Articles: Disclosure of interests - securities

Webb-site upgrades CCASS Analysis, spotlights share pledges
New features in the Webb-site CCASS Analysis System (WCAS) allow investors and regulators to see the largest daily CCASS movements across the market and the history of large moves in each stock and by each broker. Movements of large blocks into CCASS or between brokers without a corresponding transaction often indicate a pledging of shares for loans, which are not disclosed due to inadequate law and Listing Rules. (19-Dec-2017)
SFC fines Schroder Investment Management HK$1.8m for disclosure failures
SFC, 15-Jun-2016
Schroder failed to include in its disclosures of interests shares in client portfolios for which it did not have proxy voting rights. 236 corrected notices were filed in early 2013, but the filings for 2005-2010 remain uncorrected because of different storage formats and systems.
Presentation on HK securities market reform
These are the slides from a presentation by David Webb to accountants hosted by legislator Kenneth Leung this evening. (16-May-2016)
Court dismisses appeal by Lam Fai Man, ex-Dep Ch of Victory Group (1139)
SFC, 9-Dec-2015
Comment: there is an overdue law amendment to remove the requirement to file with the company, which can subscribe to notifications from the Stock Exchange like anyone else. One filing with SEHK should be enough.
SFC v Lam Fai Man (fka Lin Huiwen)
HK Court of First Instance, 8-Dec-2015
Mr Lam loses his appeal of conviction for failing to file disclosures of interests with the company (although filings were made with SEHK). He was Deputy Chairman of Victory Group (1139) until 7-Jun-2013 when his re-election was vetoed at the AGM. We have no evidence that he resigned in Apr-2013 as stated in paragraph 82(4) and 82(15) of the judgment.
Mr Chui Chuen Shun of HK Resources fined for non-disclosure of interest
Company announcement, 4-Apr-2011
Kwok Sau Ping convicted of issuing unauthorised marketing material and disclosure of interest offences
SFC, 6-Jan-2011
SFC reprimands and fines M Y Securities Ltd
SFC, 5-Jan-2011
The SFC doesn't say who the two substantial shareholders are though. The SFC approves all shareholders of 10% or more in a licensee, but does not publish the list.
Red paint thrown at pair after firms go to court
HK Standard, 10-Dec-2010
Proposed law sells HK short
If the Government consulted the public on a speed limit of 50km/h, then set it at 4km/h, wouldn't you wonder why? That's what the SFC has done after a consultation which from the outset was a solution in search of a non-existent problem. We call on the SFC to withdraw or amend its proposed filing requirements for 0.02% short positions and to focus with Government on filling the gap in the existing law by requiring public disclosure of short positions, including derivatives, at the same level as long positions, currently 5%. What do you think? Take our poll! (7-Mar-2010)
SDI breaches go dark at SFC
The SFC has quietly stopped disclosing details of successful prosecutions for failure to disclose shareholdings, including the name of the offender and the company involved. This is important information for investors, and we urge them to reinstate it. We also look at its questionable and inconsistent policy of redacting names from historic press releases. (6-Oct-2009)
Responses on mandatory electronic submission of disclosure of interests notices
SFC, 3-Apr-2008
Conclusions paper on mandatory electronic submission of disclosure of interests notices
SFC, 3-Apr-2008
Consultation paper on mandatory electronic submission of disclosure of interests notices
SFC, 30-Nov-2007
SFC prosecutes Mr Lee Sang Yoon for disclosure of interests offence
SFC, 5-Jul-2007
SFC prosecutes Concord Strategic Investments Ltd, Concord Group B.V.I. Ltd & Ji Kewei for disclosure of interests offence
SFC, 7-Jun-2007
SFC prosecutes Richfair Ltd and Mr Chu Hon Pong for disclosure of interests offence
SFC, 31-May-2007
SFC prosecutes Lau Kam Chee for disclosure failure
SFC, 26-Apr-2007
SFC prosecutes Mr Billy Kan Che Kin for disclosure failure
SFC, 19-Apr-2007
Fu He prosecuted for disclosure failure
SFC, 12-Apr-2007
SFC prosecutes Metro Capital Finance Ltd and Vong Kuoc Meng for disclosure failure
SFC, 14-Dec-2006
SFC prosecutes Mr Chang Wing Yiu, ED of Kingboard Chemical (0148) for disclosure failings
SFC, 31-Aug-2006
SFC Prosecutes Power Hero International Ltd and Victoria Treasure International Ltd for disclosure failure
SFC, 24-Aug-2006
SFC prosecutes Mr Tang Yuk Kuen & Mr Cheung Tak Woo for disclosure failings
SFC, 1-Jun-2006
SFC prosecutes Kingston Finance Ltd for disclosure failure
SFC, 11-May-2006
SFC prosecutes Mr Fong For disclosure failure
SFC, 11-May-2006
SFC prosecutes Link Silver International Ltd for disclosure failings
SFC, 4-May-2006
According to the 2005 annual report, the offender is 50:50 owned by Mr Pan Bin Lin and Madam Zou Yun Yu.
