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On May 24, 2024, the Tianxia Wisdom (000662) investor claim case represented by Shanghai Jiucheng Law firm Xu Feng was formally filed by the Nanning Intermediate people's Court and is currently waiting for the court's hearing arrangement.
What needs to be reminded is that the Tianxia Wisdom investor claim series has already had a precedent for investors to win the case, and subsequent investors can also initiate claims, and Xu Feng's legal team continues to accept claims from other investors and continues to submit prosecution materials to the court for filing. (lawyer Xu Feng's column)
On December 21, 2021, the CSRC made a "decision on Administrative punishment" to Tianxia Wisdom (000662). It has been found out that Tianxia Wisdom has the following illegal factsCrashofthetitansmobileFirst, falsely increasing income and profits by fabricating the completion of smart city construction projects; second, falsely disclosing the actual controller of the company; third, not fully disclosing foreign liabilities; fourth, failing to disclose related transactions that provide financial assistance to related parties in accordance with the regulations; fifth, failing to disclose matters relating to the provision of security in accordance with the regulations; sixth, failing to disclose major litigation matters in accordance with the regulations.
Lawyer Xu Feng believes that investors who buy Tianxia Wisdom shares between August 30, 2016 and April 27, 2020, and sell or continue to hold shares after April 27, 2020, can file a claim. (Tianxia withdraws the entrance to the right)
ExceptCrashofthetitansmobileIn the Tianxia Wisdom claim case, on the evening of May 24, 2024, Zhengwei Xincai (002201) received a "notice of filing" issued by the Securities Regulatory Commission, because the company was suspected of violating the law and regulations on information disclosure. According to the Securities Law, Administrative punishment Law and other laws and regulations, the CSRC decided to file a case against the company.
On the evening of May 24, Zhengwei Xincai announcement received the "decision of Jiangsu Securities Regulatory Bureau on taking warning letter measures against Jiangsu Zhengwei New material Co., Ltd., and Wang Wenyin" issued by Jiangsu Securities Regulatory Bureau. After investigation, Zhengwei Xincai has the following violations:
Shenzhen Yiwei New Materials Co., Ltd. is the controlling shareholder of Zhengwei New Materials. As of March 25, 2024, it holds 127400000 shares of the company, accounting for 19.55% of the company's total share capital. Xi'an Zhengwei New Materials Co., Ltd. is a Shenzhen Yiwei United actor, holding 41320000 shares of the company, accounting for 6.34% of the company's total share capital. On November 24, 2023, Fuzhou Intermediate people's Court imposed a judicial re-freeze (pledge to freeze) on 34396100 Zhengwei Xincai shares held by Shenzhen Yiwei, accounting for 5.28% of the total share capital. On November 27th, the Chengdu Intermediate people's Court froze all 127400000 Zhengwei Xincai shares held by Shenzhen Yiwei, accounting for 19.55% of the total share capital. On the same day, the Chengdu Intermediate people's Court imposed a judicial re-freeze on all 41320000 Zhengwei Xincai shares held by Xi'an Zhengwei, accounting for 6.34% of the total share capital. The above-mentioned issues of judicial re-freezing and waiting for freezing are major events that should be disclosed in a timely manner as stipulated in the measures for the Administration of Information Disclosure of listed companies. Wang Wenyin, chairman and secretary of the company, was aware of the matter on December 19, 2023, but the company did not disclose it until January 12, 2024.
After the major event that 5.28% of the shares held by Shenzhen Yiwei were re-frozen by the judiciary and 19.55% of the shares were frozen on the waiting list, the Fuzhou Intermediate people's Court issued a "notice of online auction" on December 28, 2023. It is proposed to conduct a public auction of 20996100 Zhengwei Xincai shares (3.22% of the company's total share capital) held by Shenzhen Yiwei. This matter belongs to the progress that may have a greater impact on the share price of the listed company after the shares are frozen in the previous period, and the company shall disclose this progress in a timely manner in accordance with the regulations. Wang Wenyin, chairman and secretary of the company, was aware of the proposed auction on January 4, 2024, but the company did not disclose it until January 12, 2024.
Lawyer Xu Feng, director of Shanghai Jiucheng Law firm, believes that based on the above information, investors who tentatively plan to buy Zhengwei Xincai stock before May 25, 2024, and sell or continue to hold shares after May 25, 2024, can prepare to file a claim, in addition, investors who buy Zhengwei Xincai stock between December 21, 2023 and January 12, 2024, and sell or continue to hold shares after January 12, 2024. At present, claims can also be initiated, and the final conditions are determined by the judiciary. (Zhengwei new material rights protection import)
(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)