Picture of Dynasty Gold logo

DYG Dynasty Gold News Story

0.000.00%
ca flag iconLast trade - 00:00
Basic MaterialsSpeculativeMicro CapNeutral

Canada probes Nike, Dynasty Gold over alleged use of forced labor in China (updated)

(Adds details from announcement in paragraphs 1,2,5)
       OTTAWA, July 11 (Reuters) - Canada's corporate ethics
watchdog on Tuesday launched separate investigations into Nike
Canada  NKE.N  and Dynasty Gold  DYG.V  to probe allegations the
companies used or benefited from forced labor in their supply
chains and operations in China.
    The companies are alleged to have or have had supply chains
or operations in China identified as using or benefiting from
the use of Uyghur forced labor, the Canadian Ombudsperson for
Responsible Enterprise said in a statement.
        Nike Canada and Dynasty Gold did not immediately respond
to requests for comment.
  
    "I have decided to launch investigations into these
complaints in order to get the facts and recommend the
appropriate actions," Ombudsperson Sheri Meyerhoffer said in the
statement.
    "I have not pre-judged the outcome of the investigations. We
will await the results and we will publish final reports with my
recommendations," Meyerhoffer said.
    

 (Reporting by Ismail Shakil in Ottawa and Divya Rajagopal in
Toronto
Editing by Chris Reese)
 ((ismail.shakil@tr.com;))

Recent news on Dynasty Gold

See all news