Financials, Technology, Consumer Staples Jan 10, 2022 04:19 PM (GMT+8) · EqualOcean
Cailian, January 10 (Xinhua) the Guangdong Provincial Higher People's court made a final ruling on the case of Ma Xingtian, former chairman of Kangmei pharmaceutical, manipulating the securities market according to law, rejected the appeal and upheld the original judgment. On November 17, 2021, the intermediate people's Court of Foshan City, Guangdong Province sentenced Ma Xingtian to fixed-term imprisonment of 12 years and a fine of 1.2 million yuan for the crime of manipulating the securities market, illegal disclosure, non disclosure of important information and unit bribery; Xu Dongjin, former vice chairman of Kangmei pharmaceutical, and other 11 defendants were sentenced to fixed-term imprisonment of six years to six months and fined.

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