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Datang telecom under fire

(China Daily)
Updated: 2007-05-11 09:14

The Shanghai Stock Exchange has publicly condemned Datang Telecom Technology Co Ltd over information disclosure. Datang, a hi-tech enterprise listed at the exchange, said in an October 28 statement that it anticipated a profit for the 2006 fiscal year. In a statement on April 5, however, it said it would suffer a huge loss. The exchange said Datang violated the regulations.


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