Neo-Neon flags breach of deposit cap under connected transaction rules
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Neo-Neon Holdings (HK:1868) reported a breach of its deposit cap under Hong Kong Listing Rules, with deposits exceeding the RMB37 million limit, reaching RMB39.49 million from February 11 to 13. This non-compliance requires reporting and shareholder approval. The company has since maintained compliance and implemented measures to prevent future breaches. Neo-Neon, based in the Cayman Islands, operates in the lighting sector and provides deposit services through its internal finance company.
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