Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 16 October 2018, 19:03 HKT/SGT
Share:
Green Leader Holdings Group Announces Clarification of Inaccurate Articles Reserves All Its Rights to Pursue

HONG KONG, Oct 16, 2018 - (ACN Newswire) - The board of directors (the "Board") of Green Leader Holdings Group Limited (the "Company", together with its subsidiaries, the "Group", HKEx Stock code: 61) announces clarification of inaccurate contents contained in certain media articles (the "Articles"), which in relation to the arrest warrant issued by Cambodia to two senior management of the Company and the progress of the group's cultivation.

The Company entered into of an acquisition agreement by a subsidiary of the Group with six obligors as announced on 31 March 2017. One of the obligors had commercial disputes with the Group and made false accusation by way of a criminal complaint in Cambodia against Mr. Zhang Sanhuo ("Mr. Zhang"), the Chairman and an executive director of the Company, and Mr. Tse Michael Nam ("Mr. Tse"), the Chief Executive Officer and an executive director of the Company, alleging forgery on their part. Both Mr. Zhang and Mr. Tse immediately upon learning the arrest warrant had engaged Cambodia legal adviser to commence legal action to cancel the arrest warrant and defend the criminal complaint. The arrest warrant had subsequently been cancelled on 29 November 2017. The Cambodia legal adviser had also applied on behalf of Mr. Zhang and Mr. Tse to dismiss the criminal complaint and the criminal complaint had been dismissed on 28 December 2017. Mr. Zhang and Mr. Tse consider such criminal complaint and false accusations were vexatious or frivolous with an aim to assert undue pressure on the Group and its directors and this was later proved by the dismissal of the criminal complaint.

The Articles also gave groundless allegation that the Group had only completed the cultivation of less than 500 hectares of cassava in Cambodia in 2018. As disclosed in the 2017 annual report and 2018 interim report of the Company, the Group had completed the cultivation of 2,500 hectares of cassava.

The Company reserves all its rights to pursue in respect of such inaccurate contents in the Articles.

About Green Leader Holdings Group Limited (Stock code: 61)
Green Leader Holdings Group Limited and its subsidiaries principally engaged in (i) the development of processing and production of bio-energy ethanol, cassava starch/ modified starch products using cassava as raw material; and (ii) coal exploration and development (mining operation) and the provision of coal trading and logistics services.



Oct 16, 2018 19:03 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
INNO@CHUNWO Succeeds In Developing R2M2 - Enhances Efficiency of Repairing Old Buildings  
Jan 21, 2019 20:50 HKT/SGT
HKTDC Education & Careers Expo Opens on Thursday  
Jan 21, 2019 19:00 HKT/SGT
Kinetic Mines Issued Positive Profit Alert; Expected 40% Growth in the Net Profit for 2018   
Jan 21, 2019 16:54 HKT/SGT
SDK's 3.5-inch Media Now Used in World's-Largest-Capacity 16TB HDD  
Jan 21, 2019 13:00 HKT/SGT
Branched-Chain Amino Acids Found to Regulate the Development and Progression of Cancer  
Jan 21, 2019 13:00 HKT/SGT
Hong Kong ESG Reporting Awards 2019 Announces Partnerships with CUHK Jockey Club Museum of Climate Change and SDSN Hong Kong  
Jan 21, 2019 12:00 HKT/SGT
MHPS Opens "Remote Monitoring Center" in the Main Office of Its Nagasaki Works  
Jan 21, 2019 10:40 HKT/SGT
China Resources Power and Black Spade Capital sign a strategic joint venture cooperation agreement; teaming up to create an environmentally friendly world  
Jan 21, 2019 09:04 HKT/SGT
Mega Expo Subsidiary ME International Undertakes Large MICE Event in China Again  
Jan 18, 2019 19:53 HKT/SGT
TOYOTA GAZOO Racing trio take on the WRC's legendary curtain-raiser  
Jan 18, 2019 17:23 HKT/SGT
More Press release >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: