Lam, Wilfred Kwok Hing 林國興
SFC seeks DQ and compensation orders against entire former board of 3DG Holdings (2882)
SFC, 14-Mar-2025
In fact the company announced the SFC's petition back on 31-May-2024. The SFC alleges that the acquisition of a money-lender and the creation of 12 "loans" (all of which defaulted) formed part of a scheme to misappropriate the group's cash. One of the INEDs involved, Anthony Fan Ren Da, still sits on the board of 8 HK-listed companies - 6 as INED and 1 each as NED and ED.
SFC, 14-Mar-2025
In fact the company announced the SFC's petition back on 31-May-2024. The SFC alleges that the acquisition of a money-lender and the creation of 12 "loans" (all of which defaulted) formed part of a scheme to misappropriate the group's cash. One of the INEDs involved, Anthony Fan Ren Da, still sits on the board of 8 HK-listed companies - 6 as INED and 1 each as NED and ED.
HK Resources (2882): SFC seeks compensation orders against 8 ex-directors for bad loans
Company announcement, 31-May-2024
We note that the SFC has not announced this. All 8 were sanctioned by the Stock Exchange as announced on 4-Dec-2023.
Company announcement, 31-May-2024
We note that the SFC has not announced this. All 8 were sanctioned by the Stock Exchange as announced on 4-Dec-2023.
Sanctions on HK Resources (2882) and 8 directors
SEHK, 4-Dec-2023
In 9 months, 12 "loans" were made to 9 borrowers, all of which fully defaulted. SEHK calls the audit committee, comprising INEDs, "notably ineffective". We note that one of them, Anthony Fan Ren Da, sits on 12 HK-listed boards, making him the third-busiest listco director. He's also Founding President of the HK INED Association, leading by example. Another INED, Loke Yu, sits on 5 boards. We remind you that in HK, controlling shareholders, who are often executives, vote in INED elections.
SEHK, 4-Dec-2023
In 9 months, 12 "loans" were made to 9 borrowers, all of which fully defaulted. SEHK calls the audit committee, comprising INEDs, "notably ineffective". We note that one of them, Anthony Fan Ren Da, sits on 12 HK-listed boards, making him the third-busiest listco director. He's also Founding President of the HK INED Association, leading by example. Another INED, Loke Yu, sits on 5 boards. We remind you that in HK, controlling shareholders, who are often executives, vote in INED elections.
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