Core Viewpoint - The legal case against ST Zhentong Securities for false statements has progressed, with some cases officially submitted to the court for trial [1][4]. Financial Performance - ST Zhentong reported a significant loss of 30.35 million yuan in Q3 2024, with revenue declining by 18.4% year-on-year [4]. - The company received an administrative penalty notice on November 28, 2024, due to violations of information disclosure laws [4]. Regulatory Violations - The company was found to have false records in its annual reports for 2017 and 2019, leading to substantial penalties for the company and responsible individuals [4]. - In May 2024, ST Zhentong was issued a warning letter for inaccuracies in its 2023 performance forecast and failure to timely disclose external financial assistance [4]. Investor Rights - Two categories of affected investors are eligible to join the legal action: 1. Investors who bought shares between April 15, 2021, and April 29, 2024, and sold or still hold them after April 30, 2024, at a loss [1][2]. 2. Investors who bought shares between April 24, 2018, and May 30, 2024, and sold or still hold them after May 31, 2024, at a loss [2][4]. Specific Violations - The violations trace back to a 2015 acquisition where ST Zhentong acquired 70% of a company, which later engaged in false transactions through fake purchase and sales contracts [2][5]. - The total amount involved in the false transactions was 21.774 million yuan for purchases and 26.4814 million yuan for sales, with no actual delivery of goods [5].
ST证通虚假陈述被罚,投资者索赔推进中