Daily News Headlines

  • Daily News Headlines – 22 May 2020

    SFC seeks court order to wind up Combest Holdings Limited

    SFC News, 21 May 2020

    The Securities and Futures Commission (SFC) has presented a petition to the Court of First Instance to wind up Combest Holdings Limited (Combest) and to disqualify the company's executive directors, Mr Liu Tin Lap and Mr Lee Man To, and a suspected shadow director, Mr Ng Kwok Fai under the Securities and Future Ordinance to protect the interest of Combest's shareholders, creditors and the investing public.

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    SEC Adopts Amendments to Improve Financial Disclosures about Acquisitions and Dispositions of Businesses

    U.S. SEC News, 21 May 2020

    The Securities and Exchange Commission today announced that it has voted to adopt amendments to its rules and forms to improve for investors the financial information about acquired or disposed businesses, facilitate more timely access to capital, and reduce the complexity and costs to prepare the disclosure. The amendments will update our rules which have not been comprehensively addressed since their adoption, some over 30 years ago.

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