Gate News message, April 28 — Hong Kong Exchanges and Clearing Limited (HKEx) issued a public censure and statement condemning Datang Group Holdings Limited (delisted, former code: 2117), as well as Didi Wu, the company’s executive director and chairman at the time of delisting, and Weiping Liu, the company’s senior management member and vice president at the time of delisting.
According to HKEx’s investigation, the company engaged in a land compensation transaction worth RMB 1.76 billion with the Chinese government through its subsidiary in 2022, and provided financial assistance totaling RMB 1.03 billion to its controlling shareholder and connected entities. These actions violated Chapter 14 (Major Transactions) and Chapter 14A (Connected Transactions) of the Listing Rules respectively.
The company, Wu, and Liu did not contest the violations or their responsibility under the Listing Rules and have accepted the sanctions imposed.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock's $2.5B BUIDL Fund Debuts on Major Crypto Exchange with Standard Chartered Custody
Gate News message, April 28 — BlackRock Inc. has launched its approximately $2.5 billion USD Institutional Digital Liquidity Fund (ticker BUIDL) on a major cryptocurrency exchange, with Standard Chartered Plc serving as the regulated custodian of the underlying assets. The move signals deepening
GateNews1m ago
Peak XV Completes MobiKwik Exit, Sells 7.7% Stake for $13.8M
Gate News message, April 28 — Peak XV Partners sold its remaining 7.7% stake in Indian fintech firm One MobiKwik Systems for 1.3 billion rupees (US$13.8 million) on April 28, completing its full exit from the company.
The sale covered approximately 6.08 million
GateNews31m ago
Block Inc. Discloses 28,355 BTC Holdings Worth $2.2 Billion in Q1 Proof-of-Reserves Report
Gate News message, April 28 — Block Inc., the fintech company led by Jack Dorsey and home to Square and Cash App, published its first-quarter proof-of-reserves report on Monday, disclosing total bitcoin holdings of 28,355 BTC, worth approximately $2.2 billion as of the end of March 2026. The report,
GateNews1h ago
Amber Premium FZE Receives VASP License from Dubai's VARA
Gate News message, April 28 — Amber International Holding Limited (Nasdaq: AMBR) announced that its Dubai subsidiary, Amber Premium FZE, has received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). The license authorizes Amber Premium to
GateNews1h ago
21Shares Launches Physically Backed Dogecoin ETP on Xetra, Expanding Institutional Access in Europe
Gate News message, April 28 — Swiss crypto investment firm 21Shares has listed a physically backed Dogecoin exchange-traded product (ETP) on Xetra, Germany's premier electronic trading platform operated by Deutsche Börse. The listing marks a significant expansion of institutional access to DOGE
GateNews1h ago
CoWoS wafer average pricing breaks $10,000, advanced packaging becomes TSMC’s new profit engine
The AI wave is turning advanced packaging into a new profit engine for semiconductors. A single CoWoS die is about $10k, roughly equivalent to a 7nm process, and its gross margin potential is increasing. TSMC is shifting its focus to system-level integration and 2.5D/3D stacking; in 2025, packaging will account for about 10% of revenue, with capacity of 1.3 million in 2026 and 2 million units in 2027. EMIB is gradually taking market share due to its cost and flexibility advantages, but bandwidth is limited; CoWoS faces issues such as mask stitching and waste in the interposer layer. In the future, the landscape will be led by training-focused CoWoS, with EMIB used for inference/ASIC, as packaging layouts are being reshaped.
ChainNewsAbmedia1h ago
