Brief: Zioncom Holdings Says Been Conducting Investigations On Various Matters Surrounding Or Committed By Members Of Ex-Management

Metaverse Yunji Technology Co

23/12/2022 14:20

Dec 23 (Reuters) - Zioncom Holdings Ltd  8287.HK :
    * BEEN CONDUCTING INVESTIGATIONS ON VARIOUS MATTERS
SURROUNDING OR
COMMITTED BY MEMBERS OF EX-MANAGEMENT
    * REASON TO BELIEVE CO'S PROPERTIES AND ASSETS HAVE BEEN
"ILLEGALLY RETAINED OR MISAPPROPRIATED" BY MEMBERS OF
EX-MANAGEMENT
    * CO VIA ITS ADVISORS ISSUED ULTIMATUM TO AFOREMENTIONED
PERSONNEL
FOR PROVISION & RETURN OF ALL DOCUMENTS, BOOKS IN RELATION TO
AFFAIRS OF CO
    * ZIONCOM (HONG KONG) TECHNOLOGY MADE SEVERAL DOUBTFUL AND
UNUSUAL
BANK TRANSFERS TO CO'S CONNECTED PERSONS, FORMER DIRECTORS,
AMONG OTHERS
    * ZIONCOM (HONG KONG) TECHNOLOGY MADE DOUBTFUL & UNUSUAL
BANK
TRANSFERS BETWEEN 3 OCT TO 30 NOV IN AGGREGATE AMOUNT IN EXCESS
OF HK$15.0 MILLION
    * TRADING IN SHARES OF COMPANY WILL REMAIN SUSPENDED UNTIL
FURTHER
NOTICE
    * CURRENTLY TAKING ADVICES FROM PROFESSIONAL ADVISORS AND
WILL
CONTINUE TO TAKE ALL PROPER AND LEGAL MEANS TO PURSUE AGAINST
RELEVANT PARTIES

Further company coverage:  8287.HK 
 ((Reuters.Briefs@thomsonreuters.com;))