CSRC cites 12 listed companies for inadequate disclosure of asset transactions

SHANGHAI (AFX-ASIA) - The China Securities Regulatory Commission has cited 12 listed companies for failing to keep the commission informed of major asset transactions, the China Securities newspaper reported.	    According to the report, a CSRC document said the companies failed to comply with regulations requiring firms to inform the CSRC of the asset transactions in a timely manner.	    Some of the companies did not inform the CSRC of the transactions until after their general meetings.	    Two of the companies have still not informed the commission of the opinions of intermediary bodies on asset transactions already carried out.	    The companies include Hunan Hengyang Jinli Technology (Agricultural) Co Ltd, Shenzhen Shenxin Taifeng Group Co Ltd, Beijing CCID Media Investments Co Ltd, Jiangsu Chinese.com Co Ltd, Hainan Haide Textile Industrial Co Ltd, Lanzhou Minbai Shareholding (Group) Co Ltd and Sinopec Shandong Taishan Petroleum Co Ltd.	    They also include Zhuhai Huadian Co Ltd, Shijiazhuang Quanyechang Co Ltd, Shanghai Fenghua Ballpen Co Ltd, Shanghai Yigang Shaped Steel Tube Co Ltd, Shanghai Image & Data Technology Co Ltd and Huanghe Machinery and Electronics Co Ltd.	    The 12 companies account for one third of all the listed firms which carried out major asset transactions last year, the report said. 

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