BRIEF-CICC Says CSRC To Warn, Fine Co For Failure To Exercise Due Diligence In S2C IPO

T-Reuters

2024/10/27

To Shorten Headline:Oct 27 (Reuters) - China International Capital Corporation Limited (Cicc) 3908.Hk<601995.Ss>:.Says Securities Regulator Intends To Warn Co For Failure To Exercise Due Diligence In Respect Of S2C Limited Ipo.Says Csrc Intends To Confiscate Co'S 2 Million Yuan ($280,902.82) Sponsorship Business Income, To Fine Co 6 Million Yuan ($842,708.47), And To Warn And Fine Two Responsible Officers.Says Co Accepts The Penalties And Will "Learn Lessons From This Case For Comprehensive Rectification".

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