Health and Happiness (H&H) International Holdings Limited 健合(H&H)國際控股有限公司
MMT fines H&H (1112) and its Chairman HK$1.6m each for late disclosure of inside information
SFC, 25-Jun-2019
For the 3rd time, the MMT gets it wrong by penalising shareholders for the wrong-doing done to them. This follows Yorkey (2788) in Feb-2017 and Fujikon (0927) in Apr-2019. In each case, the company's failure to disclose was entirely due to the negligence of the directors involved and they should have paid all the fines and expenses. Both the Fujikon and H&H cases were settlements agreed with the SFC, so the SFC has allowed directors to shift part of the burden of their wrong-doing onto shareholders by using company funds. This has to stop.
SFC, 25-Jun-2019
For the 3rd time, the MMT gets it wrong by penalising shareholders for the wrong-doing done to them. This follows Yorkey (2788) in Feb-2017 and Fujikon (0927) in Apr-2019. In each case, the company's failure to disclose was entirely due to the negligence of the directors involved and they should have paid all the fines and expenses. Both the Fujikon and H&H cases were settlements agreed with the SFC, so the SFC has allowed directors to shift part of the burden of their wrong-doing onto shareholders by using company funds. This has to stop.
SFC takes H&H (1112) and its Chairman to MMT over late disclosure
SFC, 29-Nov-2018
The SFC alleges that the respondents withheld Inside Information for a month until a profit warning on 23-Jul-2015.
SFC, 29-Nov-2018
The SFC alleges that the respondents withheld Inside Information for a month until a profit warning on 23-Jul-2015.
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