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Liaoning SG Automotive Group Co Ltd Receives Administrative Order


Monday, 14 Oct 2013 08:00pm EDT 

Liaoning SG Automotive Group Co Ltd announced that it has received an administrative order from Liaoning Regulatory Bureau of China Securities Regulatory Commission on October 12, 2013, for problems covering areas of authorization of board of directors, lack of impairment test for inventories of subsidiaries and substandard cash accounting of subsidiary.