Xiang, Liang 項亮

Listing Committee censures Mr Xiang Liang, ex-CEEI (0986)
SEHK, 20-Sep-2019
CEEI is a member of the "Enigma Network". Mr Xiang had agreed to be criticised and to undertake 24 hours of training on the Listing Rules, but he resigned 11 days after the announcement of the sanctions, and then failed to do the training. Perhaps he plans never to return to the public markets.
Criticism of CEEI (0986), Chen Tong (Chairman & CEO) and Xiang Liang (ED)
SEHK, 29-Sep-2017
CEEI is in what we call the "Enigma Network". When the investment in Luen Wong (8217) was announced, Webb-site called it a bubble stock trading on a P/B of 321 and a P/E of 861. CEEI said the deal was "fair and reasonable", "a good investment opportunity" and "an attractive investment which will provide satisfactory return". It subsequently crashed, of course. We pointed out the breach of the Listing Rules, for which the company and its directors have now been criticised by the Listing Committee. There was no criticism of the bullish statements made by the CEEI board about Luen Wong.

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