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HK Education (1082): breach of Listing Rules | Circular
Company announcement, 12-May-2016
The company declared itself to have a "principal business" of securities investment, but the Stock Exchange ruled that the subscription of shares in Convoy (1019) and IE China (8081) were notifiable "transactions" under Chapter 14 of the Listing Rules. Notably, the company says that any future purchase or disposal of securities should be a "transaction" under Chapter 14. Comment: the Exchange has been inconsistent in applying Chapter 14 to other companies involved in similar shenanigans.
Organisations
- Bradaverse Education (Int'l) Investments Group Limited (BM) 源宇宙教育(國際)投資集團有限公司
- Convoy Global Holdings Limited 康宏環球控股有限公司
- Hang Tai Yue Group Holdings Limited 恆泰裕集團控股有限公司
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