freeonlinedrawpokervideogames| The actual controller of Shangwei shares manipulated the securities market was sentenced! His brother was previously sentenced to 11 years of transformation and new energy progress fell short of expectations

Shangwei shares (603333FreeonlinedrawpokervideogamesAccording to the announcement tonight, the company learned that Li Guangsheng, the real accuser of the company, was sentenced to three years and ten months' imprisonment and fined 7 million yuan for the crime of manipulating the securities market. Jiang Xiangdong, the then secretary of the board of directors, was sentenced to three years' imprisonment, suspended for four years, and fined 100000 yuan. The illegal income returned by the defendant Li Guangsheng shall be confiscated and turned over to the state treasury; at the same time, the illegal income of the defendant Li Guangsheng shall continue to be recovered and turned over to the state treasury.

After learning that Li Guangsheng had been sentenced, a cooperation company with business ties to Shangwei shares lamented: "the two brothers have been sentenced one after another, and they still have to be upright as an enterprise." The partner said that it has been following the progress of the Shangwei case. "FreeonlinedrawpokervideogamesWhen we do things for them, we also walk and see how much money we take and how much work we do, and we have sent someone to their company to collect the money these days. "

It is worth mentioning that Li Guangyuan, the younger brother of Li Guangsheng and founder and major shareholder of Shangwei shares, has been sentenced to 11 years in prison. Shangwei shares, formerly known as Star Cable, was founded by Li Guangsheng's younger brother Li Guangyuan. Today, the two brothers have been sentenced one after another.

Li Guangyuan was sentenced to 11 years in prison in 2016 for bribery, bribery and false invoices for value-added tax after being investigated in a corruption case shortly after listing the star cable operation in 2012.

After the accident of Li Guangyuan, his brother Li Guangsheng became chairman of Star Cable in 2015 and later became the real controller of the company by transferring Li Guangyuan's equity and voting rights. Since then, Star Cable has changed its name to Shangwei shares.

According to the third quarterly report of 2023, Li Guangyuan and Li Guangsheng own 22.44% and 14.11% of the company, respectively. However, 71.28 per cent of Li Guangyuan's shares and 87.78 per cent of Li Guangsheng's shares were pledged.

In fact, Li Guangyuan originally pledged more stocks. In July 2023, Shangwei shares announced that Li Guangyuan defaulted because the stock pledge expired and failed to repay the debt on time, and Guoyuan Securities reduced its holdings and disposed of 6.1 million shares.

After Li Guangsheng took the helm of the company, he began to explore the transformation outside the main business of special cables, bringing in the star enterprise Conch Entrepreneurship (00586.HK) from his hometown in Anhui to join the establishment of Haichuang Shangwei and cross-border into the new energy industry of negative materials.

On May 29, 2022, the opening ceremony of the first phase of 40,000 tons of anode materials and supporting infrastructure projects was held. Less than ten days after he appeared at the opening ceremony, Li Guangsheng was taken away by the Huzhou Public Security Bureau for investigation on suspicion of manipulating the securities market and futures.

At present, the price of negative materials is low, and the progress of Shangwei shares in the transformation of new energy projects is obviously less than expected. The company previously said that "according to the schedule, the graphitized area is expected to be put into production in August 2023, and 40,000 tons of graphitized materials can be produced after it is put into production; it is expected that by the end of 2023, the first phase of the negative material integration project will reach the scheduled usable state" has failed.

In March this year, in response to the progress of the negative material project on the investor interaction platform, Shangwei only said that "the project is actively and steadily progressing, and please pay attention to the company's regular reports on the progress of the project."

(article source: financial Union)

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