Styland Holdings Limited (HK:0211) has released an update.
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Styland Holdings Limited’s subsidiary, Ever-Long Securities, has been fined HK$3 million following a reprimand by the Securities and Futures Commission for its role as a sole sponsor in a failed listing application. Despite the fine, the financial impact on Styland is minimal, and the company has made significant management changes in Ever-Long to ensure future compliance with regulations. The Group remains committed to adhering to legal standards crucial for its operations.
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