Core Viewpoint - The Hong Kong Stock Exchange has reprimanded Kaisa Group Holdings Ltd. and its current and former directors for failing to comply with listing rules regarding the timely submission of documents related to two major transactions completed in August 2023 [1][2]. Group 1: Company Actions and Compliance - Kaisa Group failed to send the required circulars regarding two major transactions within the stipulated timeframe, leading to a delay of 16 months in sending the documents after the exchange's investigation began [2][3]. - The company was granted an extension until December 2023 to send the circulars, but despite multiple reminders from the exchange, it did not comply until April 2025 [2][3]. - The company lacked adequate internal controls to monitor compliance with the listing rules and failed to ensure timely communication with the Stock Exchange [2][3]. Group 2: Directors' Responsibilities - The directors of Kaisa Group were found to have not fulfilled their duties, relying excessively on the former company secretary for the preparation and submission of the circulars without proper oversight [2][3]. - The chairman and the former company secretary did not act as the main communication channels between the company and the Stock Exchange, failing to report inquiries to the board in a timely manner [3]. - All involved parties acknowledged their violations of the listing rules and proposed remedial measures, which have either been implemented or are in the process of being implemented [3].
香港联交所：对合景泰富集团(01813)及其6名董事和1名秘书采取纪律行动