FingerTango, Inc. (HK:6860) has released an update.
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FingerTango, Inc. has disclosed financial assistance agreements involving loans totaling HK$140 million to various borrowers within a short time frame. The transactions, initially exempt from disclosure under Hong Kong’s Listing Rules due to their individual sizes, were later found to be interconnected and should have been reported in aggregate. The oversight, attributed to management’s failure to recognize the relationships between the borrowers and loan recipients, resulted in a breach of disclosure requirements.
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