Brief: China Investment Fund updates on suspected misappropriation of funds of Co, resumption of trading

Carmen Century Investment

12/01/2016 13:25

Jan 12 (Reuters) - China Investment Fund Co Ltd  0612.HK : 
 * Suspected misappropriation of funds of the company and resumption of trading 
 * Says "the incident appears to be a standalone incident" 
 * Incident involves the misappropriation of a RMB30 million bill of exchange" 
 * Application has been made to stock exchange for resumption of trading in shares of co from 9 : 00 a.m. on 13 January 
 * Misappropriation took place via the replacement of the RMB30 million bill of exchange by three bills of exchange of RMB10 million denomination each" 
 * Says "insofar as financial impact is concerned, the company's financial exposure is limited to RMB30 million" 
 * Incident has had limited significance on the company's operations" 
 * Says except for the incident, there has been no other irregularity with the operations of the company 
 * Source text for Eikon  ID:nHKSbK94tN  
 
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