Goodpine Limited (VG)

MMT clears 3 in Asia TeleMedia case
SFC, 26-Nov-2015
The firm is now Reorient Group Ltd (0376). The MMT makes no finding on Lu Ruifeng, who was hospitalised outside the jurisdiction. It finds that 2 of the defendants knew negative price-sensitive information but that this was not a factor when they sold their shares during the 2007 market bubble. Comment: if the same events were to happen today, then the board would have a statutory obligation to disclose the inside information.
SFC commences MMT proceedings against former Reorient (0376) chairman & others
SFC, 29-Jan-2014
Winding-up order
HK Court of First Instance, 18-Mar-2008

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