SFC & ICAC: suspected market manipulation and corruption, 2 ex-directors of listed company arrested
SFC
SFC, 25-Jul-2025
The fact pattern fits China Zenith Chemical (0362), which was ordered to be wound-up in Mar-2025. The ex-Chairman of CZC is Foebe Chan Yuk. An ex-ED of CZC is Chin Chun Hin, who was an RO of brokerage Bloomyears, against which the SFC issued a Restriction Notice on 21-May-2025.
Orgs
People
SFC issues restriction notice to broker Bloomyears Ltd
SFC
SFC, 21-May-2025
The Restriction Notice, published in the Gazette on 30-May-2025, reveals suspected window-dressing of accounts with bounced cheques and possible dissipation of client assets.