Foshan Lighting related news

August 13, 2010, Foshan Lighting announced that the company's chairman Zhuang Jianyi, secretary of the board of directors, Zou Jianping, were received by the China Securities Regulatory Commission, Guangdong Bureau of Securities Supervision issued a "Notice of Investigation", due to "suspected violation of securities laws and regulations," the China Securities Regulatory Commission, Guangdong Bureau of Securities Supervision decided to The Guangdong Bureau of Securities Supervision of the China Securities Regulatory Commission decided to open a case for investigation.

On September 10, 2010, the Company announced that Qinghai Fozhao Lithium Anode Materials Co., Ltd. initiated by the Company signed a project investment agreement with the Management Committee of Nanchuan Industrial Park of Xining Economic Development Zone in Xining on September 8, determining that the project of 2,000 tons of lithium anode materials per year would be settled in the Industrial Park.

March 7, 2013, Foshan Lighting announced that it had received an administrative penalty decision letter issued by the Guangdong Supervisory Bureau, which imposed administrative penalties on six executives of Foshan Lighting. According to the decision letter, in 2010 and 2011, the company's disclosure of information in the periodic report and interim report are illegal. Guangdong Huanyu Jingmao Law Firm lawyer Xie Liang said: based on the above penalty decision, investors can file a claim lawsuit to the court.

January 9, 2014, Foshan Lighting announced that: the company received the court's "indictment", the plaintiffs *** counted 672 people to securities misrepresentation liability disputes, respectively, to the Guangzhou Intermediate People's Court to file a lawsuit for compensation for damages *** counted about 89 million yuan. For the current encounter with the second batch of stockholders' lawsuits, Foshan Lighting said: "will actively participate in the litigation, the case has not yet begun to trial, can not yet predict the impact of the litigation on the company's profits." Liu Huahao yesterday to the yangcheng evening news reporter, its agent of the largest single loss of 1.32 million yuan of stockholders, he predicted: "the projected number of plaintiffs will be more than 2,000 people, the amount of claims will be more than 200 million." Industry insiders predicted that the case has become the largest number of investors in the history of China's securities rights.

On June 4, 2015, the Guangdong Provincial Higher People's Court of Foshan Lighting misrepresentation case of the second-instance verdict, rejected the Foshan Lighting appeal, upheld the original verdict, Foshan Lighting to the first 955 investors compensation of 60.4108 million yuan.