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Xinming China (2699): breach of Listing Rules - further info
Company announcement, 15-Apr-2019
It now emerges that the pledge of bank deposits was arranged by the Chairman Chen Chengshou, who did not report it to the board of directors. The pledges were terminated after a few days when the guarantee fee was not paid.
Organisations
- Bank of Wenzhou Co., Ltd. 溫州銀行股份有限公司
- Xinming China Holdings Limited 新明中國控股有限公司
- Zhejiang Muzi Trading Company Limited 浙江木子貿易有限公司
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