简体中文
Listed Companies
GOME to get HK$420m compensation
Last Updated: 2014-03-12 00:13 | Global Times
 Save  Print   E-mail

Imprisoned billionaire Wong Kwong Yu (Huang Guangyu) and his wife have agreed to pay HK$420 million ($54 million) compensation to GOME for breach of duties as directors, the Hong Kong Securities and Futures Commission (SFC) said Tuesday.

The amount is intended to compensate the Hong Kong-listed GOME's losses in connection with the company's share repurchase in 2008, the SFC said in a statement released on Tuesday.

Wong, GOME's largest shareholder, was sentenced to 14 years behind bars after being convicted of bribery and insider trading in May 2010.

0
Share to 
Related Articles:
Chinese Economy
Special Coverage
Greek Economy
A window into the Greek and European economy.
Photo
National flag-raising ceremony held in Beijing to celebrate New Year
National flag-raising ceremony held in Beijing to celebrate New Year's Day
Angelababy releases new fashion photos
Angelababy releases new fashion photos
Insight
Pakistani beef promoted in Pakistan National Pavilion to tap China's market
In an effort to promote Pakistani beef in Southwest China, the Pakistan National Pavilion in Chengdu, capital city of Sichuan province southwest China has recently showcased a batch of heat-treated Pakistani beef.
New Finance Institute Launched to Link Local Development with Global Vision
Focused on "High-Quality Development and the Path of Financial Development with Chinese Characteristics," the first Shenzhen Finance Forum and the launching ceremony of Shenzhen Finance lnstitute, Renmin University of China (RUC) were held in Shenzhen on May 19.
China's war on pollution, making cities more breathable
China's commitment to green initiatives has transformed its cities, resulting in improved livability and air quality. It's truly remarkable how China has taken on the battle against pollution and emerged victorious.
DATA
Most Popular
Greek Economy
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved