Chung Nam Securities & responsible officers fined HK$1.3m re PCCW trades
SFC, 26-Aug-2010
This relates to the vote-rigging of the headcount in PCCW's privatisation exposed by Webb-site in 2009. The judge in the Court of First Instance said "I agree with the submission of the SFC that there are sufficiently cogent reasons to infer that the 132... persons in whose names the single board lots were acquired through Chung Nam...did so as a result of a plan devised by Eugene Chuang...to boost the head-count...The purchase of 125 single board lots would appear to have been financed by Eugene Chuang".
Orgs
People
Chung Nam Securities Ltd, Ng Kwai Cho & Cheng Wai Chung v SFC
SFAT, 26-Aug-2010
Orgs
People
SFC suspends registrations of Messrs Cheng Wai Chung, Tan Kin Kwok & Chan Fan Tat