GCC Consulting

Exchange’s Disciplinary Action against CT Vision S.L. (International) Holdings Limited (Stock Code: 994)


The Stock Exchange of Hong Kong Limited has censured against CT Vision S.L. (International) Holdings Limited (Stock Code: 994) for making fund transfers of approximately $114 million to Dr. Kan Hou Sek Jim, the former executive director of the Company and the director of the subsidiary, and his related parties without authorization from the board of the Company. These transfers were discloseable and connected transactions as well as financial assistance, and the company failed to comply with the applicable requirements and made inaccurate disclosures. CT Vision S.L. settled the matter at an early stage.

resource: https://www.hkex.com.hk/News/Regulatory-Announcements/2023/230523news?sc_lang=en


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