Date Company/ Name Breach Conduct Disciplinary Actions
11 December 2019

• Artini Holdings Limited (“Company”)




• MLR13.46(2)(a)

• MLR13.49(1)






                       
• The Company breached MLRs 13.46(2)(a) and 13.49(1) for its delay in the publication of its annual results and report for the year ended 31 March 2017.

REGULATORY MESSAGE:

A Company must ensure that it keeps adequate accounting records in order to prepare consolidated financial statements that comply with relevant standards and applicable law. There must be adequate documents and records to support the Company’s transactions, revenue and expenses.

The Company was in clear breach of the Listing Rules and fell short of appropriate corporate governance. The deficiencies in this case prevented the Company’s auditors from expressing an opinion on important financial information, which is relevant to the shareholders’ and the public’s assessment of the Company.

SANCTION:

Public Censure of

• Artini Holdings Limited

NEWS RELEASE:

https://www.hkex.com.hk/News/News-Release/2019/191211news?sc_lang=en