ST Caesars Claim Update:
On June 19, 2024, Kaiser Tongsheng Development Co., Ltd. issued the "Reminder Announcement on the Progress of the Company's Non-operating Capital Occupation and the Continued Implementation of Other Risk Warnings", which shows:
1. In accordance with the relevant laws, regulations and regulatory rules such as the "Regulatory Guidelines for Listed Companies No. 8 - Regulatory Requirements for Capital Transactions and External Guarantees of Listed Companies", Caesar Tongsheng Development Co., Ltd. (hereinafter referred to as "Caesar Tourism" or the "Company") actively conducted a comprehensive self-inspection on the capital transactions, capital occupation and external guarantees of the original controlling shareholder and its related parties, and issued the " Reminder Announcement on Self-Examination of the Occupation of Non-operating Funds by the Controlling Shareholder and Its Related Parties (Announcement No.: 2023-031), combined with the "Special Audit Report on the Summary Table of Non-operating Capital Occupation and Other Related Capital Transactions of Caesar Tongsheng Development Co., Ltd." (Zhonghuan Zhuanzi [2023] 1700040) issued by Zhonghua Zhonghuan Certified Public Accountants (Special General Partnership) on the same day, as of December 31, 2022, Caesars Sega Travel Management Consulting Co., Ltd. (hereinafter referred to as "Caesars Sega") and its affiliates have non-operating capital transactions of 781.0442 million yuan with the company, which constitutes the occupation of non-operating funds.
2. On April 29, 2023, the company's stock trading was subject to other risk warnings due to the above-mentioned capital occupation matters touching Article 9.8.1 (1) of the Stock Listing Rules (Revised in August 2023) "The company has capital occupation and the situation is serious".
The above-mentioned non-operating capital occupation matters have been liquidated, but up to now, the company has not received the investigation conclusion of the relevant regulatory authorities on the capital occupation matters, the matter has not yet been completed, and the corresponding other risk warning situations have not been eliminated, so the company's stock trading still has Article 9.8.1 (1) of the Stock Listing Rules (revised in August 2023), and other risk warnings will continue to be implemented. The company will also continue to pay attention to the progress of this matter, and apply to the Shenzhen Stock Exchange for the revocation of other risk warnings in a timely manner when the situation is eliminated.
Prior to this, on September 5, 2023, Caesar Tongsheng Development Co., Ltd. (hereinafter referred to as the Company or Caesar Tourism) disclosed that the Company and the actual controller of the Company received the Notice of Case Filing issued by the China Securities Regulatory Commission on September 4, 2023. Due to suspected violations of laws and regulations in information disclosure, the China Securities Regulatory Commission decided to file a case against the company and its actual controller in accordance with the Securities Law, the Punishment Law and other laws and regulations.
It is worth noting that: on April 29, 2023, Caesars Travel disclosed that as of December 31, 2022, The controlling shareholder, Caesars Sega Travel Management Consulting Co., Ltd. and its affiliates, have non-operating capital transactions of 780 million yuan with the listed company, which constitutes non-operating capital occupation, including capital transactions with related parties directly or indirectly through business activities without substantial business background or beyond the normal business scale, non-operating occupation of 450 million yuan of listed companies' funds, payment of 71 million yuan to related units in the name of payment of third-party operating arrears, collection of 29 million yuan by related parties when the third-party operating accounts receivable collection, and payment of remuneration of 407,000 yuan on behalf of related units; Beijing Zhenxiang Yueli Cultural Development Co., Ltd., Aladdin Aviation Co., Ltd., and Hainan Caesar Sega Tourism Development Group Co., Ltd., which were jointly invested by the company and the controlling shareholder's control related units, with a total investment amount of 230 million yuan, failed to effectively carry out business after the investment, and were also identified as non-operating capital occupation.
According to the Securities Law and the Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market, listed companies shall be liable for civil compensation if their rights and interests are damaged due to illegal information disclosure and misrepresentation, and the injured investors have the right to claim compensation for losses.
ST Caesar's reference claim conditions are as follows:
Claims can be made if one of the following applies:
1. Those who bought 000796 Caesars Tourism before April 28, 2023, and sold or held it after April 29, 2023 (inclusive);
2. Those who bought 000796 Caesars Travel before September 4, 2023, and sold or held it after September 5, 2023 (inclusive).
The above claim registration conditions only represent the views of Xie Baoping's financial and securities team, and are not used as any securities investment decisions and trading recommendations, and are subject to the court's final determination.
ST Caesar's violation is based on:
On September 4, 2023, Caesar Tourism received the Notice of Case Filing (No. 2023029006 and No. 2023029005) issued by the China Securities Regulatory Commission.