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1868 - Neo-Neon Holdings News Story

HK$0.48 0.0  0.0%

Last Trade - 7:55am

Sector
Industrials
Size
Small Cap
Market Cap £94.9m
Enterprise Value £24.0m
Revenue £106.1m
Position in Universe 3332nd / 6215

BRIEF-Neo-Neon Says Board Has Determined That Business Of Type 1 Regulated Activity Under Sfo Of Tongfang Securities Will Be Suspended

Tue 7th December, 2021 10:29am
Dec 7 (Reuters) - Neo-Neon Holdings Ltd  1868.HK :
    * BOARD HAS DETERMINED THAT BUSINESS OF TYPE 1 REGULATED
ACTIVITY
UNDER SFO OF TONGFANG SECURITIES LTD WILL BE SUSPENDED
    * UNIT WILL CEASE TO TAKE ON NEW CLIENTS FROM 8 DEC
    * UNIT WILL GRADUALLY TERMINATE RELATIONSHIP WITH ITS
EXISTING
CLIENTS IN RESPECT OF BUSINESS OF TYPE 1 REGULATED ACTIVITY
    * BY SUSPENDING BUSINESS OF TYPE 1 REGULATED ACTIVITY OF
UNIT,
EXPECTS GROUP WOULD BE ABLE TO SUBSTANTIALLY REDUCE LABOUR COSTS

Source text for Eikon:  ID:nHKS4yMfQg 
Further company coverage:  1868.HK 

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