$BEST MART 360 (02360.HK)$ The company has announced that its shares will resume trading at 9am today (19/8/2024).
Best Mart 360 announced that Mr. Xu Zhiqun, executive director and group CEO under investigation for alleged offenses including the Prevention of Bribery Ordinance (Chapter 201 of the Laws of Hong Kong), has been arrested by the Independent Commission Against Corruption (ICAC) on August 15, 2024 and informed the board of director on August 16, 2024. Mr. Xu has not been charged.
According to the information currently available to the Board of Directors, the Board believes that the incident is unrelated to the Group, and the arrest has not had a significant adverse impact on the Group's business and operations, which remain normal. In addition to the above disclosure, the Board of Directors is not aware of any other undisclosed inside information. The Company's shares will be suspended from trading on the Stock Exchange of Hong Kong on Friday, August 16, 2024, from 1:00 pm onwards.