On December 11, the Shanghai Stock Exchange announced a regulatory warning against Tang Xugu, the former CFO of AsiaInfo Security. After the fundraising cash management period approved by the company's Board of Directors expired, the company failed to timely perform the corresponding review and information disclosure procedures, resulting in irregularities in the fundraising cash management and violations of relevant regulations.
募集资金现金管理不规范,亚信安全及时任财务总监被上交所予以监管警示
The management of the raised funds' Cash is not standardized, and the former financial director of AsiaInfo Technology has been given a regulatory warning by the Shanghai Stock Exchange.
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