Core Viewpoint - Raffles Interior Limited is facing allegations of conspiracy to defraud its minority shareholders related to a land transaction in Shenzhen, with significant discrepancies between the agreed contract price and the estimated market value of the asset [1][2] Group 1: Allegations and Complaints - An anonymous complaint was received by Raffles Interior Limited's board, alleging conspiracy to defraud the company and its minority shareholders [1] - The complaint includes an independent investigation into a land parcel in Shenzhen, which is subject to strict construction deadlines [2] - The estimated land value post-construction is RMB 120 million, significantly lower than the contract price of HKD 300 million, indicating potential misconduct [2] Group 2: Company Response - The board of directors has firmly decided not to proceed with the acquisition despite receiving the sales agreement, which was signed without proper authorization [2] - The board emphasizes the lack of supporting documents for the transaction, including identification of the counterparty and valuation reports [2] - A termination agreement for the sales contract is pending submission to the board, highlighting the board's responsibility to ensure the contract is legally terminated [2]
RAFFLESINTERIOR接获投诉信有关董事会主席串谋诈骗本公司及其少数股东的指控