The Hong Kong Securities and Futures Commission directed The Stock Exchange of Hong Kong Limited to suspend dealings in Silver Grant International Holdings Group Limited shares from 9 a.m. on Sept. 25, 2026. The action follows an investigation into approximately HKD 2 billion in unsecured loans granted between March 2021 and December 2023 and reflects concerns about the company’s financial position, market integrity and investor protection. The investigation found information suggesting that more than HKD 1 billion, or about 63% of the loans, was indirectly transferred through purported borrowers to Silver Grant’s then-major shareholder or a related party. This raised questions about the borrowers’ identities and the loans’ commercial purpose. The regulator also found evidence of insufficient due diligence and credit assessments, while Silver Grant failed to provide satisfactory explanations for granting the loans. The investigation remains ongoing.
2026-09-25Hong Kong Securities & Futures Commission
Hong Kong Securities and Futures Commission suspends trading in Silver Grant shares over concerns about HKD 2 billion in unsecured loans
The Hong Kong Securities and Futures Commission suspended trading in Silver Grant shares following an investigation into approximately HKD 2 billion in unsecured loans. Evidence suggests more than HKD 1 billion was indirectly transferred to the company’s then-major shareholder or a related party, while Silver Grant failed to address concerns about the loans’ commercial rationale and its credit assessments.