Executive’s tongue-in-cheek pledge to commit hara-kiri if his lithium battery firm doesn’t hit market cap target draws warning from Shanghai Stock Exchange

after an executive made a bet that he would commit hara-kiri if the company failed to meet a market-cap target.

Chen’s “inappropriate” comment reflected the company’s flaws when it came to information disclosure and corporate governance, the stock exchange said in a letter to Nuode. The company should provide more training on regulations for board members, supervisors and senior management staff to raise their awareness of compliance with the rules, it said.

Chen claims to have posted the message publicly by mistake. It was meant to be seen only by a small group of WeChat contacts, Nuode said in an exchange filing on Wednesday. The posting was quickly deleted after Chen spotted the mistake, it said. Hara-kiri, also called seppuku in Japanese, is a form of ritual suicide by disembowelment that was practised by ancient samurai warriors who were defeated in wars.

Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles

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