(Original title: Pengxin Resources Demonstrative Judgment Investors Win the First Instance and the Litigation Conditions Have Been Adjusted)
Pengxin Resources (600490)After the investor claim case was listed by the Shanghai Financial Court in March this year as being tried using the model judgment mechanism, new progress has been made in recent days. According to public information, the court ruled that the investor won the first instance.
According to the court’s guidance on model litigation, after the model judgment takes effect, subsequent parallel cases will be handled according to the common facts, legal application standards, and loss calculation methods identified in the effective model judgment. Lawyer Liu Peng of Shanghai Huzi Law Firm pointed out that although the first-instance winning judgment has not yet come into force, it has an important reference role for subsequent investor claims.
According to the 2022 annual report of Pengxin Resources, because the company and related parties were administratively punished by the Shanghai Securities Regulatory Bureau, as of December 31, 2022, Pengxin Resources received a total of 35 investors who filed lawsuits with the court, requesting the court to order the company Due to information disclosure violations, the above-mentioned investors were compensated for their losses, and the total amount of litigation claims was 17.8 million yuan.
Lawyer Liu Peng reminded that according to the court’s judgment, the litigation range of the Pengxin Resources claim case is currently adjusted to:Impaired investors who bought Pengxin Resources stock from February 28, 2019 to April 24, 2019 and held the stock at the close on April 24, 2019,A civil action for damages may be brought against the company. Qualified investors can sign up through the WeChat public account “Popular Securities News” (feature code: 11) to participate in the claim.
Lawyer Liu Peng said that for investors who filed lawsuits against Pengxin Resources, the first-instance victory of the exemplary judgment further reduced the litigation risk of investors who subsequently participated in the claim. Considering that there are many procedures involved in investor claims, the damaged investors can protect their legitimate rights and interests through legal channels in a timely manner. However, in judicial practice, if qualified investors do not sue in accordance with the law, the defendant listed company usually will not take the initiative to pay compensation.
According to the first quarterly report of Pengxin Resources, from January to March 2023, the company showed a state of increasing revenue and decreasing profit, achieving revenue of 2.006 billion yuan, a year-on-year increase of 64.79%; net profit attributable to the parent was 21.2279 million yuan, a year-on-year decrease of 67.45% .
Scan the QR code to sign up for a claim