SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED 申萬宏源證券(香港)有限公司
SFC commences MMT proceedings against Ding Yi Feng former chairman over suspected market manipulation
| Notice to MMT
SFC, 27-Mar-2024
Rather strangely, the SFC's notice to the MMT was dated 16-Aug-2023 but has only now been uploaded to the MMT website (the PDF was created on 26-Mar-2024) and announced by the SFC. Why the delay?
SFC, 27-Mar-2024
Rather strangely, the SFC's notice to the MMT was dated 16-Aug-2023 but has only now been uploaded to the MMT website (the PDF was created on 26-Mar-2024) and announced by the SFC. Why the delay?
SFC sues ex-Chairman of Ding Yi Feng (0612) and 20 others for market manipulation, seeks compensation for investors
SFC, 26-Feb-2024
The action comes just 3 days before the 6-year limit for civil actions under the Limitation Ordinance. Presumably, criminal charges for market manipulation will not be brought, perhaps because the individuals are not in HK. The SFC has filed a Writ of Summons at the court but has not published it online, and the court registry is not online.
SFC, 26-Feb-2024
The action comes just 3 days before the 6-year limit for civil actions under the Limitation Ordinance. Presumably, criminal charges for market manipulation will not be brought, perhaps because the individuals are not in HK. The SFC has filed a Writ of Summons at the court but has not published it online, and the court registry is not online.
SFC issues restriction notices to 9 brokers freezing client accounts linked to suspected market manipulation of China Ding Yi Feng (0612) shares
SFC, 20-Mar-2019
We note that the Gazette Notices published on 29-Mar-2019 do not attach the normal "Statement of Reasons" that they refer to.
SFC, 20-Mar-2019
We note that the Gazette Notices published on 29-Mar-2019 do not attach the normal "Statement of Reasons" that they refer to.
Arcelormittal v China Oriental (0581) & others
HK Court of First Instance, 14-Sep-2018
The court rejects an application for discovery on the Jan-2017 placing of new shares which restored the public float and allowed the suspension to be lifted. China Oriental refuses to disclose the identity of the placees. Our take: the public float could have been restored without a placing, by issuing bonus shares with an alternative of non-voting convertible shares and having the two controllers elect to receive those, thereby reducing their voting weight and restoring the float. Several other companies have done so, including Sunevision (1686).
HK Court of First Instance, 14-Sep-2018
The court rejects an application for discovery on the Jan-2017 placing of new shares which restored the public float and allowed the suspension to be lifted. China Oriental refuses to disclose the identity of the placees. Our take: the public float could have been restored without a placing, by issuing bonus shares with an alternative of non-voting convertible shares and having the two controllers elect to receive those, thereby reducing their voting weight and restoring the float. Several other companies have done so, including Sunevision (1686).
ZJW v SY
HK District Court, 21-Sep-2016
Mr Sun Yan, a former HK-listed company director who now works for a subsidiary of Burwill (0024), succeeds in showing that he has no substantial connection with HK, so the divorce petition by his wife Zhou Jianwu is dismissed. Both are based in Shenzhen. Mr Sun is involved in a claim in HCA 813/2014 which involves over HK$337m of assets held by Superb Jade Ltd, which is owned by his wife's brother. Mr Sun claims beneficial ownership.
HK District Court, 21-Sep-2016
Mr Sun Yan, a former HK-listed company director who now works for a subsidiary of Burwill (0024), succeeds in showing that he has no substantial connection with HK, so the divorce petition by his wife Zhou Jianwu is dismissed. Both are based in Shenzhen. Mr Sun is involved in a claim in HCA 813/2014 which involves over HK$337m of assets held by Superb Jade Ltd, which is owned by his wife's brother. Mr Sun claims beneficial ownership.
Sun Yan v Superb Jade Ltd & others
HK Court of First Instance, 23-Oct-2015
A dispute over the beneficial owner of securities and cash held by Superb Jade Ltd worth as much as HK$300m. Mr Sun Yan is based in Shenzhen but has been a director of various HK-listed companies. He has posted HK$1m as security for costs, which the court rules is adequate given that the defendants still hold the assets which are frozen under a Mareva injunction. Superb Jade is owned by Lin Li Dong, the brother of Sun's wife, Zhao Jianwu.
HK Court of First Instance, 23-Oct-2015
A dispute over the beneficial owner of securities and cash held by Superb Jade Ltd worth as much as HK$300m. Mr Sun Yan is based in Shenzhen but has been a director of various HK-listed companies. He has posted HK$1m as security for costs, which the court rules is adequate given that the defendants still hold the assets which are frozen under a Mareva injunction. Superb Jade is owned by Lin Li Dong, the brother of Sun's wife, Zhao Jianwu.
SFC reprimands Shenyin Wanguo Securities (HK) Ltd for internal control inadequacies
SFC, 21-Dec-2005
SFC, 21-Dec-2005
SFC suspends Mr Weng Yi Jiong for 1 month for failings re operation of client account by third party
SFC, 7-Mar-2005
SFC, 7-Mar-2005
SFC suspends Ms Anne Luk Sze Man for 3 months for ignoring possibly illegal and improper trades
SFC, 5-May-2003
SFC, 5-May-2003
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