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BRIEF-China Creative Global Updates On Investigation On Transfer Of Subsidiaries Under Allen International

05/07/2021 09:36
BRIEF-China Creative Global Updates On Investigation On Transfer Of Subsidiaries Under Allen International

- China Creative Global Holdings Ltd 1678.HK:

  • UPDATES ON INVESTIGATION ON TRANSFER OF SUBSIDIARIES UNDER ALLEN INTERNATIONAL

  • BOARD MEMBERS APPOINTED IN-HOUSE LAWYER TO CARRY OUT A PRELIM LEGAL STUDY OF THESE TRANSACTIONS

  • LAWYER FOUND ALL OF RELEVANT PRC UNITS HELD BY ALLEN INTERNATIONAL WERE TRANSFERRED ON 20 NOV 2020, WITHOUT PRIOR APPROVAL OF CO

  • LAWYER ADVICE TO BOARD TO SUSPEND CERTAIN EXECUTIVE AND INDEPENDENT NON-EXECUTIVE DIRECTORS UNTIL END OF INVESTIGATIONS

Source text for Eikon: ID:nHKS3hw41G

Further company coverage: 1678.HK


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