Pak Tak Admits Listing Rules Breach Over RMB136 Million Related-Party Guarantees
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Pak Tak International Limited (HK:2668) has admitted to breaching Hong Kong Listing Rules regarding related-party guarantees totaling RMB136 million for entities owned by its chairman. The company’s board failed to report and obtain necessary approvals for these transactions, raising governance and compliance concerns. The latest analyst rating for Pak Tak stock is a Hold with a price target of HK$0.26. The company operates as an investment holding firm with interests in financial activities in mainland China.
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