Brief: Peking University Resources (Holdings) Co Updates On Suspension Of Trading And Litigation Of "Misconduct" Of A Former Executive Director Of Co

Peking University Resources (Holdings)

21/02/2022 15:20

Feb 21 (Reuters) - Peking University Resources (Holdings)
Company Ltd  0618.HK :
    * UPDATES ON SUSPENSION OF TRADING AND LITIGATION OF
"MISCONDUCT"
OF A FORMER EXECUTIVE DIRECTOR OF CO
    * ON 16 FEB, SPECIAL INVESTIGATION COMMITTEE APPOINTED GRANT
THORNTON ADVISORY SERVICES AS INDEPENDENT INVESTIGATOR
    * TRADING IN SHARES OF CO ON STOCK EXCHANGE WILL REMAIN
SUSPENDED
UNTIL FURTHER NOTICE
    * NEW INVESTIGATION INCLUDES IF ALLEGED DEBT DISCREPANCY
RESULTED
FROM MISAPPROPRIATION OF GROUP'S FUNDS BY RESOURCES GROUP
    * SPECIAL COMMITTEE TO INVESTIGATE "ALLEGED DEBT OF RMB7,926
MILLION OWED BY RESOURCES INVESTMENT TO RESOURCES GROUP"
    * NEW INVESTIGATION INCLUDES WHETHER ANY FORMER DIRECTOR'S
MISCONDUCT WAS INVOLVED IN THE ALLEGED DEBT DISCREPANCY


Further company coverage:  0618.HK 

 ((Reuters.Briefs@thomsonreuters.com;))