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SFC bans Wang Can, ex-China Galaxy, for 30 months, fines him HK$7,800
He was privy to information on a transaction by Linmark (now Daohe, 0915) and bought 40,000 shares, on which he made a profit of $7,800 ($0.195 per share) when he sold them on 5-Dec-2014, 2 days after the transaction was announced. The stock price ranged from $0.68-0.76 that day. It is unclear why he was not charged with Insider Dealing.
- China Galaxy International Securities (Hong Kong) Co., Limited
- China Galaxy Securities Co., Ltd.
- Daohe Global Group Limited