Focus on Aluminum Fabrication & Solution Providing
Securities regulatory commission reported in the first half of the IPO companies on-site inspection work
SMM webex: aluminum manufacturers the SFC spokesman Gao Li reported on September 1 in the first half of 2017 IPO companies on-site inspection work. The 35 companies involved examination, examination revealed part of the enterprise is not the strict accounting policy and the aluminum manufacturers business accounting treatment is not in conformity with the accrual basis, the prospectus disclosure caliber inconsistent, aluminum manufacturers incomplete disclosure of related party and related party transactions or internal control implementation does not reach the designated position, cash use is not standard, accounting documents preparation is not timely, projects under construction to turn solid. The CSRC has through the feedback opinion letter form told and supervise the rectification, the implementation of issuers and intermediaries. Gao Li is introduced, the inspection deparment transferred to the bureau for two companies suspected of illegal clues, aluminum manufacturer for some special processing enterprises and the relevant intermediary agencies. There are 13 companies submitted withdraw the application during inspection. She said, in the second half of this year, the SFC will continue to conduct on-site inspections of IPO companies work, supervise and urge the issuer to improve the quality of information disclosure, aluminum manufacturers urged intermediaries diligently, the pass of the capital market entry.