Exchange’s Disciplinary Action against China Haisheng Juice Holdings Co., Ltd. (Delisted, previous stock code: 359) and Five Directors

On 13 October 2021, the Company announced that its subsidiary had entered into an agreement to dispose of its interest in a company. The Company noted that the disposal would be a major transaction and was therefore subject to requirements under the Listing Rules, including an obligation to obtain shareholders’ approval as a condition precedent to completion. The directors were involved in the disposal but failed to take action to ensure that the Company complied with the requirements under the Listing Rules. They also failed to use their best endeavours to ensure the accuracy and completeness of the information in the announcements published in November and/or December 2021.     Resources: https://www.hkex.com.hk/News/Regulatory-Announcements/2024/240606news?sc_lang=en