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On the evening of May 17, 2024, Shengtun Mining (Rights Protection) Group Co., Ltd.CaribbeanpokerShengtun mining industry, codeCaribbeanpoker: 600711) issued the announcement on receipt of the notice of filing a case by the China Securities Regulatory Commission. Because the company was suspected of violating laws and regulations in information disclosure, the CSRC decided to file a case against the company in accordance with laws and regulations such as the Securities Law and the Administrative punishment Law. On April 19, 2024, Shengtun Mining received an order from Xiamen Securities Supervision Bureau to correct and issued a warning letter for administrative supervision measures, the company has actively rectified and corrected the relevant errors on April 23, 2024.
Li Jian, a lawyer from Zhejiang Yufeng Law firm (certificate number: 13301200210145176), who has sued more than 100 listed companies on behalf of investors, said that according to the filing notice and warning letter, Shengtun Mining was suspected of misrepresentation of securities, and damaged shareholders could make claims in accordance with the law.
It is worth noting that Shengtun Mining Industry issued the "notice of receiving the decision on Administrative Supervision measures of Xiamen Securities and Regulatory Bureau" shows that during the period from 2021 to 2022, Shengtun Mining Industry carried out the sales business of cobalt wet smelting intermediate products with relevant customers, the control of the goods was not substantially transferred when the goods were delivered to the relevant customers, the company recognized the revenue at the time of delivery, and the accounting treatment was not accurate. The above-mentioned individual cobalt wet smelting intermediates sold to customers were bought back by a subsidiary of the company for production without merger offset. The foregoing events led to more than 35936 of the company's recognized revenue in 2021.Caribbeanpoker. 750000 yuan, accounting for 0% of the current operating incomeCaribbeanpoker.79%, the more recognized profit was 193.7214 million yuan, accounting for 7.15% of the total profit of the year. In 2022, the recognized income was 84.149 million yuan, accounting for 0.33% of the operating income of the year, and the total underrecognized profit was 139.093 million yuan, accounting for 18.20% of the total profit of the year. The relevant financial information disclosed in the company's 2021 and 2022 annual reports is inaccurate. The above-mentioned actions of the company violate the measures for the Administration of Information Disclosure of listed companies.
According to the new judicial interpretation of misrepresentation of securities, listed companies may sue for losses caused by investors suspected of misrepresentation of securities, including loss of investment difference, commission and stamp duty.
Lawyer Li Jian said that according to the judicial interpretation, it was tentatively decided that damaged shareholders who bought Shengtun Mining shares between April 26, 2022 and April 21, 2024, and held the shares at the close of trading on April 21, 2024, could claim compensation. Whether the compensation can be obtained and how much compensation is finally determined by the court shall prevail.
Investors are required to provide securities account opening information inquiry form, stock statement (from August 1, 2022 to date), contact information, etc.
(this article is contributed by Li Jian, a lawyer from Zhejiang Yufeng Law firm, and does not represent the position of Sina Finance. Lawyer Li Jian, director of the Securities Law Research Society of China Law Society and securities dispute mediator of China Securities Association, was awarded the title of "excellent Young lawyer of Zhejiang Province" in 2009. Since 2003, lawyer Li Jian has sued more than 100 listed companies on behalf of investors with remarkable results. Among them, the false statement case of investors v. Hangxiao Steel structure was selected as the "Top Ten Mediation cases of the National Court of Justice" in 2012, and the false statement cases of investors v. Xiangyuan Culture and Zhao Wei were selected among the top ten commercial cases of the people's Court in 2019. The false statement case of investors v. Huifeng shares is the first ordinary representative case of securities dispute in Jiangsu Province. )
