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SFC seeks court orders against Hanergy (0566) directors

SFC, 23-Jan-2017

The SFC is going after the controlling shareholder Li Hejun and all 4 INEDs for turning a blind eye. The court can remove and disqualify INEDs, but of course, independent shareholders cannot, because in HK, "independent" directors are elected by controlling shareholders, making a mockery of the term.

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