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Marudai Food Co. Ltd.: BaFin threatens to impose coercive fines

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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 (WertpapierhandelsgesetzWpHG) 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.

This news item was originally published by the Federal Financial Supervisory Authority (BaFin DE). For more information, see the Source Link.

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