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On May 17, 2024, Zhejiang Furun Digital Technology Co., Ltd.(securities abbreviation: ST Furun, securities code: 600070) received the "Administrative Penalty Decision" issued by the Zhejiang Supervision Bureau of the China Securities Regulatory Commission ([2024] No. 18,[2024] No. 19,[2024] No. 20).
It was found that Zhejiang Furun and related personnel had the following illegal facts: by fabricating business, they inflated operating income and operating costs, resulting in the company's disclosure of false records in the 2020 annual report and the 2021 annual report and the 2022 semi-annual report.
The case of misrepresentation against ST Furun Securities by some investors represented by Lawyer Luo Jianxin is currently proceeding in an orderly manner, and qualified investors will join the claim as soon as possible. The claim conditions are tentatively set as follows: Damaged investors who buy stocks between 2021-04- 27 and sell or still hold the stocks at the close of 2023-04-28 may claim compensation from the company. The claim conditions will ultimately be subject to the court's determination. (ST Furun Rights Protection Entrance)
Lawyer Luo Jianxin said:
According to the latest provisions of the Securities Law and relevant judicial interpretations of the Supreme People's Court, the information disclosure obligor violates the provisions of laws, administrative regulations, rules and normative documents formulated by regulatory authorities on information disclosure, and contains false records or misleading in the information disclosed. If a statement or a major omission, the people's court shall determine it as a false statement. The scope of compensation includes: investment differences, commissions, stamp duty and interest losses.
Lawyer Luo Jianxin reminds of litigation matters: (Lawyer Luo Jianxin's column)
1. The statute of limitations for cases is 3 years. After the statute of limitations expires, investors will lose their right to win the case.
2. Investors need to prepare a list of claim materials:
2asiangamesguangzhou.1. Stock trading records (or statements)asiangamesguangzhou;
2.2, securities account supporting materials;
2.3, scanned copies of the front and back sides of the ID card.
3. The above-mentioned reminder of the claim conditions, compensation objects and scope are for reference only, and the final determination of the effective judgment of the court shall prevail.
4. Legal fees are for risk agency and will be paid after the investor actually receives compensation.
(This article was contributed by Lawyer Luo Jianxin of Guangdong Jinqiao Baixin Law Firm and does not represent Sina Finance's position. Lawyer Luo Jianxin is a partner of Guangdong Jinqiao Baixin Law Firm, founder and director of Jinqiao Securities Litigation Center, arbitrator of Guangzhou Arbitration Commission, and member of Securities Law Professional Committee of Guangzhou City Lawyers Association. Lawyer Luo has practiced for more than 20 years, holds securities, funds, and futures practice qualification certificates, and is a senior shareholder. He has established a professional securities litigation team. His business includes securities misrepresentation, insider trading, manipulation, equity disputes, and securities criminal crime rights protection and defense, has successfully represented or is representing a large number of securities rights protection cases, and has rich experience in rights protection.)