Exchange’s Disciplinary Action against a Former Director of Global Mastermind Holdings Limited (Stock Code: 8063)


Mr. Tse Ke Li, a former executive director, has been deemed unsuitable by the Stock Exchange of Hong Kong Limited to hold any directorial or senior management positions within the company or its subsidiaries. This decision, along with a public censure, stems from Mr. Tse’s involvement and/or knowledge of unauthorized acquisitions and complete withdrawal of funds from a subsidiary, resulting in substantial financial losses. An independent investigation revealed that Mr. Tse was responsible for overseeing the subsidiary during these transactions, during which he actively concealed the acquisitions and allowed the cash withdrawals to occur without the necessary documentation. Additionally, Mr. Tse failed to cooperate with the Stock Exchange’s investigation.



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