China's securities regulator has halted reviews of IPO applications for 29 companies that hired Ruihua Certified Public Accountants, according to a statement released by the China Securities Regulatory Commission (CSRC) on Friday.
Ruihua, which has been auditor of scandal-ridden Kangde Xin Composite Material Group Co. Limited since 2012 , is currently under investigation by the securities regulator for its role in Kangde Xin's information disclosure breaches after an inquiry into the listed company uncovered a massive fraud.
The . . .
To continue reading, please subscribe. You will get
- ORIGINAL & IN-DEPTH reporting about key trends in China's economy and financial markets
- THE WIRE 7*24 - up-to-the-minute updates, with details and data you won't find elsewhere.
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
- QUALITY MATTERS. We provide quality information to help intelligent and professional readers make informed decisions.
GRAB THE MID-YEAR SPECIAL OFFER !
SUBSCRIBE AT $0.5 A DAY!
Contact us for group subscriptions: firstname.lastname@example.org
We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In