The aftermath of the LeTV fraud incident has not yet come, and the supervision and punishment of the Baodai involved has been implemented recently!
After the market on June 27, Emma Technology (SH603529, stock price 74.30 yuan, total market value 30.5 billion yuan) and Qingdao Foods (SZ001219, stock price 22.75 yuan, 2.6 billion yuan) announced that Luan Peiqiang could not continue to perform the company due to job changes. Ongoing supervision of job responsibilities.In addition, on April 13, Tianzhihang (SH688277, stock price of 14.48 yuan, total market value of 6.1 billion yuan) issued an announcement that Mr. Wang Jiasheng will no longer continue to serve as the company's continuous supervision and sponsor representative due to job changes.
As the sponsor representatives of LeTV's listing, the above-mentioned two persons were recently identified as inappropriate candidates, and they shall not serve in the securities company's securities issuance and listing sponsorship business for 10 years or actually perform the above-mentioned duties.Just before and after the supervision and punishment were imposed, the two people's insurance careers were also deeply affected.In this regard, some people in the industry called out, "Baodai's career is void", only to change careers.
At present, 2 people are working in CITIC Securities (SH600030, stock price of 21.80 yuan, total market value of 323.1 billion yuan) and China Securities Construction Investment (SH601066, stock price of 28.80 yuan, total market value of 223.4 billion yuan). For the above two sponsor representatives, the two securities firms What arrangements will be made in the future, the "Daily Economic News" reporter asked the two brokerages separately on June 27, but as of press time, neither of the two brokerages responded.
Change of Sponsor Representative by Listed Company
Last Friday evening, the Shenzhen Securities Regulatory Bureau issued regulatory measures for the four responsible persons involved in LeTV’s fraud, including Xue Rongnian, Gong Hanting, Luan Peiqiang, and Wang Jiasheng. Among them, Luan Peiqiang and Wang Jiasheng, as the sponsor representatives at the time, were deemed inappropriate Candidates shall not hold positions related to the securities issuance and listing sponsorship business of securities companies or actually perform the above-mentioned positions within 10 years from the date when the decision on the regulatory measures is made.
The "Daily Economic News" reporter learned that Xue Rongnian and Gong Hanting, who were punished this time, have left the securities industry for many years.The two sponsor representatives, Luan Peiqiang and Wang Jiasheng, recently left the projects they continued to supervise.
On the evening of the 27th, Emma Technology and Qingdao Foods both announced that they received a letter from CITIC Securities that due to work arrangements, Mr. Luan Peiqiang could not continue to perform the company's continuous supervision duties.
According to the website of the Securities Association of China, Luan Peiqiang joined Hualin Securities after leaving his old owner Ping An Securities in March 2012, joined Shanghai Huaxin Securities in July 2015, and joined CITIC Securities as a sponsor representative in August 2017.
The "Daily Economic News" reporter learned that Luan Peiqiang completed one non-public offering project in Shanghai Huaxin Securities and two IPO projects in CITIC Securities.
In addition to Emma Technology and Qingdao Foods, which announced changes to the continuous supervisors, on April 13, Tianzhihang issued an announcement that Mr. Wang Jiasheng would no longer continue to serve as the company's continuous supervision and sponsor representative due to job changes.
According to the website of the Securities Association of China, Wang Jiasheng left Ping An Securities in November 2012 and joined Hualin Securities, and joined China Securities in June 2014 as a sponsor representative.
The "Daily Economic News" reporter learned that Wang Jiasheng completed 2 non-public offering projects and 3 IPO projects in CITIC Construction Investment.
In addition, in April this year, the first-phase counseling work filing report of Suzhou Baker Microelectronics Co., Ltd. also showed that Wang Jiasheng was originally one of the counseling team members, but CITIC Construction Investment decided to reduce the number of counselors Wang Jiasheng and add a new counselor.Also in April, the progress report on the counseling work of Jiangsu Botao Intelligent Thermal Engineering Co., Ltd. (Phase 1) showed that due to the adjustment of work arrangements, Luan Peiqiang no longer served as the leader of the counseling group, but was still a member of the counseling group.
Regarding the above-mentioned two sponsor representatives, what arrangements will CITIC Securities and China Securities Co., Ltd. have in the future, the "Daily Economic News" reporter asked the two securities companies respectively on June 27, but as of the press release, the two securities companies have not respond.
Industry insiders: The two need to change careers
It has been 12 years since LeTV went public in 2010, and the supervision has still taken stricter supervision measures on the relevant responsible persons, especially the two sponsor representatives who are still engaged in the sponsorship business in the securities industry.And this is also seen as under the new securities law, IPO projects can be held accountable for life.Attorney Xu Feng, director of Shanghai Jiucheng Law Firm, said: "As long as it is required to be retroactive according to the law, there is no need to consider how long (the time interval) is."
Regarding the future employment of the above-mentioned two sponsor representatives, on the afternoon of the 27th, a person from a medium-sized brokerage told reporters on WeChat that "the career of the sponsor is void."He further explained, "Baodai is actually on-site, working overtime and staying up late on business trips. 28-35 years old is the golden age for Baodai, after 35 years old, physical strength is weak, and there are many family affairs. Now 10 years can not be engaged in sponsorship business, quite a lot. Yu Baodai’s career has been abolished. As long as he is forced to make a transition, many Baodai have changed their careers to invest or go to companies as board secretaries. There should be very few who have worked in investment banks until they are over 40 years old.”
Similarly, as for the transition, some top brokerage investment bankers said that they have been identified as inappropriate candidates for 10 years, which means that the two need to change careers.
The China Securities Regulatory Commission has stated many times that it will fully implement the "zero tolerance" law enforcement concept, further strengthen the supervision of intermediaries such as sponsors and accounting firms, tighten the responsibilities of intermediaries, and urge intermediaries and their practitioners to perform their duties. , effectively play the role of "gatekeeper" in the capital market, and safeguard the legitimate rights and interests of issuers and investors.Inquiries from the Securities Association of China show that since 2021, regulators have taken relevant regulatory measures against 121 sponsor representatives, of which 33 have been this year.
Reporter | Chen Chen Editor | Peng Shuiping Sun Zhicheng Yi Qijiang Du Hengfeng
Proofreading|Wang Yuelong
Edit:Wen Jing
Keywords:LeTV
