Core Viewpoint - The company is under investigation by the Hong Kong Stock Exchange due to a complaint regarding potential financial misconduct related to loans and agreements involving its subsidiary and third parties [1][2][3]. Group 1: Allegations and Complaints - The complaint alleges that the company and its affiliates requested loans totaling HKD 16.5 million from its subsidiary, which were never received, and that funds were instead paid directly to a third party for a project [1][2]. - It is claimed that the third party, Charm Winner, failed to provide any services as per the agreement and did not pay the associated development costs despite repeated requests [2]. - The complaint raises doubts about the existence and legitimacy of the loans and agreements, questioning the due diligence conducted by the company regarding Charm Winner [3]. Group 2: Regulatory Response - The Hong Kong Stock Exchange has issued additional guidelines for the resumption of trading, mandating an independent forensic investigation into the allegations and their impact on the company's operations and financial status [4]. - The company remains suspended from trading while the investigation is ongoing [5].
秀商时代控股接获额外复牌指引