Arab Today, arab today hong kong sfc commences proceedings against citic
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Hong Kong SFC commences proceedings against CITIC

Arab Today, arab today

Arab Today, arab today Hong Kong SFC commences proceedings against CITIC

Hong Kong financial district
Hong Kong - XINHUA

Hong Kong's Securities and Futures Commission (SFC) instituted proceedings in both the Court of First Instance and the Market Misconduct Tribunal (MMT) against CITIC Limited (CITIC) and five of its former executive directors here on Thursday.
According to the SFC, the five former executives are chairman Larry Yung Chi Kin, managing director Henry Fan Hung Ling, deputy managing directors Leslie Chang Li Hsien and Peter Lee Chung Hing and executive director Chau Chi Yin.
The SFC alleges CITIC and the five directors engaged in market misconduct involving disclosure of false or misleading information on CITIC's financial position arising from the massive losses incurred by CITIC over its investment in leveraged foreign exchange contracts in 2008.
The SFC is seeking restoration or compensation orders in the Court of First Instance to restore or compensate up to 4,500 investors who purchased CITIC shares between the date on which the SFC alleges the false or misleading information was announced and the date the true financial position was disclosed. The SFC is also seeking nod for sanction of CITIC and the five directors by the MMT.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong sfc commences proceedings against citic Arab Today, arab today hong kong sfc commences proceedings against citic

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong sfc commences proceedings against citic Arab Today, arab today hong kong sfc commences proceedings against citic

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday