According to the public announcement, its controlling shareholder, Rifa Group, was suspected of violating laws and regulations on information disclosure and transferring securities in violation of restrictive regulations.
In accordance with laws and regulations, on December 30, 2024, the China Securities Regulatory Commission decided to file a case against Rifa Group.
However, Rifa Precision Machinery stated that the case was indonesia telegram data filed against the company's controlling shareholder, Rifa Group, and would not have a significant adverse impact on the company's production and operation activities.
It is worth mentioning that as early as June 2023, RIFA Precision Machinery had gone to court with its major shareholder RIFA Group over performance compensation.
It was not until the end of last year that the claim came to a conclusion: the controlling shareholder was ordered to compensate 50 million shares, and RIFA Precision Machinery repurchased the shares at a total price of 1 yuan and cancelled them according to law.
At that time, Rifa Precision Machinery responded that after the repurchase and cancellation were completed, this repurchase would not have a significant impact on the company's operations, finances and future development.
At the same time, it will not lead to changes in the company's actual controller, and the company's equity distribution still meets the listing conditions.