Watertek's latest claim news:
On April 24, 2024, Xie Baoping's financial and securities team submitted a new batch of materials for filing 300324 Watertek investor claims to the Beijing Financial Court. These investors were sent to the dock to claim compensation for the losses caused by Watertek's previous disclosure of violations of laws and regulations.
Prior to this, on November 2, 2021, Mr. Chen Jiangtao received the Administrative Penalty Decision ([2021] No. 9) from the Beijing Regulatory Bureau of the China Securities Regulatory Commission. After investigation, Mr. Chen Jiangtao has the following illegal facts:
1. The securities account of Northern Trust and Hang Seng No. 1 Securities Investment Single Fund Trust (hereinafter referred to as Hang Seng No. 1) reduced its holdings in "Watertek Information", and Chen Jiangtao failed to fulfill its information disclosure obligations.
Hang Seng No. 1 is Chen Jiangtao's concerted actor. According to the trust contract, Chen Jiangtao enjoys the income and losses of Hang Seng No. 1's investment in "Watertek Information", and has the voting rights of this part of "Watertek Information". Chen Jiangtao actually increased his holdings of "Watertek Information" through Hang Seng No. 1 and actually held this part of the stock, and should fulfill the obligation to disclose relevant information in accordance with the law. From March 9 to March 20, 2020, the Hang Seng No. 1 Securities Account reduced its holdings of 28,046,142 shares of Watertek Information by centralized bidding, accounting for 1.6% of the total share capital of the listed company, resulting in Chen Jiangtao and his concerted actors reducing their holdings of Watertek Information by more than 1%. Chen Jiangtao failed to notify the listed company to fulfill its information disclosure obligations in a timely manner.
2. Chen Jiangtao transferred the equity of Xuzhou Zhongtian Yonghui Enterprise Management Co., Ltd. (hereinafter referred to as Xuzhou Zhongtian Yonghui) to indirectly reduce his holdings of "Watertek Information", and Chen Jiangtao failed to fulfill the obligation of information disclosure. Xuzhou Zhongtian Yonghui holds 1.69% of the total share capital of "Watertek Information" and is a person acting in concert with Chen Jiangtao. Chen Jiangtao holds 88.89% of the equity of Xuzhou Zhongtian Yonghui. On May 12, 2020, Chen Jiangtao transferred all his shares in Xuzhou Zhongtian Yonghui. After the equity transfer, the proportion of "Watertek Information" held by Chen Jiangtao and his concerted actors decreased by 1.69% of the total share capital of the listed company, exceeding 1%. Chen Jiangtao failed to notify the listed company to fulfill its information disclosure obligations in a timely manner.
The Beijing Regulatory Bureau decided: to give Chen Jiangtao a warning and impose a fine of 1 million yuan.
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.
Watertek Information claims are as follows:
Those who bought 300324 Watertek between March 25, 2020 and May 22, 2020, and sold or continued to hold it after May 23, 2020 (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.
Watertek information violation basis:
On November 27, 2020, Mr. Chen Jiangtao, the controlling shareholder and actual controller of Beijing Watertek Information Technology Co., Ltd., received the "Investigation Notice" from the China Securities Regulatory Commission.
On September 29, 2021, Mr. Chen Jiangtao received the Advance Notice of Administrative Penalty ([2021] No. 10) from the Beijing Supervision Bureau of the China Securities Regulatory Commission.
On 2 November 2021, Mr. Chen Jiangtao received the Administrative Penalty Decision ([2021] No. 9) from the Beijing Regulatory Bureau of the China Securities Regulatory Commission