Brief: Boyaa Interactive International Updates On Development Of Employee's Case

Boyaa Interactive International

05/12/2022 14:38

Dec 5 (Reuters) - Boyaa Interactive International Ltd
 0434.HK :
    * UPDATES ON DEVELOPMENT OF EMPLOYEE'S CASE
    * HIGH PEOPLE'S COURT OF HEBEI PROVINCE RULED APPEAL SHALL
BE
DISMISSED AND RETRIAL JUDGMENT HAD BEEN UPHELD
    * COURT RULED RELEVANT FROZEN SUM SHALL BE CONFISCATED AND
PAID TO
STATE TREASURY
    * COURT RULED EMPLOYEES ARE GUILTY OF ALLEGED CRIME & USED
CO'S
FROZEN ACCOUNT TO TRANSFER FUNDS FOR ILLEGAL ACTIVITIES
    * RELEVANT FROZEN SUM INCLUDES FROZEN ACCOUNT OF CO OF
RMB291.7
MILLION AND  WEALTH MANAGEMENT PRODUCTS OF RMB350 MILLION
    * VIEWS SECOND INSTANCE RULING WILL NOT HAVE MATERIAL
ADVERSE
IMPACT ON BUSINESS, OPERATIONS AND FINANCIAL CONDITIONS

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