Brief: RMH Says Co Identified Corporate Guarante Entered Into By Exec Director Without Proper Authorisation

RMH Holdings

24/03/2023 14:35

March 24 (Reuters) - RMH Holdings Ltd  8437.HK :
    * CO AND INTERNAL CONTROL CONSULTANT IDENTIFIED CORPORATE
GUARANTE
WHICH MAY HAVE ENTERED INTO BY EXECUTIVE DIRECTOR WITHOUT PROPER
AUTHORISATION
    * DIRECTOR OF UNIT ALLEGED IN FIRST HALF OF 2020, CERTAIN
FUNDS OF
GROUP IN AMOUNT OF NOT LESS THAN HK$24 MILLION HAD BEEN
MISAPPROPRIATED
    * WILL CONDUCT INVESTIGATION TO ASCERTAIN FURTHER DETAILS OF
THE
CORPORATE GUARANTEE, THE LOANS AND THE AGREEMENT
    * NO ACTION HAD BEEN TAKEN BY HONG KONG COMMERCIAL CRIME
BUREAU
AND AS A RESULT COMPANY DID NOT PURSUE COMPLAINT FURTHER
    * MEETING OF BOARD ON 17 MARCH RESOLVED TO CONDUCT
INVESTIGATION
INTO MATTERS PERTAINING TO CORPORATE GUARANTEE, LOANS AND
AGREEMENT
    * WILL CONDUCT INVESTIGATION TO ASCERTAIN ON ANY
MISAPPROPRIATION
OF FUNDS OF GROUP

Further company coverage:  8437.HK 

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