SFC obtains injunctions, suspects pump & dump of Ching Lee (3728) in 2016
SFC, 27-Aug-2019
The stock subsequently moved from GEM to the Main Board on 18-Sep-2017. The alleged manipulative scheme was planned and commenced before the listing on 29-Mar-2016 and lasted until the bubble burst on 7-Sep-2016. We note that the listing was sponsored by Kingsway Capital Ltd and the joint bookrunner was SBI China Capital Financial Services Ltd. As announced upon listing, the top 5 placees had 82.50% and the top 10 had 98.83% of the placing.
SFC suspends Chan Wai Ling, ex-Kingsway, now KGI, for a year
SFC, 26-Jul-2017
SFC withdraws Restriction Notice issued to a broker in connection with client’s suspected insider dealing
SFC, 14-Feb-2017
SFC issues Restriction Notice to prevent a Kingsway client from shifting assets
SFC, 3-Jun-2016
The notice was issued on 24-May-2016 but appears in the Gazette today. The client is suspected of insider dealing.

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