Brief: Forgame Holdings Updates On Independent Investigation In Relation To Internet Micro-Credit Business

Forgame Holdings

07/05/2020 16:06

May 7 (Reuters) - Forgame Holdings Ltd  0484.HK :
    * FORGAME HOLDINGS UPDATES ON INDEPENDENT INVESTIGATION IN
RELATION TO INTERNET MICRO-CREDIT BUSINESS
    * COMMITTEE REPORTED THERE WERE DEFICIENCIES IDENTIFIED IN
INTERNAL CONTROL SYSTEMS & PROCEDURES FOR INTERNET MICRO-CREDIT
BUSINESS
    * COMMITTEE RECOMMENDS CO ENGAGE LEGAL ADVISER AS TO PRC
LAWS ON
CIVIL LIABILITY OF GRANT OF TOTAL LOAN
    * COMMITTEE RECOMMENDS CO COMMENCE CIVIL ACTIONS AGAINST
BORROWERS
IN RESPECT OF AFFECTED LOAN, AMONG OTHERS
    * BOARD NOTED & ACCEPTED RECOMMENDATIONS MADE BY INDEPENDENT
INVESTIGATOR AND COMMITTEE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9lyQsh
Further company coverage:  0484.HK 

 (Reuters.Briefs@thomsonreuters.com)