Shanxi Securities Co.Ltd(002500) it was announced on January 17 that on January 13, Zhongde securities, the holding subsidiary of the company, received a civil complaint served by the Beijing Financial court. The cause of action was a dispute over the liability for Securities Misrepresentation. Two thousand plaintiffs such as Shanghai Junying asset management partnership (limited partnership) filed a civil lawsuit against LETV and other 21 defendants to the Beijing Financial court, requiring LETV to compensate for the investment loss of 4.571 billion yuan caused by its false statement, and requiring the other 20 defendants to bear joint and several liability. Sino German securities is one of the 21 defendants and is required to bear joint and several liability. Since the case has not yet been heard, it is impossible to judge the impact on the company’s profits in the current period or after the period.
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