ST Huayi claiming time period has updated investors can continue to file a lawsuit with the company

ST Huayi (600290) recently disclosed in the announcement that as of now, the company's original controlling shareholder Huayi Group and related party funds occupied by approximately 1.141 billion yuan, and the losses caused by the company and subsidiaries to bear joint guarantee liability due to illegal guarantee guarantee liabilities The cumulative approximately 784 million yuan, the company's illegal guarantee balance is about 181 million yuan.

According to the above announcement, Huayi Group is currently in the stages of bankruptcy and liquidation. A series of issues such as the occupation of funds and illegal guarantees of ST Huayi will be difficult to resolve. At the same time The risk of deterioration.

In addition, ST Huayi also issued a cumulative litigation announcement that the company conducted statistics on the cumulative litigation (arbitration) matters that the company and subsidiaries have not disclosed in the past 12 months in accordance with the relevant provisions of the "Shanghai Stock Exchange Stock Listing Rules" in the past 12 months. The total amount of litigation (arbitration) totaled 610.76 million yuan (not considered interest and liquidated damages, litigation expenses, etc.), accounting for 17.95%of the company's recent audited net assets. As of now, some cases have not been tried in the trial, and the impact of the company's current or post -period profits is currently unable to open the trial.

It is worth noting that investors sue ST Huayi Securities' false statements in the case of case lawsuits, and the qualified investors can still claim them according to law.

On the evening of June 8, 2021, ST Huayi issued an announcement on receiving the "Administrative Penalty Decision" and "Market Banning Decision" to receive the CSRC to the company. It was found out by the Securities Regulatory Commission that ST Huayi had not disclosed non -operating funds occupation and violations in accordance with regulations from 2017 to 2019; Its affiliates provide a guarantee of 1.0875 billion yuan, and have not disclosed it in time in time; from 2017 to 2019, the use of raised funds for illegal use was not disclosed.

Therefore, the CSRC decided to order corrections to ST Huayi and related responsible persons, give warnings, and impose fines of different amounts. In addition, the CSRC decided to adopt a lifelong securities market for the company's actual controller Chen Daorong; the then chairman Chen Menglie adopted a 10 -year securities market forbidden.

Lawyer Liu Peng, Shanghai Shanghai Ziqi Law Firm, said that according to relevant judicial interpretations, the current claims of ST Huayi are updated to buy ST Huayi stocks from May 24, 2017 to November 24, 2019, and also After closing on November 25, 2019, an damaged investor who sold or still holds the stock can register through the public account "Public Securities News" (feature code: 11011) to participate in the lawsuit. Specific claims are subject to the court identification.

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