Others News
- Guangdong News
Date: 4-Jun-2007 Sources: (Shenzhen Daily)
DONG ZHENGQING announced Friday his resignation as president of GF Securities, two days after the securities regulator said it would impose administrative penalties on a number of companies and officials involved in the backdoor listing of the Guangzhou-based brokerage.
Domestic media reported yesterday that Dong, a veteran of the securities market, made his resignation announcement at a company meeting Friday afternoon. The China Securities Regulatory Commission began a probe into insider trading and improper disclosure in mid-2006 after shares in Shenzhen-listed Yan Bian soared before it announced June 5 last year that GF, the country's sixth-biggest brokerage, would take it over for a backdoor listing.
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