19 August 2019

Everbright Securities fined over Henan Tianfon IPO, report says

China Everbright Securities Co. Ltd. (601788.CN) said late Tuesday that it was handed administrative penalty of 4.3 million yuan (US$699,806) by the China Securities Regulatory Commission (CSRC) in a case related to the IPO of Henan Tianfon Energy-saving Panel Science and Technology Co. Ltd. last year, the 21st Century Business Herald reported Wednesday. The CSRC also issued a warning and confiscated some 2.15 million yuan that Everbright Securities is said to have reaped in improper gains. The watchdog could also hand a lifetime ban on two representatives of the securities firm, the report said.

– Contact HKEJ at [email protected]



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