Hong Kong Regulator Probes Accounts of China Fiber Optic
- Shares halted Thursday as regulator looks into finances
- Hanergy, Hontex among other firms previously hit by same rule
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China Fiber Optic Network System Group Ltd., a maker of high-speed network cables, is being probed by Hong Kong’s stock market regulator over its past financial statements, a person with knowledge of the matter said.
The Securities and Futures Commission is looking into whether the company overstated its results, said the person, who asked not to be identified because the information is private. The regulator asked some of China Fiber Optic’s major customers to provide it with financial documents related to their equipment purchases from the Hong Kong-listed company, the person said.