SFC prosecutes New-Alliance Asset Management (Asia) Ltd for disclosure failures
SFC, 23-Feb-2006
SFC prosecutes Mr Tsoi Man Chi for disclosure failure
SFC, 23-Feb-2006
SFC prosecutes Heritage International Holdings Ltd for disclosure failures
SFC, 10-Feb-2006
SFC prosecutes Everbest Investments Ltd & Mr Yu Chiu Wo for disclosure failures
SFC, 26-Jan-2006
SFC prosecutes Mr Wong Kam Yim for disclosure failure
SFC, 29-Dec-2005
SFC prosecutes Bava Ashraf Akathoottu for disclosure failure
SFC, 22-Dec-2005
SFC prosecutes Raymond Dennis Neoh and Upflow Holdings Ltd for disclosure failure
SFC, 10-Nov-2005
SFC prosecutes Power Assets Enterprises Ltd, Mr Carl Gouw Kar Yiu and Ms Elizabeth Gouw San Bo for disclosure failure
SFC, 9-Nov-2005
SFC prosecutes Mr Chan Lai Keung for disclosure failure
SFC, 3-Nov-2005
SFC prosecutes TingKong-RexCapital Holdings Ltd, Rexcapital Partners Inc. and Tees Corp. for disclosure failure
SFC, 13-Oct-2005
SFC prosecutes Mr Chu Yat Lam for disclosure failure
SFC, 6-Oct-2005
SFC prosecutes Mr Wong Tin Sang and Bioleader Ltd for disclosure failure
SFC, 25-Aug-2005
SFC prosecutes Ms Wang Li Hua, ED of Vaso Digital for failure to disclose dealings
SFC, 4-Aug-2005
SFC prosecutes Brilliant Path Ltd for disclosure failure
SFC, 8-Jul-2005
Disclosures show that Brilliant Path Ltd was 100% owned by Mr Lam Yat Sing, Chairman of the listed company.
SFC prosecutes Mr Lin Ko Ming for disclosure failure
SFC, 30-Jun-2005
SFC prosecutes Mr Mo Shikang & Rhythorth Ltd for disclosure of interests offences
SFC, 26-May-2005
SFC prosecutes Mr Lee Eng Chhong for disclosure of interests offences
SFC, 5-May-2005
SFC prosecutes Lee Fung Hong (Cheung's) Forex Dealers Ltd & Peter Luk Hon Sum for disclosure of interests offences
SFC, 14-Apr-2005
SFC Prosecutes Montgomery Properties Holding Ltd for disclosure failure
SFC, 31-Mar-2005
Court of First Instance delivers its judgement on the appeals by William Mong Man Wai
SFC, 24-Mar-2005
SFC v William Mong Man Wai
HK Court of First Instance, 24-Mar-2005
SFC prosecutes China Conservational Power (0290) under the Securities (Disclosure of Interests) Ordinance
SFC, 24-Mar-2005
SFC prosecutes Mr Leung Kin Keung & Mr Lee Wing Ngai for disclosure failures
SFC, 3-Mar-2005
SFC prosecutes Modern World Resources Ltd for disclosure failure
SFC, 24-Feb-2005
SFC prosecutes Mr Shu Kwan Long for disclosure failure
SFC, 16-Dec-2004
SFC prosecutes Mr Kuk Po Shun for disclosure breaches
SFC, 25-Nov-2004
SFC prosecutes SinoPac Capital Ltd for disclosure failures
SFC, 25-Nov-2004
SFC prosecutes Sky Victory Ltd and Mr Siu Wai Keung for disclosure failure
SFC, 9-Nov-2004
SFC prosecutes Miss Tsui Muk Lan for disclosure failure
SFC, 28-Oct-2004
SFC prosecutes Felix Lo Wai Shing for disclosure failure in MAE (0851)
SFC, 28-Oct-2004
SFC prosecutes Patrick Wong Man Hung under the Securities (Disclosure of Interests) Ordinance
SFC, 14-Oct-2004
SFC prosecutes five companies for disclosure of interest failure
SFC, 7-Oct-2004
SFC prosecutes Caric Lee Shi Tat for disclosure failure
SFC, 30-Sep-2004
SFC Prosecutes Carson Yeung Ka Sing for Breaching the Securities (Disclosure of Interests) Ordinance
SFC, 27-Sep-2004
SFC prosecutes Mr Ng Kwok Kuen for disclosure failure
SFC, 22-Sep-2004
Disclosure of Pledges
After recent one-day crashes in several stocks, there is renewed focus on the need to disclose share pledges. Some, including the CEO of HKEx, have suggested that this can be dealt with in the Listing Rules. But they are missing the point - HKEx has no jurisdiction over shareholders. There is a simple solution - remove the exemption of banks and brokers from the disclosure law. (7-Sep-2004)
SFC prosecutes Mr Cheung Choi Chuen for disclosure failure in KPI (0605)
SFC, 1-Sep-2004
SFC prosecutes Mr Choo Yeow Ming for disclosure failure in China Strategic (0235)
SFC, 1-Sep-2004
SFC prosecutes William Mong Man Wai under the securities (disclosure of interests) ordinance
SFC, 30-Aug-2004
SFC prosecutes Louis Rajkumar Page for disclosure failure at TVB (0511)
SFC, 23-Jun-2004
SFC prosecutes Kenny Leung Kin Man for disclosure failure
SFC, 23-Jun-2004
SFC prosecutes Value Partners Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 7-Apr-2004
SFC prosecutes Deng Chi Yuan under the Securities (Disclosure of Interests) Ordinance
SFC, 7-Apr-2004
SFC Prosecutes Hotung Enterprises Limited, Eric Edward Hotung and Ho Shu Wah under the Securities (Disclosure of Interests) Ordinance
SFC, 3-Mar-2004
SFC prosecutes Ms Wong Wai Ying and Mr Chiu Kwong Chi under Securities (Disclosure of Interests) Ordinance
SFC, 15-Jul-2003
SFC prosecutes Mr Tung Fai for disclosure failure in shares of First Natural Foods (1076)
SFC, 8-Jul-2003
SFC prosecutes Mr Lai Ping Keung for disclosure failure in shares of Welback (0491)
SFC, 24-Jun-2003
State Securities Above the Law
In another Webb-site.com exclusive, five years after the market intervention, an investor with over HK$87bn of stocks has claimed exemption from the new law which protect investors in Hong Kong, which includes disclosure, insider dealing and market manipulation. The Government claim comes from a written response to questions we raised at the MTRC AGM. We look at the implications. (8-Jun-2003)
SFC prosecutes Ms Helen Chau King Nui for disclosure failure in shares of Mainland Headwear (1100)
SFC, 3-Jun-2003
SFC prosecutes Ms Wong Lin Chooi, director of Dynamic Global (0231) for disclosure failure
SFC, 27-May-2003
Delay in disclosure draws fine
South China Morning Post, 26-Mar-2003
SFC prosecutes Maxwick Investment Ltd and Ms Angela Leong On Kei for disclosure failure in shares of Dynamic Global (0231)
SFC, 25-Mar-2003
Suspected breach of Listing Agreement and Securities (Disclosure of Interests) Ordinance
Company announcement, 30-Jan-2003
SFC prosecutes Mr Pong Kam Wah, ED of Proactive Technology (8089) & Mr Sat Pal Khattar, INED of Guoco Group Ltd, for disclosure failure
SFC, 24-Dec-2002
Court dismisses appeal by China United Holdings Ltd (0273)
SFC, 27-Nov-2002
SFC prosecutes Top New Finance Ltd & Mr Wu Kezhong, VP of Heshun Specialized Fibre (0285) for disclosure failure
SFC, 5-Nov-2002
SFC prosecutes Mr Kenneth Lam Kin Hing under the Securities (Disclosure of Interests) Ordinance
SFC, 22-Oct-2002
SFC prosecutes Mr Chan Kwan Shat and Ms Lydia Wong Wai Gin under the Securities (Disclosure of Interests) Ordinance
SFC, 15-Oct-2002
SFC Prosecutes Ms Katherine Hung Siu Lin under the Securities (Disclosure of Interests) Ordinance
SFC, 17-Sep-2002
SFC prosecutes China United Holdings Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 29-Aug-2002
SFC prosecutes Mr John Chow Wai Wai under the Securities Disclosure of Interests Ordinance.
SFC, 27-Aug-2002
SFC Prosecutes Founder Holdings Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 13-Aug-2002
SFC prosecutes Mr Zhong Jianqiu under the Securities (Disclosure of Interests) Ordinance
SFC, 16-Jul-2002
SFC prosecutes March Match Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 20-Jun-2002
SFC prosecutes Mr Zhang Daxiang and his company under the Securities (Disclosure of Interests) Ordinance
SFC, 13-May-2002
SFC prosecutes Mr Billy Yung Kwok Kee under the Securities (Disclosure of Interests) Ordinance
SFC, 15-Apr-2002
SFC prosecutes Mr Ng Cheong Lam and Mr Thomas Wong Chung Pak under the Securities (Disclosure of Interests) Ordinance
SFC, 9-Apr-2002
SFC prosecutes New Excellence Holdings Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 30-Jan-2002
Note: New Excellence Holdings Ltd was 65% owned by Mr Chiu Tao, then Chairman of China Sci-Tech.
