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SFC obtains HK$420m compensation for GOME from former chairman and wife
SFC, 11-Mar-2014
Comment: in the circumstances, this is a good outcome and independent shareholders should vote to ratify the share repurchase so that GOME gets the money. If they don't, then the settlement is off and GOME could still sue the couple, but even if that is successful, the awarded damages are unlikely to be any higher. Mr Wong is presumably still in a mainland prison, having been sentenced to 14 years in 2010, but in the mainland, things are not always what they seem.
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