BUSINESS DIGEST

SFC seizes Qunxing property, documentsThe Securities and Futures Commission executed a search warrant at the Hong Kong office of Qunxing Paper on Thursday and seized company property and documents including accounting records, the firm said.mini storage On the same day, the SFC obtained from the High Court an injunction prohibiting the sale of assets of Qunxing and its unit, Best Known Group, worth up to HK$1.97 billion. The regulator has launched legal proceedings against Qunxing and Best Known, alleging Qunxing had breached several provisions of the Securities and Futures Ordinance. It is also asking the court to direct t迷你倉e firm to offer to buy back all its shares and warrants. Qunxing said it had engaged lawyers for the legal proceedings. Toh Han ShihArtgo seeks HK$816m from share offerFujian-based marble miner Artgo Mining aims to raise net proceeds of HK$816 million from a Hong Kong flotation by selling 333.3 million new shares at HK$2.43 to HK$3.03 each. About 40 per cent of the proceeds will fund development of its Yongfeng mine and 30 per cent will finance construction of slab processing facilities. VMS Investment has agreed to buy HK$155 million of its shares. Bank of America Merrill Lynch is the global co-ordinator. Eric Ng文件倉