Sun, Yan (1962) 孫焱
MMT fines Magic Holdings International Ltd and directors HK$4m, DQs them for 8-24 months
| MMT report parts 2 & 3
SFC, 11-Mar-2021
The company was taken private in 2014.
SFC, 11-Mar-2021
The company was taken private in 2014.
MMT finds Magic Holdings International Ltd and 5 directors culpable of late disclosure on L'Oreal privatisation bid
SFC, 25-Mar-2020
SFC, 25-Mar-2020
SFC takes Magic Holdings (delisted) and its directors to MMT
SFC, 15-May-2018
The SFC alleges that the respondents failed to promptly disclose Inside Information on the L'Oreal takeover talks after it began leaking to the market, causing a gradual escalation of the price. If the SFC succeeds, those who sold early without the benefit of that information may bring claims against the respondents for compensation. Meanwhile, we wonder whether the SFC will unmask anyone who dealt on the information.
SFC, 15-May-2018
The SFC alleges that the respondents failed to promptly disclose Inside Information on the L'Oreal takeover talks after it began leaking to the market, causing a gradual escalation of the price. If the SFC succeeds, those who sold early without the benefit of that information may bring claims against the respondents for compensation. Meanwhile, we wonder whether the SFC will unmask anyone who dealt on the information.
ZJW v SY
HK District Court, 21-Sep-2016
Mr Sun Yan, a former HK-listed company director who now works for a subsidiary of Burwill (0024), succeeds in showing that he has no substantial connection with HK, so the divorce petition by his wife Zhou Jianwu is dismissed. Both are based in Shenzhen. Mr Sun is involved in a claim in HCA 813/2014 which involves over HK$337m of assets held by Superb Jade Ltd, which is owned by his wife's brother. Mr Sun claims beneficial ownership.
HK District Court, 21-Sep-2016
Mr Sun Yan, a former HK-listed company director who now works for a subsidiary of Burwill (0024), succeeds in showing that he has no substantial connection with HK, so the divorce petition by his wife Zhou Jianwu is dismissed. Both are based in Shenzhen. Mr Sun is involved in a claim in HCA 813/2014 which involves over HK$337m of assets held by Superb Jade Ltd, which is owned by his wife's brother. Mr Sun claims beneficial ownership.
Sun Yan v Superb Jade Ltd & others
HK Court of First Instance, 23-Oct-2015
A dispute over the beneficial owner of securities and cash held by Superb Jade Ltd worth as much as HK$300m. Mr Sun Yan is based in Shenzhen but has been a director of various HK-listed companies. He has posted HK$1m as security for costs, which the court rules is adequate given that the defendants still hold the assets which are frozen under a Mareva injunction. Superb Jade is owned by Lin Li Dong, the brother of Sun's wife, Zhao Jianwu.
HK Court of First Instance, 23-Oct-2015
A dispute over the beneficial owner of securities and cash held by Superb Jade Ltd worth as much as HK$300m. Mr Sun Yan is based in Shenzhen but has been a director of various HK-listed companies. He has posted HK$1m as security for costs, which the court rules is adequate given that the defendants still hold the assets which are frozen under a Mareva injunction. Superb Jade is owned by Lin Li Dong, the brother of Sun's wife, Zhao Jianwu.
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