Press "Enter" to skip to content

China halts IPO reviews of nearly 30 firms that hire scandal-ridden Ruihua


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 and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day


FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In