Chinese people to win the listed company of trial and zhao experts say or motivate more rights behavior

China news agency Beijing January 18 (xinhua Chen Kangliang) China’s a-share listed companies in zhejiang auspicious sour

ce culture co., LTD. (hereinafter referred to as auspicious source culture) 18 announcement, said the company h

ad received 17 of hangzhou city, zhejiang province intermediate people’s court from the civil judgment and related legal documents.Should compensate the

plaintiff of about 488000 yuan (RMB, the same below).Zhao wei are jointly and severally liable for the debts of some cases ruled.

  Since then, the China‘s capital market high-profile law

suit won by shareholder first temporarily come to an end.The plaintiff 17 for individual investors, these people to secur

ities false statement liability disputes Sue Shanghai culture, request Shanghai culture, shall bear civil liability to pay compensation.

  Shen wan hongyuan securities market research institute director GuiHaoMing

18, said in an interview with China news agency reporters, was not surprised at th

e results of the decision, the China securities regulatory commission has previously made detailed investigation of related cases and make the a

dministrative punishment, the investigation and punishment for the litigation provides solid evidence.

  At the end of 2016, zhao wei’s highly leveraged acquisition of m Long Wei media culture (later renamed as Shanghai cul

ture) cause attention.According to the China securities regulatory commission, according to a survey in the process of control transf

er, Long Wei media through m culture on January 12, 2017, February 16, 2017 statement disclosure of information is

false records, misleading statements or major omissions, including failure to disclose the real scale of financing and

financing status, etc.Ultimately the sale was halted, auspicious source culture shares also sharply downward.

  Shares, according to from January 12, 2017 planned resumption of the material assets reorganization, to March 31, 2017, declar

ation of equity transfer is terminated, the shares of Shanghai culture taking a ride on the time, from near 18 yuan

per share had rushed up to 25 yuan per share, eventually fell to near $13 per share, interval was down nearly fifty percent,

then it is “fall endlessly.As of January 18, 2019, the company closed at 4.3 yuan per share.Shares tumbled nearly 83%, wiping out more than ten billion yuan.

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