Shanxi Securities Co.Ltd(002500) announced that on January 18, Shanxi Securities Co.Ltd(002500) holding subsidiary Zhongde Securities Co., Ltd. received the notice of filing a case from the CSRC. In accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations, China Securities Regulatory Commission decided to file a case against Sino German securities due to the suspected violation of the recommendation business in the 2016 non-public offering of shares by LETV information technology (Beijing) Co., Ltd.
The announcement said that Sino German securities will fully cooperate with the relevant work of the regulatory authorities. Shanxi Securities Co.Ltd(002500) said that the company will perform its information disclosure obligations in strict accordance with regulatory requirements. At present, the company’s operation is normal.
