The SFC has initiated legal proceedings against First Credit Finance Group Limited and its former directors, as well as a former de facto director. The SFC alleges that these individuals breached their fiduciary duties by failing to disclose the de facto directorship and publishing false or misleading information in company announcements. The SFC is seeking disqualification orders and requesting that First Credit publish the court’s findings to inform shareholders. First Credit’s shares have been suspended since November 2017.
Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR140