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Tongda (0698): Breach of Listing Rules - connected transaction with director
Company announcement, 22-Mar-2011
The circular dated 4-Sep-09, regarding the acquisition of the company which owned the property, from the Chairman of Tongda, stated that the tenant was "an Independent Third Party". It now emerges that 58.82% of the tenant is (and presumably, was) owned by the Chairman's brother, an executive director of Tongda, Mr Wong Ah Yeung. They and 2 more brothers jointly control Tongda.
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