Brief: Wonderful Sky Financial Notes SFC Began Disciplinary Proceedings Before Takeovers And Mergers Panel Against Chairman
13/01/2022 15:12
Jan 13 (Reuters) - Wonderful Sky Financial Group Holdings
Ltd 1260.HK :
* NOTES SECURITIES AND FUTURES COMMISSION BEGAN DISCIPLINARY
PROCEEDINGS BEFORE TAKEOVERS AND MERGERS PANEL AGAINST CHAIRMAN
* SFC CLAIMS THAT CHAIRMAN HAD BEEN IN BREACH OF CODE ON
SHARE
BUY-BACKS
* SFC DECIDED TO COMMENCE DISCIPLINARY PROCEEDINGS AGAINST
COMPANY
AND RELEVANT PERSONS IN RESPECT OF SHARE BUY-BACKS CODE
* DISAGREES WITH SFC'S CLAIMS AND IS SEEKING LEGAL ADVICE TO
DEFEND PROCEEDINGS AGAINST IT
Source text for Eikon: ID:nHKS1vp4jw
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