SFC prosecutes Mr Man Chin under the Securities (Disclosure of Interests) Ordinance
SFC, 15-Jan-2002
SFC prosecutes Mr Simon Murray under the Securities (Disclosure of Interests) Ordinance
SFC, 15-Jan-2002
SFC prosecutes China Convergent Corp Ltd & Gold Chief Investment Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 8-Jan-2002
SFC prosecutes China Everbright (0165) under the Securities (Disclosure of Interests) Ordinance
SFC, 11-Dec-2001
SFC prosecutes Mr Zhong Shan and Mr Tse Yu Pui under the Securities (Disclosure of Interests) Ordinance
SFC, 28-Nov-2001
SFC prosecutes John Lee Sam Yuen and D.H. International Limited under the Securities (Disclosure of Interests) Ordinance
SFC, 16-Oct-2001
SFC prosecutes Wilson Leung under the Securities (Disclosure of Interests) Ordinance
SFC, 9-Oct-2001
SFC prosecutes Lin Chin Yao under the Securities (Disclosure of Interests) Ordinance
SFC, 25-Sep-2001
SFC prosecutes Ms Chu Wai Ling under the Securities (Disclosure of Interests) Ordinance
SFC, 11-Sep-2001
SFC prosecutes Tianjin Investment Holdings Ltd & Tsinlien Group Co Ltd under the Securities (Disclosure of Interests) Ordinance
SFC, 5-Sep-2001
SFC successfully prosecutes Mrs Fung Lee Woon King under the Securities (Disclosure of Interests) Ordinance
SFC, 22-Aug-2001
SFC prosecutes Mr Huang Tie Ying under the Securities (Disclosure of Interests) Ordinance
SFC, 8-Aug-2001
SFC prosecutes Mr Yu Pun Hoi under the Securities (Disclosure of Interests) Ordinance
SFC, 31-Jul-2001
SFC Prosecutes Mr Morris Tsoi Ka Chi and Mr Shaw Wen Fei for late disclosure of directors' interests in shares
SFC, 5-Jun-2001
SFC prosecutes Perfectech (0765) Chairman Mr Poon Siu Chung under the Securities (Disclosure of Interests) Ordinance
SFC, 24-Apr-2001
SFC prosecutes Brightline Futures Co Ltd & Mr Cai Yuan under the Securities (Disclosure of Interests) Ordinance
SFC, 8-Mar-2001
SFC prosecutes Mr Peter Edward Jackson and Asia Satellite (1135) under the Securities (Disclosure of Interests) Ordinance
SFC, 10-Oct-2000
SFC prosecutes Mr Tsang King Hung under the Securities (Disclosure of Interests) Ordinance
SFC, 3-Oct-2000
SFC prosecutes Mr Tommy Tse Tat Fung under the Securities (Disclosure of Interests) Ordinance
SFC, 26-Sep-2000
SFC prosecutes Mr Lawrence Lai Chi Kin under the Securities (Disclosure of Interests) Ordinance
SFC, 19-Sep-2000
SFC prosecutes Mr Siu Tit Lung, Mr Siu Yuk Lung & Mr David Leung Tze Hang under Securities (Disclosure of Interests) Ordinance
SFC, 15-Sep-2000
SFC prosecutes Mr Yiu Chiu Fai and Central China Enterprises Ltd (0351)
SFC, 29-Aug-2000
SFC prosecutes Kanjanapas Keeree (aka Wong Chong Shan) under the Securities (Disclosure of Interests) Ordinance
SFC, 24-Feb-1999
SFC prosecutes Mr Lai Yiu Keung under the Securities (Disclosure of Interests) Ordinance
SFC, 29-Dec-1998
SFC prosecutes Mr Yeung Kwok Fan under the Securities (Disclosure of Interests) Ordinance
SFC, 29-Dec-1998
SFC prosecutes Simon Chan Ying Ming under the Securities (Disclosure of Interests) Ordinance
SFC, 28-Apr-1998
SFC prosecutes Mr Kwok Ying Chuen under the Securities (Disclosure of Interests) Ordinance
SFC, 13-Nov-1997
SFC prosecutes Liang Jin You under the Securities (Disclosure of Interests) Ordinance
SFC, 8-May-1997

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