BaFin

Topic Measures United Power Technology AG: BaFin imposes coercive fines

Date: 21.12.2018, updated on: 21.01.2019

On 10 December 2018 BaFin imposed coercive fines in the amount of EUR 110,000 on United Power Technology AG.

As BaFin made public United Power Technology AG offended against section 114 (1) sentences 2 and 3 of the Securities Trading Act (WertpapierhandelsgesetzWpHG) with respect to the annual financial information for the financial year 2017.

The order is enforceable but not yet final and conclusive.

Update (21.01.2019):

The order is final and conclusive.

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