Jun Yang Securities Company Limited 君陽證券有限公司

SFC commences legal proceedings against First Credit Finance (8215), its former directors and de facto director Roy Cho Kwai Chee
SFC, 22-Nov-2023
FCF is a member of our 2017 Enigma Network. The SFC alleges that in 2016, Roy Cho Kwai Chee was a de facto director and also a recipient of new shares in a placing and, with his brother Kevin Cho Kwai Yee, took up unsubscribed shares in a massive 9:1 rights issue. We note that the placing agent was Jun Yang Securities, owned by network member Jun Yang Financial (0397), now known as Minerva Group. The rights issue underwriter was Astrum Capital Management Ltd.

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