Chiu, Deacon Te Ken 邱德根
SFC obtains DQ against Duncan Chiu Tat Kun & Michael Lui Hung Kwong of Far East Holdings International Ltd (0036)
| Judgment
SFC, 9-Feb-2021
It's quite amazing that Duncan Chiu has been allowed to carry on as a government-appointed director of the Cyberport and Hospital Authority. Also notable that Mr Fong Hup of Deloitte gave a clean audit on the 2007 accounts after learning of the situation. Duncan Chiu now accepts that the accounts were misleading by omission and this amounted to misconduct. The INEDs, as Audit Committee, also signed off. The 2 respondents, along with late Chairman Deacon Chiu's assistant Wendy Yung Kim Bing, were acquitted in 2012 of criminal fraud charges relating to the same loan.
SFC, 9-Feb-2021
It's quite amazing that Duncan Chiu has been allowed to carry on as a government-appointed director of the Cyberport and Hospital Authority. Also notable that Mr Fong Hup of Deloitte gave a clean audit on the 2007 accounts after learning of the situation. Duncan Chiu now accepts that the accounts were misleading by omission and this amounted to misconduct. The INEDs, as Audit Committee, also signed off. The 2 respondents, along with late Chairman Deacon Chiu's assistant Wendy Yung Kim Bing, were acquitted in 2012 of criminal fraud charges relating to the same loan.
Margaret Chiu, daughter of late Deacon Chiu Te Ken, declared bankrupt
HK Court of First Instance, 22-Apr-2020
HK Court of First Instance, 22-Apr-2020
SFC seeks disqualification of ex-Far East (0036) senior execs
SFC, 10-Apr-2018
The SFC is pursuing Duncan and Derek Chiu, sons of the late Chairman Deacon Chiu, and the former company secretary Michael Lui Hung Kwong. This follows the 2012 acquittal of Duncan Chiu, Mr Lui and the late Chairman's personal assistant, Wendy Yung Kim Bing, on fraud and theft charges. The judge in that case was minded to refer the matter to "the appropriate authority or SFC".
SFC, 10-Apr-2018
The SFC is pursuing Duncan and Derek Chiu, sons of the late Chairman Deacon Chiu, and the former company secretary Michael Lui Hung Kwong. This follows the 2012 acquittal of Duncan Chiu, Mr Lui and the late Chairman's personal assistant, Wendy Yung Kim Bing, on fraud and theft charges. The judge in that case was minded to refer the matter to "the appropriate authority or SFC".
Boss out on bail over HK$61m theft charges
HK Standard, 8-Sep-2010
Note 28 of the 2007 accounts shows that Deacon Chiu owed the company $22.1m at 31-Dec-2007 and a maximum of $61.9m during the year, which had been fully settled by 25-Apr-2008, the date of the report. Shareholders' approval was not sought for this connected transaction under the Listing Rules, and hence it appears to have breached the Companies Ordinance too, which appears to be the substance of the charges.
HK Standard, 8-Sep-2010
Note 28 of the 2007 accounts shows that Deacon Chiu owed the company $22.1m at 31-Dec-2007 and a maximum of $61.9m during the year, which had been fully settled by 25-Apr-2008, the date of the report. Shareholders' approval was not sought for this connected transaction under the Listing Rules, and hence it appears to have breached the Companies Ordinance too, which appears to be the substance of the charges.
One director and 2 employees of Far East Holdings (0036) charged by CCB
Company announcement, 6-Sep-2010
Section 157H(2)(a) prohibits loans to company directors, subject to exceptions.
Company announcement, 6-Sep-2010
Section 157H(2)(a) prohibits loans to company directors, subject to exceptions.
David Chiu Tat Cheong, Deacon Chiu Te Ken & others v Attorney General
HK Court of First Instance, 6-Jan-1992
HK Court of First Instance, 6-Jan-1992
David Chiu Tat Cheong, Deacon Chiu Te Ken & others v Attorney General
HK Court of Appeal, 3-Jun-1991
HK Court of Appeal, 3-Jun-1991
David Chiu Tat Cheong, Deacon Chiu Te Ken & others v Attorney General
HK Court of Appeal, 14-May-1991
HK Court of Appeal, 14-May-1991
Ronald Chu Li-Kai & Sun Chih Ming v Deacon Chiu Te Ken & others
HK Court of First Instance, 1-Nov-1985
HK Court of First Instance, 1-Nov-1985
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