SFC freezes accounts at 2 brokers in suspected social media pump & dump
SFC
SFC, 09-Feb-2021
The SFC suspects 2 unnamed stocks were manipulated between Mar-Oct-2020. The Restriction Notices target HK$249.5m. This could relate to Skymission (1429) which collapsed 92.1% on 30-Oct, and the other may be Beng Soon Machinery (1987) which in our view is still a bubble.
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Skymission Group Holdings Limited Public Disciplinary Actions