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SFC obtains disqualification orders against former senior executives of China Best (0370)
SFC, 31-May-2016
This is a good example of a case in which a connected person of the company (Mr Wang Jian Hua) was hiding behind a BVI company and using a nominee owner, which China Best claimed was an "independent third party". The Stock Exchange Listing Rules still do not require the owners of such shells to be identified in announcements. Eventually the transaction was abandoned.

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