TEM Holdings Limited
SFC bans Peter Law Chi Kin, ex-Convoy (now OnePlatform) for 10 years and fines him HK$535,500
| Statement of Disciplinary Action
SFC, 26-Apr-2023
For his involvement in a boiler-room operation on an unnamed GEM stock, which we can tell you was TEM Holdings Ltd (ex-8346). He is now revealed as the "X" in the earlier sanctions against his former colleague Wong Kwun Shing, who was banned forever on 1-Mar-2023. The SFC refers to "certain unknown manipulators" but does not appear to be certain about who they are. The statement says that Law "neither knew nor had direct contact with the manipulators". It is unclear whether that is his claim, or an established fact.
SFC, 26-Apr-2023
For his involvement in a boiler-room operation on an unnamed GEM stock, which we can tell you was TEM Holdings Ltd (ex-8346). He is now revealed as the "X" in the earlier sanctions against his former colleague Wong Kwun Shing, who was banned forever on 1-Mar-2023. The SFC refers to "certain unknown manipulators" but does not appear to be certain about who they are. The statement says that Law "neither knew nor had direct contact with the manipulators". It is unclear whether that is his claim, or an established fact.
SFC bans Wong Kwun Shing, ex-Convoy (now OnePlatform) Asset Management, for life
| Statement of Disciplinary Action
SFC, 1-Mar-2023
For involvement in a stock ramp in unnamed "Company A". We can tell you: it was TEM Holdings Ltd (8346), a GEM bubble which collapsed from $7.80 to $0.93 in 4 days in July 2016. Mr Wong procured an unnamed colleague, X, to recruit buyers for the stock. X admitted his involvement. The SFC doesn't say whether action is being taken against Mr X.
SFC, 1-Mar-2023
For involvement in a stock ramp in unnamed "Company A". We can tell you: it was TEM Holdings Ltd (8346), a GEM bubble which collapsed from $7.80 to $0.93 in 4 days in July 2016. Mr Wong procured an unnamed colleague, X, to recruit buyers for the stock. X admitted his involvement. The SFC doesn't say whether action is being taken against Mr X.
TEM (8346) allotment results and concentration warning
Company announcement, 17-May-2016
The top 25 placees have 98.68% of the float.
Company announcement, 17-May-2016
The top 25 placees have 98.68% of the float.
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