ZhongDe Waste Technology AG: BaFin imposes administrative fines

Jul 26th '21

On 20 July 2021, Federal Financial Supervisory Authority (BaFin) imposed administrative fines totalling 195,000 euros on ZhongDe Waste Technology AG.


The sanction related to breaches of section 114 (1) sentence 2 and section 115 (1) sentence 1 and sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG).


ZhongDe Waste Technology AG failed to publish an announcement, stating the date and the website on which the accounting documents listed in section 114 (2) of the WpHG for the financial year 2019 were made publicly available in addition to their availability in the Company Register (Unternehmensregister).


ZhongDe Waste Technology AG failed to make its half-yearly financial report for the financial year 2020 publicly available.


Source: BaFin