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ST Dongshi: The actual controller Xu Xiong was sentenced to six years and six months in prison and fined 170 million yuan for manipulating the securities market.
Jin10 Data, July 11 - ST Dongshi announced that the actual controller Xu Xiong has been sentenced to six years and six months in prison and fined 170 million yuan for suspected manipulation of the securities market. This ruling is a first-instance judgment and has not yet taken effect. If Xu Xiong appeals within the statutory period, there remains uncertainty regarding the final judgment and subsequent execution results. Currently, the company’s production and operation activities are normal, and the management team is stable.