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The latest claim news of Jinyuan shares, received the announcement of the decision on administrative supervision measures, and the claim is being collected

author:Fujian Zhengwei Law Firm
The latest claim news of Jinyuan shares, received the announcement of the decision on administrative supervision measures, and the claim is being collected

The latest claim news of Jinyuan shares:

On April 20, 2024, Jinyuan Environmental Protection Co., Ltd. (hereinafter referred to as the "Company") received the "Decision on Issuing Warning Letters to Jinyuan Environmental Protection Co., Ltd. and Jinyuan Holding Group Co., Ltd." (Ji Zheng Jian Du [2024] No. 14) issued by the Jilin Supervision Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Jilin Securities Regulatory Bureau").

The main contents of the decision on administrative supervision measures are as follows:

According to the relevant announcement disclosed by Jinyuan Environmental Protection Co., Ltd. (hereinafter referred to as Jinyuan Co., Ltd. or the company), the company will successively pay suppliers for raw materials from October to December 2023, and at the same time, the controlling shareholder Jinyuan Holding Group Co., Ltd. (hereinafter referred to as Jinyuan Holdings) will borrow from this supplier, which has constituted the occupation of non-operating funds by the controlling shareholder. In response to the foregoing, Jinyuan failed to fulfill its information disclosure obligations in a timely manner as required.

The above behavior violates Articles 3 and 22 of the Administrative Measures for Information Disclosure of Listed Companies (Decree No. 182 of the CSRC, the same below), as well as Articles 3 and 5 of the Regulatory Guidelines for Listed Companies No. 8 - Regulatory Requirements for Capital Transactions and External Guarantees of Listed Companies (CSRC Announcement [2022] No. 26, the same below).

In accordance with the provisions of Article 52 of the Administrative Measures for Information Disclosure of Listed Companies and Article 23 of the Regulatory Guidelines for Listed Companies No. 8 - Regulatory Requirements for Capital Transactions and External Guarantees of Listed Companies, our bureau decided to take regulatory measures to issue warning letters to Jinyuan Co., Ltd. and Jinyuan Holdings, and recorded them in the integrity file of the securities and futures market.

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 latest claim news of Jinyuan shares, received the announcement of the decision on administrative supervision measures, and the claim is being collected

The reference conditions for Jinyuan's claim are as follows:

Those who bought 000546 Jinyuan shares between October 31, 2023 and April 19, 2024, and sold or continued to hold them after April 22, 2024 (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.

Basis for violation of Jinyuan shares:

On April 20, 2024, Jinyuan Environmental Protection Co., Ltd. received the "Decision on Issuing Warning Letters to Jinyuan Environmental Protection Co., Ltd. and Jinyuan Holding Group Co., Ltd." issued by the Jilin Supervision Bureau of the China Securities Regulatory Commission (Ji Zheng Jian Du [2024] No. 14).

The latest claim news of Jinyuan shares, received the announcement of the decision on administrative supervision measures, and the claim is being collected