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SFC directs SEHK to suspend China High Precision (0591)
Company announcement, 22-Aug-2012
This is a very rare event, and comes after HKEx's Mark Dickens on 6-Aug publicly defended the decision to allow the stock to resume trading on 3-Aug, which itself broke with precedent of never commenting on individual cases. Given the high public interest in this case, where the company refused to share what it called "state secrets" with its auditor, the SFC should now explain why it has intervened.