34亿并购造假案判了，中介机构“一个也跑不掉”

Core Viewpoint - The company, Kanni Electromechanical, is facing legal challenges related to securities false statements, stemming from a problematic acquisition made eight years ago, resulting in significant financial losses and ongoing litigation with investors [1][7]. Group 1: Legal Proceedings - On July 28, Kanni Electromechanical announced that the Nanjing Intermediate People's Court ruled in favor of an institutional investor in a securities false statement liability dispute, ordering the company to pay approximately 33.09 million yuan in damages and court fees [1][5]. - A total of 17 investors have filed claims against Kanni Electromechanical, with a cumulative claim amount of 383 million yuan, all of which have received first-instance judgments, resulting in the company being liable for 83.15 million yuan in damages and court fees [5][6]. - In a rare ruling, all intermediary institutions involved, including brokers, auditing firms, evaluation agencies, and law firms, were held jointly liable for compensation, with specific percentages assigned to each [1][6]. Group 2: Financial Impact - The acquisition of Longxin Technology for 3.4 billion yuan in 2017, which constituted over 50% of the company's net assets at the time, has led to substantial financial repercussions, including a significant loss of 3.151 billion yuan in net profit in 2018 due to large provisions for expected liabilities and bad debts [7][8]. - Kanni Electromechanical has already compensated nine ordinary investors a total of 1.39 million yuan and is currently appealing two cases while awaiting the outcome of six other first-instance judgments [6][8]. Group 3: Background of the Acquisition - Kanni Electromechanical, established in 2000 and listed in 2014, primarily focuses on the research, manufacturing, and sales of rail transit door systems [7]. - The company sought to diversify its business by acquiring Longxin Technology in the consumer electronics sector, but the acquisition was marred by financial fraud committed by Longxin, leading to the current legal and financial turmoil [7][8].