Brief: Hang Yick Updates On Investigation By An Enforcement Authority Involving Directors

Hang Yick Holdings

05/05/2021 13:15

May 5 (Reuters) - Hang Yick Holdings Co Ltd  1894.HK :
    * LEE KA CHUN BENNY APPOINTED AS INTERIM CHAIRMAN AND
TEMPORARILY
TAKE OVER LEE PUI SUN AS CHAIRMAN
    * BOARD WILL APPOINT AT LEAST ONE ADDITIONAL EXECUTIVE
DIRECTOR AS
SOON AS PRACTICABLE
    * LEE PUI SUN WILL BE SUSPENDED FROM HIS FUNCTION AS
CHAIRMAN
    * NOTED MEDIA REPORTS THAT CO'S THREE EXECUTIVE DIRECTORS
HAVE
BEEN ARRESTED FOR MARKET MISCONDUCT AND FRAUD BY SFC AND POLICE
    * INVESTIGATION IS STILL ONGOING AND NO FORMAL CHARGE HAS
BEEN
MADE AGAINST INVOLVED DIRECTORS
    * AT REQUEST OF INVOLVED DIRECTORS, EXECUTIVE DIRECTORS WILL
BE
VOLUNTARILY SUSPENDED FROM THEIR POSITIONS
    * IN VIEW OF INVESTIGATION, BOARD HAS ALSO ESTABLISHED A
SPECIAL
INVESTIGATION COMMITTEE
    * IN VIEW OF INVESTIGATION, BOARD HAS ALSO ESTABLISHED A
SPECIAL
INVESTIGATION COMMITTEE

Source text for Eikon:  ID:nHKS1Wklhc 
Further company coverage:  1894.HK 

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