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SEC Charges China-Based Tech Company Cloopen Group With Accounting Fraud
Commission declines to impose civil penalties because of company's self-reporting, cooperation and remediationWashington, D.C.--(Newsfile Corp. - February 6, 2024) - The Securities and Exchange Commis
Cloopen Group Receives Final Delisting Determination From NYSE
Cloopen: Settlement Subject to Certain Conditions Including Entering Into Final Settlement Agreement, Notice to the Class Members, and Court Approval
Cloopen: Settlement Subject to Certain Conditions Including Entering Into Final Settlement Agreement, Notice to the Class Members, and Court Approval
Cloopen Enters Into Binding Term Sheet to Settle U.S. Securities Class Actions
Cloopen Enters Into Binding Term Sheet to Settle U.S. Securities Class Actions
Rong Lianyun faced delisting due to the accounting scandal. Analysts say he may not be as lucky as Ruixing
Cloopen Group Holding Ltd (Cloopen Group Holding Ltd), a cloud service provider, once had a market capitalization of 8 billion US dollars, but after an accounting scandal, most of the company's market capitalization evaporated. The story of cloud service giant Rong Lianyun is an interesting example of China Securities listed in the US. Since the company hasn't released any new financial reports since the third quarter of 2021, Rong Lianyun's stock was suspended on the main board of the New York Stock Exchange for two days last week. The problem stemmed from the recent accounting scandal. The stock resumed off-market trading. Not surprisingly, the stock price fell 38% on the first day. This stock is once
Cloopen Receives NYSE Notice to Suspend Trading, Commence Delisting Process
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Steven_8888 : why would you even want to buy this stock…
Surf BentoOP Steven_8888: It’s a sneaky win. Lol
buy the time it’ll be able to buy on these platform. It’ll be back at $40-$100.