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Kelong Yuan: CSRC Launches Investigation into Company and Controlling Shareholder over Suspected Information Disclosure Violations
36Kr learned that Kelong Yuan announced that the company and its controlling shareholder, Hunan Kelong Yuan High-Tech Group Co., Ltd., each received a Notice of Filing for Investigation from the China Securities Regulatory Commission (CSRC) today. Due to suspected violations of information disclosure rules, the CSRC has decided to open an investigation into the company and its controlling shareholder, Kelong Group. The company's production and operations are currently normal, and the matter is not expected to have a material impact on its normal business activities.
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