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Provider : Thomson Reuters Stock Report

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LCA Holdings Corporation receives administrative orders from SESC

Wednesday, 4 Dec 2013 05:15am EST 

LCA Holdings Corporation:Says Securities and Exchange Surveillance Commission (SESC) announced surcharge payment order for fine of 353,290,000 yen to the company on Dec. 4.Says SESC also ordered submission of revised financial report and registration statement by the company, on Dec. 4.Says the orders are mainly for overassessment of real estate in a private placement disclosed in 2009.Says the company has formed a third party committee on the issue and will take actions according to the result of investigation by the committee. 

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