# ST Stocks
Latest news and articles about ST Stocks
Total: 3 articles found
From High-Flyer to Risk Warning: Goldman-Backed Peri Semiconductor Penalized for Financial Fraud
Peri Power Semiconductor has been fined 10.2 million RMB and labeled with a risk warning (ST) after regulators discovered systematic tampering with financial records to smooth earnings. The scandal comes just months after major global banks, including Goldman Sachs and JPMorgan, took significant positions in the company following a massive, though manipulated, surge in reported profits.
A Bed of Thorns: The Governance Collapse of China’s Mattress King
Once China's leading mattress manufacturer, *ST Xilinmen is facing potential delisting after disclosing 871 million RMB in unauthorized litigation and a total collapse of internal governance. The crisis follows years of failed diversification into film and real estate by its founder, Chen Ayu, who allegedly misappropriated company funds to cover personal debt.
The Slippery Slope: Governance Crisis Engulfs China’s Top Corn Oil Producer
Xiwang Food, China's leading corn oil producer, is under CSRC investigation for disclosure violations as it faces mounting financial losses and a 'special treatment' status on the stock exchange. The company’s crisis is compounded by a failed judicial auction of its controlling shares, highlighting deep-seated debt issues at its parent group.