Convoy (01019) further instigates legal proceedings
Convoy Global (01019) said the company and two of its subsidiaries have further instigated legal proceedings in the High Court of Hong Kong against four defendants, namely Wong Lee Man, an executive director of Convoy whose duties are suspended, Mak Kwong Yiu Mark, Convoy Investment Services Limited (which is not a subsidiary of the Group) and Gransing Securities Co., Limited, in respect of, among others, breach of fiduciary duty and passing off, which had caused losses and damages to Convoy. Convoy added it will further investigate the matter, alongside various regulatory and enforcement authorities and continue to extend its assistance to them in relation to the relevant investigations. It does not rule out the possibility of joining additional defendants to the claim or instigating further legal action(s) in the future.
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