China securities regulator suspects Giti of information disclosure violations
The China Securities Regulatory Commission (CSRC) has decided to file a case against Giti Tire Corporation (Giti Tire Corp). The tyre company is suspected of information disclosure violations. Giti Tire Corp has received an official notification from CSRC. Tyrepress notes a 22 September Shanghai Stock Exchange report detailing measures taken against the company as a result of such violatons: “In the last 12 months, we (the Shanghai Stock Exchange) imposed supervision on (Giti Tire Corp) for similar violations. (Giti Tire Corp) did not make timely rectifications and continued to carry out the same type of violations for a long time, and the circumstances were serious.”