ST Toyo welcomes the daily limit again, and the statute of limitations for the claim case will expire in September

On August 10, ST Toyo (002086) intraday daily limit , as of the closing price of the day was 2.92 yuan per share. So far, the company's stock price has achieved 4 daily limits within 10 days, a cumulative increase of 20.16%, and the latest total market value reached 2.209 billion yuan.

It is noteworthy that ST Dongyang recently disclosed that the company learned on August 5 that the company’s controlling shareholder, Orient Ocean Group, had passively reduced its holdings of shares by 6.673 million shares in the company through centralized bidding transactions. The ratio is 0.88%, and this shareholding reduction has been completed. After this shareholding reduction, Orient Ocean Group holds 20 million shares of the company, accounting for 2.64% of the company's total share capital.

In addition to the above matters, investors need to pay attention to that ST Dongyang has been punished by the China Securities Regulatory Commission twice for violations of trust disclosure.

In September 2019, ST Dongyang was punished by the China Securities Regulatory Commission for violations such as failing to disclose related transactions in regular reports and interim reports and false records in individual financial reporting items. On January 19, 2022, the company once again received the "Decision on Administrative Punishment" and "Decision on Prohibiting Market Entry" from the China Securities Regulatory Commission.

Lawyer Liu Peng of Shanghai Huzi Law Firm said regarding ST Dongyang’s two letter disclosure violations, after the China Securities Regulatory Commission administrative penalties came into effect, some small and medium investors have filed a complaint with ST on the grounds of “ securities false statement liability disputes” Toyo filed civil lawsuit claim.

Among them, for the administrative penalty in 2019, the investor sued ST Dongyang for claim and has won the judgment. In this regard, lawyer Liu Peng stated that usually bought ST Dongyang stock from March 9, 2017 to January 14, 2019, and sold or continued to hold the stock on and after January 15, 2019. Investors who lost money on stocks are eligible for claims, and can sign up through the official account " Dazhong Securities News " (feature code: 11011) to participate in the claim collection. Lawyer Liu Peng reminded that the statute of limitations for this case will expire on September 25, 2022, and there are only more than 40 days left for investors. Qualified investors can seize the last chance and actively claim compensation.

In addition, lawyer Liu Peng stated that in response to the claim case involving ST Dongyang’s second administrative penalty, usually bought ST Dongyang’s stock from January 15, 2019 to July 30, 2020, and in July 2020 Investors who sold or still held the stock after March 31 and lost money can also sign up through the official account "Popular Securities News" (feature code: 11011) to participate in the claim collection. lawyers will help investors continue to recover from the company according to the progress of the case.