July 09, 2018 BY Valentina Kirilova
SFC fines CCB International Capital Limited $24 million for sponsor failures
The Hong Kong Securities and Futures Commission (SFC) has just announced that it has reprimanded and fined CCB International Capital Limited (CCBIC) $24 million for failing to discharge its duties as the sole sponsor in the listing application of Fujian Dongya Aquatic Products Co., Ltd (Fujian Dongya) in 2013 and 2014. The disciplinary action followed…
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