Oct 22, 2021 10:07 PM (GMT+8) · EqualOcean
Financial Associated Press, October 22, * ST Xinyi announced that the company received the prior notice of administrative punishment and market prohibition from the CSRC on October 8. According to the investigation, * ST Xinyi falsely increased its operating income by 19.174 million yuan, non operating income by 75.9 million yuan and total profit by 80.6032 million yuan from 2018 to 2019. The CSRC plans to impose a total fine of 25 million yuan on Huang Wei and others; It also plans to take lifelong market entry prohibition measures against Huang Wei and Li Yong.