The chairman was fined million yuan! Haozhi Electromechanical suffered a heavy blow, with its share price falling by more than
After more than three years of indepth investigation, the case of Haozhi Mechanical and Electrical's manipulation of the securities market reached its final conclusion on the evening of December . The company's chairman Tang Xiuqing was fined a huge amount of million yuan, and the financial director Xiao Yonglin was fined million yuan.
Although the company emphasized that there was no significant turkey phone number list impact on production and operations, the market reaction was still quite intense. In today's early trading, Haozhi Mechanical & Electrical's stock price fluctuated and fell. As of press time, the stock price was . yuan, down .. In the past half month, the stock has fallen by more than .
On the evening of December , Haozhi Mechanical & Electrical issued a statement saying that the company's controlling shareholder, actual controller, chairman Tang Xiuqing and director, board secretary, deputy general manager, and financial director Xiao Yonglin received the "Administrative Penalty Decision" from the China Securities Regulatory Commission, in which Tang Xiuqing was fined a huge amount of million yuan and Xiao Yonglin was fined million yuan.