fibabasketballasia| Dr. ST Peng (Dr. Peng) Stock Claims: Xinpai Violations and Punishments, Investor Claims Notes

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RecentlyFibabasketballasiaZhang Xiangbing, a lawyer from Jiangsu Boaixing Law firm, which has represented many significant cases, specially reminded that Dr. ST Peng (Dr. Peng) believed that the violation of the law was to be punished, and investors' claims should be noted. (lawyer Zhang Xiangbing column)

On March 29th, 2024, Dr. Peng Telecom Media Group Co., Ltd. (hereinafter referred to as Dr. ST Peng and Dr. Peng) announced that the company had received the advance notice of Administrative penalty and Market ban issued by the China Securities Regulatory Commission (penalty word (2024) No. 40).

It has been found that the facts of the parties suspected of violating the law are as follows: 1, related party transactions; 2, Dr. ST Peng failed to disclose major contracts in accordance with the regulations; 3. Dr. ST Peng's annual report from 2012 to 2022 has false records. I will decide to impose administrative penalties on Dr. Peng and the relevant responsible personnel.

Lawyer Zhang Xiangbing said that the Supreme people's Court's judicial interpretation stipulates that if an information disclosure obligor violates the provisions of laws, administrative regulations, rules and regulatory documents on information disclosure, and constitutes a false statement, the damaged investor may sue for the actual losses incurred in accordance with the law, including the loss of investment difference, the commission of the loss of investment difference and stamp duty.

At present, lawyer Zhang Xiangbing is acting on behalf of Dr. STPeng for the claim of damaged investors. The conditions of claim are as follows:

Impaired investors who bought Dr. ST Peng's shares between April 12, 2013 and July 17, 2023 and still held the shares at the close of trading on July 17, 2023 can sue for losses. (Dr. STPeng's rights protection entrance)

Investors who meet the claim requirements can contact the Zhang Xiangbing lawyer team of Jiangsu Boaixing Law firm, and provide the following documents: a copy of the ID card, a securities account inquiry confirmation form with the seal of the business department of the securities company, and the original stock transaction statement (since the first purchase of the stock), contact details.

Lawyer Zhang Xiangbing stated:

The final terms of claim shall be determined by the court.

(this article is contributed by Zhang Xiangbing, a lawyer from Jiangsu Boaixing Law firm, and does not represent Sina's financial position. Lawyer Zhang Xiangbing, lawyer for securities rights. Graduated from Southwest University of political Science and Law with Master of Law in Civil and Commercial Law. Good at acting securities litigation, financial rights protection cases, has many years of investor rights protection litigation experience. He has successfully represented or is acting for hundreds of investor rights protection cases, and has represented a number of cases of great social impact and landmark significance. The case of investor v. Suoling shares (safeguarding rights) and Dong Jiangao was selected as one of the top ten typical cases of securities misrepresentation liability dispute of Shenzhen Intermediate people's Court, and the civil case of "Raw Oil Bao" of Bank of China was selected as the top ten commercial cases of national courts in 2020.