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Hong Kong's SFC bans former Fuguiniao CFO for two years
A High Court judgment said "there is no excuse" for the actions of Chan Wai Shing, former chief financial officer of the Chinese shoemaker, after annual reports for 2013-15 were found false and misleading related to non-disclosed deposit pledges.
Hong Kong’s Securities and Futures Commission (SFC) has obtained a disqualification order in the Court of First Instance against Chan Wai Shing, former chief financial officer (CFO) and company secretary of Chinese shoe manufacturer Fuguiniao, according to a February 6 SFC statement.
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