Concerning undisclosed diversion of IPO proceeds into an investment and various questionable service agreements. This involves fees paid to some of the same firms as a similar sanction of Raffles Interior (1376) in Dec-2022, including Leo Asset Management Ltd, Share News Media Ltd and Easy Global Profits Ltd. Both listings involved Singapore-based companies. In both cases, IPO funds were invested in a company "engaged in the trading of antique jewellery". In Hygieia's case this is named as Luck Rise Dragon Ltd. Leo is owned by Roma (8072).
机构
人物
Sanction of Raffles Interior (1376) and 3 directors
SEHK, 12-Dec-2022
Most of the IPO proceeds were quickly diverted into asset management and services which had questionable rationale. Leo Asset Management Ltd is owned by Roma (8072).