Date

Company / Name

Breach Conduct

Disciplinary Actions


21 September 2017

  • Mr Cong Hui Sheng, former executive director of Chengdu PUTIAN Telecommunications Cable Company Limited

  • Director’s Undertaking
    (Form H)

  • Director’s failure to cooperate in the Exchange’s investigation.


REGULATORY MESSAGE:

A director's compliance with his Director's Undertaking to cooperate in the Exchange's investigation into possible Listing Rule breaches underpins the Exchange's ability to regulate issuers and directors, and therefore is of utmost importance in enabling the Exchange to discharge its function to ensure, so far as reasonably practicable, an orderly, informed and fair market in securities that are traded on the Exchange. Failure to comply without reasonable excuse will, in appropriate cases, lead to public sanction. Such conduct will also be taken into account in the Exchange's consideration of suitability of the individual concerned to be appointed as a director of any listed issuer and listing applicant in Hong Kong.


SANCTIONS:


Public Censure of

  • Mr Cong Hui Sheng

with a statement that Mr Cong's conduct in this matter will be taken into account in assessing his suitability under Rule 3.09 of the Exchange Listing Rules (and its equivalent of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited) in the event that he should wish to become a director of any issuer listed or to be listed on the Exchange in the future


NEWS RELEASE:

http://www.hkex.com.hk/eng/newsconsul/hkexnews/2017/170921news.htm