HONG KONG, July 8 |
HONG KONG, July 8 (Reuters) – Birmingham International
Holdings Ltd , English football club operator, said its
chairman’s alleged offences were in no way related to the
company or to Birmingham City Football Club.
Trading in the Hong Kong-listed company’s shares, suspended
since June 30, will remain suspended pending a statement
regarding the incident and the company’s financial position, it
said in a filing to the Hong Kong bourse late on Thursday.
Birmingham said Chairman Carson Yeung’s “alleged dealings
ith property known or believed to represent proceeds of an
indictable offence” were not related to the company nor to the
Football Club.
Last week, English soccer club owner Carson Yeung was
released on bail of HK$7 million ($950,000) after being charged
with money laundering by a Hong Kong court. The trial was
adjourned until August 11.
Shares of Birmingham have fallen 22 percent so far this
year, against a 2 percent drop in Hang Seng Index .
(Reporting by Donny Kwok; Editing by Anshuman Daga)