China Ecotourism Group Limited 中國生態旅遊集團有限公司
Sanction of China Ecotourism (1371) and 7 directors
SEHK, 25-Apr-2024
13 bad loans to 9 borrowers led to impairment of HK$473m, and a HK$35m purported investment in a blockchain startup was also fully impaired after the owner disappeared. Some of that money found it way into the bank account of Sha Tao, the husband of Donna Chan Tan Na, ex-Chairman and CEO of the company. Chan Shing, the ex-husband of ED Lau Ting was also allegedly involved. A slap on the wrists from the Stock Exchange doesn't go far enough - why haven't there been criminal charges?
SEHK, 25-Apr-2024
13 bad loans to 9 borrowers led to impairment of HK$473m, and a HK$35m purported investment in a blockchain startup was also fully impaired after the owner disappeared. Some of that money found it way into the bank account of Sha Tao, the husband of Donna Chan Tan Na, ex-Chairman and CEO of the company. Chan Shing, the ex-husband of ED Lau Ting was also allegedly involved. A slap on the wrists from the Stock Exchange doesn't go far enough - why haven't there been criminal charges?
Sanction of Mr Huang Sheng Lan, ex-NED of China Fortune Inv (ex-8116)
SEHK, 9-Nov-2023
For failing to complete the 20 hours of director-training that was required after a previous sanction. He was once Deputy Governor of China Everbright Bank. He was an INED of China Ecotourism (1371) until last month when he resigned "to pursue his personal retirement plan".
SEHK, 9-Nov-2023
For failing to complete the 20 hours of director-training that was required after a previous sanction. He was once Deputy Governor of China Everbright Bank. He was an INED of China Ecotourism (1371) until last month when he resigned "to pursue his personal retirement plan".
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