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

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

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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