grasscarp| Progress in shareholder rights protection cases| The China Securities Regulatory Commission filed a case! Luen Thai Environmental Protection (603797) is suspected of illegal information disclosure and faces claims from shareholders
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On the evening of April 30th, 2024GrasscarpGuangdong Liantai Environmental Protection (Rights Protection) Co., Ltd. (hereinafter referred to as "Liantai Environmental Protection" or "the Company") issued an announcement. Ms. Huang Wanru, the company and one of the actual controllers of the company, received a "case filing notice" issued by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") because the company was suspected of violating the law and regulations in information disclosure. In accordance with laws and regulations such as the Securities Law of the people's Republic of China and the Administrative punishment Law of the people's Republic of China, the CSRC decided to file a case. Although the specific facts of Liantai's filing of the case are not clear, investors who suffer as a result can sue for liability disputes over securities misrepresentation. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm (license No.: 13101200410820485), suggests that buying and holding positions before May 1, 2024, regardless of whether investors are sold on or after May 1, 2024, claims can be voluntarily registered through the "Sina shareholder Rights Protection platform".
Luen Thai Environmental Protection recently disclosed its 2023 annual report and operating revenue of about 13% in 2023.Grasscarp.73 billion yuan, down 4.15% from the same period last year; the net profit belonging to shareholders of listed companies was about 223 million yuan, down 19.57% from the same period last year. However, the audit institution issued a qualified audit opinion on the 2023 audit report of Liantai Environmental Protection Company. Liantai Environmental Protection has been put on file for investigation or related.
Xinben shareholder claim team reminded that Liantai Environmental Protection Company was filed by the Securities Regulatory Commission, so damaged investors can voluntarily initiate claim registration.
Conditions for safeguarding rights:
Luen Thai Environmental Protection: buy and have a position before May 1, 2024, regardless of whether it is sold on or after May 1, 2024 (the specific scope of compensation shall be determined by the court)
(this article is contributed by Zhao Jingguo, a partner of Shanghai Xinben Law firm, and does not represent the views of Sina Finance. Zhao Jingguo, a lawyer who qualified as a lawyer in 1999, has a solid knowledge of legal theory and has taught in colleges and universities. He has been practicing as a lawyer since 2004, has undertaken more than a thousand litigation cases, and has accumulated a wealth of dispute handling experience, especially good at dealing with securities disputes, finance, non-performing assets and other business. Since practice, Zhao Jingguo, a lawyer, has represented investors in a number of claims against listed companies. The cases that have won or have been compensated include Zhonganke claim, Zhongbing Hongjian claim, Busen clothing claim, Zhongqian share claim, Aurid claim, Zhangzi Island claim, Tianshen Entertainment claim, Fushun Special Steel claim, Fei Le Audio claim, Xiangyi Rongtong claim, Yan'an Bikang claim, Huanrui Century claim and so on. )