MMT fines Magic Holdings International Ltd and directors HK$4m, DQs them for 8-24 months
SFC
SFC, 11-Mar-2021
The company was taken private in 2014.
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MMT finds Magic Holdings International Ltd and 5 directors culpable of late disclosure on L'Oreal privatisation bid
SFC, 25-Mar-2020
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SFC takes Magic Holdings (delisted) and its directors to MMT
SFC, 15-May-2018
The SFC alleges that the respondents failed to promptly disclose Inside Information on the L'Oreal takeover talks after it began leaking to the market, causing a gradual escalation of the price. If the SFC succeeds, those who sold early without the benefit of that information may bring claims against the respondents for compensation. Meanwhile, we wonder whether the SFC will unmask anyone who dealt on the information.