China International Capital (HK:3908) has released an update.
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China International Capital Corporation (CICC) faces administrative penalties from the China Securities Regulatory Commission for failing to exercise due diligence during the IPO sponsorship of S2C Limited. The penalties include a rectification order, confiscation of sponsorship income, and fines for CICC and its responsible officers. CICC has expressed its commitment to improving its professional standards to better serve the capital market.
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