Caixin
Jul 06, 2018 07:47 PM
FINANCE

Construction Firm Faces Delisting Over Phony Deal

Jiangsu Yabaite Technology Co. Ltd. may become only the second company to be kicked off a Chinese mainland stock exchange for fabricating information in its financial reports. Photo: IC
Jiangsu Yabaite Technology Co. Ltd. may become only the second company to be kicked off a Chinese mainland stock exchange for fabricating information in its financial reports. Photo: IC

Shenzhen-listed construction company Jiangsu Yabaite Technology Co. Ltd. faces delisting for fabricating information in its financial reports, according to a company filing (link in Chinese) on Thursday.

The company, whose case has been passed on to public security officials, was fined last year for fabricating a contract for a nonexistent transit project in Pakistan.

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