baccaratharcourt1841| Songyang Resources Investor Claims Case has been filed in court, Shanghai Electric Claims Case Countdown

April 10, 2024Baccaratharcourt1841Matsu Resources (Rights Protection) (603863), an investor claim case represented by Xu Feng of Shanghai Jiucheng Law firm, has been filed with the Shantou Intermediate people's Court and is currently waiting for the court's review arrangement. at the same time, we are still promoting the follow-up filing work. (lawyer Xu Feng's column)

Songyi Resources announced on April 7, 2022 that it received the written decision on Administrative Supervision measures of the Guangdong Regulatory Administration of the Securities Regulatory Commission "on the measures of issuing warning letters to Guangdong Songfu Renewable Resources Co., Ltd., Wang Zhuangpeng, Cai Jiantao, Chen Jianfeng and Lin Guide". It shows that there are the following violations:

1. The relevant information on the flow of funds of related parties has not been reviewed and disclosed in 2019.

(2) the illegal use of funds raised is not disclosed.

Third, the disclosure of the 2019 internal control self-evaluation report is not accurate.

After investigation, Songfu Resources did not strictly implement the relevant internal control provisions such as the provisions on the examination and approval of Financial payment, and made a prepaid payment to the source of positive students in 2019.Baccaratharcourt18418500 million yuan, of which 153 million yuan was prepaid without contracts, invoices and other materials; in 2019, 206 million yuan was paid in advance to 15 equipment suppliers such as Fuxiang Machinery, making up all contracts, application forms and other materials. the above situation reflects that there are serious defects in the company's internal control.

Lawyer Xu Feng believes that based on the above illegal facts, investors who buy Pine Resources shares between June 21, 2019 and April 30, 2021, and sell or continue to hold shares after April 30, 2021, can file a claim. (Matsushita resource rights protection entrance)

In addition, on April 3, 2024, the investor claim case of Shanghai Electric (Rights Protection) (601727) represented by lawyer Xu Feng was once again submitted to the Shanghai Financial Court for filing.

The Shanghai Electric Investor claim case represented by lawyer Xu Feng has been formally filed by the Shanghai Financial Court and is now waiting for the court to make further arrangements.

On December 25, 2022, Shanghai Electric (601727) announced that it received the "decision on Administrative punishment" issued by the Shanghai Regulatory Administration of the Securities Regulatory Commission. It has been found that the illegal facts of Shanghai Electric are as follows:

I. failure to disclose relevant major events in a timely manner

II. There are false records in the 2020 Annual report

Shanghai Electric underestimated 518 million yuan in the provision for bad debts related to accounts receivable in the 2020 annual report, resulting in a total profit of 518 million yuan, accounting for 8.16% of Shanghai Electric's total profits in the current period.

Lawyer Xu Feng, director of Shanghai Jiucheng Law firm, believes that according to provisions such as the Securities Law, investors who buy Shanghai Electric shares between March 27, 2021 and May 31, 2021, and sell or continue to hold shares after May 31, 2021, can also file claims. Shanghai Electric investors' claims have entered the final countdown to remind investors to pay more attention. (Shanghai Electric Rights Protection entrance)

(this article is contributed by lawyer Xu Feng, director of Shanghai Jiucheng Law firm, and does not represent Sina's financial position. Lawyer Xu Feng, who has been a lawyer since 2008, has been a claim agent in the field of securities fraud, such as misrepresentation, insider trading, market manipulation and so on. Over the past ten years, investors who have represented nearly 200 stocks have won the case or obtained compensation through mediation, and in the same period, they have also won or mediated claims for nearly 300 stocks within the limitation of action, and some of them have already won the case and obtained compensation through mediation. License No.: 13101200810965495)

Tags:

Prev: nominimumdepositonlinecasino| Bawang Tea Ji has been listed in the United States again, with more than 4,000 stores
Next: megaballlottery|全球单体产能最大PTA项目投产