Brief: HKEX Announces Disciplinary Action Against Xinming China Holdings & Its Exec Director

Xinming China Holdings

08/01/2021 09:04

Jan 8 (Reuters) - Hong Kong Exchanges and Clearing Ltd
 0388.HK :
    * REFERS TO XINMING CHINA CEO'S GUARANTEE AGREEMENT WITH
INDEPENDENT THIRD PARTY ZM IN DEC 2018
    * XINMING CHINA DID NOT COMPLY WITH PROCEDURAL REQUIREMENTS
WHEN
ENTERING PLEDGE CONTRACTS
    * XINMING CHINA & ITS CEO ADMITTED THEIR RESPECTIVE BREACHES
&
ACCEPTED SANCTIONS IMPOSED UPON THEM BY LISTING COMMITTEE

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0108/2021010800446.pdf
Further company coverage:  2699.HK 

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