Erscheinung:06.05.2024, Stand:updated on 28.05.2024 | Topic Measures Announcement about ZhongDe Waste Technology AG
On 24 April 2024, BaFin imposed coercive fines on ZhongDe Waste Technology AG totalling 141,250 euros to enforce an order concerning compliance with the financial reporting requirements under section 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG).
ZhongDe Waste Technology AG contravened the requirements under section 114 (1) sentences 2 and 3 of the WpHG with respect to the annual financial information for the financial year 2022 as well as section 115 (1) sentences 1 to 4 of the WpHG with respect to the half-yearly financial report for the financial year 2023 and BaFin issued a notice on 9 February 2024 to order the company to comply with these requirements (see announcement by BaFin of 22 February 2024). The company has failed to comply with this order.
The notice is immediately enforceable but not yet final and binding.
Update (28 May 2024):
The notice is final and binding.
