Khoon Group distances operations from legal action over controlling shareholder’s assets
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Khoon Group Limited has clarified that it is not involved in legal proceedings concerning its controlling shareholder, Mr. Chen Zhi, whose personal assets are under a High Court restraint order. The company stated that the matter pertains to Mr. Chen's assets and does not affect Khoon Group's operations or financial position. The board will continue to monitor the situation and provide updates as necessary, adhering to Hong Kong listing regulations. Khoon Group is a Hong Kong-listed company with Mr. Chen holding 55% of its shares.
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