ST BLEST and related parties received an administrative penalty decision from the Hunan Securities Regulatory Bureau
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ST BLEST and related parties received an administrative penalty decision from the Hunan Securities Regulatory Bureau. The penalty includes failure to disclose non-operating fund occupation matters as required and significant omissions in the annual report. Hunan BLEST was ordered to rectify and fined 4 million yuan; Wang Hairong was fined 6 million yuan and banned for 3 years; Wang Wei and Yu Lanjian were fined 800,000 yuan and 500,000 yuan respectively
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