TREE NEWS update: ST Wenfeng said Jiangsu High Court ruled in the securities manipulation case involving Xu Xiang and Xu Changjiang, upholding 11 verdicts requiring compensation of 8.598M yuan to 58 investors with company joint liability, but overturning two others, making Xu Xiang solely liable. The judgment amount is below the 41.3637M yuan provision, with no impact on current earnings. Courts have accepted 1,017 investor lawsuits, with 67 settled, totaling 9.7004M yuan in joint compensation.
ST Wenfeng wins partial appeal in Xu Xiang market manipulation case
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