Lau, Howard Chi Pong 劉子邦
Alex So Yin Wai fined HK$20k by HKICPA
HKICPA, 8-Sep-2015
For turning a blind eye to a HK$3.7m bounced check deposited on the year-end date of Crowning Engineering Ltd, an "Approved Contractor" under the HK Public Works Department. This helped dress up its working capital when applying for renewal. Mr So is an INED of Green Energy Group (0979). So far (16-Sep), that company has failed to announce the sanction as required by Listing Rule 13.51(2)(h), or why he should continue to chair its audit committee. His fee there last year was HK$120k, or 6 times the pathetic penalty meted out by the HKICPA.
HKICPA, 8-Sep-2015
For turning a blind eye to a HK$3.7m bounced check deposited on the year-end date of Crowning Engineering Ltd, an "Approved Contractor" under the HK Public Works Department. This helped dress up its working capital when applying for renewal. Mr So is an INED of Green Energy Group (0979). So far (16-Sep), that company has failed to announce the sanction as required by Listing Rule 13.51(2)(h), or why he should continue to chair its audit committee. His fee there last year was HK$120k, or 6 times the pathetic penalty meted out by the HKICPA.
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