China’s *ST Najin (300198.SZ) received a filing notice from the China Securities Regulatory Commission (CSRC) on October 9 over suspected information disclosure violations in its 2023 annual report. The ChiNext-listed company, already under delisting risk warning, is attempting to resolve its debt crisis through pre-restructuring, but the sudden regulatory investigation adds further uncertainty to its already fragile efforts to retain its listing status.
Najin Co., Ltd. confirmed in its announcement that evening that the CSRC has decided to launch an investigation pursuant to the Securities Law of the People’s Republic of China, the Administrative Penalty Law of the People’s Republic of China, and other relevant laws and regulations….