Recently, it has attracted a lot of attention.Harrah'spokerroomNew progress has been made in the securities misstatement case of investors v. Nanjing Kangni Mechanical and Electrical (Rights Protection) Co., Ltd. (abbreviated as: Connie Mechatronics, Code: 603111). According to the 2023 annual report, as of April 30, 2024, a total of 17 investors mentioned to the companyHarrah'spokerroomClaims have been filed, and the 17 cases are under trial, but no judgment has been handed down. The company commissioned an independent third party to calculate the loss claimed by the sued investors, and the company's litigation lawyer issued an independent legal opinion according to the loss calculation of the third party. By the end of this report, the company accumulated 14.Harrah'spokerroom, 425Harrah'spokerroomEstimated liabilities of 970,000 yuan.
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 there are only two months to go before the expiration of the limitation of claims, and eligible damaged investors can still claim in accordance with the law. (lawyer Li Jian's column)
Looking back on the case, in July 2021, Connie Mechatronics issued a notice on the receipt of the decision on Administrative punishment. The CSRC found out that the main illegal facts of Connie Electric are as follows: on March 24, 2017, Connie Electric disclosed the "reorganization report (draft)." According to the restructuring report (draft), Connie intends to purchase its 100% stake in Guangdong Longxin Technology Co., Ltd. (Longxin Technology Co., Ltd.) from 16 natural persons, including Liao Moumao, and 4 institutions, including Dongguan Zhongwangxin Equity Investment Partnership (Limited Partnership). The transaction price of Longxin Technology is 3.4 billion yuan, accounting for more than 50% of the net assets of Connie's audited consolidated statements in 2016, and more than 50 million yuan, which constitutes a major asset restructuring. On December 1, 2017, Connie Mechanical and Electrical disclosed the reorganization report. From 2015 to 2017, Longxin Science and Technology falsely increased revenue, profits and other financial fraud, resulting in false records in the above-mentioned "reorganization report (draft)" and "reorganization report" disclosed by Connie in 2017.
According to the new judicial interpretation of false statements, listed companies' rights and interests of investors are damaged due to misrepresentation of securities, and the damaged investors can sue for claims in accordance with the law, including the loss of investment difference, commission and stamp duty.
Lawyer Li Jian said that according to the judicial interpretation, it was tentatively decided that damaged investors who bought Connie shares between March 24, 2017 and August 22, 2018 and sold or continued to hold the shares after August 23, 2018 could claim compensation. The conditions of claim shall be determined by the court. (Connie Mechanical and Electrical Rights Protection entrance)
Investors should provide securities account opening information form, original stock statement (from March 1, 2017 to the end of November 2018), contact details, 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. )