Shandong Hiking International Co.,Ltd. Investor Compensation Case to Proceed to Trial

Deep News05-07

An investor compensation lawsuit against Shandong Hiking International Co.,Ltd. (600735), represented by attorney Xu Feng from Shanghai Jiucheng Law Firm, is scheduled for a court hearing on June 18, 2026, at the Qingdao Intermediate People's Court. A summons has already been received.

Attorney Xu Feng's team is concurrently advancing the filing of subsequent cases and continues to accept mandates for compensation claims from other investors.

On the evening of February 25, 2026, Shandong Hiking International Co.,Ltd. announced it had received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC). The notice stated that due to suspected violations of information disclosure laws and regulations, the CSRC decided to initiate an investigation into the company in accordance with the Securities Law and the Administrative Penalty Law.

The company's actual controller, Mr. Zhang Jianhua, also received a "Case Filing Notice" from the CSRC on February 25, 2026. Due to suspected violations of information disclosure regulations, the CSRC decided to initiate an investigation into him based on the relevant laws.

Earlier, on August 27, 2025, Shandong Hiking International Co.,Ltd. announced it had received a "Decision on Ordering Corrective Measures" issued by the Qingdao Securities Regulatory Bureau targeting Shandong Hiking International Co.,Ltd., Shandong Hiking International Group Co., Ltd., and Zhang Jianhua. The decision revealed that as of the disclosure date of the 2025 semi-annual report, Shandong Hiking International Group Co., Ltd. and its affiliates had non-operating fund occupancies of the listed company totaling 406 million yuan. The investigation found that Shandong Hiking International Group Co., Ltd., controlled by the company's actual controller Zhang Jianhua, had non-operationally occupied company funds.

Attorney Xu Feng, Director of Shanghai Jiucheng Law Firm, which specializes in stock compensation legal affairs, believes that investors who purchased Shandong Hiking International Co.,Ltd. stock between May 8, 2025, and August 27, 2025, and sold or continued to hold the stock after August 27, 2025, may still initiate compensation claims.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment