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MMT clears 3 in Asia TeleMedia case
SFC, 26-Nov-2015
The firm is now Reorient Group Ltd (0376). The MMT makes no finding on Lu Ruifeng, who was hospitalised outside the jurisdiction. It finds that 2 of the defendants knew negative price-sensitive information but that this was not a factor when they sold their shares during the 2007 market bubble. Comment: if the same events were to happen today, then the board would have a statutory obligation to disclose the inside information.
Organisations
People
- Chan, Stephen Sai Hung
- Chu, Ricky Keung Wah 朱強華
- Hartmann, Michael John 夏正民
- Ho, Cecilia King Lin 何景蓮
- Liu, Lien Lien
- Lu, Ruifeng 呂瑞峰
- Lung, Karl Hak Kau 龍克裘
- Rigby, Clive Derek Conway Louis
- Wong, Marian Nam 王嵐
- Yao, Wen Pei
- Yiu, Charles Hoi Ying 姚海鷹
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