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Chow Tai Fook-linked firms set for record US$192 million hit in Giordano case
The settlement follows breaches of the Hong Kong Takeover Code in 2016 and 2022, with payments up to HK$1.5 billion compensating independent shareholders, the regulator said.
Summary by South China Morning Post
3 Articles
3 Articles
SFC Reaches Settlement with Sino Wealth International and Clear Prosper Global
Hong Kong’s Securities and Futures Commission has reached a settlement with Sino Wealth International and Clear Prosper Global over what regulators say were breaches of the city’s Takeovers and Mergers and Share Buy-backs Codes in relation to dealings in Giordano International shares. Following what the Takeovers Executive described as an extensive investigation, the regulator concluded that two additional Giordano shareholders had been acting i…
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Total News Sources3
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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