Defendant Huang Kuang-nan and others allegedly manipulated the share price of TMP International Corporation (formerly Taipei Mutil Power Electronics, now abbreviated as TMP, stock code: 6248) between 2009 and 2010, in violation of the Securities and Exchange Act. To protect the rights of investors, the Securities and Futures Investors Protection Center (abbreviated as SFIPC) is accepting applications from goodwill investors and preparing to file a compensatory civil lawsuit on their behalf, based on facts recorded in the indictment and related laws. Those who are eligible should get all the documents ready and send them to SFIPC by April 5, 2013. Please check SFIPC’s website (http://www.sfipc.org.tw) or call (02)2712-8899 for further information.
According to the criminal indictment by the New Taipei Prosecutors Office, Huang and others, in separate moves that have broken the Business Entity Accounting Act and that constituted forgery and stock manipulation, in 2009 and 2010 allegedly moved around capital reserved for lending and packaged it as funds for three-way trading. They also produced false sales records, inflated sales from November 2009 to January 2010, and published false sales figures on the Market Observation Post System (abbreviated as M.O.P.S) website in December 2009 and January and February of 2010 with an intention to beef up TMP’s share price. The case is currently being heard by the New Taipei District Court.
※ Eligibility requirements:
Investors who purchased TMP shares in the market (including purchases to cover shorts) between December 10 (inclusive), 2009 and March 24 (inclusive), 2010 and incurred losses even after gains from selling the shares during the above period have been accounted for.
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