February 14, 2018 / 9:22 AM / 10 days ago

BRIEF-Infotmic's Chairman Arrested By Police, Controlling Shareholder's Shares To Be Auctioned

Feb 14 (Reuters) - Infotmic Co Ltd:

* SAYS CHAIRMAN CHEN ZHICHENG IS UNABLE TO PERFORM DUTY AS HE HAS BEEN ARRESTED BY POLICE FOR ALLEGED BILL FRAUD

* SAYS LOCAL COURT RULED TO AUCTION 106.3 MILLION SHARES OWNED BY CONTROLLING SHAREHOLDER ON MARCH 14-15, WHICH MAY LEAD TO COMPANY'S OWNERSHIP CHANGE Source text in Chinese: bit.ly/2o975k6 Further company coverage: (Reporting by Hong Kong newsroom)

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