Poly United Chemical Holding Group Co., Ltd. 002037) recently issued the "Announcement on New Litigation and Arbitration Matters". According to the announcement, the company's holding subsidiaries added a total of 15 litigation and arbitration cases, with a total amount of RMB 25,929550,000 yuan, accounting for 10 of the company's latest audited net assets attributable to shareholders of listed companies04%。
Notably, Poly United (002037) is also facing investor claims lawsuits. The reason why investors filed claims against Poly United (002037) stemmed from a fine issued by the China Securities Regulatory Commission. It was found that the company undermade provision for bad debts from 2019 to 2021, resulting in a change in profit and loss in 2021. On January 17, 2024, the China Securities Regulatory Commission issued the "Administrative Penalty Decision", deciding to give a warning to Poly United (002037) and related responsible persons, and impose a combined fine of nearly 10 million yuan.
According to the provisions of the ** Law and the relevant judicial interpretations of the Supreme People's Court, it is preliminarily determined that the claim conditions of Poly United (002037) are: investors who purchased Poly United (002037)** between April 28, 2020 and January 20, 2023 and lost money after January 21, 2023** or still own Poly United (002037)** (the final result is subject to the court's judgment).