Freezing injunction against Greencool’s ex-chairman extended pending SFC proceedings

14 Nov 2014



The Court of First Instance today granted an order for the interim freezing injunction against Mr Gu Chujun (Gu), the former chairman and chief executive officer of Greencool Technology Holdings Limited, to continue until the conclusion of the section 213 proceedings commenced by the Securities and Futures Commission (SFC) against Gu in June 2014 (Note 1).

The interim freezing injunction restrains Gu from disposing of his assets, in the form of 107,290,000 shares in Hisense Kelon Electrical Holdings Limited, held in the name of several individual and overseas corporate third parties, up to the value of $1.2 billion.

End

Note:

1. Please see the SFC’s press releases dated 23 June 2014, 18 July 2014, 8 August 2014 and 30 October 2014.



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