证券时报·2025-07-26 03:57Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated investigations into multiple companies, including *ST Muban, due to allegations of financial misconduct and false disclosures in their annual reports [2][9][13]. Group 1: *ST Muban - On July 25, *ST Muban announced it received a notice from the CSRC regarding an investigation for suspected false disclosures in financial reports [2]. - The company acknowledged the investigation and stated it would cooperate with the CSRC while adhering to disclosure obligations [4]. - Four major violations were identified: 1. Incorrect financial information disclosed in March and April 2025 [5]. 2. Misuse of raised funds through transfers to related parties from suppliers between February 2024 and April 2025 [5]. 3. Non-operational fund provision to controlling shareholders and related parties, with non-operational fund occupation reaching 46.06 million yuan by June 2025 [5]. 4. Multiple errors in the 2024 annual report and other documents [5]. - As of July 25, *ST Muban's stock price fell by 1.98%, closing at 4.94 yuan per share, with a total market capitalization of 2.142 billion yuan [7]. Group 2: Other Companies - On the same day, Rebeccah (瑞贝卡) announced it was also under investigation by the CSRC for information disclosure violations, with the company affirming its commitment to cooperate with the investigation [9][11]. - Rebeccah's stock price increased by 1.09%, closing at 3.7 yuan per share, with a total market capitalization of 4.188 billion yuan [11]. - Additionally, *ST Wanfang announced it received a notice from the CSRC for suspected information disclosure violations, stating that its operations remain normal during the investigation [13][14].