The conclusion of the false statement of Kelon Company

According to Xinhua news agency, known as "one of the top five security rights cases," the company's false statement 26th at the Guangdong Provincial High Court of the second trial concluded. Reporters from the settlement of the case learned that the 7 appeal cases of the two agents have signed the relevant legal instruments, Kelon company on the spot to pay the total settlement of 121,100 yuan.　　Guangdong High Court on the day of the other 4 cases to make a second judgment, upheld the original decision. June 15, 2006, the China Securities Regulatory Commission to the Kelon company to make an administrative penalty decision, the 2002 annual Report on April 4, 2003, found that there are a number of false statements, and the Kelon company fined 600,000 yuan, respectively, to the original chairman of Kelon company Gu Junjun and other executive and director of the warning and fines. Subsequently, the Guangzhou Intermediate People's Court entertained 202 companies from all over the country to sue the stock investors, the amount of the lawsuit is up to more than 28 million yuan.　　During the first trial, Kelon company and most of the plaintiff reached a settlement, the first trial conciliation 141 cases, the case closed 15 cases, and 35 have completed or out-of-court settlement, 11 cases into the second instance of the procedure. The Guangdong High Court seized the case April 15 this year. The collegial panel, on the day of the trial, May 7 and May 14, convened three times to convene the parties or unilateral to the court to do mediation work, to both sides of the pros and cons, and repeatedly telephone contact with the parties to communicate. Under the mediation of the civil court of the Guangdong High Court, the agent of Kelon and the 11 appellants gradually abandoned the controversy over each point of time and transferred to the negotiation of the specific compensation ratio. On the premise of both sides making big concessions, 7 appellants finally reached a settlement agreement with Kelon company.　　Kelon agreed to pay the settlement amount in cash to 7 appellants under the auspices of the Court, and 7 appellants agreed to withdraw the appeal. According to the introduction, Kelon company formerly known as Guangdong Zhujiang Refrigerator Factory, 1992 restructured into a limited company. Its H shares were listed in 1996 on the Stock exchange of Hong Kong, A shares listed in 1999 on the Shenzhen Stock Exchange, the securities referred to as Kelon Electric, St Kelon.　　Kelon false Statement series case and Bangungsha case, oriental Electronic case, eco-agriculture case, daqing friendship case by insiders known as the national security rights of the five landmark cases. The judge said that the Dinghai, President of the civil court of Guangdong High Court, says that the false statement of the company's securities is related to several frontier areas of the securities case trial, which has the characteristics of strong professionalism, universality, difference and sensitivity, and is one of the important cases affecting the whole country.　　7 cases were settled by mediation, which realized the ultimate goal of resolving contradictions and cases. The presiding Judge Zhengtev to remind the shareholder, in the stock market carries on the stock transaction should strictly act in accordance with the law, when the dispute is more advantageous to protect own legitimate rights and interests. The registration relationship determines the ownership of the stock by registering the contents of the shareholder's certificate account, rather than the capital account used to buy the stock-the investor who uses the "tractor account" claims that civil compensation is required for damage caused by misrepresentation, the litigation claim will not be supported by the court if the shareholder identification document cannot be provided.