Yao, Wen Pei
MMT sanctions Charles Yiu Hoi Ying & Marian Wong Nam, ex-Asia Telemedia Ltd (0376)
| MMT report
SFC, 7-Apr-2021
For insider dealing in 2007. After the MMT wrongly cleared them in 2015, the SFC took the case all the way to the Court of Final Appeal and won.
SFC, 7-Apr-2021
For insider dealing in 2007. After the MMT wrongly cleared them in 2015, the SFC took the case all the way to the Court of Final Appeal and won.
SFC v C,D,E,F,G & China United Telecom Ltd
HK Court of First Instance, 4-May-2017
C = Lu Ruifeng; D = Tin Yin Kwan, wife of Yao Wen Pei; E=Clear Excel Ltd, F=Kayden Ltd, G=Yao Wen Pei, father of Charles Yiu Hoi Ying, then Finance Director of Asia Telemedia Ltd (0376). China United Telecom Ltd (BVI) fails in its application to lift an injunction freezing funds.
HK Court of First Instance, 4-May-2017
C = Lu Ruifeng; D = Tin Yin Kwan, wife of Yao Wen Pei; E=Clear Excel Ltd, F=Kayden Ltd, G=Yao Wen Pei, father of Charles Yiu Hoi Ying, then Finance Director of Asia Telemedia Ltd (0376). China United Telecom Ltd (BVI) fails in its application to lift an injunction freezing funds.
MMT clears 3 in Asia TeleMedia case
SFC, 26-Nov-2015
The firm is now Reorient Group Ltd (0376). The MMT makes no finding on Lu Ruifeng, who was hospitalised outside the jurisdiction. It finds that 2 of the defendants knew negative price-sensitive information but that this was not a factor when they sold their shares during the 2007 market bubble. Comment: if the same events were to happen today, then the board would have a statutory obligation to disclose the inside information.
SFC, 26-Nov-2015
The firm is now Reorient Group Ltd (0376). The MMT makes no finding on Lu Ruifeng, who was hospitalised outside the jurisdiction. It finds that 2 of the defendants knew negative price-sensitive information but that this was not a factor when they sold their shares during the 2007 market bubble. Comment: if the same events were to happen today, then the board would have a statutory obligation to disclose the inside information.
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