spincoingratis| Wohua Pharmaceutical (002107) received advance notice of punishment from the CSRC, and investors can claim compensation

On the evening of April 19, 2024, Wohua Pharmaceutical (Rights Protection) (002107) received a "notice of Administrative punishment in advance" issued by the Shandong Regulatory Administration of the CSRC. Xu Feng, a lawyer from Shanghai Jiucheng Law firm, suggested that if investors suffer as a result, claims can now be filed. (lawyer Xu Feng's column)

The above-mentioned announcement information of "notice of Administrative punishment in advance" shows that it has been found out that the facts of Wohua Pharmaceutical suspected of breaking the law are as followsSpincoingratis:

Zhao Bingxian, the actual controller and chairman of Wohua Pharmaceutical, was suspected of violating the law and committing a crime.

The lien was implemented by Yangxin County Supervisory Committee from July 13, 2023 to November 21, 2023, which has an impact on the performance of its duties. Yangxin County Supervisory Committee served the "lien notice" and "case filing notice" to Zhao Caixia, vice chairman and secretary of the board of directors of Wohua Pharmaceutical on July 13, 2023. Zhao Caixia decided that Wo Hua Medicine would not disclose that Zhao Bingxian had been detained until November 7, 2023, when Wo Hua Medicine issued a "notice on the retention of the actual controller".

Xu Feng, director of Shanghai Jiucheng Law firm, believes that investors who buy Wohua Pharmaceutical shares between July 17, 2023 and November 7, 2023, and sell or hold shares after November 7, 2023, can now file claims. (Wowa Pharmaceutical Rights Protection entrance)

(this article is contributed by lawyer Xu Feng, director of Shanghai Jiucheng Law firm, and does not represent Sina's financial position. Lawyer Xu Feng, who has been a lawyer since 2008, has been a claim agent in the field of securities fraud, such as misrepresentation, insider trading, market manipulation and so on. Over the past ten years, investors who have represented nearly 200 stocks have won the case or obtained compensation through mediation, and in the same period, they have also won or mediated claims for nearly 300 stocks within the limitation of action, and some of them have already won the case and obtained compensation through mediation. License No.: 13101200810965495)