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Tiger Asia admits insider dealing and ordered to pay some investors HK$45 million
SFC, 20-Dec-2013
If you bought BOC (3988) on 31-Dec-2008 or 13-Jan-2009, or CCB (0939) on 6-Jan-2009, and if by chance your order was matched with a sale by Tiger Asia, then you are in line for a payout for their insider dealing. This folows the same system as the Du Jun case announced on 12-Dec-2013. As we said, it is a lottery allocation, because other investors who bought at that time will not get the payout. You have about a 1 in 5 chance of a payout in each stock.
Organisations
- BANK OF CHINA LIMITED 中國銀行股份有限公司
- CHINA CONSTRUCTION BANK CORPORATION 中國建設銀行股份有限公司
- Tiger Asia Management, LLC
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