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In Depth: How Did Amethystum Become a Financial Black Hole?

By Qi Zhanning, Zhai Shaohui, Wang Juanjuan and Bonnie Cao
2023年10月12日 19:15
Months after the one-time market darling got kicked off the STAR Market and authorities found fraud, unanswered questions remain
Amethystum Storage Technology’s stock was ordered to be delisted from Shanghai’s STAR Market in June 2023. Photo: VCG

Nearly five months after Chinese optical storage equipment supplier Amethystum Storage Technology Co. Ltd. was kicked out of Shanghai’s STAR Market on fraud allegations, regulators have punished company executives and arranged compensation for bleeding retail stock holders.

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