HONGKONG HUAMING CO. LIMITED 香港華明有限公司
Fins Development Ltd & Hong Kong Huaming Co Ltd v Elke Tang Yuen Ting
HK Court of First Instance, 18-Mar-2011
This case involves possible abuse of funds from a wholly-owned subsidiary of Jingwei Textile (0350) which purportedly were intended to be routed into leveraged foreign exchange accounts held in the names of two of its staff at Cosmos Hantec Investment (NZ) Ltd, an unlicensed entity. The defendant was declared bankrupt after being fined by the SFC last year.
HK Court of First Instance, 18-Mar-2011
This case involves possible abuse of funds from a wholly-owned subsidiary of Jingwei Textile (0350) which purportedly were intended to be routed into leveraged foreign exchange accounts held in the names of two of its staff at Cosmos Hantec Investment (NZ) Ltd, an unlicensed entity. The defendant was declared bankrupt after being fined by the SFC last year.
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