UPDATE 1-Sorl Auto says corrected financial statements

Newswire

(Adds details) Aug 30 (Reuters) - Sorl Auto Parts Inc on Wednesday said in a regulatory filing that it has discovered some accounting errors and has corrected financial statements for various periods. It said it has corrected results for periods during 2003, 2004, 2005 and 2006. The Ruian City, China-based Sorl said certain statements incorrectly omitted about 13 million shares issued in connection with the company's recapitalization. The correction resulted in a significant decrease ...

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