Core Viewpoint - Raffles Interior Limited is facing serious allegations against its director and controlling shareholder, Zheng Nenghuan, regarding market manipulation and unauthorized actions, which could violate securities laws and regulations [1][2]. Group 1: Allegations and Complaints - An anonymous complaint was received on January 28, 2026, alleging that Zheng Nenghuan engaged in market manipulation and unauthorized actions [1]. - The complaint details that Zheng pledged his 51% stake in the company as collateral to a securities firm, which subsequently issued a margin call [1]. - It is claimed that Zheng, fearing forced liquidation due to the margin call, signed a contract to acquire a land parcel for HKD 300 million without board authorization and instructed his lawyer to suspend trading of the company's shares [1]. Group 2: Board's Response and Investigation - The board immediately contacted Zheng for clarification regarding the allegations and confirmed that he received the margin call notice on November 3, 2025 [2]. - Zheng stated that the margin call notice was unrelated to the signing of the acquisition agreement, which required urgent trading suspension in compliance with listing rules [2]. - The board has established an independent committee to investigate the allegations, but Zheng has not been cooperative in providing necessary documentation for a thorough review [3]. Group 3: Ongoing Investigation - The independent committee, with external legal counsel, is conducting a rigorous investigation and will report findings to the board at an appropriate time [3].
RAFFLESINTERIOR(01376)：接获投诉 公司董事及控股股东郑能欢涉嫌市场操纵及未经授权行为