DBA Telecommunication (Asia) Holdings Limited provides intelligent payment services in China. The company owns and operates smart payment terminals nationwide.
The SFC alleges that the financial statements had not been agreed by the auditors as required under the Rules Governing the Listing of Securities on the SEHK (the Listing Rules). DBA’s statement in the results announcement that the financial statements had complied with the applicable disclosure provisions of the Listing Rules was therefore false and misleading in a material particular. The SFC also prosecuted DBA’s former director Mr Chan Wai Chuen for making a false or misleading statement for his alleged involvement in the offence.
Securities and Future Commission (SFC): DBA Telecommunication (Asia) Holdings Limited convicted of making false or misleading announcement, 28 Jun 2018
DBA Telecommunication: Annual Report, 10 Dec 2016