ST Jinhongshun announced that its actual controller, Liu Xu, is under investigation by the China Securities Regulatory Commission (CSRC) for alleged information disclosure violations. The Jiangsu branch of the CSRC issued a notice of investigation, requiring Liu Xu to cooperate within 30 days. The company itself is also under investigation for similar reasons. AI
RANK_REASON Regulatory action against an individual associated with a company.
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