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Censure/criticism of ex-directors of Champion Technology (0092) and Kantone (1059)
SEHK, 27-Apr-2020
Breaches of fiduciary duties led to an astounding HK$8.9bn of impairment losses (over 99%) on the value of purported "Tianhuang stones". Left unmentioned is what assets they swapped for this near-worthless treasure. Again, the so-called INEDs were unquestioningly dormant. Paul Kan Man Lok, JP, SBS, CBE etc. should now be stripped of his gongs.

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