Core Points - The company, Kaige Precision Machinery, received a regulatory notice from the Guangdong Securities Regulatory Bureau regarding violations related to the use of raised funds [2][3] - The violations include overpayment of salaries for the "Research and Testing Center Project" and misallocation of funds for unrelated personnel in the "Precision Intelligent Manufacturing Equipment Production Base Construction Project" [2] - The company’s chairman and other executives were held responsible for these violations and received warning letters [2] Summary by Category Regulatory Actions - The Guangdong Securities Regulatory Bureau ordered Kaige Precision Machinery to rectify its violations and issued warning letters to key executives including the chairman and former general manager [2] - The Shenzhen Stock Exchange also issued a regulatory letter citing violations of its listing rules [3] Company Background - Kaige Precision Machinery was established in 2005 and focuses on the research, production, sales, and process solutions of high-end precision automation equipment [3] Market Performance - On the day of the announcement, Kaige Precision Machinery's stock rose by 0.98%, closing at 64.79 yuan per share [3]
V观财报|凯格精机被责令改正、收监管函董事长邱国良等4人遭警示