China CITIC Bank International Limited 中信銀行(國際)有限公司
SFC commences MMT proceedings against former bank employee over alleged insider dealing
| SFC Notice to MMT
SFC, 3-May-2023
Approaching the 6-year limit on civil action, the SFC at last launches an MMT case (rather than a criminal prosecution by DoJ) for alleged insider dealing. This relates to a restriction notice against a client account at Interactive Brokers on 1-Mar-2018, the client now revealed to be Ms Ip Yee Man, spouse of Mr Wu Kam Shing, who worked at China CITIC Bank, lender to the offeror for the privatisation of Bloomage BioTech (ex-0963). Incidentally, the SFC notice to the MMT is dated 31-Mar, over a month ago.
SFC, 3-May-2023
Approaching the 6-year limit on civil action, the SFC at last launches an MMT case (rather than a criminal prosecution by DoJ) for alleged insider dealing. This relates to a restriction notice against a client account at Interactive Brokers on 1-Mar-2018, the client now revealed to be Ms Ip Yee Man, spouse of Mr Wu Kam Shing, who worked at China CITIC Bank, lender to the offeror for the privatisation of Bloomage BioTech (ex-0963). Incidentally, the SFC notice to the MMT is dated 31-Mar, over a month ago.
Silver Starlight Ltd v China CITIC Bank & others
HK Court of Appeal, 25-Aug-2021
Mr Pan Sutong's wholly-owned company fails to prevent the banks from presenting a winding-up petition. They are pursuing a combined HK$12bn debt granted to privatise Goldin Properties Holdings Ltd (ex-0283) in 2017. The loans are also personally guaranteed by Mr Pan.
HK Court of Appeal, 25-Aug-2021
Mr Pan Sutong's wholly-owned company fails to prevent the banks from presenting a winding-up petition. They are pursuing a combined HK$12bn debt granted to privatise Goldin Properties Holdings Ltd (ex-0283) in 2017. The loans are also personally guaranteed by Mr Pan.
SFC investigates insider dealing in shares of Bloomage BioTech (privatised)
| CCASS holding history
SFC, 9-Mar-2018
SFC, 9-Mar-2018
China CITIC Bank International Ltd v Simon Patrick Michael Durrant
HK Court of First Instance, 8-Jul-2014
HK Court of First Instance, 8-Jul-2014
China CITIC Bank International Ltd v Simon Patrick Michael Durrant
HK Court of First Instance, 23-Jun-2014
HK Court of First Instance, 23-Jun-2014
SFC/HKMA settlement agreement with 16 banks over Lehman Minibonds, 22-Jul-2009
Company filing, 8-Oct-2010
Company filing, 8-Oct-2010
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