Market Turnover
-






-
-
|
|
|
|
|
|
-
-
-
Loading

Exchange’s Disciplinary Action against a Former Director of China Fortune Holdings Limited (Stock Code: 110)

Regulatory
16 Nov 2021

香港聯合交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

 

The Stock Exchange of Hong Kong Limited

IMPOSES A PREJUDICE TO INVESTORS’ INTERESTS STATEMENT against:

Mr Luo Xi Zhi Peter, former executive director of the Company.

The statement made in respect of Mr Luo above is made in addition to a public censure against him. The Prejudice to Investors’ Interests Statement is a statement that, in the Exchange’s opinion, had Mr Luo remained on the board of directors of the Company, his retention of office would have been prejudicial to the interests of investors.

Mr Luo was under investigation by the Listing Division for potential breaches of the Listing Rules.  An investigation letter and a reminder were sent to his address last known to the Exchange.  Despite the attempts of the Division to reach Mr Luo, he failed to respond to the enquiries.

Key Messages:

Directors are required to cooperate with the Exchange’s investigation of possible Listing Rule breaches, and respond to the Exchange’s enquiries. They must provide their up-to-date contact details to the Exchange.

Failure by directors to respond to the Division’s enquiries may result in the imposition of severe sanctions.

 
A copy of the Statement of Disciplinary Action can be found on the HKEX website.
 

 

Ends

Updated 19 Jul 2021