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Freeman Fintech Corporation updates on claims against certain former directors

Friday, 26 May 2017 10:12am EDT

May 26 (Reuters) - Freeman Fintech Corporation Ltd <0279.HK>:Updates on information regarding claims against certain former directors of company.Compensation orders are also sought against 2 former directors of co for payment of about hk$76 million with interest to company.SFC seeks disqualification orders against relevant respondents and other former directors of company.Disqualification orders for directors alleged misconducts in co's dealings of acquisition and disposal of interest in liu's holdings.Co has no intention to appoint any of respondent former directors as director, or to engage them with or without court's order.Says relevant respondents have all resigned from board at dates subsequent to announcement.Board would like to emphasize that none of respondent former directors is engaged in management of co, directly or indirectly.

Sealand Securities' biggest shareholder raises stake in the company

Friday, 26 May 2017 08:29am EDT

May 26 (Reuters) - Sealand Securities Co Ltd <000750.SZ>:Says biggest shareholder has added 1.05 percent stake in the company between May 22 and 26, taking its direct holdings to 22.34 percent after transactions.

China Merchants Securities gets regulatory approval to appoint chairman

Friday, 26 May 2017 07:44am EDT

May 26 (Reuters) - China Merchants Securities Co Ltd <600999.SS>:Says it gets regulatory approval to appoint Huo Da as chairman.

Cash Financial Services announces placing of convertible bonds by CFSG

Friday, 26 May 2017 07:24am EDT

May 26 (Reuters) - Cash Financial Services Group Ltd <0510.HK>:CFSG to place through placing agent convertible bonds with principal amount of up to hk$620 million.Net proceeds from placing (after deducting related expenses) are estimated to be about hk$614.6 million.CFSG place convertible bonds to not less than six placees at initial conversion price of hk$0.31 per cfsg share.Net proceeds will be utilized as to around hk$300 million to further strengthen CFSG Group's financial services business.


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