The SFC has initiated legal proceedings in the Court of First Instance under section 214 of the Securities and Futures Ordinance to seek disqualification orders against former directors of Tech Pro Technology Development Limited. The SFC’s investigation found that the directors, including the former chairman and executive director, failed to properly manage Tech Pro’s investment in a joint venture, resulting in significant financial losses. The SFC alleges that the directors breached their duties owed to Tech Pro. The case has been scheduled for trial at the Court of First Instance.
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