SFC fines Quam Capital HK$800k over sponsor failures
SFC, 01-Aug-2016
机构
人物
Chan Kwan v Everbest Water Treatment Development Co Ltd
HK Court of First Instance, 15-Aug-2014
Judge Jonathan Harris again asks IPO applicants to stop wasting the court's time on rectifications of failure to hold AGMs of HK subsidiaries on time. He says "I was told that this application had been continued largely at the instigation of the sponsor for the listing, who in this case is Qua[m] Capital Limited. I hope in future that applicants’ legal advisers will make it clear to sponsors that, for the most part, these applications are unjustified and are unnecessary." The parent, ELL Environmental (1395) begins trading on 26-Sep-2014.