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BRIEF-Shimao Services Says Stock Exchange Found Non-Executive Director Breached Duties

Reuters
2024-12-03
BRIEF-Shimao Services Says Stock Exchange Found Non-Executive Director Breached Duties

Dec 3 (Reuters) - Shimao Services 0873.HK:

  • STOCK EXCHANGE FOUND THAT NON-EXECUTIVE DIRECTOR, OTHERS BREACHED THEIR DIRECTOR'S DUTIES UNDER RULE 3.08 OF LISTING RULES

  • CONSIDERS THAT GU REMAINS SUITABLE TO ACT AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY

  • BREACH IN OBLIGATIONS BY FAILING TO USE BEST ENDEAVOURS TO PROCURE COMPLIANCE OF SUNSHINE HOLDINGS ON ENFORCEMENT OF LOANS

  • DISCIPLINARY ACTION AGAINST AND EIGHT DIRECTORS OF SUNSHINE HOLDINGS, INCLUDING GU YUNCHANG, NON-EXEC DIRECTOR OF SHIMAO

Further company coverage: 0873.HK

((Reuters.Briefs@thomsonreuters.com;))

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