On July 12, 2022, Jiangsu Chengxing Phosphorus Chemical Co., Ltd. (securities abbreviation: Chengxing Shares, *STChengxing, securities code: 600078) announced that it had received the "Administrative Penalty and Market Prohibition Prior Notice" from the China Securities Regulatory Commission. Book" (Penalty Zi [2022] No. 113). The China Securities Regulatory Commission plans to decide: order Chengxing Co., Ltd. to make corrections, give a warning, and impose a fine of 2 million yuan.
Previously, on December 7, 2021, Chengxing Shares was investigated by the China Securities Regulatory Commission for suspected letter disclosure violations. It is worth noting that this is not the first time that Chengxing Shares has been investigated by the China Securities Regulatory Commission due to illegal information disclosure. As early as December 23, 2015, Chengxing Shares was investigated by the China Securities Regulatory Commission for violating information disclosure regulations. Administrative penalties were imposed on him on February 14, 2019. Moreover, the shareholder compensation lawsuit caused by the previous violation is still under trial, and the court has not yet made a judgment. Now, Chengxing Shares has once again been pre-penalized due to violation of letter disclosure.
It was found that Chengxing Shares had the following illegal acts:
1. Failure to disclose information on related transactions resulting from the occupation of non-operating funds;
2. Failure to disclose relevant litigation and arbitration information as required.
Wang Jinlong, a lawyer from Shanghai Chuanhui Law Firm, stated that based on the illegal facts discovered by the China Securities Regulatory Commission on Chengxing Shares and the judicial interpretations of the Securities Law and the Supreme Court ’s false statements, Chengxing Shares was suspected of civil infringement. There is a causal relationship between the misrepresentation committed and the losses suffered by shareholders when buying and selling stocks, and they should bear civil liability for compensation according to law. The injured shareholders can claim for loss reduction by filing a lawsuit in court.
Chengxing Shareholders’ claims conditions: Lawyer Wang Jinlong believes that judging from the content of the administrative penalty notice, in accordance with the relevant provisions of the Securities Law and the judicial interpretation of the infringement of securities misrepresentation, is tentatively scheduled from January 1, 2020 to April 2021. Investors who bought Chengxing shares between April 9, 2021, and sold or still held the shares after April 9, 2021, can file a claim.
Shareholder friends can also follow Sina Weibo " Shanghai Lawyer Wang Jinlong " or search and follow the WeChat public account " Shanghai Lawyer Wang Jinlong ". Lawyer Wang Jinlong will promptly release stock claim announcements and case progress through the above platforms so that you can obtain them in time. Latest stock claims information.
Claim litigation materials that need to be prepared:
1. Securities account inquiry confirmation form stamped with the seal of the securities company’s business department and the original stock transaction statement (from the first purchase of the stock to the present);
Special note: the statement needs to have the name and identity of the shareholder Certificate number, securities account number, capital account number, securities code, stock purchase and sale time, transaction price, transaction quantity, etc. If the stock is currently held, a list of treasury stocks needs to be printed. If there are a lot of sales and purchases, in addition to the paper version, please also provide the EXCEL electronic version of the transaction records.
2. Copy of ID card;
3. Relevant prosecution signature materials.
After confirming with Lawyer Wang Jinlong that you meet the claim conditions, Lawyer Wang will send you the claim materials. You only need to prepare the materials as required. After the investor completes the entrustment procedures, the claim will be fully handed over to the lawyer. Legal procedures such as case filing, mediation, and court hearings do not require the investor to go to the court in person. They only need to wait patiently. If there is any progress in the case, the lawyer will be there at the first opportunity. Time to tell. We adopt a contingency fee model. There is no need to pay attorney fees in the early stage. After the investor wins the case and successfully receives compensation, attorney fees will be charged according to a certain proportion of the compensation amount.
Submit materials:
After the above litigation materials are prepared, you can come to the law firm to submit them or submit them by mail. The contact information of lawyer Wang Jinlong is as follows:
Address: Room 1405, Jincheng Building, No. 511 Tianmu West Road, Jing'an District, Shanghai
Unit: Shanghai Chuanhui Law Firm
