Rebecca has received an advance notice of administrative penalty from the Henan Securities Regulatory Bureau. Due to violations including failure to disclose related-party transactions and non-operating fund occupation, as well as inflating monetary funds, the company was given a warning and fined 6.5 million yuan. The controlling shareholder, Henan Rebecca Holdings, was fined 6 million yuan, and relevant responsible persons were also fined varying amounts. Trading in the company's shares will be suspended for one day on July 31, and will resume on August 3 with other risk warnings implemented. The A-share abbreviation will change from Rebecca to ST Rebecca, with a daily price limit of 10 percent.
Henan Rebecca Hair Products Co LtdReceived administrative penalty for violations including failure to disclose related-party transactions and inflating monetary funds; shares suspended and renamed ST Rebecca.
Controlling shareholder fined 6 million yuan for related-party transaction violations.