Edere (002740.sZ) : Received warning letter from Fujian Securities Regulatory Bureau

2022-05-17 0 By

Glonhui February 13 | Edere (002740.SZ) announced that the company received the “Decision no. 5 [2022] on Issuing a warning Letter to Fujian Edere Jewelry Industry Co., LTD.” from Fujian Securities Regulatory Bureau (” Fujian Securities Regulatory Bureau “) of China Securities Regulatory Commission on February 11, 2022. After investigation, the following problems were found:Major litigation and arbitration matters were not timely disclosed, and special matters of non-public offering stock subscription money and earnings rights were not disclosed. The company and its holding subsidiaries paid relevant expenses and inflated operating income through employees’ personal bank accounts.