Zhongxin Finance, June 13. ST Busen announced on the 13th that due to violations of laws and regulations in information disclosure, ST Busen recently received the "Decision on Administrative Penalty" from the Zhejiang Supervision Bureau of the China Securities Regulatory Commission. ST Busen was ordered to rectify and gave a warning. He was fined 500,000 yuan, then chairman Zhao Chunxia and then chairman Wang Chunjiang were fined 50,000 yuan and 300,000 yuan respectively.
At the same time, ST Busen simultaneously disclosed an announcement of an asset transfer agreement, announcing that according to the needs of business development, in order to revitalize the company's assets and improve the efficiency of asset operation and use, ST Busen intends to sign the "Asset Transfer Agreement" with Zhuji Duxing Textile Technology Co., Ltd. , plans to transfer the company's industrial land and workshop in Meiyuan Village, Fengqiao Town, Zhuji City, Shaoxing City for a total price of 43 million yuan.(Finish)
