Shenzhen New Industries Biomedical Engineering Controller Detained

MT Newswires Live07-07

Shenzhen New Industries Biomedical Engineering (SHE:300832) actual controller Weng Xianding is placed under detention by a supervisory committee, the company said in a Thursday filing to the Shenzhen bourse, citing the family.

Weng has not held any position in the company since Sept. 8, 2021, and his detention will not have a significant impact on the company, it said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment