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Ex-Chairman of Delisted-Shanghai Stock Exchange China $2.1 Billion Amethystum Storage Technology Zheng Mu & Ex-Board Member Luo Tiewei Had Been Arrested & Found Guilty of Financial Statement Manipulation by Overstating Revenue of $98 Million from 2017 to 2020, China Securities Regulatory Commission Fined Amethystum Storage Technology $5.1 Million, Banned Zheng Mu Alongside a $3 Million Fine, Luo Tiewei Banned for 10 Years & Fined $2.55 Million
28th December 2023 | Hong Kong
The ex-Chairman of delisted-Shanghai Stock Exchange China $2.1 billion (market value) Amethystum Storage Technology Zheng Mu & ex-board member Luo Tiewei had been arrested & found guilty of financial statement manipulation by overstating revenue of $98 million from 2017 to 2020. China Securities Regulatory Commission (CSRC) had earlier fined Amethystum Storage Technology $5.1 million, banned Zheng Mu alongside a $3 million fine, and banned Luo Tiewei for 10 years & fined $2.55 million. Amethystum Storage Technology IPO on Shanghai Stock Exchange (STAR Market) in 2020 with a market capitalization of $2.1 billion (CNY 78.24). In 2023 July, Amethystum Storage Technology delisted with share price of CNY 0.64, decreasing more than 99% since its IPO.
“ Ex-Chairman of Delisted-Shanghai Stock Exchange China $2.1 Billion Amethystum Storage Technology Zheng Mu & Ex-Board Member Luo Tiewei Had Been Arrested & Found Guilty of Financial Statement Manipulation by Overstating Revenue of $98 Million from 2017 to 2020, China Securities Regulatory Commission Fined Amethystum Storage Technology $5.1 Million, Banned Zheng Mu Alongside a $3 Million Fine, Luo Tiewei Banned for 10 Years & Fined $2.55 Million “
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Ex-Chairman of Delisted-Shanghai Stock Exchange China $2.1 Billion Amethystum Storage Technology Zheng Mu & Ex-Board Member Luo Tiewei Had Been Arrested & Found Guilty of Financial Statement Manipulation by Overstating Revenue of $98 Million from 2017 to 2020
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