Chinese Regulator Probes Six Companies in IPO Fraud Crackdown
21 Oct 2016

The China Securities Regulatory Commission said Friday it’s investigating six companies over alleged wrongdoings related to initial public offerings and disclosures.

Longbao Ginseng & Antler Co., which is applying for a listing, is among the companies, the CSRC said in a statement posted on its official Weibo account. The five other companies, which have already gone public, are Guangdong Guangzhou Daily Media Co., Ingenious Ene-Carbon New Materials Co., Infotmic Co., P2P Financial Information Service Co. and Shenzhen Ecobeauty Co. The six are the first batch of cases announced following the start of a CSRC enforcement campaign targeting IPO frauds.

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