Chinese firms in hot water for not issuing reports on time

Saturday, 11 May 2019 12:13

Five Chinese firms are being investigated for not issuing their annual reports on time.

The China Securities Regulatory Commission (CSRC) said the companies could be guilty of information disclosure violations.

Trade in their shares has been suspended while the investigations are ongoing.

The five firms are as follows: ShangHai ZhongYiDa Co Ltd, Xinjiang Yilu Wanyuan Industrial Investment Holding Co., Ltd, Zhejiang Great Southeast Co Ltd, Changsheng Bio-technology Co Ltd and Chengdu Huaze Cobalt & Nickel Material Co Ltd.

More from Business

Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice

US President Donald Trump on Thursday signalled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.
Mubadala announces $600M investment in Nord Anglia Education

Abu Dhabi-based Mubadala Investment Company has signed an agreement to acquire a $600 million (around AED 2.203 billion) minority stake in private school operator Nord Anglia Education.
Shein, Temu to hike prices under pressure from Trump's trade policies

Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as US President Donald Trump's crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings.
US issues new sanctions targeting Chinese importers of Iranian oil

The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery, as President Donald Trump's administration seeks to ramp up pressure on Tehran.
IATA: Aviation sector contributes $92 billion to UAE economy

A new study from the International Air Transport Association (IATA) has revealed that aviation and related tourism contributed $92 billion (AED 337.9 billion) to the UAE’s economy in 2023, making up 18.2 per cent of the country’s GDP.

Coming Up on Dubai Eye

The Score
7:00pm - 9:00pm

Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.
The Music Mix
9:00pm - 11:00pm

Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!

Search Dubai Eye 103.8

Chinese firms in hot water for not issuing reports on time

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go

Search Dubai Eye 103.8

Chinese firms in hot water for not issuing reports on time

Share

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go