The actual controller of BSM has been filed for allegedly failing to fulfill the obligations of a tender offer and violating information disclosure regulations
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BSM announced that its actual controller Chen Feng is under investigation by the China Securities Regulatory Commission for allegedly failing to fulfill the obligations of a tender offer and violating information disclosure regulations. The notice of the investigation was issued on October 31, 2025, involving the Securities Law of the People's Republic of China and the Administrative Penalty Law of the People's Republic of China
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