Hong Kong protesters face off with police in mall protests
December 21, 2019, 10:38 am

Hong Kong protesters face off with police in mall protests

A protester attends a Human Rights Day march in the district of Central in Hong Kong. (File photo:Reuters)

Hong Kong riot police swept into several shopping malls on Saturday, chasing off and arresting some anti-government Hong Kong demonstrators who had gathered to press their demands in the peak shopping weekend before Christmas.

In a mall in Yuen Long, close to the China border, hundreds of black-clad protesters marked the five-month anniversary of an attack in a train station by an armed mob wearing white T-shirts which beat up bystanders and protesters with pipes and poles.

Police have been criticized for not responding quickly enough to calls for help, and for not arresting any alleged culprits at the scene. They later made several arrests and said the assailants had links to organized criminal gangs or triads.

The protesters demanded justice for the attack, shouting “Fight for Freedom” and “Stand with Hong Kong.”

“The government didn't do anything so far after 5 months ... I deserve an answer, an explanation,” said a 30-year-old clerk surnamed Law.

“Yuen Long is no longer a safe place ... and we all live in white terror when we worry if we will be beaten up when dressing in black.”

As dozens of riot police stormed into the mall to chase protesters off, a sushi restaurant had its window smashed and shops were forced to close.

Protests in Hong Kong are now in their seventh month, albeit in a relative lull. Residents are angry at what they see as China’s meddling in the city's freedoms guaranteed under the “one country, two systems” formula when it returned to Chinese rule in 1997.

Many are also outraged by perceived police brutality and are demanding an independent investigation into allegations of excessive force. Other demands include the release of all arrested demonstrators and full democracy.

On Friday night, police arrested a man who fired a single shot with a pistol at plainclothes officers in the northern Tai Po district. No one was injured.

A search of a nearby flat revealed a cache of weaponry including a semi-automatic rifle and bullets. Steve Li, a senior police officer on the scene, told reporters the police had information that the suspect planned to use the pistol during a protest to “cause chaos and to hurt police officers.”

In Tsim Sha Tsui on Saturday, groups of protesters also converged on a mall popular with mainland Chinese luxury shoppers.

“We can't celebrate Christmas when our city is taken over by the police. When you see the police outside the mall, do you feel like shopping for presents?” said Bob, 17, a protester.

source: Reuters

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.