Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 16 October 2018, 19:03 HKT/SGT
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
From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Press Releases
Speakers announced for this year's IR Magazine Forum & Awards - Greater China 2018  
Nov 22, 2018 17:45 HKT/SGT
Bank of Georgia is the first JCB card acquiring bank in Georgia  
Nov 22, 2018 17:00 HKT/SGT
BIP Asia Forum Fosters Innovation, R&D Commercialisation  
Nov 22, 2018 16:30 HKT/SGT
Fujitsu: International Standards Adopted by ITU-T to Address Soft Errors Affecting Telecommunication Equipment  
Nov 22, 2018 16:11 HKT/SGT
Suprema named to world's top 50 security companies, sole dedicated biometrics provider in 2018 A&S Security 50 Rankings  
Nov 22, 2018 12:30 HKT/SGT
NEC Energy Solutions Awarded Two Projects Totaling 19MW from Gore Street Energy Storage Fund Plc. Portfolio  
Nov 21, 2018 23:36 HKT/SGT
Jacobson Pharma Announces FY2019 Interim Results  
Nov 21, 2018 22:43 HKT/SGT
Asian Logistics and Maritime Conference Closes  
Nov 21, 2018 18:00 HKT/SGT
Suprema ID to intro world's slimmest FAP30 fingerprint scanner at Trustech 2018  
Nov 21, 2018 13:30 HKT/SGT
NutraFuels, Inc. (NTFU) Makes Strides to Becoming Fully-Integrated in the Hemp-Derived CBD Sector, Forms Strategic Partnership with Maryland Based Botanical Products Processor  
Nov 21, 2018 08:00 HKT/SGT
More Press release >>
 News Alerts
Copyright © 2018 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 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: