Foshan Lighting More than 500 shareholder claims lawyer said the likelihood of compensation is large

Xia Xiaober Pengli Just because the information disclosure violation of law and Supervision Department of Foshan Lighting (000541.SZ), but also by the small and medium shareholder collective prosecution claims, outstanding warrants finally from the consequences of food.　　September 23, Foshan Lighting announced that the company recently received 515 of investors in the lawsuit, the plaintiff to securities misrepresentation of liability for the Guangzhou Intermediate court to sue, the company to compensate for 73.4283 million yuan and 81,900 Hong Kong dollars.　　Guangdong Securities and Regulatory Bureau in March this year issued to Foshan lighting an executive punishment decision book, which disclosed the Foshan lighting in the 2010-2011 two years did not legally or truthfully, timely disclosure of a number of violations, which became a small shareholder to sue for claims of the fuse. "The Securities and Regulations Bureau has already made the punishment, therefore Foshan illumination false statement case has the legal basis, and Foshan illumination also has the compensation ability."　　"Deputy Foshan lighting small shareholder rights case lawyer Guohua said, according to past experience, shareholders are more likely to obtain compensation." "China lights Wang" dazzling halo of Foshan lighting, in November 2012 by the Securities and Futures Commission filed investigation, the reason is that the letter was violated.　　For a while, Foshan lighting became the target of criticism, the past glory is being eroded by scandals. Data show that the 2009 Annual report of Foshan lighting, 2010-Year report and annual reports, 2011-Year report and annual report did not disclose its relationship with Schnoch, Slamber and related transactions.　　And Schnoch, Slamber two companies of the actual control, respectively, Foshan lighting as Chairman Zhongxincai eldest son Zhongyongliang, second son Zhong Yonghui.　　In addition, Foshan lighting in the joint venture with the associated people to set up Qinghai Buddha-Zhao Li energy company, Qinghai Buddha Zhao Lithium anode material company, as well as with the relevant person to purchase Salt Lake Buddha photo of the Blue division of the company's shares, the process of timely implementation of the relevant transaction review procedures and disclosure obligations In addition, Foshan lighting the original chairman of Zhangjianyi, Dong-Jiang Jianping also suspected insider trading, illegal trading company shares by the Guangdong Securities Regulatory Bureau for investigation.　　"said the people familiar with the matter, Foshan lighting in the letter of the violation has been a criminal record." It is precisely because of the illegal incident, Foshan lighting prices began to fall continuously thereafter.　　Reporter statistics, since early November 2012 Foshan lighting was filed to March 2013 issued a penalty decision book a short period of 4 months, the company's share price from 11 yuan down to 6.8 yuan, the decline of nearly 40%, a large number of small and medium-sized investors were trapped. In this context, small and medium-sized shareholders began to rights.　　According to the agent Zheng Wei, who participated in the protection of rights, there have been dozens of people in the first group of investors to register rights, including Foshan lighting B-Shares, "As for the amount claimed, the number of millions of, less thousands of of the total amount will be tens of millions of dollars." But the final result still surprised them: a total of 515 investors sued for compensation, the total amount of up to 73.42 million yuan. "This case, whether the number of people involved or the amount, in the same cases are very large, and may even be the Guangzhou Institute of all similarCase of the largest amount claimed. "Guangzhou in the court on this case more attention, the work done is also relatively good, did not cause any inconvenience to everyone."　　Zheng Wei lawyer revealed that after the registration of the claimant shareholders, the court will be urged to sit as soon as possible.　　Guohua lawyers believe that the securities and regulatory departments found that Foshan lighting violations and penalties, which can be used as the legal basis for the existence of false statements, so shareholders claim to be supported by the court is more likely. In fact, even if the court decided to make Foshan lighting compensation, the company also has the strength to bear.　　Foshan Lighting has been known as a-share "cash cow": Since 1993, the 16-year market to 2009, the regular distribution of cash dividends, the total amount of the present is as high as 2.1 billion yuan, large shareholders have been made from the high cash dividends, and small and medium-sized shareholders have received less dividends.　　Small shareholder's huge claim for new energy investment "go awry" small shareholder "aggravating", Foshan lighting is far from the biggest trouble, the more headache is, Foshan lighting in the new energy in the field of a large expansion, has caused the company's vitality, its ability to the new energy in the shadow of the real out?　　In order to balance the monopoly of Foshan lighting production and operation of the ZHONGXINCAI, Foshan government has introduced the German Osram company as Foshan lighting "big club", and at the same time to Foshan lighting to be injected into its led in the field of advanced technology.　　Backfired is, osram after, Foshan lighting internal infighting constantly, and Osram promised to inject Foshan lighting technology has not seen traces, so in recent years, Foshan lighting in the light source business development stagnation.　　At a critical juncture, Zhongxincai: Enter new energy fields such as lithium batteries and electric cars that have no connection to the main business. September 2009, Foshan Lighting and lithium Energy holdings and other companies to set up a joint venture Qinghai Buddha Zhao Li, the production of battery-grade lithium carbonate, Foshan lighting investment of 29.23 million yuan, accounted for 38%; 2010, 2011, the company has invested 160 million yuan, 25.5 million yuan, 12.6 million yuan to set up Hefei State Xuan Gao Ke,　　Qinghai Buddha shines Lithium positive, Buddha shines the power of the State Xuan.　　By the end of 2011, Foshan Lighting in the field of new energy accumulated investment has reached 500 million yuan, involving lithium resources development, lithium battery manufacturing, pure electric vehicle powertrain and other industrial chain all links. But the new energy investment has been a losing battle. Earnings Disclosure, 2011, the Buddha Zhao Li, li-Zhao cathode materials 2011 respectively loss of 21.03 million yuan, 2.94 million yuan, the Buddha-Xuan power only slightly surplus to 87,000 yuan. 2012, Buddha shone lithium cathode material again to lose 8.0964 million yuan.　　The company's 2013-year report showed that during the reporting period, the company's new energy projects were out of harvest. "Foshan Lighting new Energy investment is blind, such as the state Xuan Power, the choice of cooperation is Anhui State Xuan, but the other side of the main business is to do real estate, the original did not do new energy." Buddha photo is just a look at each other's local contacts, hope that through their relationship to the lithium ore resources. "People familiar with the situation to comment on Foshan lighting New energy reasons."　　In the new energy sector, which is associated with major industries, Foshan lighting has lost its--led until 2011.　　2011, 2012, the Buddha shone the new light source respectively loss 1.16 million yuan, 223,700 yuan. The new energy field gets going the company's electric light source main industry development damage.　　2012, the company's main business revenue of 2.2 billion yuan, down 2.61%, deducted after net profit of 240 million yuan, fell 19.43% year-on-year. After the defeat, Foshan Lighting had to retreat all over the new energy field.　　In June of this year, the company announced the liquidation of the Buddha-shine power; At the end of August, it transferred 51% per cent of the Qinghai Buddha-Zhao Li-positive company, while the new energy subsidiary, Buddha-Li, was able to sue the court and ask the latter to return the overdue loan. Just, the impact of the new energy has not been eliminated, light source business and domestic counterparts to step up catch-up, Foshan lighting in the future will be the advantages of peer competition?