enforcement
SFC and Police joint operation against a suspect of illegal short selling and fraudulent activities
June 1, 2023

The Securities and Futures Commission (SFC) and the Commercial Crime Bureau of the Police conducted a joint search operation resulting in the arrest of an individual based in Hong Kong for suspected illegal short selling and fraudulent activities. The individual was arrested on suspicion of dealing with proceeds from an [...]

enforcement
Licence applicant convicted of providing false information to the SFC
May 29, 2023

Mr Sze Chun Wai has been convicted by the Eastern Magistrates’ Courts for providing false and misleading information in his application for a license to the Securities and Futures Commission (SFC) in January 2021. He did not reveal that he had been barred from working in an industry due to [...]

enforcement
Exchange’s Disciplinary Action against CT Vision S.L. (International) Holdings Limited (Stock Code: 994)
May 25, 2023

The Stock Exchange of Hong Kong Limited has censured against CT Vision S.L. (International) Holdings Limited (Stock Code: 994) for making fund transfers of approximately $114 million to Dr. Kan Hou Sek Jim, the former executive director of the Company and the director of the subsidiary, and his related parties [...]

enforcement
SFC obtains disqualification orders against former directors of Luxey International (Holdings) Limited
May 25, 2023

The Securities and Futures Commission (SFC) has secured disqualification orders against two former directors of Luxey International (Holdings) Limited for their misconduct in relation to a corporate acquisition. The directors, Mr Joseph Lau Chi Yuen and Mr Chung Man Wai, have been banned from both directly and indirectly managing and [...]

enforcement
Ramp-and-dump suspect arrested for breaches of court bail conditions
May 22, 2023

Ms. Tse Yiu Chung, who is facing charges related to “ramp-and-dump” schemes, has had her bail conditions tightened by the Eastern Magistracy. This decision was made after the Securities and Futures Commission (SFC) discovered that she had given an incorrect residential address. When Tse was brought to court, it was [...]

enforcement
SFC reprimands and fines China On Securities Limited $6 million for failures as share placement agent
May 22, 2023

The Securities and Futures Commission (SFC) has fined China On Securities Limited (China On) $6 million for its failures as a placing agent in a share placement. China On was appointed as the placing agent by the majority shareholder of Hon Corporation Limited to procure subscribers for shares representing up [...]

enforcement
Announcement – Genting Hong Kong Limited (In Liquidation) (incorporated in Bermuda with limited liability) (Stock Code: 678) Cancellation of listing
May 12, 2023

The Exchange has announced that it will cancel the listing of the Company’s shares as trading has been suspended since January 2022 and the Company has ceased its business operations. The Company’s liquidators have confirmed that there is no viable plan to address its insolvency and resume business operations, and [...]

enforcement
Exchange’s Disciplinary Action against KEYNE LTD (Formerly Known as Nine Express Limited) (Stock Code: 9) and Six DirectorsExchange’s Disciplinary Action against KEYNE LTD (Formerly Known as Nine Express Limited) (Stock Code: 9) and Six Directors
May 11, 2023

The Stock Exchange of Hong Kong Limited has censured Keyne Ltd (formerly known as Nine Express Limited) and several directors, including Ms Qian Ling Ling (chairman and executive director), Mr Zhang Li (executive director and chief executive officer), Mr Xiang Junjie (executive director), Mr Tang Ping Sum (independent non-executive director), [...]

enforcement
Announcement – In relation to the matter of China Digital Culture (Group) Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8175) Cancellation of listing
May 5, 2023

The Exchange has announced that the Company’s shares will be removed from trading on May 9, 2023, in accordance with GEM Rule 9.14A. As trading in the Company’s shares has been suspended since April 1, 2021, the Exchange has the authority to delist a company if trading does not resume [...]

enforcement
Exchange’s Disciplinary Action against Four Directors of Arta TechFin Corporation Limited (Stock Code: 279) (Formerly Known as Freeman FinTech Corporation Limited)
May 5, 2023

The Stock Exchange of Hong Kong has taken action against several former executive directors of a money lending business that was mismanaged. Mr. Wang Xiaodong received a Director Unsuitability Statement in addition to a public censure, meaning he is deemed unsuitable to hold a position as a director or in [...]