News from China News on May 6th. On the evening of May 6th, Weiwei announced that, due to the company ’s alleged information disclosure violations, the Securities Regulatory Commission decided to investigate the company in accordance with relevant regulations. Weiwei shares are famous for Weiwei soy milk. In recent years, they have tried to diversify and dabbled in liquor, real estate and other industries. Weiwei shares responded to the Shenzhen Stock Exchange’s inquiry letter on March 25. According to the self-examination of listed companies, Weiwei Group had illegally occupied the funds of listed companies in 2019, amounting to 944 million yuan.
(Original title “Investigation of Weiwei shares due to suspected information disclosure violation of laws and regulations”)