China securities regulator punishs firms for fraudulent IPO disclosures

June 24, 2016 9:31 AM

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SHANGHAI, June 24 China's securities regulator said it had punished 17 firms and six financial intermediaries whose disclosures related to initial public offerings contained fradulent information, according to a post on the regulator's official mini-blog Friday.

Only one specific firm, Shenzhen-listed Dan Dong Xin Tai Electric Co Ltd was identified in the China Securities Regulatory Commission's (CSRC) post.

Also read: China’s Xiaomi Scales Down IPO

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