SFC updates freeze on shares of New Ray Medicine (6108) held by ex-Chairman Mr Zhou Ling
HK Gazette, 08-Mar-2024
His shares were moved on 5-Jan-2024 from custody of China Gather Wealth Financial Co Ltd to Minerva Holding Financial Securities Ltd following closure of the former's brokerage business.
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SFC sues New Ray Medicine (6108) and its former top executives
SFC
SFC, 30-Nov-2020
NRM is a company in our "Enigma Network".
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A New Ray of light on an Enigma Network case
Webb-site.com, 26-Oct-2020
A decision quietly posted on the SFAT website reveals that Zhou Ling, ex-Chairman of New Ray Medicine (6108) is suspected by the SFC to have committed "misconduct and obtained secret profits from certain transactions" by NRM. Earlier gazetted Restriction Notices on a client at 2 brokers now make sense - the SFC has reduced disclosure in that area so much as to make the publication meaningless.
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SFC issues restriction notices to two brokerages to freeze accounts of client involved in suspected corporate misconduct
SFC
SFC, 14-Aug-2020
There's no disclosure of the listed company involved. Our database records that both of the brokers acted as placing agents to companies in the "Enigma Network" up to 2016. The brokers are not under investigation, but an individual client is suspected of breaching his duties to a listed company. The Notices are remarkably brief, no longer referring to a "Statement of Reasons", which the SFC has stopped publishing anyway, probably because we kept figuring out the identities of persons involved. The "specified amount" involved is not disclosed either.
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Bubbles and troubles in Hong Kong
Webb-site.com, 24-Sep-2015
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action.