Ginwa Enterprise's Chairman Slapped With 3.5 Million Yuan Fine on Disclosure Violations
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The China Securities Regulatory Commission fined Ginwa Enterprise Group's chairman, Xing Yajiang, 3.5 million yuan for failing to disclose his residential surveillance by public security authorities from April to July 2024. This violation was only reported on August 23, 2024. The company stated that this issue will not significantly affect its daily operations, although its shares fell by less than 5%.
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