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China Securities Regulator Issues Warning Letter to Distressed Asset Manager Goho Asset Management for Misusing Funds Raised, Inaccurate & Late Disclosure of Information, Goho Asset Management Announced in January 2024 for Inability to Repay $42 Million Debts with Some Assets Frozen or Seized, 4 Bonds with Total Principal of $309 Million with 3 Bonds Due in 2024
11th January 2024 | Hong Kong
The China Securities Regulatory Commission (CSRC) has issued a warning letter to distressed asset manager Goho Asset Management for misusing funds raised, and releasing inaccurate information & late disclosure of information. In 2024 January, Goho Asset Management had announced their inability to repay $42 million debts (CNY 298 million) with some assets frozen or seized. Goho Asset Management has 4 bonds with total principal of $309 million (CNY 2.2 billion) with 3 bonds due in 2024.
“ China Securities Regulator Issues Warning Letter to Distressed Asset Manager Goho Asset Management for Misusing Funds Raised, Inaccurate & Late Disclosure of Information, Goho Asset Management Announced in January 2024 for Inability to Repay $42 Million Debts with Some Assets Frozen or Seized, 4 Bonds with Total Principal of $309 Million with 3 Bonds Due in 2024 “
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China Securities Regulator Issues Warning Letter to Distressed Asset Manager Goho Asset Management for Misusing Funds Raised, Inaccurate & Late Disclosure of Information
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