Affected shareholders may register for rights protection on the investor rights platform.
In September 2024, Caissa Tosun Development Co.,Ltd. (000796) issued an announcement that it received an "Administrative Penalty Decision" from the China Securities Regulatory Commission (CSRC) for violations in information disclosure. Some investors may have opportunities for compensation claims.
Lawyer Xu Jin from Beijing Yingke (Shenzhen) Law Firm believes that according to the new judicial interpretation on securities false statements, the prerequisite procedure has been clearly eliminated. Investors who suffer losses due to false statements by listed companies can file civil compensation lawsuits with competent courts to protect their legitimate rights and interests. The scope of claimable losses includes investment differential losses, stamp tax and commission losses.
Tentative Compensation Conditions: Investors who purchased shares between January 8, 2020, and September 5, 2023, and sold or held shares after September 6, 2023, with resulting losses (final compensation results shall be subject to court judgment);
Investors should prepare the following materials: copy of ID card, securities account opening information confirmation (original with securities company business department seal), securities trading records (from first purchase of the stock to date with securities company business department seal, those with stock inventory should also print out the number of shares held).
This article is provided by Lawyer Xu Jin from Beijing Yingke (Shenzhen) Law Firm (Practice Certificate No. 14403200610948623). Lawyer Xu Jin specializes in representing shareholders in rights protection and compensation claims in listed company false statement cases. During more than ten years of practice, he has successfully represented investors in lawsuits against multiple listed companies for compensation.
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