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CFO of delisted Chinese company jailed May 18, 2021 – 4.07pm Save Share The former chief financial officer of Chinese wellness group Traditional Therapy Clinics, Zhonghan Wu, has been sentenced to almost two years in jail for manipulating his company’s stock on the ASX. Mr Wu was given a sentence of one year and 10 months after pleading guilty to market manipulation, after an investigation by the Australian Securities and Investments Commission found he had traded through multiple accounts in a bid to keep the share price of Traditional Therapy Clinics above its 50c-per-share IPO price. Mr Wu’s trading took place shortly after the Chinese company listed on the ASX in August 2015, following a $15 million raising. The company is the owner of traditional therapeutic health and wellness clinics under the Fuqiao brand.

Western australiaGeoff rossEagle healthTraditional therapy clinicsAustralian financial reviewTherapy clinicமேற்கு ஆஸ்திரேலியாஜியோஃப் ரோஸ்கழுகு ஆரோக்கியம்பாரம்பரிய சிகிச்சை கிளினிக்குகள்ஆஸ்திரேலிய நிதி விமர்சனம்சிகிச்சை சிகிச்சையகம்