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C Y Foundation chairman faces court for alleged fraud | Circular dated 30-Oct-2007
ICAC, 4-Mar-2011
We note that the acquisition circular doesn't even state where the vendor, Beauford Limited, was incorporated, let alone who owned it. Just a bald claim of independence. Another example of why HKEx must change the Listing Rules to require disclosure of counterparty ownership in transactions with listed companies.
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