Yeebo Affiliate Suzhou QingYue Faces CSRC Probe Over Financial Reports

Reuters
Nov 03
Yeebo Affiliate Suzhou QingYue Faces CSRC Probe Over Financial Reports

Yeebo (International Holdings) Ltd. holds an approximately 28.08% equity interest in Suzhou QingYue Optoelectronics Technology Co. Ltd., making it an affiliate of the Group. Suzhou QingYue, which develops, manufactures, and sells OLED, e-paper modules, and micro-OLED products, recently announced it received a "Notice of Case Filing" from the China Securities Regulatory Commission regarding alleged false information in its periodic financial reports. Suzhou QingYue stated it will fully cooperate with the investigation and that its business operations remain uninterrupted.

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