20 May 2019

Everbright Securities told to improve due diligence, paper says

Everbright Securities Co. Ltd. (601788.CN) said Tuesday that it has been ordered by the China Securities Regulatory Commission to improve its internal controls and due diligence procedures when handling listing applications, China Securities Journal reported Wednesday. The order came after Everbright Securities failed to exercise due diligence in the recent initial public offering of Tianfeng Energy-saving Panel Technical Inc. The lapses included filing inaccurate company information, the report said.

– Contact HKEJ at [email protected]



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