The hottest listed companies are expressly prohibi

Listed companies are expressly prohibited from misappropriating the raised funds to participate in securities trading. The CSRC recently issued a notice, expressly prohibiting listed companies from misappropriating the raised funds to participate in the placement and purchase of new shares, or for the trading of stocks and their derivatives or convertible bonds

the person in charge of the relevant department of the CSRC pointed out that individual listed companies did not establish the fundamental purpose of maximizing the interests of shareholders. After raising funds, they did not focus on their main business and brought returns to investors who were ideal products to replace imports. Instead, they took the so-called shortcut and engaged in high-risk investments that they were not familiar with. This not only violated the original intention of raising funds in the securities market, but also brought huge risks to the company's operation

the notice requires that the use of the raised funds of listed companies must comply with the relevant laws and regulations. In addition to prohibiting listed companies from misappropriating the raised funds to participate in the allotment and subscription of new shares, or for the trading of stocks, their derivatives or convertible bonds, listed companies are also required to improve the internal control system for the storage of raised funds, make them solid, timely perform the obligation of information disclosure, and strengthen the directors Supervisors and senior managers consciously maintain the safety of the company's assets

the person in charge said that the CSRC will take standardizing the use of raised funds as one of the priorities of its work this year. On the basis of strengthening on-site inspection, it will take corresponding regulatory measures against unauthorized or disguised changes in the use of raised funds, misappropriation of raised funds for investment in stocks or convertible bonds and other issues. If the circumstances are serious, listed companies and relevant personnel will be investigated

according to the person in charge of the relevant department of the CSRC, Cai Guoshu published the article "Qinghai gelatin: the best choice for the backdoor listing of Bohai Securities" on Sina Finance and Economics on March 7, 2007, declaring that "Qinghai gelatin has a strong expectation of being backdoor listed by Bohai Securities". On March 12, 2007, Cai Guoshu published the article "Liaoyuan Deheng: the best platform for backdoor listing of Dongguan securities" on Hexun blog, saying that "Liaoyuan Deheng naturally became the right choice for backdoor listing of Dongguan securities". The above information is seriously untrue. At present, it has affected the company's share price. Cai Guoshu is suspected of violating laws and regulations and is put on file for inspection