zyngapoker1bchipsfree2021| *ST Huichen (Huichen Shares) Stock Claim: Punishments for fraudulent issuance, and intermediaries may be held accountable

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Recently, Zhang Xiangbing, a lawyer from Jiangsu Boaixing Law firm, which has represented too many major impact cases, specially reminded that * ST Huichen (Protection of Rights) (Huichen shares) fraudulent issuance was punished, intermediary agencies may be held responsible, and investors who meet the requirements for claims should promptly sue.

On December 23, 2023, Beijing Huichen Capital Information Co., Ltd. (hereinafter referred to as: * ST Huichen, Huichen shares) issued a notice that the company received the "Administrative penalty decision" issued by the Beijing Regulatory Administration of the China Securities Regulatory Commission.

It has been found that Huichen shares have the following illegal facts: in June 2017, Huichen shares acquired a 48% stake in Xin Tang Puhua, and Xin Tang Puhua became a company in which Huichen shares participated. In December 2020, Huichen shares further acquired a 22% stake in Xintang Puhua, which became the controlling subsidiary of Huichen shares. Xin Tang Puhua falsely increased revenue and profits by fabricating business with third parties, signing sales contracts without commercial substance, and confirming project revenue in advance, resulting in false records in Huichen's initial public offering prospectus and Science and Technology Innovation Board's IPO prospectus disclosed on July 13, 2020, as well as the annual report from 2020 to 2022 disclosed after the initial public offering. Our bureau decided to impose administrative penalties on Huichen shares and related responsible personnel.

Lawyer Zhang Xiangbing believes that the Supreme people's Court's judicial interpretation stipulates that if an information disclosure obligor violates the provisions of laws, administrative regulations, rules and regulatory documents on information disclosure, and constitutes a false statement, the damaged investor may sue for the actual losses incurred in accordance with the law, including the investment difference loss, the commission of the investment difference loss and stamp duty. (lawyer Zhang Xiangbing column)

The Securities Law stipulates: "Securities service institutions shall, for securities issuance, listing, trading and other securities business activities, produce and issue audit reports, asset evaluation reports, financial consultant reports, credit rating reports or legal opinions, and shall diligently and dutifully verify and verify the authenticity, accuracy and completeness of the contents of the documents on which they are based. If the documents produced or issued contain false records, misleading statements or major omissions, resulting in losses to others, they shall be jointly and severally liable for compensation with the issuer or listed company, except for those who can prove that they are not at fault. "

Lawyer Zhang Xiangbing said that Huichen shares were punished for fraudulent issuance, and if the intermediary agency that provided services for Huichen's initial public offering could not prove that it was not at fault, it would be jointly and severally liable for compensation with Huichen shares. In 2023, Zeda Yi Sheng and Amethyst Storage were claimed by investors for fraudulent issuance, and some of the intermediaries that provided services for the initial public offerings of the two companies assumed compensation liability at that time.

At present, lawyer Zhang Xiangbing is acting for ST Huichen's damage investor claim litigation, and the competent court is the Shanghai Financial Court. The conditions of claim are as follows:

Impaired investors who bought * ST Huichen shares between July 16, 2020 and April 27, 2023 and still held the shares at the close of trading on April 27, 2023 can sue for losses. (Huichen share rights protection entrance)

Investors who meet the claim requirements, please contact the Zhang Xiangbing lawyer team of Jiangsu Boaixing Law firm as soon as possible.Zyngapoker1bchipsfree2021And provide the following documents: a copy of the ID card, the securities account inquiry confirmation form with the seal of the business department of the securities company and the original stock transaction statement (since the first purchase of the stock), contact details.

Lawyer Zhang Xiangbing stated:

The final conditions of claim and the subject of liability shall be determined by the court.

(this article is contributed by Zhang Xiangbing, a lawyer from Jiangsu Boaixing Law firm, and does not represent Sina's financial position. Lawyer Zhang Xiangbing, lawyer for securities rights. Graduated from Southwest University of political Science and Law with Master of Law in Civil and Commercial Law. Good at acting securities litigation, financial rights protection cases, has many years of investor rights protection litigation experience. He has successfully represented or is acting for hundreds of investor rights protection cases, and has represented a number of cases of great social impact and landmark significance. The case of investor v. Suoling shares (safeguarding rights) and Dong Jiangao was selected as one of the top ten typical cases of securities misrepresentation liability dispute of Shenzhen Intermediate people's Court, and the civil case of "Raw Oil Bao" of Bank of China was selected as the top ten commercial cases of national courts in 2020.