Ganfeng Lithium Co (HK:1772) has released an update.
Ganfeng Lithium Group Co., Ltd. has announced that it received a Written Decision on an Administrative Penalty from the China Securities Regulatory Commission (CSRC) due to allegations of insider trading. The case, which was originally filed in January 2022, has led to a formal penalty issued by the CSRC as disclosed by the company. Investors are advised to consider the implications of these regulatory actions on the company’s stock.
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