The "First Stock to Switch Boards" on the Sci-Tech Innovation Board, *ST Guandian, faces regulatory crackdown again, as the CSRC initiates an investigation for suspected information disclosure violations and illegal activities.

MaticHoleFiller · 2026-04-06T19:42:24+00:00

*ST Guandian is under investigation by the China Securities Regulatory Commission for information disclosure violations and faces delisting risk. The company's financial condition has deteriorated, with massive losses in 2024 and multiple significant guarantees undisclosed. Past violations have further increased the risk. If the investigation concludes that there are major illegalities, it will trigger mandatory delisting provisions.

MaticHoleFiller

2026-04-06 19:42:24

Abstract generation in progress

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