On January 27, the Hong Kong Stock Exchange announced it has taken disciplinary action against a former director of Skyfame Realty (Holdings) Limited (00059).

The Exchange issued a director unsuitability statement and a public censure against Mr. Yu Bin, the former executive director and chairman of Skyfame Realty.

As part of an investigation into whether the company and/or its directors had breached the Securities and Futures Ordinance, the Securities and Futures Commission (SFC) sent meeting and investigation notices, along with reminder emails, to Mr. Yu.

Mr. Yu failed to respond to the SFC's requests and inquiries.

Following a referral from the SFC, the Listing Division launched an investigation into whether Mr. Yu had failed to respond to the SFC and whether he had fulfilled his duties and responsibilities as required by the Listing Rules.

The Listing Division sent investigation letters and reminder letters to Mr. Yu.

Mr. Yu did not reply to the Hong Kong Exchange's inquiries.