CENTURY EN INTL is accused of losing control over its mainland subsidiary, and the Securities and Futures Commission has applied to revoke the qualifications of four former directors
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CENTURY EN INTL announced that the China Securities Regulatory Commission (CSRC) has applied to revoke the qualifications of four former directors due to their failure to properly supervise the company's four major subsidiaries in mainland China, resulting in the company being unable to consolidate them since 2019, leading to a loss of approximately HKD 184 million. The CSRC accused the former directors of not acting in the best interests of the company and holding responsibility for the inaccurate information in the circular issued in 2014. To date, this legal action has not had a significant impact on the company's operations
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