Brief: KNK Holdings Updates On Investigation By Independent Committee
24/01/2020 13:49
Jan 24 (Reuters) - KNK Holdings Ltd 8039.HK :
* KNK HOLDINGS LTD UPDATES ON INVESTIGATION BY INDEPENDENT
COMMITTEE
* BELIEVES THAT LOANS WERE ADVANCED BY UNITS TO SEVERAL
DEBTORS
USING SOME PROCEEDS FROM ALLEGED BONDS AS DISCLOSED ON 18 JULY
* NEITHER ISSUANCE OF ALLEGED BONDS NOR ADVANCEMENT OF LOANS
WAS
AUTHORIZED BY BOARD
Source text for Eikon: urn:newsml:reuters.com:*:nHKSnSXbg
Further company coverage: 8039.HK
(Reuters.Briefs@thomsonreuters.com)
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