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