Asia
Guoguang Electric Gets Warning Over Disclosure Breaches; Shares Dip 10%
Guoguang Electric (SHE:002045) received a warning from the China Securities Regulatory Commission for failing to disclose information in a timely manner, according to a Shenzhen bourse filing on Saturday.The Chinese electronic components maker's shares slumped 10% during Monday's afternoon trade.The regulator's probe found that the company did not disclose information of earnings generated from its disposal of Yibin Libao New Materials, as well as the source of funds in an employee stock ownership plan. The company also has undisclosed fund transfers conducted by some of its executives.
SHE:002045
