Foshan Lighting (000541) issued an announcement on litigation matters on March 15. According to the announcement, the company received the Guangzhou Intermediate People's Court (2014) Suizhong Fajinminchuzi 7-23, 25-51, 56-60, 62-79, 83-99, 101, 106 on March 13, 2014. - 136 "Complaints" and other relevant legal documents, the Guangzhou Intermediate People's Court has filed a case for accepting a civil suit filed by the plaintiff with 116 persons (pieces) on the grounds of "securities misrepresentation disputes".
On March 7, 2013, Foshan Lighting disclosed the announcement regarding the receipt of the administrative penalty decision of the Guangdong Securities Regulatory Commission of the China Securities Regulatory Commission. The Guangdong Securities Regulatory Bureau imposed administrative penalties for violations of the company's information disclosure. A total of 116 plaintiffs filed a lawsuit with the Guangzhou Intermediate People's Court on the grounds of securities misrepresentation liability disputes, requiring the company to assume civil liability for the above information disclosure violations. The claim amount of the above 116 cases was RMB 2,252,536,9.6 and HKD 546,581.34, of which the amount of the company and some of the company's directors and senior executives was RMB 10,938,398.38 and HKD 10,622.68.
Foshan Lighting said that the above-mentioned cases have entered the proceedings, but the trial has not begun. The company will actively participate in the lawsuit and timely disclose the progress of the case in accordance with the regulations. As the case has not been tried, it is still impossible to determine the impact of the litigation case of this announcement on the company's current profit or future profit.
On March 7, 2013, Foshan Lighting disclosed the announcement regarding the receipt of the administrative penalty decision of the Guangdong Securities Regulatory Commission of the China Securities Regulatory Commission. The Guangdong Securities Regulatory Bureau imposed administrative penalties for violations of the company's information disclosure. A total of 116 plaintiffs filed a lawsuit with the Guangzhou Intermediate People's Court on the grounds of securities misrepresentation liability disputes, requiring the company to assume civil liability for the above information disclosure violations. The claim amount of the above 116 cases was RMB 2,252,536,9.6 and HKD 546,581.34, of which the amount of the company and some of the company's directors and senior executives was RMB 10,938,398.38 and HKD 10,622.68.
Foshan Lighting said that the above-mentioned cases have entered the proceedings, but the trial has not begun. The company will actively participate in the lawsuit and timely disclose the progress of the case in accordance with the regulations. As the case has not been tried, it is still impossible to determine the impact of the litigation case of this announcement on the company's current profit or future profit.
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