Brief: In Technical Productions Says Controlling Shareholder Deposited 39.2 Million Ordinary Shares Of Co

Brightstar Technology

24/04/2023 02:27

April 24 (Reuters) - In Technical Productions  8446.HK :
    * CONTROLLING SHAREHOLDER DEPOSITED AS SECURITY 39.2 MILLION
ORDINARY SHARES OF HK$0.01 EACH IN SHARE CAPITAL OF CO UNDER
LOAN
    * CO ADVISED THAT LOAN TRANSACTIONS WERE INDUCED BY
FRAUDULENT
MISREPRESENTATIONS BY LENDER AND SHOULD THUS BE INVALID
    * CO ADVISED THAT SOME OF DEPOSITED SHARES HAVE BEEN
WRONGFULLY
TRANSFERRED OR DISPOSED OF
    * CO INFORMED THAT INTER PARTE APPLICATION TO COURT WAS MADE
FOR
INJUNCTION TO RESTRAIN DEALING OF DEPOSITED SHARES
    * DO NOT ENVISAGE THAT DEPOSITED SHARES AND INJUNCTION ORDER
WOULD
HAVE ADVERSE IMPACT ON BUSINESS AND OPERATIONS OF GROUP

Source text for Eikon:  ID:nHKS4b7LBC 
Further company coverage:  8446.HK 

 ((Reuters.Briefs@thomsonreuters.com;))