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Several zinc production companies violate stock market rules in Iran

Business Materials 6 September 2020 19:52
Several zinc production companies violate stock market rules in Iran

TEHRAN, Iran, Sept. 6

Trend:

Director General of the Iran Consumer and Producer Protection Organization (CPPO) announced the violation of rules at the Iran Mercantile Exchange by local zinc production companies, Trend reports citing IRNA.

He specified that 23 companies have violated the rules.

"The investigations of CPPO on the performance of zinc-producing companies at the Iran Mercantile Exchange during February and March have revealed several violation cases," said the CPPO official.

"The violation of these production companies was negligence towards the market regulation rules, related to offering of ceiling price for zinc via the exchange," he specified.

The CPPO official noted that serious actions are to be taken against the violators.

"Investigating and filing such cases requires hours of investigation, and it is expected that the government complements the efforts of the organization by issuing necessary orders," he added.

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