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On May 11, 2024, Guangdong Huatie Tongda High Speed Railway equipment Co., Ltd. (hereinafter referred to as "the Company" or "Huatie Co., Ltd.") issued a report on the receipt of the Administrative penalty decision of the China Securities Regulatory Commission and the Market ban decision of the Guangdong Administration of Administration of China Securities Regulatory CommissionFreeonlinecasinogameswinrealmoneynodepositThe Guangdong Securities Regulatory Bureau issued a warning to Huatie and imposed a fine of 8 million yuan. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm (license No.: 13101200410820485), suggests that investors who buy and hold positions in China Railway during the period from April 30, 2020 to April 28, 2023, regardless of whether they are sold on or after April 29, 2023, can voluntarily register their claims through the "Sina shareholder Rights Protection platform". (Zhao Jingguo lawyer column)
Looking back on the case. Mr. Xuan Ruiguo, the company and the actual controller, received the notice of filing a case (CSRC No. 0062023018, No. 0062023019) issued by the China Securities Regulatory Commission (CSRC) on July 12, 2023. Because the company and the actual controller, Mr. Xuan Ruiguo, is suspected of violating the law and regulations of information disclosure. In accordance with the relevant provisions of the Securities Law of the people's Republic of China, the Administrative punishment Law of the people's Republic of China and other laws and regulations, the CSRC decided to file a case against the company and its actual controller, Mr. Xuan Ruiguo. On May 10, 2024, the company received the Administrative penalty decision ([2024] No. 11, [2024] No. 12) and the Market ban decision ([2024] No. 1) issued by the Guangdong Regulatory Bureau of China Securities Regulatory Commission. Huatie shares and Xuan Ruiguo have the following illegal facts: first, there are false records in Huatie shares' 2020 annual report and 2021 annual report. Second, Huantie shares failed to disclose related party transactions in accordance with the regulations, and there were major omissions in the 2019 annual report, 2020 annual report, 2021 annual report and 2022 annual report. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm, believes that investors who buy and hold positions during the period from April 30, 2020 to April 28, 2023, regardless of whether they sell on or after April 29, 2023, can file a claim.
Xinben shareholder claim team reminded that China Railway shares administrative penalty landed, so damaged investors, can voluntarily initiate claim registration.
Conditions for safeguarding rights:
China Railway shares: China Railway shares were bought and held during the period from April 30, 2020 to April 28, 2023, whether or not they were sold on or after April 29, 2023. (the specific scope of compensation shall be determined by the court) (ST China Railway Rights Protection entrance)
(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. )