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Hong Kong ChaoShang Says Bourse Criticism of CEO Won't Affect Business

MT Newswires ·  {{timeTz}}

07 :06 AM EDT, 06/17/2022 (MT Newswires) -- Hong Kong ChaoShang Group (HKG:2322) said Chan Chi Yuen remains "suitable to act" as its chief executive officer as the concerns raised against him do not involve any dishonesty, fraud, or integrity issues.

The moneylender added that the concerns do not relate to the affairs of the company and will not have any impact on the group, according to a late Thursday disclosure.

The statement came shortly after the Hong Kong bourse criticized Chan for breaching listing rules and director obligations during his tenure as an executive director of Great Wall Belt & Road (HKG:0524).

Price (HKD): $0.86, Change: $0.00, Percent Change: 0.00%

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