The recent cross-border circle has been buzzing with excitement, with many sellers, on the one hand, embracing the mentality of a melon eating crowd, watching the cross-border marketThe current business situation of top sellers such as JOYBUY and AjMall, on the one hand, attempts to draw experience from the business history of these top sellers.
Industry insiders are aware that in the past six months, there have been a lot of negative news coming out of cross-border communication and its subsidiaries. Among them are:*ST delisting warning, suppliers coming to collect payment, being filed for bankruptcy liquidation, facing a large number of lawsuits, etc.
Recently, Cross border Connect has released several new announcements, revealing that Global eBay has entered bankruptcy liquidation procedures.
Cross border communication replied to the Shenzhen Stock Exchange, and Global eBay entered bankruptcy liquidation proceedings
Earlier, Cross border Express released a notice stating that its wholly-owned subsidiary, Global E-Buy, had been ruled by the court to accept bankruptcy liquidation. This matter has attracted high attention from the Shenzhen Stock Exchange. The Shenzhen Stock Exchange has issued a "Letter of Attention on Cross border Tongbao E-commerce Co., Ltd.", asking for detailed explanations on the bankruptcy of its subsidiary, Global E-commerce.
Subsequently, cross-border communicationOn December 11th, an announcement was issued to provide the following responses to inquiries related to the Shenzhen Stock Exchange:
1After Shenzhen Global has handed over all seals, certificates, bank account information, and financial books to the administrator in accordance with the law,Cross border communication will lose control over it, and Shenzhen Global will no longer be included in the company's consolidated financial statementsThis behavior complies with the Accounting Standards for Business Enterprises ArticleThe provisions of Article 7 of No. 33- Consolidated Financial Statements are compliant.
2 Cross border communication targetingThe 2020 annual report cannot express opinions, and the matters involved are being sorted out and resolved one by one,Shenzhen Global Entering Bankruptcy Liquidation Procedure Will Not Affect Cross border CommunicationThe 2020 annual report cannot express the substantive impact of the elimination of opinion matters.
3In response to the audit restrictions caused by personnel turnover, insufficient correspondence, and inability to provide the original vouchers and materials required for audit matters in Shenzhen Global, the Cross border Communication Special Working Group has actively dispatched professional personnel to sort out its financial issues and carry out asset and debt verification work.
4According to the Shenzhen Stock Exchange Stock Listing Rules（According to the relevant provisions of the 2020 Revision, Cross Border Communication disclosed the Announcement on the Risk Warning, Other Risk Warning and Suspension of delisting of Company Stock Trading on April 30, 2021,Cross border stock tradingStarting from May 7, 2021, it will be subject to special measures such as "delisting risk warning" and "other risk warning".
5The insiders of Shenzhen Global's bankruptcy liquidation application include Li Yong, Mei Yuegang, Wang Xiaohua, Zhang Hongxia, and Wang Yuedi.
Except for insider Mei Yuegang, who bought and sold company stocks during this period, the company's directors, supervisors, senior management personnel, and other insiders did not have the status of buying and selling company stocks.According to the statement issued by Mei Yuegang, the aforementioned transaction was based on independent judgment made by me based on the recent market environment, and is an independent act of an individual. There is no situation of profiting from insider information.
Investors sue Cross border Connect
In the announcement on the bankruptcy liquidation of a wholly-owned subsidiary by the court, Cross Border Tong issued an investment risk warning to the majority of investors.
Cross border communication means that in theAfter Shenzhen Universal enters bankruptcy proceedings, if the court designates an administrator to take over Shenzhen Universal, the company will lose control of it and Shenzhen Universal will no longer be included in the company's consolidated financial statements. The company will continue to monitor the subsequent progress of this matter and fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations. Investors are kindly advised to pay attention to investment risks.
