Huarui Electrical Appliance Gets Sanctioned for Inaccurate Disclosure
I'm PortAI, I can summarize articles.
Huarui Electrical Appliance received regulatory orders from the China Securities Regulatory Commission after it was found to have inaccurately disclosed shareholding information in its IPO prospectus and periodic reports since 2017. The issue stems from a concealed proxy shareholding arrangement involving its former chair, Sun Ruiliang, who held millions of shares on behalf of another individual, according to a May 24 filing with the Shenzhen bourse. Both the home appliances maker and Sun were ordered to correct the issue and submit written reports within 30 days.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading View The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments