Brief: Huakang Biomedical Says 544,000 Shares Of Co Held By Crystal Grant Were Sold On Market

Joyzyme

08/03/2023 10:28

March 8 (Reuters) - Huakang Biomedical Holdings Co Ltd
 8622.HK :
    * 544,000 SHARES OF CO HELD BY CRYSTAL GRANT WERE SOLD ON
MARKET
AS A RESULT OF FORCED SALES
    * 1.4 MILLION SHARES OF CO HELD BY EVER CHARMING SOLD ON
MARKET
DUE TO FORCED SALES ON JAN 4
    * SALE OF SHARES IN CO AS A RESULT OF FORCED SALES BY A
STOCKBROKER OF CRYSTAL GRANT AND EVER CHARMING
    * DISPOSALS OCCURRED DUE TO CRYSTAL GRANT AND EVER CHARMING
FAILING TO MEET MARGIN CALLS ISSUED BY STOCKBROKER
    * CONTROLLING SHAREHOLDER, OWNING CRYSTAL GRANT, POSSESSED
INSIDE
INFORMATION OF CO DURING RELEVANT TIME OF DISPOSALS
    * WAS INFORMED THAT CONTROLLING SHAREHOLDER DID NOT COMPLY
WITH
LISTING RULES
    * ACKNOWLEDGES ITS SHORTFALL IN FAILING TO REVIEW PREVIOUS
DEALINGS INVOLVING COMPANY'S SHARES
    * PLANS TO PROVIDE FURTHER TRAINING TO CO'S MANAGEMENT IN
RELATION
TO GEM LISTING RULES
    * HAS UPDATED ITS INTERNAL POLICY ON 20 FEB

Source text for Eikon:  ID:nHKS2L3pgn 
Further company coverage:  8622.HK 

 ((Reuters.Briefs@thomsonreuters.com;))