Tuesday, September 11, 2012

Court threat in China Flavors dispute





A row among the three brothers who founded and operate Hong Kong-listed China Flavors and Fragrances has intensified and could lead to legal action.


Chief executive Wang Mingfan has moved to oust his two elder brothers from key positions at a major subsidiary.


In a filing with the Hong Kong stock exchange yesterday, Wang said the board had approved two resolutions, on August 2 and September 3, to remove Wang Mingyou, his eldest brother, as a director of the group's subsidiary Shenzhen Boton and Wong Mingbun, another brother, as the unit's chairman.









via Business feed http://www.scmp.com/business/companies/article/1033733/court-threat-china-flavors-dispute

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