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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.
Organisations
- Ching Lee Holdings Limited 正利控股有限公司
- KINGSWAY CAPITAL LIMITED 滙富融資有限公司
- KINGSWAY FINANCIAL SERVICES GROUP LIMITED 滙富金融服務有限公司
- SBI China Capital Financial Services Limited 軟庫中華金融服務有限公司
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