Exchange’s Disciplinary Action against Sun Cheong Creative Development Holdings Limited (Delisted, Previous Stock Code: 1781) and Eight Former Directors

enforcement

The SEHK has taken disciplinary action against Sun Cheong Creative Development Holdings Limited and eight former directors. The Company has been censured, while a director unsuitability statement has been imposed on Mr. Tong Ying Chiu, Ms. Ng Siu Kuen Sylvia, Mr. Tong Bak Nam Billy, and Mr. Un Ge Wei. Additionally, Mr. Chan Kam Hon Ivan, Mr. Chan Sai On Bill, Mr. Ng Chun Chung, and Mr. Sze Chun Wai have been censured, and Mr. Sze Chun Wai has been criticized. The four directors mentioned earlier have also been directed to attend training. The disciplinary actions were due to mismanagement, failure to ensure smooth operations after key executives’ departure, and providing misleading information.

Resource: https://www.hkex.com.hk/News/Regulatory-Announcements/2023/231121news?sc_lang=en

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