What happened to Lingbao Open Source Mining?

Be punished. Lingbao Kaiyuan Mining is a mining company listed on the Hong Kong Stock Exchange. Its main business is mining, processing and selling bauxite and alumina. In recent years, the company has been repeatedly punished by the regulatory authorities for violating the listing rules of the Hong Kong Stock Exchange and the Companies Ordinance. In 20 17, the Hong Kong Securities Regulatory Commission investigated the inflated sales revenue and inaccurate goodwill statement of Lingbao Open Source Mining in its announcement, and finally made a fine decision on the company. The company was repeatedly investigated and punished by the Hong Kong Securities Regulatory Commission for illegally occupying the funds of its subsidiaries and privately leaking inside information. Lingbao Open Source Mining is committed to improving the corporate governance system and strengthening internal control and information disclosure to correct past violations and restore investors' confidence.