CHINA: Liquor group shares suspended on reporting discrepancies
The Chinese liquor group Wuliangye Yibin Co has been suspended from trading on the Shenzhen Stock Exchange, local reports have said, after the company allegedly broke disclosure rules.
The company, which is one of the leading spirits companies in the country, is reported to have not disclosed securities investment losses properly and to also have discrepancies in its stated core business revenue, reports said today (24 September).
The China Securities Regulatory Commission has begun an investigation.
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