Red Sun's Latest Claim News:
On March 25, 2024, Nanjing Red Sun Co., Ltd. issued the "Announcement on Abnormal Fluctuations and Risk Warnings in Stock Trading", which shows:
Nanjing Red Sun Co., Ltd. (hereinafter referred to as the "Company") (stock code: 000525, stock abbreviation: ST Red Sun) shares for three consecutive trading days (March 20, 2024, March 21, 2024, March 22, 2024) The closing price deviation has exceeded 12%, according to the relevant regulations of the Shenzhen Stock Exchange, it is an abnormal fluctuation in stock trading.
2. At present, the company's production and operation are normal, and there have been no major changes in the company's operating conditions and internal and external business environment in the near future. On January 31, 2024, the company disclosed the "2023 Annual Results Forecast", which is for investors' reference. At present, the audit of the company's annual report has been carried out smoothly and orderly, and the "2023 Annual Report" will be disclosed on April 30, 2024.
3. On the basis of the completion of the work in the pre-reorganization stage, the company and the pre-reorganization manager continue to maintain communication with investors and creditors, and in accordance with the provisions of the "Minutes of the Work Symposium on the Trial of Bankruptcy and Reorganization Cases of Listed Companies" and other relevant laws and regulations, accelerate the relevant review work required by the company as a listed company reorganization application, and the review work is currently progressing smoothly and orderly. As of the disclosure date of this announcement, the company has not received the ruling document of the Nanjing Intermediate People's Court on accepting the reorganization application.
According to the Securities Law and the Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market, listed companies shall be liable for civil compensation if their rights and interests are damaged due to illegal information disclosure and misrepresentation, and the injured investors have the right to claim compensation for losses.
The Red Sun claim is subject to the following conditions:
Those who bought 000525 Red Sun between May 29, 2020 and April 29, 2021, and sold or continued to hold it after April 30, 2021 (inclusive).
The above claim registration conditions only represent the views of Xie Baoping's lawyer team, and are not used as any securities investment decisions and trading suggestions, and are subject to the final determination of the court.
Red Sun's violation is based on:
On July 6, 2020, Red Sun received the "Investigation Notice" (No. 2020084) from the China Securities Regulatory Commission (No. ) for suspected violations of information disclosure laws and regulations.
On March 24, 2023, Red Sun received the "Prior Notice of Administrative Punishment and Market Prohibition" (Penalty Zi [2023] No. 8) delivered by the China Securities Regulatory Commission.
On September 6, 2023, Red Sun announced that recently, the company and related parties received the "Administrative Penalty Decision" ([2023] No. 61) made by the China Securities Regulatory Commission.