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SFC takes Tom Tang Chung Yen and Li Yik Shuen to MMT, alleges insider dealing
Mr Tang, brother of former HK Chief Secretary Henry Tang Ying Yen, is alleged to have tipped off Ms Li, with whom he was "in an intimate relationship", about the looming sale of the core business of Meadville Holdings Ltd, a Tang family company. She is alleged to have insider dealt in 2009. The SFC would normally have 6 years to bring a civil claim after it becomes aware of alleged wrong-doing, suggesting that it only uncovered this after Aug-2013.