Foshan Lighting was sued by 515 investors in court for 70 million

Foshan Lighting (market, inquiry) yesterday, 515 investors have been sued by the court, "securities false statement liability dispute", the company claimed amount of more than 70 million. This is also the history of securities rights protection of investors in the largest number of cases. Financial profit, current savings rate increased 1000% was sued by 515 investors in Foshan lighting yesterday announcement, recently by 515 investors to court, to "securities false statement liability dispute", the company claimed amount of more than 70 million.　　This is also the history of securities rights protection of investors in the largest number of cases. According to Foshan Lighting announcement, the company received the Guangzhou Intermediate People's Court "summons", "notice of Action" and other relevant legal documents, Guangzhou City, the court has been accepted the plaintiff 515 people (pieces) to "securities false statement liability dispute" for the company brought the civil lawsuit case,　　The company is required to bear civil liability for the disclosure of the foregoing information, and the claimed amount is 73.43 million yuan and HK $81,900. Former stock market "good boy" scandal constantly Foshan lighting in 1993, has always focused on the main business, stable performance, and for many consecutive years high dividend as a "cash cow", the company for 10 consecutive years to be appraised "gold medal Dong", has been a relish for investors. But since 2010, the stock market "good child" suddenly scandal-ridden, that year August 13 chairman Zhangjianyi, Dong Secret Jiang Jianping was filed for investigation, deep in "insider trading door"; after August 20, Foshan lighting Disclosure and must detailed industry cooperation intention to sign electric vehicle related industry, but before this good news over the network, and trapped " Leakage door "; Less than two years, Foshan lighting again trapped" letter in the door ", chairman Zhongxincai was involved. According to the July 6, 2012, Foshan Lighting announced the regulatory authority of the decision, the Guangdong Securities and Regulatory Bureau found that the company in 2009 Annual report, 2010 Annual report and the middle of the report, 2011 Annual Report and the report, did not disclose the relationship between the relevant companies and related transactions.　　The announcement led to a plunge in Foshan lighting, which fell by 6.96% per cent on the day, with heavy losses for investors. This March 7, Foshan Lighting also issued a notice, received the Guangdong Authority administrative Punishment decision book. The punishment book shows that Foshan lighting in 2010, 2011, several times in violation of the disclosure of listed companies, the relevant parties related to the major security matters, as well as the day-to-day operation of related parties associated transactions and investment, acquisition matters have not done truthful disclosure.　　Foshan Lighting is thus ordered to correct and warn, and fined 400,000 yuan, other related persons are also given warning and varying degrees of fines.　　The rights of the injured investor also started after the regulatory authorities issued the result of the administrative penalty. Foshan Lighting Price Contrarian fall yesterday, Foshan lighting prices contrarian decline, the newspaper closed at 6.37 Yuan, down 0.93%. As to the impact of the case on the company, Foshan Lighting said that because the case has not been heard, it is not yet possible to determine the litigation case against the company's current profit or period of benefitEmbellish influence.