China International Capital (HK:3908) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
China International Capital Corporation (CICC) has been penalized by the China Securities Regulatory Commission for failing to exercise due diligence in its sponsorship of S2C Limited’s IPO. The regulatory body found misrepresentations in the documents issued by CICC and imposed a fine of RMB 6 million, along with other penalties. CICC has committed to improving its practices to better protect investors and the capital market.
For further insights into HK:3908 stock, check out TipRanks’ Stock Analysis page.