Tanaka Precision Machinery: Zhejiang Securities Regulatory Bureau issued a warning letter to the company and related responsible persons due to issues such as failure to timely disclose arbitration in litigation.
On January 30th, Tanaka Precision Machinery announced that the company received a decision from the Zhejiang Securities Regulatory Bureau to issue a warning letter to Zhejiang Tanaka Precision Machinery Co., Ltd. and related personnel for issues such as failure to timely disclose litigation and arbitration, as well as failure to timely review and disclose related party transactions. The chairman and general manager, Xiao Yongfu, the chief financial officer, Liu Guangtao, and the company secretary, Yu Wenbin, are held primarily responsible for the above violations. The Zhejiang Securities Regulatory Bureau decided to implement supervision measures by issuing warning letters to the company and related responsible individuals, and will also record this in the market integrity file for securities and futures.
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