Picture of WH logo

288 — WH News Story

0.000.00%
hk flag iconLast trade - 00:00
Consumer DefensivesBalancedLarge CapContrarian

Brief: WH Group Says Unit And Directors Receive Administrative Penalty Decisions

BRIEF-WH Group Says Unit And Directors Receive Administrative Penalty Decisions

- WH Group Limited 0288.HK:

  • UNIT AND DIRECTORS RECEIVE ADMINISTRATIVE PENALTY DECISIONS

  • ADMINISTRATIVE PENALTY IMPOSED FOR BREACHES OF PRC FOOD SAFETY AND ANTI-UNFAIR COMPETITION LAWS

  • ADMINISTRATIVE PENALTIES INCLUDING FINE OF RMB37.6 MILLION ON CHAIRMAN OF UNIT, OTHERS

  • AFTER CONSIDERATION, BOARD CONSIDERS THAT PENALTY DOES NOT AFFECT ABILITY OF INDIVIDUALS TO CONTINUE AS EXECUTIVE DIRECTORS OF CO

  • NOT EXPECTED THAT NON-COMPLIANCE OR ADMINISTRATIVE PENALTY WILL HAVE ANY MATERIAL ADVERSE IMPACT ON BUSINESS, OTHERS, OF GROUP

Further company coverage: 0288.HK


((Reuters.Briefs@thomsonreuters.com;))

Recent news on WH

See all news