Sui, Guangyi 隋廣義
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.
Mysterious 8,500% stock gain attracts big funds (and big questions)
Bloomberg, 22-Feb-2019
Comment: this is a closed-end investment fund trading at 93 times its net asset value, rather than the normal discount that such funds attract. MSCI and HSI should know better than to include such funds in their indices, as they are not regular companies and are prohibited from participating in business management. They are also exempt from the public float requirements, which is probably why the SFC has not issued concentration warnings on such stocks, but it should do so anyway.
Bloomberg, 22-Feb-2019
Comment: this is a closed-end investment fund trading at 93 times its net asset value, rather than the normal discount that such funds attract. MSCI and HSI should know better than to include such funds in their indices, as they are not regular companies and are prohibited from participating in business management. They are also exempt from the public float requirements, which is probably why the SFC has not issued concentration warnings on such stocks, but it should do so anyway.
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