MMT finds Cynthia Chen Si Ying, ex-CoSec of Dan Form (0271), and her Mainland associate Wen Lide, culpable of insider dealing
SFC
SFC, 17-Jul-2025
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MMT sanctions chauffeur and wife for insider dealing in Dan Form (0271) shares and orders disgorgement of illicit profit
SFC
SFC, 21-Jan-2025
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SFC starts MMT proceedings over suspected insider dealing in Asiasec Properties (0271)
SFC
SFC, 23-Apr-2024
Company secretary Cynthia Chen Si Ying allegedly dealt in the shares via her relatives before the takeover by Tian An China (0028). Also, a driver employed by Tian An parent Allied Group Ltd (0373) and his wife allegedly dealt. Interestingly, to discuss the takeover, Tian An Chairman Lee Seng Hui (referred to by the driver as the "eldest young master") took a trip to Beijing with middle-man Kin Chan of Argyle Street. Whom did they see there? Finally we note that the MMT notice was dated 29-Feb but it has taken 54 days for the SFC to announce this.
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HK Judge misreads HK company law
HK Court of First Instance, 09-Oct-2020
Justice Linda Chan rejects the Allied Props (0056) privatisation, partly because of the voting headcount. Neither she nor Senior Counsel William Wong, leading 2 more barristers, realise that the headcount on privatisations was scrapped years ago. She also dislikes that part of the payout was coming from Allied Properties itself, and there would be no such dividend if the scheme was rejected. The offer was at a 66% discount to NAV but was 99% approved as minority shareholders again threw in the towel, which says something about the state of corporate governance in HK.
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Ge Qingfu & others v L & A (8195) and various directors
HK Court of First Instance, 17-Dec-2018
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人物
Acropolis Ltd & Jones Chan Siu Chung v Aeso (8341) & others
HK Court of First Instance, 31-Aug-2017
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Takeovers Panel upholds ruling on offer for L & A (8195)