Lu Zhiqiang s ST Oceanwide was delisted, and the lawyer solicited injured investors to defend their

Mondo Finance Updated on 2024-02-17

Produced by Radar Finance and Economics Lei Zhu Bar |Long Sail edDeep sea

Lu Zhiqiang, the former richest man in Shandong, who is regarded as the "big man among the big guys", suffered a heavy setback in his business empire. *ST Oceanwide**, which is controlled by Lu Zhiqiang, has been terminated by the Shenzhen ** Stock Exchange and will be delisted on February 7, 2024.

It is reported that from November 30, 2023 to December 27, 2023, the daily ** price of the company through the exchange trading system for 20 consecutive trading days was lower than 1 yuan, which touched Article 9 of the Exchange's ** Listing Rules (Revised in August 2023).2.Termination of listing as provided for in Item (4) of Paragraph 1 of Article 1.

It is worth noting that on February 5, 2024, *ST Oceanwide received the "Notice of Case Filing" (No. 0142024006 Zheng Jian Case Filing) issued by the China ** Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission"), due to the company's suspected illegal information disclosure, in accordance with the "People's Republic of China ** Law", "People's Republic of China Administrative Punishment Law" and other laws and regulations, on January 26, 2024, the China Securities Regulatory Commission decided to file a case against the company.

In this regard, Zhang Yanweishi, director of the lawyer of Shanghai Renying Law Firm, told Radar Finance that if the misconduct of listed companies causes losses to investors, the injured investors can claim compensation in accordance with the law. According to the ** Law and relevant judicial interpretations, all damaged shareholders who hold *ST Oceanwide** on February 5, 2024 can register through the official account "Lei Zhu Bar" (Lei Zhu Code: 88) and participate in the claim for free. There are no fees until you receive the claim.

It is worth mentioning that recently, *ST Oceanwide issued an announcement that the chairman of the board of directors received an administrative penalty decision for non-company matters.

Because the Beijing Securities Regulatory Bureau determined that the company's chairman Luan Xianzhou had insider trading in Minsheng Holding Shares*** and leaked insider information of Minsheng Holding Shares*** in 2016, Luan Xianzhou applied for a hearing and put forward a defense opinion on this basis, and the Beijing Securities Regulatory Bureau did not adopt the defense opinions of Mr. Luan Xianzhou and his ** person. In accordance with the provisions of Article 202 of the 2005 ** Law, the Beijing Securities Regulatory Bureau decided: Regarding insider trading, it ordered Luan Xianzhou to deal with the illegally held ** in accordance with the law and confiscate 563 illegal gains770,000 yuan, and imposed a fine of 1691a fine of $310,000; (2) Regarding the leakage of inside information, Luan Xianzhou was fined 40,000 yuan.

Tianyancha shows that *ST Oceanwide was formerly known as: Oceanwide Construction Group Co., Ltd. was established in 1989.

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