Seapower told to clarify allegations

THE Stock Exchange is demanding that Seapower companies and group head Francis Yuen make a public statement to clarify serious allegations made in documents leaked to the press on Tuesday.

Head of listing Herbert Hui said last night: ''The allegations are of a serious nature and we take the matter extremely seriously.'' Should the allegations prove true they would represent the biggest scandal in Hong Kong since the conviction of former Stock Exchange chairman Ronald Li in October 1990.

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