Macau | FIA is the one to blame for the smallest F3 grid ever
| 09:00am
Macau Opinion | What could be done to attract more local Macau drivers to compete in the Macau Grand Prix?
| 18 Nov
Macau | "It’s a sad ending” - Glenn Irwin, winner of Motorcycle Grand Prix
| 18 Nov
Macau | British driver Daniel Hegarty died after accident at Motorcycle Grand Prix
| 18 Nov
Macau | Breaking News: Motorcycle driver Daniel Hegarty taken to hospital after crash - Grand Prix
| 18 Nov
Macau | Mehdi Bennani wins FIA WTCC Opening Race
| 18 Nov
Macau | Edoardo Mortara wins in tumultuous FIA GT Cup qualification - Grand Prix
| 18 Nov
Macau | FIA GT Cup suspended after huge pile up crash at Police Bend
| 18 Nov
Australia returns ancient Aboriginal remains for outback burial
| 18 Nov
Macau | Calum Ilott wins FIA F3 World Cup Qualifying race - Grand Prix
| 18 Nov

Central Steel license abolished

The Court of Final Appeal last week turned down an appeal from Central Steel (Macao Commercial Offshore) Ltd (CSM) attempting to overturn the government’s abolition of its license. CSM is a subsidiary of Hong Kong-listed company – China Metal Recycling (Holdings) Ltd (CMR). The Securities and Futures Commission of Hong Kong discovered that CMR had […]

The Court of Final Appeal last week turned down an appeal from Central Steel (Macao Commercial Offshore) Ltd (CSM) attempting to overturn the government’s abolition of its license. CSM is a subsidiary of Hong Kong-listed company – China Metal Recycling (Holdings) Ltd (CMR). The Securities and Futures Commission of Hong Kong discovered that CMR had been falsifying the majority of its annual revenue figures and official documents from 2007 to 2012. In the meantime, CSM was penalised by the Macao Trade and Investment Promotion Institute for the late submission of its annual audited financial report, despite the fact that the company had been granted extended time for the submission.
Moreover, CSM was not able to submit its financial statements during its appeal at the Court of Final Appeal, as required by the offshore business law.

OPINION

543 POSTS0 COMMENTS
224 POSTS0 COMMENTS
185 POSTS0 COMMENTS
103 POSTS0 COMMENTS