Court disqualifies Nicholas Chiu Sai Chuen, ex-INED of China Candy (ex-8182) for 3 years
SFC
SFC, 12-Dec-2023
For negligence in failing, an an INED and member of the board's Audit Committee, to detect a massive overstatement of cash in the group accounts. Auditors HLB Hodgson Impey Cheng didn't spot it either.
Orgs
People
SFC seeks court orders to disqualify former directors and ex-CFO of China Candy (ex-8182)
SFC
SFC, 20-Apr-2023
The SFC alleges a fraudulent scheme to fake accounts in the first year after the IPO. Comment: a prosecution might have been more appropriate, but the 3 key persons are in the mainland, outside the HK jurisdiction.