Zhejiang Yongan Rongtong Faces Trading Suspension Over Undisclosed Advance Payments
I'm PortAI, I can summarize articles.
Zhejiang Yongan Rongtong Holdings Co. Ltd. is facing a trading suspension due to an accounting issue involving undisclosed advance payments totaling RMB167,726,664 to two companies. The payments were made for working capital but did not comply with disclosure and approval requirements under the GEM Listing Rules. Consequently, the company's auditor has resigned, and trading of its shares is suspended until compliance is achieved and the issues are resolved.
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: Reuters 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