Investors who have suffered losses can register their claims through the relevant investor rights protection platform.
A law firm has recently submitted a batch of cases to the court for filing and hearing. This wave of claims stems from a six-year-long information disclosure violation by Baiyin Nonferrous Group Co.,Ltd. (ASX: 601212).
The issue originated from the company's purchase of 3 billion yuan in wealth management products between August 2017 and March 2018.
These products failed to be recovered on schedule in 2019, with principal and related returns only being recouped in December 2024. Although the company disclosed the opening and closing balances of these products in its annual reports from 2019 to 2024, it did not disclose specific details as required by relevant regulations, resulting in a material omission in the annual reports.
In response to this violation, the Gansu Securities Regulatory Bureau officially issued an "Administrative Penalty Decision" on October 24, 2025. It ordered Baiyin Nonferrous Group Co.,Ltd. to make corrections, issued a warning, and imposed a fine of 4 million yuan. Simultaneously, it imposed fines ranging from 500,000 to 1.5 million yuan on several responsible individuals, including the then-chairman, with the total fines for the entire case amounting to 8.8 million yuan.
The Gansu Securities Regulatory Bureau has penalized Baiyin Nonferrous Group Co.,Ltd. and the relevant responsible persons. Based on this penalty, the eligibility criteria for rights protection are: purchasing shares between April 30, 2020, and September 10, 2025 (inclusive), and selling or still holding them with a loss after September 11, 2025.
It is important to note that anyone who conducted trades within the aforementioned period and incurred losses is eligible to participate in the claim, regardless of subsequent stock price fluctuations.
Qualified investors who have suffered losses should promptly seek to protect their rights through legal channels to avoid missing the claim opportunity due to the expiration of the statute of limitations. The final claim conditions and compensation amounts will be subject to the effective judgment of the court.
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