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Guangxi Guidong Electric Power Co Ltd Receives Administrative Supervision Decision

Monday, 22 Jul 2013 08:00pm EDT 

Guangxi Guidong Electric Power Co Ltd announced that it has received an administrative supervision decision from Guangxi Regulatory Bureau of China Securities Regulatory Commission, according to which the Company was required to take corrective actions according to the problems identified during the inspection by Guangxi Regulatory Bureau on March 13, 2013. The problems cover areas including corporate independence, standard operation and information disclosure, and internal control. The corrective actions are required to be taken before December 31, 2013 and the Company has to submit corrective report to Guangxi Regulatory Bureau in 30 days after the receiving this decision.