Brief: Zioncom Says Zioncom (Bvi) Limited Has Incorporated New Unit On 22 April

Metaverse Yunji Technology Co

18/11/2022 12:44

Nov 18 (Reuters) - Zioncom Holdings Ltd  8287.HK :
    * ZIONCOM (BVI) LIMITED HAS INCORPORATED NEW UNIT ON 22
APRIL
    * BELIEVES SUBSTANTIAL AMOUNT OF NEW UNIT FUNDS WITHDRAWN &
DISSIPATED UNDER AUTHORIZATION OF MEMBERS OF EX-MANAGEMENT
    * BOARD WILL CONDUCT FURTHER INVESTIGATION ON SOURCE OF NEW
UNIT
FUNDS
    * EX-MANAGEMENT STILL FAILS TO RETURN MISAPPROPRIATED
DOCUMENTS,
BOOKS AND RECORDS, PROPERTIES AND ASSETS OF GROUP TO CO
    * HAS ALSO INSTRUCTED ITS LEGAL ADVISERS TO INSTITUTE LEGAL
PROCEEDINGS AGAINST EX-MANAGEMENT AND OTHER RELEVANT PERSONNEL
    * AS AT NOV 18, CO HAS NOT REGAINED CONTROL OF UNITS
INCLUDING
CONTROL OVER ALL BANK ACCOUNTS OF GROUP

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