Sept. 6,2024: BYU SEC Suspension "because of questions and concerns regarding the adequacy and accuracy of publicly available information in the marketplace concerning BAIYU and indicia of potentially manipulative trading in the securities of BAIYU effectuated through recommendations, made to investors by unknown persons via social media to purchase the securities of BAIYU, which appear to be designed to artificially inflate the price and volume of the securities of BAIYU."
BAIYU Holdings, Inc. (BYU), a holding company incorporated in Delaware whose principal executive offices are located in Shenzhen, Guangdong, China.
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