Hong Kong Securities Supervision Commission: Chinese ecotourism group improperly acquired a blockchain company and has taken disciplinary action
2024-04-26 09:42:31
Hong Kong's Securities and Futures Commission has announced that it has joined forces with the Stock Exchange of Hong Kong Limited (SEHK) to take disciplinary action against China Ecotourism Group Limited (China Ecotourism) and seven of its current and former directors. The investigation focuses on misconduct, involving the granting of 13 loans of approximately HK $363 million and RMB 91 million to nine borrowers and the acquisition of a 37.5% interest in a blockchain technology company for HK $35 million.
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