Topic Measures United Power Technology AG: BaFin threatens coercive fines
On 17 September 2018 BaFin ordered United Power Technology AG to comply with the financial reporting requirements pursuant to sections 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatened coercive fines in the amount of EUR 110.000.
United Power Technology AG offended against the financial reporting requirements pursuant to section 114 (1) sentences 2 and 3 of the WpHG with respect to the annual financial information for the financial year 2017.
The order is enforceable but not yet final and conclusive.