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On 22 April 2012, the Securities and Futures Commission ("SFC") announced that it revoked Mega Capital (Asia) Company Limited's ("Mega Capital") licence to advise on corporate finance and fined it HK$42 million for failing to discharge its duties as a sponsor in the listing of Hontex International Holdings Company Limited ("Hontex"
On 27 July this year, a sponsor was disciplined by the Securities and Futures Commission ("SFC") for failing to keep proper books and records of certain work that it had performed in the course of due diligence ("DD"
