Hong Kong-listed Landing International Development Limited has distanced itself from a potential business partner which it says made a series of false allegations suggesting Landing supported its issuance of cryptocurrency.
In an announcement on Thursday, Landing – which operates Korean integrated resort Jeju Shinhwa World – said it had recently become aware that a company called HK Shenhua World Blockchain Tech Development Limited had uploaded photos and documents belonging to Landing to HK Shenhua World’s website. In the announcement, Landing also said that HK Shenhua World had made “a number of false allegations and references concerning the Group [Landing] in purported support of its business concerning the issue of cryptocurrency or digital token.”
The website in question features an aerial image of Jeju Shinhwa World on its home page plus various other maps and images of the property.
Landing revealed that it had entered into two non-binding MoUs with HK Shenhua World Blockchain Tech Development Limited relating to potential collaborations on property development but that no binding agreements had been reached and that there was no existing business relationship or binding agreement with the company.
In particular, Landing stressed that it “does not recognize, accept nor endorse any cryptocurrency or digital token issued or to be issued by the Entity Group”, that it “refutes each and every one of those false and misleading contents” contained on the website in question and that it had not authorized the use of its names, logos, trademarks, photos or other information.
“The Group shall take all such actions, including but not limited to legal action and reporting the matter to the relevant authorities, as may be necessary to protect and maintain the Group’s good name and reputation,” it said.