Chai-Na-Ta Corp. Announcement.Business Editors & Health/Medical Writers LANGLEY, British Columbia--(BUSINESS WIRE)--March 21, 2002 Chai-Na-Ta Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CC) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCCFF) has been informed that the five employees of Wai Kee Holdings Limited ("Wai Kee"), including Mr. William Zen, who is also Chairman of the Company, have been notified of their unconditional release from bail by the Independent Commission Against Corruption Several places have organisations called the Independent Commission Against Corruption:
ICAC Internet Crimes Against Children ICAC International Cotton Advisory Committee ICAC International Conference on Autonomic Computing ICAC Instituto de Contabilidad y AuditorÃa de Cuentas (Spain) ") in Hong Kong and no charges will be laid against any of them. Wai Kee, a Hong Kong-based publicly listed company, is the largest shareholder of Road King Infrastructure Limited (Road King), another Hong Kong-based publicly listed company, which has control of a majority of the outstanding shares of the Company. On March 22, 2001, the Company announced that five employees and one former employee of Wai Kee had been arrested and subsequently released on bail by the ICAC. On March 14, 2002, Wai Kee has been informed by the legal advisors to the five employees that the ICAC has granted them an unconditional release from bail. Wai Kee's announcement indicates that no charges will be laid against any of the five persons. Chai-Na-Ta Corp., based in Langley, British Columbia Langley, British Columbia can mean the following:
This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, the success of the Company's ongoing research programs, general business conditions, and other risks as outlined in the Company's periodic filings, Annual Report, and Form 20-F. |
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