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Xinming China (2699): breach of Listing Rules
Company announcement, 22-Mar-2019
The company failed to disclose a RMB537m pledge of bank deposits to support borrowings by a third party from Bank of Wenzhou. We note that Chen Chengshou, the Chairman of Xinming China, is also a director of "Wenzhou Bank", presumably the same bank.
Organisations
- Bank of Wenzhou Co., Ltd. 溫州銀行股份有限公司
- Xinming China Holdings Limited 新明中國控股有限公司
- Zhejiang Muzi Trading Company Limited 浙江木子貿易有限公司
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