Bloomage BioTechnology Corporation Limited (KY) 華熙生物科技有限公司
MMT orders ex-China CITIC banker Wu Kam Shing to pay HK$3m illegal gains from insider dealing
| MMT Report
SFC, 30-Jul-2024
He bought shares of Bloomage BioTechnology (ex-0963) before its 2017 privatisation, using knowledge of the deal financing. Perhaps grateful not to face criminal prosecution, he admitted the civil offences, avoiding a full MMT hearing.
SFC, 30-Jul-2024
He bought shares of Bloomage BioTechnology (ex-0963) before its 2017 privatisation, using knowledge of the deal financing. Perhaps grateful not to face criminal prosecution, he admitted the civil offences, avoiding a full MMT hearing.
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.
SFC investigates insider dealing in shares of Bloomage BioTech (privatised)
| CCASS holding history
SFC, 9-Mar-2018
SFC, 9-Mar-2018
Concentration warning in Bloomage BioTec (0963)
SFC, 8-Feb-2010
This follows a request by Webb-site.com to the SFC on 18-Jan-10 for an ownership investigation.
SFC, 8-Feb-2010
This follows a request by Webb-site.com to the SFC on 18-Jan-10 for an ownership investigation.
The Webb-site concentration screen
Webb-site.com today launches a new function in our CCASS Analysis system, to allow investors and regulators to screen the market for concentrations of ownership in HK-listed companies, where market prices may not be an accurate reflection of fair value. (22-Jan-2010)
Webb-site.com today launches a new function in our CCASS Analysis system, to allow investors and regulators to screen the market for concentrations of ownership in HK-listed companies, where market prices may not be an accurate reflection of fair value. (22-Jan-2010)
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