Brief: WH Group Says Unit And Directors Receive Administrative Penalty Decisions
BRIEF-WH Group Says Unit And Directors Receive Administrative Penalty Decisions Oct 9 (Reuters) - 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;))
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