JA Solar Technology Stocks Plunged over 20% Because Froud Investigation
On November 8, 2020, the chairman and managing director of JA Solar Technology, Jin Baofang, was investigated by the People's Procuratorate of China about the problem of benefit expropriation of public shareholders. Although JA Solar Technology announced on Monday that the chairman and managing director didn’t act any financial fraud through internal investigation, its stocks have fallen 10%, the maximum daily limit on the Shanghai exchange, respectively in two continuous trading days.
This text is a result of machine translation.
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