As the first share of LED lighting, Qinshang Optoelectronics has been troublesome in the near future. At the beginning of February, Li Xinghua, the former director of the Science and Technology Department of Guangdong Province, sentenced the bribery case to the Shenzhen Intermediate People's Court in the first instance, which led to the fact that the actual controller of Qinshang Optoelectronics and the former chairman Li Xuliang paid more than 5 million yuan. In March, Qinshang Optoelectronics issued the "Administrative Punishment Decision" issued by the Guangdong Securities Regulatory Bureau due to the undisclosed non-operating capital transactions with the company's largest shareholder, Dongguan Qinshang Group Co., Ltd. Then in late March, investors filed a lawsuit with the Guangzhou Intermediate People's Court, requesting Qinshang Optoelectronics to compensate the investors for the losses caused by the false statements. According to Xu Feng, an investor attorney, the Guangzhou Intermediate People's Court has officially accepted the investor's claim materials. The first batch of investors’ litigation targets are about 100,000 yuan, and follow-up will follow up in batches to represent investors in filing claims against listed companies. Qinshang Optoelectronics received two fines in one year. On the evening of March 17, 2015, Qinshang Optoelectronics received the “Administrative Punishment Decision†from the Guangdong Securities Regulatory Bureau. According to the survey, in 2013 and 2014, the company had non-operating capital transactions with Dongguan Qinshang Group Co., Ltd., the largest shareholder. The accumulated amount was as high as 1.82 billion yuan. The company did not fulfill its information disclosure obligations on this matter. According to the announcement, in 2013 and 2014, the company transferred a total of 1.82 billion yuan to the Qinshang Group. The Qinshang Group transferred a total of 1.03 billion yuan to the company. The Qinshang Group transferred funds to the company through the subsidiaries to about 800 million yuan. . As of the end of 2014, the non-operating capital balance between the company and Qinshang Group was zero. Another Qinshang Group has paid interest of 28 million yuan to the company for the above non-operating capital transactions. However, Qinshang Optoelectronics has not fulfilled its information disclosure obligations for the above matters. Based on this, the Guangdong Securities Regulatory Bureau decided to impose a fine of 500,000 yuan on the company and imposed a fine of 3.3 million yuan on the responsible senior management. Surprisingly, this is the second ticket received by Qinshang Optoelectronics. In May of last year, Qinshang Optoelectronics was also fined 400,000 by the Securities and Futures Commission for violation of the letter. The CSRC has identified three violations of information disclosure by Qinshang Optoelectronics, including the failure to disclose related relationships and related transactions in accordance with the law, the failure to disclose the second largest domestic customer company in 2009, and the clarification announcement that it has a relationship with Pinshang Optoelectronics. According to market analysts, Qinshang Optoelectronics received two consecutive fines in just one year, indicating that the regulatory authorities have severely cracked down on the information disclosure of listed companies. Investors should also actively protect their rights and interests, and recover as much as possible the losses caused by the false statements of listed companies. Eligible investors can file a claim for public disclosure. On December 1, 2014, Qinshang Optoelectronics closed at 14.43 yuan/share. The company’s announcement was filed for investigation that night. Since then, the stock price has fallen all the way. On January 12, 2015, the stock price was 11.38 yuan, with a cumulative decline of more than 20, and investors suffered heavy losses. Many investors said that they have been disappointed with Qin Shang Optoelectronics. The company's information disclosure awareness is too bad. It was punished twice by the CSRC within one year, seriously damaging their rights and interests, and should allow the company to compensate the losses of the majority of shareholders. Since Qinshang Optoelectronics is punished twice, investors can file a claim as long as they meet any of the conditions. Xu Feng, a lawyer at Shanghai Huarong Law Firm, said. Specifically, investors who bought Dioshang Optoelectronics between January 1, 2013 and December 2, 2014, and sold shares after December 2, 2014, or continued to hold stock losses; Or investors who bought Qinshang Optoelectronics shares before March 26, 2013, and who sold shares or continued to hold stocks after March 26, 2013, may request Qinshang Optoelectronics to compensate for their false statements. The losses caused to investors. A few days ago, the court has officially accepted the investor's prosecution materials, and more investors will join the claim team. The lawyer also said. It is worth noting that the jurisdictional court of Qinshang Optoelectronics false statement civil compensation case is the Guangzhou Intermediate People's Court. The court first sentenced the listed company Foshan Lighting to compensate more than 900 investors for more than 60 million yuan in November last year. On April 9, the second instance of the case was heard in the Higher People's Court of Guangdong Province. The industry believes that Foshan lighting case may have a certain impact on the case of Qinshang Optoelectronics' shareholder claims, while Qinshang Optoelectronics has been punished twice, and there are not many injured investors. With the wisdom of Foshan Lighting, it is believed that more investors will protect their rights through judicial channels. Qinshang Optoelectronics will face the same fate as investors in the group.
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