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The latest announcement is out from Citychamp Watch & Jewellery Group ( (HK:0256) ).
Citychamp Watch & Jewellery Group Limited announced that Ms. Sit Lai Hei, a director of the company, received an Advance Notice of Administrative Penalty from the China Securities Regulatory Commission for advising others to deal with shares of Citychamp Dartong Advanced Materials Co., Ltd. and engaging in short-term trading. These actions violated the Securities Law of the People’s Republic of China. The penalties include fines totaling RMB1,800,000. The company clarified that this investigation is personal to Ms. Sit and does not impact its operations, which continue as usual.
More about Citychamp Watch & Jewellery Group
Citychamp Watch & Jewellery Group Limited is a company incorporated in the Cayman Islands, primarily operating in the watch and jewellery industry. The company is listed on the Hong Kong Stock Exchange and focuses on producing and managing high-quality timepieces and jewellery products.
Average Trading Volume: 27,534,223
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.11B
Learn more about 0256 stock on TipRanks’ Stock Analysis page.