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South China Morning Post
South China Morning Post
AsiaPac · 1 hrs ago
78◉ Centre
Hong Kong market regulator takes on ‘collection agent’ role for wronged investors
78Quality
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AI Analysis
Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline

Hong Kong's securities regulator is distributing HK$1.5 billion in compensation to Giordano International shareholders in the largest settlement of its kind, with hundreds of investors queuing to claim their share.

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Hong Kong market regulator takes on ‘collection agent’ role for wronged investors
On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central. But despite the loss of a pleasant weekend afternoon, none would be likely to consider it time wasted. They were there claim their fair share of HK$1.5 billion (US$191 million) owed to independent shareholders of Giordano International in the largest settlement on record by the city’s Securities and...
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