Brief: Lippo China Resources updates on disclosure in relation to Albert Saychuan

Lippo China Resources

08/11/2016 22:44

Nov 9 (Reuters) - Lippo China Resources Ltd  0156.HK  
    * Securities and futures commission of hong kong announced 
that market misconduct tribunal found an issue 
    * Lippo china resources ltd - board is reviewing this matter 
pending mmt proceedings on 11 november 2016 
    * Market misconduct tribunal has not yet produced a written 
report of its findings 
    * Mmt proceedings have been adjourned until 11 november 2016 
for determination of consequential orders 
    * Lippo china resources -  issue that acrossasia ltd  with 
its former chairman,  albert saychuan cheok and ceo, vicente 
binalhay ang, failed to disclose inside information 
    * Lippo china resources -  board considers that above 
mentioned legal proceedings will not have any material effect on 
business or operations of group 
    * Lippo china resources - acrossasia, cheok & vicente 
binalhay  admitted they were negligent which resulted in 
acrossasia's breach of disclosure requirement 
 
Source text for Eikon:  ID:nHKS6MPzYP  
Further company coverage:  0156.HK  
 
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