On April 11, 2023, the listed company Hongda New Materials (**002211) was punished by the ** regulatory department for illegal information disclosure. According to the announcement, Hongda New Materials had a number of illegal acts in the process of information disclosure, including failing to disclose the actual controller in accordance with regulations, inflating revenue and profits, and failing to provide for goodwill impairment, resulting in an inflated profit. These problems violate the requirements of the ** Law for information disclosure of listed companies.
This incident has aroused the attention and anger of the majority of shareholders. Shareholders are disappointed and angry about the illegal information disclosure, believing that Hongda New Material's misrepresentation has seriously damaged their interests. They generally believe that this is a typical fraud, and demand that the relevant regulatory authorities seriously investigate and support the action of shareholders to claim compensation.
The information disclosure violation of Hongda New Materials is not an isolated case, and in recent years, similar misrepresentation incidents have occurred from time to time in the A** field. These incidents often involve companies misleading investors about their investment decisions by failing to truthfully disclose key information or inflating financial data. These acts have seriously undermined the fairness and impartiality of the capital market and harmed the vital interests of investors.
Such misrepresentations have not only caused serious economic losses to investors, but also seriously undermined the trust and credibility of the capital market. Such an incident not only affected the stable operation of the A** field, but also had a negative impact on the rule of law environment of the whole society. Investors' confidence in ** has been seriously shaken, which has also made the public doubt the credibility of the information disclosed by listed companies.
As of October 26, 2023, a total of 29 investors filed a lawsuit against Hongda New Materials for misrepresentation with the Shanghai Financial Court, with a total claim amount of about 2.2 million yuan. One of the cases has been conducted in the first instance, and the company has been ordered to pay the plaintiff a total of 22,961 losses on investment differences, commission losses and stamp duty losses81 yuan. At present, the case is in the second trial.
The condition of the shareholder's claim is that the shareholder who purchased Hongda New Materials** between April 7, 2020 and January 9, 2022, and still holds** and suffers losses on January 9, 2022 can file a claim. The specific conditions of the claim shall be subject to the determination of the court. The information that shareholders need to provide includes the company's statement and account opening inquiry form, which need to be reviewed by a lawyer before determining whether the claim can be made.
At present, the Hongda New Material case is still under trial, and its outcome will have a significant impact and exemplary effect on the entire incident. If the court finds that Hongda New Materials has misrepresented the company, it will be beneficial for shareholders to claim compensation and provide punishment for similar violations in the future. This will help protect the legitimate rights and interests of investors and promote the healthy and standardized development of the capital market.
In terms of Hongda New Materials, the Hongda New Material case has aroused shareholders' attention to the illegal act of information disclosure and stimulated the action of shareholders to claim compensation. This incident revealed the seriousness of problems such as irregular information disclosure and false statements in the capital market, and required the relevant regulatory departments and judicial organs to further strengthen supervision and safeguard the fairness and justice of the market and the legitimate rights and interests of investors.
At the same time, for shareholders, it is necessary to strengthen vigilance against the information disclosure of listed companies, maintain rationality and objectivity, strengthen risk awareness, and avoid investment losses caused by untrue information. In addition, legal aid institutions and lawyers should also actively provide legal advice and services to shareholders to help them protect their rights and interests.
In the discussion of the Hongda New Material case, readers can leave their own views and opinions, as well as measures to be taken for similar incidents and suggestions for the management of investment risks.