Wuliangye violated disclosure rules -report
BEIJING, Sept 23 |
BEIJING, Sept 23 (Reuters) - Wuliangye Yibin 000858.SZ, one of China's top liquor makers, did not properly disclose a securities investment loss and was found to have discrepancies in its stated core business revenue, media reported on Wednesday, citing the country's stock watchdog.
Caijing magazine said the China Securities Regulatory Commission was still investigating the company.
Wuliangye Yibin said on Sept. 9 it was being investigated by authorities. Its share price has fallen 10.4 percent since it announced the investigation. (Reporting by Kirby Chien; Editing by Dan Lalor) ($1 = 6.83 yuan)
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