Tung Shing Securities (Brokers) Limited 東盛證券(經紀)有限公司
Mr Zhang Xiao Ming v SFC
SFAT, 18-Feb-2011
If you've ever wondered how some sponsors get to the required number of public shareholders for a listing, this ruling spells it out. 87 retail "clients" at the Wanchai Branch of ICEA Securities subscribed in the placing of Lang Chao (now Inspur, 0596) and then sold 8,712,000 shares for $0.005 more than the IPO price of $0.36 on the first day, to a company owned by the sponsor. The allotment results showed only 116 placees in total.
SFAT, 18-Feb-2011
If you've ever wondered how some sponsors get to the required number of public shareholders for a listing, this ruling spells it out. 87 retail "clients" at the Wanchai Branch of ICEA Securities subscribed in the placing of Lang Chao (now Inspur, 0596) and then sold 8,712,000 shares for $0.005 more than the IPO price of $0.36 on the first day, to a company owned by the sponsor. The allotment results showed only 116 placees in total.
SFC bans Gary Sik Siu Kwan for 4 months
SFC, 5-Jul-2010
Note: the only IPO sponsored by ICEA Capital in 2004 was Lang Chao International Ltd (then 8141, now Inspur International Ltd, 0596).
SFC, 5-Jul-2010
Note: the only IPO sponsored by ICEA Capital in 2004 was Lang Chao International Ltd (then 8141, now Inspur International Ltd, 0596).
SFC bans Mr Chen Wei, formerly of ICEA, for 4 months for misconduct
SFC, 17-Nov-2009
Note: the only IPO sponsored by ICEA Capital in 2004 was Lang Chao International Ltd (then 8141, now Inspur International Ltd, 0596)
SFC, 17-Nov-2009
Note: the only IPO sponsored by ICEA Capital in 2004 was Lang Chao International Ltd (then 8141, now Inspur International Ltd, 0596)
ICEA déjà vu
We look at the latest action by the SFC against ICEA, the second in three years, and also at the complicated structure of state-controlled banking giant ICBC in Hong Kong. (6-Jun-2008)
We look at the latest action by the SFC against ICEA, the second in three years, and also at the complicated structure of state-controlled banking giant ICBC in Hong Kong. (6-Jun-2008)
SFC resolves compliance issues with ICEA Capital Ltd & ICEA Securities Ltd, fines them HK$38m
SFC, 6-Jun-2008
SFC, 6-Jun-2008
Suspended jail term and HK$12,400 fine for market manipulator Mr Chan Tit Yuen
SFC, 5-Sep-2007
Once again the SFC encourages investors to believe that orders on a screen should give some kind of signal to the market. Any participant should be able to mask his intentions by posting orders in the opposite direction, or only displaying part of his supply or demand, as long as he is not trading with himself and is able to honour the orders if they are executed.
SFC, 5-Sep-2007
Once again the SFC encourages investors to believe that orders on a screen should give some kind of signal to the market. Any participant should be able to mask his intentions by posting orders in the opposite direction, or only displaying part of his supply or demand, as long as he is not trading with himself and is able to honour the orders if they are executed.
SFC prosecutes Mr Lam Ka Yuk for unregistered dealing and Mr Chan Kin Hung for aiding & abetting
SFC, 21-Oct-2003
SFC, 21-Oct-2003
SFC reprimands Mr Lau Chun Wai for allowing third parties to operate client accounts
SFC, 30-Sep-2003
SFC, 30-Sep-2003
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