红相股份索赔时效进入倒计时,部分案件已开庭审理

Core Viewpoint - Hongxiang Co., Ltd. has been penalized for financial fraud and fraudulent issuance, leading to significant legal actions and potential compensation for affected investors [1][2][4]. Group 1: Financial Penalties and Legal Actions - In April 2024, Hongxiang Co., Ltd. was fined 25.13 million yuan by the Xiamen Securities Regulatory Bureau due to financial misconduct and fraudulent issuance, with the actual controller Yang Cheng receiving a lifetime market ban [1][4]. - The company has been found to have committed financial fraud for six consecutive years, resulting in a total fine of 65.56 million yuan from the regulatory authority [2][4]. - The auditing firm Rongcheng Accounting Firm and three signing accountants have also been penalized for negligence and are included as defendants in the compensation claims [1][3]. Group 2: Investor Compensation and Legal Proceedings - A lawsuit has been filed by the Shanghai Huzhi Law Firm, and affected investors can still register to join the compensation claims [1][3]. - The actual controller of Hongxiang Co., Ltd. has made an irrevocable commitment to bear a certain amount of civil compensation for the company, providing some assurance for investors seeking compensation [3]. - Investors who purchased the company's stock between November 20, 2017, and April 28, 2023, and sold or still hold shares at a loss after April 29, 2023, are eligible to join the compensation efforts, with a reminder that the statute of limitations for the case will expire on April 28 [2][4].

Red phase INC.-红相股份索赔时效进入倒计时,部分案件已开庭审理 - Reportify