The ST Ruide shareholder claim case has been heard, and Haitong Securities may be added as a defendant

On the evening of September 8, Haitong Securities issued an announcement that the company was suspected of violating laws and regulations due to its failure to exercise due diligence during the continuous supervision of Southwest Pharmaceutical (now ST Ruide, 600666), and was investigated by the CSRC according to law. On September 7, the Company signed and received the Notice of Case Filing and the Notice of Investigation issued by the China Securities Regulatory Commission. Liu Peng, chief lawyer of Shanghai Huzi Law Firm, told reporters: "Since September, the Harbin Intermediate Court has arranged intensive trials for the ST Ruide misrepresentation case, and a number of cases have been tried, and subsequent courts will announce judgments or organize second trials at a later date. ”

The company was punished by the CSRC for its violation of the letter, and the shareholders' claim case has been heard

On May 31, 2018, ST Ruide received the Notice of Investigation from the China Securities Regulatory Commission, and because the company was suspected of violating securities laws and regulations, the CSRC decided to file an investigation against the company in accordance with the relevant provisions of the Securities Law of the People's Republic of China.

On November 8, 2019, the Company disclosed the Announcement on The Receipt of the Notice of Administrative Penalties and Market Access Prohibition from the Chongqing Regulatory Bureau of the China Securities Regulatory Commission (Penalty Zi [2019] No. 6). Subsequently, the company and relevant parties submitted statements and defense opinions, and conducted a hearing. On June 10, 2020, the Company disclosed the Announcement on The Receipt of the Notice of Administrative Penalties and Market Access Prohibition from the Chongqing Regulatory Bureau of the China Securities Regulatory Commission (Penalty Zi [2020] No. 4).

On July 17, 2020, the Company and the relevant parties received the Administrative Penalty Decision ([2020] No. 2) and the Market Access Prohibition Decision ([2020] No. 1) from the Chongqing Supervision Bureau of the China Securities Regulatory Commission, and the CSRC found that ST Ruide (1) had false records in the financial statements in its periodic reports; (2) failed to disclose material contracts, material debt defaults and litigation in the relevant periodic reports ;(3) Failure to disclose in a timely manner and failure to disclose the situation of related party capital occupation and related party transactions in relevant periodic reports; (4) failure to disclose and failure to disclose external guarantees and litigation in relevant periodic reports; (5) failure to disclose related party transactions guaranteed by related parties in the annual report.

According to the CSRC's administrative penalty decision, Mr. Liu Peng said that investors who bought between August 26, 2016 and June 1, 2018, and sold or still held after June 2, 2018 and lost money can send their names, stock names, and telephone calls to suopeibao* (*=@) 126 .com, or pay attention to the public account "Shareholder Claim Treasure" to participate in litigation claim consultation and registration.

Lawyer Liu Peng pointed out that since September, the Harbin Intermediate Court has arranged an intensive trial against the ST Ruide misrepresentation case, and the focus of the dispute between the two parties is mainly on the determination of the disclosure date and the determination of related risk factors, and the subsequent court will announce the judgment or organize a second trial at a later date.

Haitong Securities was investigated by the CSRC or added as a defendant

Investors who have suffered losses due to st Reed Securities' misrepresentation can register on the shareholder claim treasure public account to file a civil claim lawsuit with the court.

On the evening of September 8, Haitong Securities issued an announcement that the company was suspected of violating laws and regulations due to its failure to exercise due diligence during the continuous supervision of Southwest Pharmaceutical (now ST Ruide, 600666), and was investigated by the CSRC according to law. On September 7, the Company signed and received the Notice of Case Filing and the Notice of Investigation issued by the China Securities Regulatory Commission.

Liu Peng, a lawyer at Shanghai Huzi Law Firm, said that if the CSRC finally found that Haitong Securities failed to exercise due diligence and punished it during the supervision of ST Ruide's work, then the investors whose rights and interests of ST Ruide were damaged could not only sue and claim from the listed company, but also add Haitong Securities as a defendant in accordance with the law and require it to bear joint and several liability for compensation.

In the first half of the year, the results were lost, and the shareholders claimed more than 70 million yuan

ST Ruide released its semi-annual performance report on the evening of August 27, saying that the operating income in the first half of 2021 was about 307 million yuan, an increase of 63.35% year-on-year; the net profit loss attributable to the shareholders of the listed company was about 93.11 million yuan; and the basic earnings per share loss was 0.0759 yuan. According to the semi-annual report, as of July 9, 2021, the company has received a total of 310 civil litigation case materials filed by investors against the company on the grounds of securities misrepresentation liability disputes, with a total litigation amount of RMB71,297,649.68.

As long as the lawsuit is filed, there is a high probability that the compensation can be obtained, and for the shareholders who meet the claim conditions, it is the right of the shareholders to join the shareholders' claim team in a timely manner to protect their rights, and it can also help the shareholders make up for the losses. Liu Peng, a lawyer at Shanghai Huzi Law Firm, said that damaged investors who meet the conditions for the claim can promptly send their names, stock names, and phone calls to the mailbox suopeibao*(*=@) 126.com participate in the claim.