Inner Mongolia Electric Power Energy warned over disclosure lapses
Inner Mongolia Electric Power Energy Co., Ltd. received a warning letter from the Inner Mongolia Securities Regulatory Bureau for failing to disclose that proceeds from its 2023 non-public stock offering were channeled to investment projects via entrusted loans through related party SPIC Financial Co., Ltd.
The company also failed to disclose related party transactions with SPIC Financial in its 2023 and 2024 semi-annual reports and 2023 annual report.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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