It is reported that due to investment issues, Cross border Connect has been sued more than once.On May 20, 2021, Cross border Communication announced the completion of the implementation of the proposal letter issued by company shareholders to internal employees to increase their holdings of company stocks. According to the announcement, in 2018, company shareholders Yang Jianxin and Xu Jiadong proposed that internal employees increase their holdings of company stocks and promised to compensate if losses or returns from purchasing stock during the proposal period do not meet the standards. Currently, a total of 23 employees have received compensation of 8.35 million yuan.
Recently, Cross border Connect has been sued again, andThe difference in the results in May was that the shareholders lost the lawsuit this time.
According to the editor, Shenzhen Cross border Tongbao has announced the relevant situation after the plaintiff Wang Xijing filed a lawsuit against the company's securities false statement liability dispute was accepted.
Plaintiff Wang Xijing hopes to order Cross border Tongbao to compensate for the total investment difference, commission, stamp duty, and interest losses in the lawsuit823124.46 yuan; Order the defendant Xu Jiadong to bear joint and several liability for the above-mentioned litigation claim.
For this lawsuit, the Taiyuan Intermediate People's Court considers that it is a civil compensation lawsuit filed by Wang Xijing on the grounds of false statements in the cross-border securities market causing damage to his rights and interests, which complies with the relevant provisions of the Civil Procedure Law and should be accepted by the people's court.
However, the Taiyuan Intermediate People's Court also mentioned that the plaintiff should submit administrative penalty decisions from relevant authorities or criminal judgment documents from the people's court to prove the existence of securities false statements of facts, as a prerequisite for the people's court to accept such cases. At present, this judicial interpretation has not been abolished or revised and is still valid.
However, although there is a warning letter issued by the Shanxi Regulatory Bureau of the China Securities Regulatory Commission to Cross border Communication in this case, this warning letter is not the administrative penalty decision mentioned in the above provisions. Therefore, this case does not meet the conditions for accepting a civil case, and the plaintiff's lawsuit should be rejected.
In response, some netizens commented that cross-border approval letters that violate regulations and exploit legal loopholes are truly despicable.
However, some netizens also commented that they had lost money to the blame company, which was rejected. They asked the plaintiff if they were embarrassed or not. Rejecting is just a waste of time. Don't sue in the future.
In addition to Wang Xijing, another person has also filed a lawsuit against Cross Border Pass.
Cross border communication recently released a notice involving litigation. The plaintiff Huang Jiayun's lawsuit against Cross border Securities for false statement liability dispute has been accepted by the Intermediate People's Court of Taiyuan City, Shanxi Province, with a lawsuit amount of RMB598322 yuan.
The plaintiff believes that cross-border communicationYang Jianxin and Xu Jiadong, in order to cooperate with their own reduction of holdings and cash out, have falsified the pre disclosure of information in their annual reports for three consecutive years,There is a huge gap between pre disclosed profits and actual profitsThe profit difference is sufficient to demonstrate the significant nature of the defendant's information disclosure fraud, which constitutes a false statement. The defendant's false disclosure of information resulted in the plaintiff making incorrect investment decisions, causing significant investment losses to the plaintiff, and the defendant should bear corresponding legal responsibilities.
Plaintiff Huang Jiayun hopes that the Taiyuan Intermediate People's Court will legally award the defendant compensation for various economic losses totaling RMB in the lawsuit598322 yuan (including investment difference loss, commission loss, and interest loss); According to the law, all litigation costs in this case shall be borne by the defendant.
Cross border communication stated in the announcement that the company will conduct corresponding accounting treatment in accordance with the requirements of relevant accounting standards and the actual situation, and will continue to pay attention to the trial of relevant cases and fulfill its information disclosure obligations in accordance with the law.
Under this announcement, some netizens believe thatYang Jianxin, Xu JiadongThe use of the national securities market for fraud has caused damage to the country's reputation and should be held legally responsible.
At present, the case is still being accepted by the Shanxi Intermediate People's Court, and the outcome of the lawsuit is not yet known.