Announcement By
Premier Capital Limited
In June 2018, the Hong Kong Police requested assistance of our Company, Premier Capital Ltd. (hereinafter referred to as “The Company”), our Chairman of the Board, Mr Philip Kin Lap Leung (hereinafter referred to as “Mr. Leung”) and several senior executives of the Company in the investigation of a complaint regarding the purchase of Houston USA property investments by some investors. After a prolonged and in-depth investigation, the police had confirmed that there was no evidence to support the allegations made by those investors against the Company. The written confirmation by the Hong Kong Police is sufficient proof that there was no wrong doing by the Company. Regrettably, the incident was inaccurately reported by the online media FACTWIRE NEWS AGENCY (hereinafter refer to as “FACTWIRE”) in their article published on 14 January 2019. This false and misleading publication by FACTWIRE has now become libelous for the decision of no case by the police and created a far-reaching negative impact on the creditability of the Company. FACTWIRE also circulated the said article to other media, which has caused serious damage to the goodwill of the Company as well as the reputation of Mr. Leung.
The Company hereby announces and clarifies that: Premier Capital Limited, Mr. Leung and the Company’s senior management are innocent and have never been prosecuted in relation to the complaint.
The Company’s legal representative has written to FACTWIRE to demand the removal of the inaccurate article. However, FACTWIRE has already ceased operation and is liquidated by the Companies Registry. The Company reserves its right to take legal action against any person or organization who reprints, circulates, re-posts or by whatever means publishes the said libelous article.
Premier Capital Limited
13 March 2023