Brief: Freeman FinTech Corp Updates On Results Of Investigation, Resumption Of Trading

ARTA TechFin

09/01/2020 12:53

Jan 9 (Reuters) - Freeman FinTech Corporation Ltd  0279.HK :
    * UPDATES ON RESULTS OF INVESTIGATION
    * INVESTIGATION COMMITTEE, WINS FINANCE GOT REPORT FROM
PROFESSIONAL PARTY REGARDING AFFAIRS RELATING TO SUBJECT PRODUCT
    * REPORT SHOWS WINS FINANCE UNIT INVESTED RMB750 MILLION FOR
SPECIFIC PURPOSE OF INTERBANK DEPOSIT WITH HENGFENG BANK NANJING
BRANCH
    * REPORT FOUND NO EVIDENCE SHOWING WINS FINANCE OR WINS
FINANCE
UNIT KNEW OF SUBJECT ASSET BEING INVESTED IN OTHER INVESTMENTS
    * CONSIDERS THAT A FULL FAIR VALUE LOSS ON REMAINING BALANCE
OF
SUBJECT PRODUCT SHOULD BE RECOGNISED
    * SEES PUBLISHING INTERIM RESULTS ON OR ABOUT 10 JAN, TO
APPLY FOR
RESUMPTION OF TRADING ONCE INTERIM RESULTS ARE PUBLISHED

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS87Jx9G
Further company coverage:  0279.HK 

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