Yeoh, Eugene Kim Loong 楊金隆
Former HKEX executive and consultant acquitted of corruption charges
South China Morning Post, 3-Dec-2021
South China Morning Post, 3-Dec-2021
HK's cash for IPOs bribery trial enters the final stages
Asian Corporate Governance Association, 21-Sep-2021
Kudos to ACGA's Vivian Yau for sitting through 6 weeks of evidence and providing this detailed account.
Asian Corporate Governance Association, 21-Sep-2021
Kudos to ACGA's Vivian Yau for sitting through 6 weeks of evidence and providing this detailed account.
Former HKEX IPO vetting chief pleads not guilty as trial begins
Bloomberg, 9-Aug-2021
The alleged corruption involves 12 listings, of which 2 were on the main board and 10 on the GEM, from 2015 to 2019.
Bloomberg, 9-Aug-2021
The alleged corruption involves 12 listings, of which 2 were on the main board and 10 on the GEM, from 2015 to 2019.
Eugene Yeoh Kim Loong, ex-HKEX, and Richard Lum Chor Wah, charged with bribery and MIPO over IPO applications
| Mr Lum's directorships
ICAC, 25-Mar-2020
One IPO is named: Shen You (8377). That was sponsored by Huabang Corporate Finance Ltd. Who knew? Regarding Mr Lum, he's been a director of 12 HK-listed companies at various times since 1991. Our data show that on average, shares of those companies during his tenure under-performed the market by 52.5% per year. He resigned from the last 2 on 19-Sep-2019 to "devote more time to his personal commitments".
ICAC, 25-Mar-2020
One IPO is named: Shen You (8377). That was sponsored by Huabang Corporate Finance Ltd. Who knew? Regarding Mr Lum, he's been a director of 12 HK-listed companies at various times since 1991. Our data show that on average, shares of those companies during his tenure under-performed the market by 52.5% per year. He resigned from the last 2 on 19-Sep-2019 to "devote more time to his personal commitments".
ICAC, SFC investigate alleged corruption of listing applications at HKEX (0388)
| ICAC announcement
SFC, 26-Jun-2019
Webb-site first heard the allegations on 30-May and they were reported in media since then, so evidence may have been lost before the SFC and ICAC launched raids on 2 sponsors, 2 listed companies and a printing firm from 23-Jun onwards. A former Joint Head of the IPO Vetting Team and 2 of his associates have been arrested by the ICAC. You may wonder why a for-profit listed company is in the "business" of regulation. That's because the HK Government rejected the advice of its Expert Group to remove the conflict in 2003. The HK listing process also involves a high degree of subjectivity on "suitability". Any such process invites corruption.
SFC, 26-Jun-2019
Webb-site first heard the allegations on 30-May and they were reported in media since then, so evidence may have been lost before the SFC and ICAC launched raids on 2 sponsors, 2 listed companies and a printing firm from 23-Jun onwards. A former Joint Head of the IPO Vetting Team and 2 of his associates have been arrested by the ICAC. You may wonder why a for-profit listed company is in the "business" of regulation. That's because the HK Government rejected the advice of its Expert Group to remove the conflict in 2003. The HK listing process also involves a high degree of subjectivity on "suitability". Any such process invites corruption.
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