Currently, the false statement case of Linzhou Heavy Machinery (002535) is soliciting investor claims. Injured investors can actively file lawsuits and recover losses through judicial channels. Linzhou Heavy Machinery (002535) "scored twice" and received two fines. Investors who meet the claim conditions can claim compensation in accordance with the law.
Linzhou Heavy Machinery (002535) was punished for the first time on August 20, 2020. The company received the "Administrative Penalty Decision" issued by the China Securities Regulatory Commission. In response to this penalty, damaged investors have sued and won the first instance. After mediation, the investor compensation ratio was around 60%. Beijing Xinghua Accounting Firm (special general partnership ) was administratively punished by the China Securities Regulatory Commission in accordance with the law due to illegal facts related to Linzhou Heavy Machinery. Therefore, investors can also file a claim against Xinghua as a defendant.
In less than two years, Linzhou Heavy Machinery (002535) announced on the evening of April 25, 2022 that the company received the "Administrative Penalty Decision" issued by the Henan Supervision Bureau of the China Securities Regulatory Commission. The company was fined again, which also meant that the number of damaged investors increased and the scope of claims expanded.
According to the two announcements of Linzhou Heavy Machinery (002535) and the legal and judicial interpretations, 1. Purchased Linzhou Heavy Machinery between April 3, 2018 and November 21, 2019, and in November 2019 Investors who sell or continue to hold stocks on or after the 22nd can initiate a claim; 2. Buy Linzhou Heavy Machinery stocks between August 25, 2020 and November 16, 2021, and purchase them in November 2021 Investors who sold their stocks after March 16 can initiate a claim (the final decision will be subject to the court's decision). Lawyer
reminds investors who have not yet participated in the claim that they can actively participate in the claim. The court follows the principle of "no complaint, no response". Investors must take the initiative to file a claim to have a chance of winning.
