IPO Observation: DM Data Nearly Completes Registration After Year-Long Delays, Despite Pension and Housing Fund Violations
DM Data, a company based in Wuhan, has finally submitted its registration application after nearly a year of delays. However, this is not without controversy. The company's employee pension and housing fund issues are still pending resolution.
Pension Fund Issues Remain Unresolved
62 Employees Have Not Been Enrolled in Pension Funds
As of August 31st, 2023, the company has identified 62 employees who have not been enrolled in pension funds. This is a violation of relevant laws and regulations.
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Despite these violations, the company has maintained that it has taken measures to rectify the situation. However, experts have raised concerns about the company's ability to comply with relevant regulations.
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The company has also reported a decline in profitability, with net income dropping by over 10% in the first three quarters of the year.
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