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BRIEF-Acrossasia says MMT made consequential orders upon findings of market misconduct
November 30, 2016 / 12:46 PM / a year ago

BRIEF-Acrossasia says MMT made consequential orders upon findings of market misconduct

Nov 30 (Reuters) - Acrossasia Ltd

* MMT has made consequential orders upon findings of market misconduct by co, Cheok and Ang which are contained in report of findings dated 29 nov 2016

* SFC alleged that co, Cheok and Ang delayed in issuing an announcement regarding institution of certain legal proceedings against co in indonesia

* Estimates that portion of government’s & sfc’s costs for which it is liable pursuant to costs order contained in mmt’s report amounts to hk$1.45 billion

* MMT confirmed that breaches were caused by negligence on part of Albert Saychuan Cheok and Vicente Binalhay Ang

* Mmt has made order for regulatory fine of hk$600,000 against co

* Mmt has made order for regulatory fine of hk$600,000 against ang; regulatory fine of hk$800,000 against cheok Source text for Eikon: Further company coverage:

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