Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information

enforcement

12 May 2021

The Market Misconduct Tribunal (MMT) has fined China Medical & HealthCare Group Limited, formerly known as COL Capital Limited (COL), and six of its former and current directors a total of $4.2 million for failing to disclose inside information as soon as reasonably practicable following proceedings brought by the Securities and Futures Commission (SFC).

Among the sanctioned directors, Mr Wong Peng Chong, former executive director, and Mr Kong Muk Yin, current executive director, were disqualified from being a listed company director by the MMT for eight and six months, respectively.

The rest of the sanctioned directors are Ms Chong Sok Un, executive director and former chairman, Mr Zhang Jian, independent non-executive director, Mr Ma Wah Yan and Mr Lau Siu Ki, both former independent non-executive directors.

Learn more here: https://bit.ly/3ol74YI