Telecom leader Datang in fraud probe
9 November 2005
Beijing's Datang Telecom Technology, believed to have invented China's high-speed mobile phone technology, is being investigated by the China Securities Regulatory Commission for fraud, involving allegations of failing to disclose information, reported the Hong Kong Standard. Datang was probed nearly a year ago on suspicion of failing to disclose required information. Its shares fell 9.6% Tuesday in Shanghai to close at 7.81 yuan (US$0.96).