Nanfang Black Sesame (SHE:000716) received a warning from Guangxi's securities regulator for undisclosed fund transfers by its top shareholder and a 65.5-million-yuan hidden guarantee for a children's hospital loan.
The violations, spanning 2020 to 2024, involved failures in governance and disclosure, according to a Wednesday filing with the Shenzhen bourse.
The sesame products and rice noodle manufacturer needs to submit a rectification plan within 30 days, improve internal controls, and prevent recurrences.
Shares of Nanfang Black Sesame closed 3% lower Wednesday.
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