The steelmaker was fined 600,000 yuan and 45 of its executives were named, shamed and received individual fines. Photo: Fushun Special Steel
Chinese steelmaker that cooked the books shows struggle to revive rust belt
- Shanghai-listed Fushun Special Steel was found to have fabricated financial numbers including for its inventory, earnings and fixed-asset investments
- Regulator fined the company US$87,200, named and shamed 45 of its executives and slapped individual fines on them too
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The steelmaker was fined 600,000 yuan and 45 of its executives were named, shamed and received individual fines. Photo: Fushun Special Steel
