CUB Elecparts (TPE:2231) said its chairman, Yu San Chuan, received a suspended sentence in a first-instance judgment from the Changhua District Court in Taiwan.
Yu was prosecuted for alleged violations of the Securities and Exchange Act earlier this year, according to a Wednesday Taiwan Exchange filing.
The electronic parts manufacturer assured that its operations, finances, and business remain unaffected by the ruling.
Shares of the company dropped over 8% recently.
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