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*ST Kerry (002072): Receipt Of Decision Of The SFC On Administrative Penalty

2020/6/19 11:53:00 0

*ST KerryKai ReedGerman Cotton SharesTextile StocksThe Latest Announcement

ST Kerry (002072) announced in the evening of June 18th, in June 17th, the company received the decision on administrative penalty issued by the SFC. It was found that the company did not disclose the sale of its subsidiary stock matters as related transactions, and did not disclose the illegal facts of the non operating capital transactions with the related parties. The SFC decided to give the company a warning and impose a penalty of 300 thousand yuan. A warning for Wu Lianmo and a fine of 600 thousand yuan; a warning of Liu Shuyan, Zhang Bin and Liu Tao and a fine ranging from 30 thousand yuan to 100 thousand yuan.

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