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Nearly HK$500 million in loans! The listed company and its 7 directors were subject to disciplinary action by the Stock Exchange
① Why was the company and its executives penalized by the Hong Kong Stock Exchange? ② What are the specific measures of the Hong Kong Stock Exchange?
CHINA ECOTOUR: 2023/2024 Interim Report
China Ecotourism (01371.HK) medium-term loss narrowed to around HK$71.6 million
Gelonghui, Feb. 28 | China Ecotourism (01371.HK) announced that during the six-month period ending December 31, 2023, the Group recorded a total revenue of approximately HK$47.5 million, down about 8% from the same period last year. The losses attributable to company owners in the first half of the year were approximately HK$71.6 million (H1 2022: approximately HK$85.9 million).
CHINA ECOTOUR: Announcement of Interim Results for the Six Months Ended 31 December 2023
China Ecotourism (01371.HK) subsidiary liability for violation of financing terms
Glonghui, December 3, China Ecotourism (01371.HK) announced that in October 2023, Yuwei Co., Ltd., an indirect wholly owned subsidiary of the company, received a notice from a creditor bank in China as a collateral about a loan with an outstanding principal amount of HK$162 million granted by the creditor to Fuchang Technology Co., Ltd., an indirect wholly-owned subsidiary of the company, alleging that Fuchang, as a borrower, had violated the financing terms. The financing had already been secured by Yu Wei's property. As of November 18, 2022, the fair value of this property was assessed by an independent appraiser at HK$324 million
China Ecotourism (01371.HK) appoints Zhu Xinxin as Executive Director
Gelonghui November 8 | China Ecotourism (01371.HK) announced that Zhu Xinxin has been appointed as the company's executive director, effective November 8, 2023.
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