ST Power New Energy: The China Securities Regulatory Commission has filed a case against the company and Zhang Bao
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According to the Zhitong Finance APP, ST Power New Energy announced that the company has received a "Notice of Case Filing" delivered by the China Securities Regulatory Commission. Zhang Bao (one of the company's co-actual controllers and a director) has also received a "Notice of Case Filing" from the CSRC. The company and Zhang Bao are under investigation for suspected violations of information disclosure laws and regulations, and a case has been filed against both. In addition, the company has learned that the Zhuji City People's Procuratorate has legally made an arrest decision against Zhang Bao for the crime of embezzlement
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