Debt-stricken Chinese developer Fantasia Holdings Group and its chairman Pan Jun have been heavily criticised by the Hong Kong stock exchange for breaching an agreement to avoid direct competition with a spin-off company.The exchange publicly rebuked Fantasia and Pan, and ordered the chairman to attend 17 hours of training on corporate governance and other aspects of listing rules.The bourse also meted out criticism to former Fantasia executive director Lam Kam-tong, the spin-off unit Colour…
Source : South China Morning Post
Read more…Debt-laden Chinese developer Fantasia and its chairman rebuked by Hong Kong stock exchange for breaching agreement with spin-off unit
