Zuojiang Tech slumps as much as the 20% daily limit after resuming trading, after the Chinese regulator said it found suspected fraud in the company’s 2023 financial Information.
- CSRC’s probe into Zuojiang Tech found financial information disclosed in 2023 is “seriously untrue” and “suspected of major financial fraud”, the regulator said in a
statement on its preliminary investigation results - Zuojiang says it hasn’t yet received the investigation result from CSRC, according its statement to the Shenzhen Stock Exchange
- Shares had been halted trading in Shenzhen since Jan. 24
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