Brief: Wai Kee updates on disciplinary proceedings against Leslie Cheng and related company
14/01/2016 14:41
Jan 14 (Reuters) - Wai Kee Holdings Ltd 0610.HK : * "Cheng and his firm have been required to pay penalty and costs" * Order would not affect cheng's ability to continue to discharge his duties as a non-executive director of the co * "Disciplinary proceedings were brought on a complaint that they failed or neglected to observe" * Leslie Cheng notified co he and firm of certified public accountants been reprimanded by disciplinary committee of Hong Kong institute of certified public accountants * Says there was no allegation or finding of fraud or dishonesty made against dr. cheng or his firm * Says cheng remains on the of the company board of directors * Proceedings involved breaches of audit and accounting standards in relation to a listed co for which cheng was engagement quality control reviewer Source text for Eikon ID:nHKSb7TB3P ((For more news, please click here 0610.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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