Hong Kong Stock Exchange Finds Andrew Lo Unfit After Tigre de Cristal Sale Controversy
The Hong Kong Stock Exchange (HKEX) has officially ruled that Andrew Lo Kai Bong, the chairman and majority shareholder of LET Group Holdings and Summit Ascent Holdings, is unfit to serve as a director or hold senior management positions within the companies or their subsidiaries. This decision follows Lo’s controversial attempts to sell the Tigre de Cristal casino in Russia, which triggered regulatory […]
The Hong Kong Stock Exchange (HKEX) has officially ruled that Andrew Lo Kai Bong, the chairman and majority shareholder of LET Group Holdings and Summit Ascent Holdings, is unfit to serve as a director or hold senior management positions within the companies or their subsidiaries. This decision follows Lo’s controversial attempts to sell the Tigre de Cristal casino in Russia, which triggered regulatory […]
