Investors who suffered losses can register claims against the company on the Sina Investor Rights Protection Platform.
On December 16, 2025, the investor compensation case against Xinjiang Ba Yi Iron & Steel Co., Ltd. (600581), represented by lawyer Xu Feng from Shanghai Jiucheng Law Firm, was officially accepted by the Urumqi Intermediate People's Court. The legal team continues to advance follow-up case filings and is still accepting claims from other affected investors.
On the evening of November 7, 2025, Xinjiang Ba Yi Iron & Steel announced that it had received a "Notice of Case Filing" from the China Securities Regulatory Commission (CSRC). The company is under investigation for suspected violations of information disclosure laws and regulations under the Securities Law and the Administrative Penalty Law.
Lawyer Xu Feng stated that investors who purchased Xinjiang Ba Yi Iron & Steel shares before November 8, 2025, and sold or continued to hold them after that date may now file claims.
In addition to the Xinjiang Ba Yi Iron & Steel case, Xu Feng noted that investor claims against East Group Co., Ltd. (300376) have already resulted in favorable court rulings. His team has submitted multiple filings for East Group cases and is awaiting further court arrangements while continuing to accept additional claims. Some cases have already received court-issued damage assessment reports.
On December 31, 2024, East Group disclosed that it had received a "Decision on Administrative Penalty" from the CSRC. The investigation found the following violations: 1. East Group inflated revenue, costs, and total profits through fictitious trade activities. 2. The company overstated revenue and costs through financing-related procurement and agency businesses. 3. It further exaggerated revenue and costs via financing-linked data center integration projects.
As a result, East Group's annual reports from 2017 to 2021 contained false records due to these non-substantive transactions.
Xu Feng advises that investors who bought East Group shares between March 15, 2018, and May 12, 2023, and sold or held them after May 12, 2023, may now pursue compensation.
(Note: This information is provided by lawyer Xu Feng of Shanghai Jiucheng Law Firm and does not represent the views of Sina Finance. Xu Feng specializes in securities fraud claims including false statements, insider trading, and market manipulation, with over a decade of experience in winning or settling nearly 200 stock-related cases.)
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