SHENZHEN STRONGTEAM DECORATION ENGINEERING and related personnel received a warning letter and regulatory letter
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On February 13, 2025, SHENZHEN STRONGTEAM DECORATION ENGINEERING received warning letters and regulatory letters from the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. Upon investigation, it was found that the company had issues with the management of raised funds from 2020 to 2023, including the failure to set up dedicated accounts, excessive use of raised funds, and failure to timely fulfill review procedures and information disclosure obligations
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