On March 27, 2025, the Eastern Magistrates’ Court adjourned the insider dealing case against Wong Pak Ming to April 25, 2025. Wong was charged with counseling another person to deal in shares of Pegasus Entertainment Limited, where he was the chairman and controlling shareholder, while in possession of inside information. His bail was extended with conditions including a cash bail of $200,000 and informing authorities of changes in residence or travel plans.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On March 27, 2025, the Eastern Magistrates' Court deferred the insider dealing case against Mr. Wong Pak Ming until April 25, 2025, for the next mention in the criminal proceedings initiated by the Securities and Futures Commission ("SFC") (Notes 1 and 2).
Mr. Wong is charged with insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He is accused of advising or influencing another person to engage in trading of Pegasus shares between August 25, 2017, and October 17, 2017, while serving as the chairman and controlling shareholder and possessing non-public information about Pegasus.
The court extended Mr. Wong’s bail conditions pending the next hearing as follows:
- A cash deposit of $200,000.
- Residence at the specified address with prior notification of any residential change to the Police.
- Notification to the SFC 24 hours before leaving Hong Kong.
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