, Internet healthcare, and mid- and high-end senior care services and nursing.
Yihua Health's own development is not optimistic, February 3, Yihua Health had also issued a notice that the company and a number of banks, financing and re-guarantee companies and other lawsuits, and Yihua Health 2020 results forecast a loss, net profit loss is expected to be in the range of 550 million yuan to 750 million yuan.
As of the close of business on February 23, Yihua Health reported 2.32 yuan/share, down 4.13%, with a market value of 2.036 billion yuan.
Liu Shaoxi: ? godfather of Chaoshan capital?About Liu Shaoxi, Yihua Health annual report did not have a detailed introduction, and its story can be another listed company under the Yihua Group Yihua life (600978) to say, Yihua life also in the evening of February 23rd released a notice announcing that the real controller of the Liu Shaoxi by the Securities and Futures Commission opened an investigation.
Yihua life formerly known as ? Yihua Wood?
Yihua Life, formerly known as Yihua Wood, went public in 2004 and has ? Shantou, the first listed private company? The company's main business is in the home furnishings industry.
For Liu Shaoxi, Yihua Life 2019 annual report information said, he was born in December 1963, is an outstanding representative of the Chaozhou businessmen, China's outstanding private entrepreneurs, but also the twelfth and thirteenth session of the National People's Congress, and at the same time served as vice president of the China Chamber of International Commerce, vice chairman of the China Committee of the Silk Road Business Council, vice chairman of the B20 China Business Council, China-Gabon Business Chairman of the China-Gabon Business Council, the founding president of the Hong Kong Chinese Chamber of Commerce and other social positions. Liu Shaoxi has also been honored with the China Charity Award. China Charity Award Mr. Liu Shaoxi has also been awarded the China Charity Award. Top Ten Charitable Figures of Guangdong Province? Mr. Liu Shaoxi has also been awarded the China Charity Award National May 1st Labor Medal? and other honors.
In 2014, Liu Shaoxi lost contact. At that time, the "Huaxia Times" in a report detailed its path to fortune: the use of borrowed 800 yuan to buy wood, do the work of making furniture. 1991, because of a meal with German friends, recognized on the road to the wood industry, and ultimately from the development of a small workshop for a listed company. The Huaxia Times also said in the report, Chaoshan business people called Liu Shaoxi as ? Godfather of capital? In addition, because of the achievements in the home wood industry, there are people called Liu Shaoxi as ? wood industry king?
2017? The two sessions? During the period, Liu Shaoxi accepted media interviews as a representative of the National People's Congress.
Yihua Life's performance in the capital market is equally dismal. While announcing that Liu Shaoxi was under investigation by the Securities and Futures Commission (SFC), Yihua Life announced that Liu Weihong, a director of the company, had also been investigated for suspected manipulation of the securities market.
Just on February 22, Yihua Life also received a notice from the Shanghai Stock Exchange stating that as of February 22, 2021, the company's stock had been trading at a daily closing price of less than CNY1 for 20 consecutive trading days, which had touched the conditions for termination of listing.