ST Zhuoran announced that, due to suspected illegal information disclosure, the China Securities Regulatory Commission has preliminarily found that some annual financial information disclosed by the company is suspected of false records, which may trigger mandatory delisting for major violations. If the facts determined in the subsequent administrative penalty meet this condition, the company's shares will be subject to mandatory delisting for major violations. As of the announcement date, the China Securities Regulatory Commission's investigation is still ongoing, and the company said it will actively cooperate and fulfill its information disclosure obligations. ST Zhuoran is mainly engaged in the modular and integrated manufacturing of large-scale refining and chemical special equipment. As of the close on August 19, the stock price was 1.98 yuan per share, with a latest market value of 460 million yuan, and a cumulative decline of more than 81% this year.
Shanghai Supezet Engineering Technology Corp LtdCSRC preliminary finding of false financial records may trigger mandatory delisting for major violations.
