Genimous Gets Warning Over Disclosure Breaches; Shares Dip 10%
Genimous Technology (SHE:000676) received a warning from the China Securities Regulatory Commission for the failure to disclose certain information and transactions, according to a Shenzhen bourse filing on Saturday.The software company's shares slumped 10% during Monday's afternoon trade.The regulator's probe found that the company did not disclose an equity holding proxy agreement with its controlling shareholder, Beijing Zhidu Dezheng Investment, as well as other related-party transactions.