Brief: Fingertango Says SFC Intends To Commence Proceedings Against Two Exec Directors

FingerTango

10/05/2023 15:35

May 10 (Reuters) - FingerTango Inc  6860.HK :
    * AS PER LETTERS SENT BY SFC, EXECUTIVE DIRECTORS SUSPECTED
TO
HAVE CAUSED CO TO MAKE INVESTMENT IN DEC 2019 WHICH SUBSEQUENTLY
DEFAULTED
    * SFC INTENDS TO COMMENCE PROCEEDINGS AGAINST TWO EXEC
DIRECTORS
    * SFC SEEKING ORDER THAT EACH EXEC DIRECTOR BE SEVERALLY
LIABLE TO
COMPENSATE CO FOR LOSSES IT SUFFERED AS RESULT OF FAILED
INVESTMENT
    * AS A RESULT OF INVESTMENT IN DEC 2019, CO SUFFERED A LOSS
OF
HK$258.75 MILLION

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