The Stock Exchange condemns the chairman and executive directors of STERLING GP

AASTOCKS
2026.01.20 09:28

The Hong Kong Stock Exchange announced that it reprimanded STERLING GP (01825.HK), its executive director, chairman, and CEO Wang Meihui, executive director Xiao Yiming, and former executive director Zhong Guowei, and instructed all individuals to complete designated training.

The Stock Exchange stated that the group, through its subsidiary SAL, trades in clothing products, and when SAL's main client JPO encountered liquidity issues, Wang Meihui and Zhong Guowei decided to provide financial assistance to JPO, including support for its new stock listing application on Nasdaq. This involved connected transactions, and the company did not disclose this in accordance with listing rules, with Wang Meihui and Zhong Guowei's advances to JPO also not reported to the board of directors

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