Group 1 - The Hong Kong Securities and Futures Commission (SFC) has issued a disqualification order against former executive director Lo Ka-wai of National United Resources Holdings Limited, prohibiting him from serving as a director or manager of any listed or non-listed corporation in Hong Kong for three years [1] - The SFC found that in 2015, subsidiaries of National United Resources entered into two back-to-back fuel supply and sale transactions that were deemed fictitious due to the involvement of related parties and the use of false documents [1] - Lo admitted to facilitating these transactions and approved payments totaling HKD 302 million for fictitious supply transactions, violating his duties and showing negligence [1] Group 2 - Legal proceedings against other former directors and senior personnel of National United Resources are still ongoing [2] - National United Resources has been listed on the Hong Kong Stock Exchange since November 16, 1972, and operates primarily in three business segments: trading of coking coal, aluminum rods, and fuel; online platform business; and media and advertising [2] - Lo served as an executive director from October 17, 2013, to May 19, 2017 [2]
香港证监会：取得针对国家联合资源(00254)前执行董事为期3年的取消资格令