15 Feb 2012

Two Chinese-owned shops in Samoa forced to close

7:40 am on 15 February 2012

Samoa's Ministry of Commerce, Industry and Labor has closed down two businesses owned by Chinese investors after an inquiry found misleading records relating to share holders records, the transfer of shares and business licenses.

The assistant chief executive officer heading the division of the registry of companies and intellectual properties, Margret Fruean, says the business owners have admitted to operating their business for two years without a license.

She says an inquiry found that one of the Massah's company new director is under age which is unlawful.

The legal age of a business director is 21.

Last week, another Chinese business investor was deported for providing misleading financial statements.