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Ostin Technology Group Co., Ltd. ( (OST) ) has provided an update.
On September 12, 2025, the United States Department of Justice unsealed an indictment against Lai Kui Sen, Co-Chief Executive Officer of Ostin Technology Group Co., Ltd., and Yan Zhao, alleging their involvement in a securities and wire fraud scheme using the company’s stock. Following this, Nasdaq halted trading of the company’s Class A ordinary shares pending further information. Ostin Technology has formed a special committee to investigate these allegations and is cooperating with a grand jury subpoena from the USAO. The company is also considering the suspension of Mr. Sen from his roles.
More about Ostin Technology Group Co., Ltd.
Ostin Technology Group Co., Ltd. operates within the technology sector, focusing on the development and distribution of advanced technology products. The company is known for its innovative solutions and has a significant presence in the global market.
Average Trading Volume: 768,216
Technical Sentiment Signal: Sell
Current Market Cap: $10.17M
For a thorough assessment of OST stock, go to TipRanks’ Stock Analysis page.