Law firms jockey to represent Pengxin shareholders after regulator launches inquiry

摘要

Pengxin International Mining Co.'s admission on 24 September that it is being investigated by the Shanghai Securities Regulatory Bureau immediately caused its share price to plummet. The regulator suspects it of violating financial market rules on disclosure. A string of Shanghai lawyers have since stepped in to help shareholders of the company, which operates the Shituru copper mine in the DRC and the Orkney gold mine in South Africa, to claim compensation for their heavy losses.