F.P. Report
ISLAMABAD: China Foreign Ministry Spokesperson, Geng Shuang has said China found not a single evidence of any relations between Jiangsu-based Yabaite Technology Co Ltd and any other Pakistani company or individual.
Geng Shuang said this while speaking in his regular press briefing said that on May 12, China Securities Regulatory Commission (CSRC) issued a public notice that the Yabaite inflated its operating incomes and profits by showing fabricating engineering projects from September 2015 to 2016.
The CSRC and Pakistan relevant authorities have started investigation and found no evidence of relation and existence of Yabaite in Pakistan.
The CSRC will give punishment to the company for giving false and fabricating documents and will face punishment in this regard according to law, he added.
He added that China is ready to work with Pakistan in development to further promote the China-Pakistan economic relations.
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