Erscheinung:14.02.2022, Stand:updated on 09.05.2022 | Topic Financial reporting Marudai Food Co. Ltd.: BaFin threatens to impose coercive fines
BaFin issued a notice on 2 February 2022 ordering Marudai Food Co. Ltd. to comply with the financial reporting requirements under sections 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatening to impose coercive fines totalling EUR 690,000.
Marudai Food Co. Ltd. contravened the requirements under section 114 (1) of the WpHG with respect to the annual financial report for the financial year 2019/20.
The notice is immediately enforceable but not yet final and binding.
Update (10.03.2022):
On 7 March 2022, the company lodged an objection against the notice ordering compliance and threatening to impose a coercive fine.
Update (09.05.2022):
The objection proceedings have been discontinued due to the matter being settled, as the company has now fulfilled the financial reporting requirements that were the subject of the order of 2 February 2022.
