SFC obtains court order to freeze assets of suspected insider dealers of I.T Limited shares


The Securities and Futures Commission (SFC) has obtained an interim injunction order from the Court of First Instance against Ms. Tsang Ching Yi and Mr. Barry Kwok Sze Lok, prohibiting them from removing assets worth up to $8,246,496 from Hong Kong. This order is related to an ongoing investigation into suspected insider dealing in the shares of I.T Limited. The SFC alleges that Tsang shared insider information with Kwok, which they used to buy and sell I.T shares for a profit of $4,123,248. Tsang and Kwok have left Hong Kong and attempted to remove their assets from the country. The SFC obtained the freezing order to prevent them from transferring their assets and to ensure future orders can be fulfilled if they are found liable for insider dealing.

resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR44


Learn with us in small steps

Find out more about us