DISGRACED former legislator Tai Chin-wah has been asked to distance himself from his family-run listed company, Gold-Face Enterprises.
Gold-Face issued 150 million shares at $1.02 each and the shares will commence trading on Friday.
In the company's prospectus it is stated that he resigned as a director of Gold-Face on July 28 and no longer has any influence over its financial operations and decisions.
The clarification was made on the request of the stock exchange, said Tai Chi-wah, the managing director of Gold-Face and brother of the former legislator.
''He [Tai Chin-wah] can be a company director, but cannot be a director of a public company,'' Mr Tai said.
In addition, consent from the exchange will be sought if the former legislator is to be employed by the company in the future, according to the prospectus.
Mr Tai explained that according to the Companies Ordinance, his brother was not able to be a director of listed companies because of his criminal record. In March, he was sentenced to six months in prison for possessing forged documents and making a false declaration about his legal credentials.