A seemingly routine investor survey has plunged Do-Fluoride Chemicals (002407.SZ), a fluorine chemical industry leader whose total market capitalization once exceeded 65 billion yuan (approximately $9.6 billion), into a compliance vortex due to the “selective disclosure” of key information.
On August 4, the Shenzhen Stock Exchange issued a regulatory letter to Do-Fluoride, directly pointing to major omissions in the “Investor Relations Activity Record” disclosed by the company on June 26. The regulatory letter determined that when promoting…