Infineon's latest claim news:
On May 14, 2024, Shenzhen Infineon Technology Co., Ltd. issued the "Announcement on Abnormal Fluctuations in Stock Trading", which showed:
1. Introduction to abnormal fluctuations in stock trading
Shenzhen Infineon Technology Co., Ltd. (hereinafter referred to as the "Company") (stock abbreviation: ST Infineon; Stock code: 002528) The closing price of the stock trading price has deviated by more than 12% in three consecutive trading days (May 9, 2024, May 10, 2024, and May 13, 2024), which is an abnormal fluctuation in stock trading according to the relevant provisions of the Shenzhen Stock Exchange Trading Rules.
2. Because the audit institution hired by the company, Zhongxinghua Certified Public Accountants (Special General Partnership), issued an internal control audit report on the company's internal control in 2023 that could not express an opinion, according to Article 9.8.1 (4) of the "Shenzhen Stock Exchange Stock Listing Rules", the company's shares were subject to other risk warnings. The company's shares were suspended for one day on April 30, 2024, and resumed trading on May 6, 2024 with other risk warnings. For details, please refer to the "Reminder Announcement on the Implementation of Other Risk Warnings and Stock Suspension for the Company's Stock Trading" (Announcement No.: 2024-033) disclosed by the company on Juchao Information Network (www.cninfo.com.cn) on April 30, 2024.
Prior to this, on December 28, 2023, Shenzhen Infineon Technology Co., Ltd. received the "Decision of Shenzhen Securities Regulatory Bureau on Ordering Corrective Measures against Shenzhen Infineon Technology Co., Ltd." (Administrative Supervision Measures Decision [2023] No. 265) (hereinafter referred to as the "Decision") delivered by the Shenzhen Supervision Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Shenzhen Securities Regulatory Bureau"). After investigation, your company has the following problems: 1. Inaccurate disclosure of financial reports; 2. Voluntary information disclosure is not consistent and continuous.
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.
Infineon's claim reference conditions are as follows:
Claims can be made if one of the following applies:
1. Those who bought 002528 Infineon between April 30, 2020 and December 27, 2023, and sold or continued to hold it after December 28, 2023 (inclusive);
2. Those who bought 002528 Infineon between April 30, 2020 and April 29, 2024, and sold or continued to hold it after April 30, 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.
Reasons for Infineon's violation:
On December 28, 2023, Infineon received the "Decision of Shenzhen Securities Regulatory Bureau on Ordering Corrective Measures against Shenzhen Infineon Technology Co., Ltd." (Administrative Supervision Measures Decision [2023] No. 265) delivered by the Shenzhen Securities Regulatory Bureau.