The price of counterfeiting! 10 billion US dollars market value of Chengkong Ruixing coffee received delisting notice

category:Finance
 The price of counterfeiting! 10 billion US dollars market value of Chengkong Ruixing coffee received delisting notice


Hao Junbo, a senior U.S. stock rights lawyer, introduced to the interface news that Ruixing coffee can now submit an appeal application to the NASDAQ hearing committee. If the hearing fails, the NASDAQ hearing committee still decides to delist, and Ruixing coffee can appeal again.

Hao Junbo said that in theory, Ruixing coffee still has the right to put forward its own defense reasons at the hearing, so theoretically speaking, delisting still has the possibility to fight for a reversal, but the difficulty is estimated to be relatively large.

For the impact of investor claims, Hao Junbo said that being delisted means that the listed companys compensation ability and economic situation are worse, which is not good news in terms of settlement.

Hao Junbo disclosed that the possibility of additional defendants had been considered before Ruixing coffee was delisted. However, as for the securities class action in the United States, the chief plaintiff must be selected first to decide on the chief lawyer, who will continue to represent the case. Therefore, at present, there is still uncertainty about which lawyers will ultimately represent the case, which has not yet entered the reality Procedure of the trial.

In addition, Hao Junbo said that delisting does not affect investors continuing claims. For example, E-House China has been delisting from the US stock market for many years and is now soliciting investors to sue. In the previous interview, Hao Junbo disclosed to the interface news that the amount of loss of domestic investors has reached millions of dollars. His lawyer team has represented five investors from China, the United States, the United Kingdom, Canada and Saudi Arabia, and has applied to the court for the above five people to be the chief plaintiff of the case. According to the latest data found in the interface news, in the first quarter of 2020, there were 239 institutions holding Ruixing coffee, holding positions eight thousand seven hundred and eighty-one point eight Among them, there are 60 hedge funds, 132 of which are new positions in the first quarter, including 33 hedge funds. Source: interface news Author: Da Ke editor in charge: Zhong Qiming_ NF5619

In addition, Hao Junbo said that delisting does not affect investors continuing claims. For example, E-House China has been delisting from the US stock market for many years and is now soliciting investors to sue.

In the previous interview, Hao Junbo disclosed to the interface news that the amount of loss of domestic investors has reached millions of dollars. His lawyer team has represented five investors from China, the United States, the United Kingdom, Canada and Saudi Arabia, and has applied to the court for the above five people to be the chief plaintiff of the case.