To: Investorman who wrote (1972 ) 3/27/2001 8:49:29 PM From: StockDung Read Replies (1) | Respond to of 2413 China Securities Regulator Criticizes 12 Listed Companies Shanghai, March 28 (Bloomberg) -- China's securities regulator publicly criticized twelve listed companies for breaking rules when they bought and sold assets, a step towards cleaning up the scandal-plagued securities market. The companies failed to make timely public announcements of asset transactions as required by the China Securities Regulatory Commission, Xinhua news agency said, citing unidentified officials at the CSRC. The public sanction is aimed at improving transparency and information disclosure by listed companies during asset transfers and ensuring the healthy development of the stock market, the regulator said. It didn't mention any further punishment. The dozen companies named were: Hunan Hengyang Jinli Technology (Agricultural) Co., Shenzhen Wabo Group Co., Jiangsu Chinese.com Co., Beijing Hong Kong & Macao Industry Co., Hainan Haide Textile Industrial Co., Lanzhou Minbai Shareholding (Group) Co., Sinopec Shandong Taishan Petroleum Co., Zhuhai Huadian Co., Shijiazhuang Quanyechang Co., Shanghai Fenghwa Ball Pen Co., Shanghai Broadband Technology Co., and Huanghe Machinery & Electronics Co. Earlier this week, the CSRC filed fraud charges against Beijing-based Boshi Fund Management Co. for manipulating the prices of its four closed-end funds. Regulators are probing 10 closed-end funds in China for price rigging. (Xinhua News Agency, 03-28-01, to access the news agency feed, click {CTX <GO>}) Mar/27/2001 19:55 ET For more stories from Bloomberg News, click here. (C) Copyright 2001 Bloomberg L.P.