Brief: Hongkong Chinese updates on legal proceedings involving an independent non-executive director

Hongkong Chinese

01/12/2016 10:37

Dec 1 (Reuters) - Hongkong Chinese Ltd  0655.HK  
    * MMT confirmed that breaches caused by negligence of Cheok 
were not caused by either reckless or intentional misconduct 
    * "Above mentioned report will not have any material effect 
on business or operations of company" 
    * Updates on legal proceedings involving an independent 
non-executive director 
    * MMT handed down its written report of proceedings dated 
29th November, 2016 
    * MMT made following orders against Cheok pay a regulatory 
fine of HK$800,000 and undergoe a training programme approved by 
SFC 
 
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Further company coverage:  0655.HK  
 
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