Court disqualifies Nicholas Chiu Sai Chuen, ex-INED of China Candy (ex-8182) for 3 years | Judgment
SFC, 12-Dec-2023
For negligence in failing, an an INED and member of the board's Audit Committee, to detect a massive overstatement of cash in the group accounts. Auditors HLB Hodgson Impey Cheng didn't spot it either.

• Orgs
  • CT Partners Consultants Limited
  • HLB Hodgson Impey Cheng Limited
  • Mazars Corporate Recovery & Forensic Services Limited
• People
  • Chan, Ching Pang 陳展鵬
  • Chiu, Nicholas Sai Chuen 趙世存
  • Chu, Fangus Wai Wa 朱偉華
  • Hong, Yinzhi 洪蔭治
  • Hung, Yvonne (1969) 洪綺婉
  • Li, Yuna 李宇娜
  • Ong, King Keung 王競強
  • Wang, Zhihong (1987) 王志洪
  • Woo, Lik Hang
  • Xu, Jinpei 許金培

SFC seeks court orders to disqualify former directors and ex-CFO of China Candy (ex-8182)
SFC, 20-Apr-2023
The SFC alleges a fraudulent scheme to fake accounts in the first year after the IPO. Comment: a prosecution might have been more appropriate, but the 3 key persons are in the mainland, outside the HK jurisdiction.

• People
  • Chiu, Nicholas Sai Chuen 趙世存
  • Chu, Fangus Wai Wa 朱偉華
  • Hong, Yinzhi 洪蔭治
  • Hung, Yvonne (1969) 洪綺婉
  • Li, Yuna 李宇娜
  • Ong, King Keung 王競強
  • Wang, Zhihong (1987) 王志洪
  • Xu, Jinpei 許金培

SFC fines TC Capital International Ltd HK$3m and suspends RO Edward Wu Wen Guang for 7 months | Statement of Disciplinary Action
SFC, 1-Aug-2022
For due dilgence failings in sponsoring the 2015 GEM listing of China Candy (ex-8182), which was suspended after 2 years and delisted in 2019. Candy crushed.

• Orgs
  • TC Capital International Limited
  • TC CAPITAL MANAGEMENT LIMITED (HK)
• People
  • Wu, Edward Wen Guang 吳文廣

China Candy (8182): allotments and concentration warning | CCASS allocations
Company announcement, 10-Nov-2015