Retail trader Christine Yeung Tak Sum jailed for 18 months for securities fraud via illegal short selling
SFC
SFC, 20-Mar-2024
The stock involved, then Aurum Pacific (China) Group Ltd, is now named Wuxi Life (8148).
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SFC secures first criminal conviction of securities fraud via illegal short selling
SFC
SFC, 27-Feb-2024
The stock involved, then Aurum Pacific (China) Group Ltd, is now named Wuxi Life (8148). The trial of Chrstine Yeung Tak Sum was due to start on 27-Feb but she changed her plea to guilty and is now in custody pending sentencing on 20-Mar-2024.
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Court sets trial date for employing a fraudulent scheme in securities transactions in illegal short selling case
SFC
SFC, 07-Nov-2023
Christine Yeung Tak Sum will be tried in the Magistracy for alleged illegal short selling with intent to defraud "with other people unknown".
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Censure/criticism of Optima Automobile (8418) and 3 directors
SEHK, 27-Jun-2023
For an IPO prospectus which failed to disclose a material adverse change before the offer, and for paying a huge "bonus" to underwriter Aristo Securities and a fee to "consultant" Mr Chong Soo Hoon, resulting in listing expenses equal to 76% of the IPO proceeds.