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:
(1) Mr Wong Kam Fai, Samuel, former executive director and Chief Executive Officer of Inno-Tech Holdings Limited (delisted) (previous stock code: 8202);
(2) Mr Zheng Pin, executive director and Chairman at the time of delisting; and
(3) Mr Cao Xinhua, non-executive director at the time of delisting.
The statement made in respect of the above directors is made in addition to a public censure against each of them. The Prejudice to Investors’ Interests Statement is a statement that, in the Exchange’s opinion, had Mr Wong, Mr Zheng and Mr Cao remained on the board of directors of the Company, their retention of office would have been prejudicial to the interests of investors.
This case involved the Company’s non-compliance with the GEM Listing Committee’s direction following a previous disciplinary action, and the Company’s publication of an inaccurate and misleading announcement. Mr Wong caused the Company’s breaches.
The directors were under investigation by the Listing Division in relation to the Company’s breaches and their discharge of directors’ duties. Mr Zheng and Mr Cao failed to procure the Company to respond to the Division’s last investigation letter, and Mr Wong failed to provide timely and/or substantive responses to the Division’s direct enquiries.
Key messages:
Directors are expected to take steps to ensure the listed issuer’s compliance with the Committee’s directions and the GEM Listing Rules.
Failure to answer or provide timely and substantive responses to the Division’s enquiries amounts to non-cooperation with the Division’s investigation.
|
Ends