Brief: Sinofert's Unit Gets Decision Of Administrative Penalty From SAMR On Price Law Violation

Sinofert Holdings

24/09/2021 15:42

Sept 24 (Reuters) - Sinofert Holdings Ltd  0297.HK :
    * UNIT RECEIVED A DECISION OF ADMINISTRATIVE PENALTY FROM
STATE
ADMINISTRATION FOR MARKET REGULATION
    * SAMR ORDERED SINOCHEM FERTILIZER TO MAKE RECTIFICATION FOR
VIOLATION OF PRICE LAW OF PRC & IMPOSED A PENALTY OF RMB2.6
MILLION
    * ADMINISTRATIVE PENALTY WILL HAVE NO MATERIAL IMPACT ON
BUSINESS
OPERATION AND FINANCIAL POSITION OF CO

Source text for Eikon:  ID:nHKSVwgF6 
Further company coverage:  0297.HK 

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