China's Ningbo Ronbay Shares Fall After CATL-Related Regulatory Probe
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Shares of Ningbo Ronbay New Energy Technology fell 11% in Shanghai following an investigation by China's securities regulator into potentially misleading disclosures regarding its contract with CATL. The China Securities Regulatory Commission is probing a filing from January 14 that may contain misleading statements about the sale of LFP cathode materials. Ronbay clarified that the figures provided were estimates and that the final deal size would depend on market conditions. The company stated its operations remain normal and it will cooperate with the investigation.
Source: MorningStar The copyright of this article belongs to the original author/organization.
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