On August 25, 2025, Wong Pak Ming, charged with insider dealing, pleaded not guilty and his trial was set for November 2025 to December 2025, with pre-trial review on October 24, 2025.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SFO, s. 300: Fraudulent & Deceptive Conduct Provisions to Combat Insider Dealing and Other Misconduct
The Court of Appeal decision in Securities and Futures Commission v. Young Bik Fung confirmed that insider dealing as well as other market misconduct could be r
D&O Insurance in Hong Kong: What To Know In The Event Of SFC Enforcement Action
Enforcement action by the Securities and Futures Commission (“SFC”) against officers of companies listed on the Stock Exchange of Hong Kong is becoming increasi
SPOTLIGHT ON
FAMILY OFFICES
On August 25, 2025, Wong Pak Ming appeared in court for trial on charges of insider dealing, after previously pleading not guilty at the Eastern Magistrates’ Court. The trial is provisionally scheduled to commence from November 20, 2025, and is expected to conclude on December 12, 2025. The case has been adjourned to October 24, 2025, for a pre-trial review.
Wong Pak Ming is charged with insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus) between August 25, 2017, and October 17, 2017. During this period, he was the chairman and controlling shareholder of Pegasus. The prosecution alleges that Wong Pak Ming possessed material inside information about Pegasus and utilized it to influence or advise others to engage in trading activities related to the company’s shares.
Wong Pak Ming has had his bail extended until the subsequent hearing with the following conditions: a $200,000 cash bail, residency at a specified address, mandatory reporting of any changes in address to the police, and a requirement to notify the Securities and Futures Commission ("SFC") 24 hours before leaving Hong Kong.
View the full article:Source
