With China Securities Regulatory Commission investigating six companies over alleged wrongdoings related to initial public offerings and disclosures.
In August, Bursa Malaysia was made into a LAUGHING stock when the China based Maxwell International Bhd said that their revenue was ZERO while losses came up to more than RM30 million.
Longbao Ginseng & Antler Co., which is applying for a listing, is among the companies, the CSRC said in a statement posted on its official Weibo account.
The five other companies, which have already gone public, are Guangdong Guangzhou Daily Media Co., Ingenious Ene-Carbon New Materials Co., Infotmic Co., P2P Financial Information Service Co. and Shenzhen Ecobeauty Co.