SFC Fines Value Partners $4 Million
SFC has fined Value Partners Limited and Value Partners Hong Kong Limited $2 million respectively for failures to comply with regulatory requirements in managing two SFC authrozied funds.
The SFC found that the two funds, namely, Value Partners China Greenchip Fund Limited (Greenchip Fund) and Value Partners Greater China High Yield Income Fund (High Yield Fund), had issued shares in excess of their authorized share capital as provided in their Memorandum and Articles of Association.
News Source: SFC Press Release
About Value Partners Group
At Value Partners, we have been adhering to “value investing principles” since we were founded over 20 years ago. While our core businesses are deeply rooted in the Greater China region, we are constantly seeking to extend our presence internationally. In addition to Hong Kong, we also have offices in Shanghai, Beijing, Chengdu, Taiwan, Singapore and London. In November 2007, Value Partners Group Limited (stock code: 806 HK) became the first asset management firm to be listed on the Hong Kong Stock Exchange.We offer a diversified asset management portfolio for both institutional and individual clients in Asia Pacific, Europe and the United States.
- Origin: Hong Kong
- Assets Under Management: US$13.2 billion
Official Website: https://www.valuepartners-group.com/en
News & Media: Press Release
Updated on 8th August 2016