BEIJING, June 24 (Xinhua) -- China's securities regulator has vowed to better protect investors after naming and shaming two listed companies for misappropriating capital, Tuesday's China Securities Journal has reported.
Fan Fuchun, vice chairman of the China Securities Regulatory Commission(CSRC), said on Monday that the CSRC would intensify investigations into capital misappropriation by large shareholders.
Fan said two companies -- the Shenzhen-listed Zoje Sewing Machine Co., Ltd and the Shanghai-listed Shandong Jiufa Edible Fungus Co., Ltd -- had been referred to the police for further investigation into alleged misappropriation.
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