Ostin Technology Group CEO Indicted for Securities Fraud; Nasdaq Halts Trading Pending Investigation

Reuters

2025/09/27

Ostin Technology Group CEO Indicted for Securities Fraud; Nasdaq Halts Trading Pending Investigation

Ostin Technology Group Co. Ltd. announced that its Co-Chief Executive Officer, Lai Kui Sen, has been indicted by the U.S. Department of Justice, along with another individual, for allegedly orchestrating a securities and wire fraud scheme involving the company's stock. In response, Ostin's board has formed a special committee of independent directors to investigate the allegations and has engaged outside counsel for an independent review. Trading of Ostin's Class A ordinary shares on Nasdaq was halted on September 12, 2025, pending the company's response to a request for additional information from the exchange. The company is also cooperating with a grand jury subpoena issued by the United States Attorney for the Eastern District of Virginia. The outcome and potential impact of these investigations remain uncertain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ostin Technology Group Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-092424), on September 26, 2025, and is solely responsible for the information contained therein.

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ID: 0001213900-25-092424), on September 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4148","symbol_name":"電子元件","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250926:nNDL9dN7JW:1","article_id":"2570837258","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570837258","pubTimestamp":1758920461,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ostin Technology Group Co. 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