Analysts have expressed concern that the mainland share market could suffer reputational damage from financial irregularities and corporate governance issues. Photo: AFP Analysts have expressed concern that the mainland share market could suffer reputational damage from financial irregularities and corporate governance issues. Photo: AFP
Analysts have expressed concern that the mainland share market could suffer reputational damage from financial irregularities and corporate governance issues. Photo: AFP

IPO

Business /  Banking & Finance

Dozens of companies suspend fundraising as investigation into audit firm Ruihua enters fourth week

  • Forty-two companies have halted bond and share fundraising activities since investigation into Ruihua Certified Public Accountants began in early July
  • Four companies seeking to IPO on the new tech board in Shanghai have also had to halt their listing plans

Topic |   IPO
Xie Yu
Xie Yu

Updated: 4:36pm, 30 Jul, 2019

Why you can trust SCMP
Analysts have expressed concern that the mainland share market could suffer reputational damage from financial irregularities and corporate governance issues. Photo: AFP Analysts have expressed concern that the mainland share market could suffer reputational damage from financial irregularities and corporate governance issues. Photo: AFP
Analysts have expressed concern that the mainland share market could suffer reputational damage from financial irregularities and corporate governance issues. Photo: AFP
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