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GalaxyCore

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2022

    GalaxyCore shareholder warned by Shanghai regulator over share-reduction violation; seven-year patent dispute with Sitronix

    In 2022, GalaxyCore shareholder Walden USD Fund reduced its holdings by 100,000 shares through centralized bidding without disclosing the reduction plan 15 trading days in advance; the Shanghai Securities Regulatory Bureau issued a warning letter, and the shareholder apologized and promised not to reduce holdings within three months. Separately, since 2017 GalaxyCore and Taiwan's Sitronix have been involved in multiple disputes over patent infringement, patent invalidation and administrative litigation; in July 2024 the two sides signed a settlement agreement, and the relevant lawsuits and invalidation requests were all withdrawn. Status: regulatory measure. Entity involved: GalaxyCore Inc. Scope: GalaxyCore shareholder reduction and patent disputes.

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