ST Wentou's latest claim news:
On May 19, 2024, Wentou Holdings Co., Ltd. issued the "Stock Trading Risk Warning Announcement", which shows:
1. From May 14 to 16, 2024, the deviation of the closing price increase of the shares of Wentou Holdings Co., Ltd. (hereinafter referred to as the "Company") exceeded 12% in three consecutive trading days, touching the abnormal volatility of stock trading. On May 17, 2024, the company's stock will rise again. The company's stock price has fluctuated greatly recently, so please pay attention to the risks of secondary market transactions, make rational decisions, and invest prudently.
2. The company's audited net assets attributable to shareholders of listed companies at the end of the period in 2023 are negative, and if the company still does not meet the risk warning of applying for cancellation of stock trading delisting as stipulated in Articles 9.3.7 and 9.3.8 of the Stock Listing Rules of the Shanghai Stock Exchange in 2024, the company's shares will face the risk of being terminated from listing;
3. Up to now, the company has not entered the formal reorganization procedure, and needs to conduct further consultation and negotiation with the investors who intend to restructure and sign a formal reorganization investment agreement. There is uncertainty as to whether the Company can sign a formal reorganization investment agreement with the above-mentioned prospective investors, and even if the Company signs a formal reorganization investment agreement, it does not mean that the Company can enter into a formal reorganization procedure;
4. From May 14 to 16, 2024, the company's stock has deviated from the closing price increase by more than 12% in three consecutive trading days, touching the abnormal volatility of stock trading. On May 17, 2024, the company has disclosed the "Announcement on Abnormal Fluctuations in Stock Trading of Cultural Investment Holdings Co., Ltd." (Announcement No. 2024-051) to remind investors to pay attention to investment risks. On May 17, 2024, the company's shares continued to rise to the limit.
5. Transaction risk in the primary and secondary markets Recently, the company's stock price has risen significantly in the short term, with an increase of 21.71% from May 14 to 17, 2024, which is significantly higher than that of other companies in the same industry. Investors are advised to pay attention to the risks of secondary market transactions, make rational decisions and invest prudently.
Prior to this, on May 10, 2024, Wentou Holdings Co., Ltd. received the Notice of Case Filing from the China Securities Regulatory Commission on May 9, 2024. Due to suspected violations of laws and regulations in information disclosure, the China Securities Regulatory Commission decided to file a case against the company in accordance with the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations.
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.
Reference conditions for ST Wentou claim:
Those who bought 600715 Wentou Holdings before May 9, 2024, and sold or continued to hold it after May 10, 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 ST Cultural Investment's violation:
On May 9, 2024, Wentou Holdings received the "Notice of Case Filing" from the China Securities Regulatory Commission (CSRC) on suspicion of illegal information disclosure.