FIRST SHANGHAI SECURITIES LIMITED 第一上海證券有限公司
SFC revokes and fines Mr Chan Wang Fai
SFC, 8-Jun-2009
Comment: the unnamed listed company should now sue Mr Chan and his brokerage First Shanghai Securities Ltd for the HK$930,000 in excess cost which they had to pay for share buybacks due to Mr Chan's malfeasance. This cost was ultimately bourne by the shareholders of the listed company.
SFC, 8-Jun-2009
Comment: the unnamed listed company should now sue Mr Chan and his brokerage First Shanghai Securities Ltd for the HK$930,000 in excess cost which they had to pay for share buybacks due to Mr Chan's malfeasance. This cost was ultimately bourne by the shareholders of the listed company.
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