After seven ups and downs in Lianla, St Xinhai was investigated by CSRC for suspected of violating the regulations.
In the early trading, St Xinhai opened a word to a halt, with more than 510000 sealed documents. As of the draft, the stock price was still closed at a drop stop, at 2.94 yuan / share.
Investigation of the CSRC after the company was suspected of violating the regulations of credit and drape
Open word limit
Last night, St Xinhai issued a notice that the company received the notice of investigation of China Securities Regulatory Commission (No.: jzjz No. 211229) on July 13, 2021. Due to the company’s suspected Information Disclosure Violation, according to the relevant provisions of the securities law of the people’s Republic of China, the CSRC decided to conduct a case investigation on the company.
In fact, St Xinhai was investigated for suspected information disclosure violations, which has been a precursor. In January, Jiangsu Securities Regulatory Bureau issued a warning letter to st Xinhai. Due to several acts violating the relevant provisions of the measures for the management of information disclosure of listed companies, the bureau decided to take administrative supervision measures to the company, chairman and general manager Zhang Yibin and then Secretary of the board of directors Xulei, and record it in the credit file of securities and futures market.
It is worth noting that st Xinhai has already cut 7 companies before receiving the CSRC investigation notice.