Op risk data: HK gets tough on takeover in $200m takedown
Also: Bank staff steal state funds in India; Vanguard settles US net zero lawsuit. Data by ORX News
In February’s largest loss event, Chow Tai Fook Group agreed to a settlement of up to $191.9 million over breaches of takeover regulations by its subsidiaries Sino Wealth International and Clear Prosper Global in acquiring 30% of the shares of Giordano International. The Hong Kong Securities and Futures Commission found that Sino Wealth failed to make a general share purchase offer when it
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