Hong Kong’s SFC Fines Sun Min HK$15.6 Million for Insider Trading
Posted: Thu Jul 27, 2017 4:06 pm
The Securities and Futures Commission (SFC), Hong Kong’s paramount securities regulator, today fined businesswoman Sun Min HK$15,629,341 ($2.00 million) for engaging in market abuse.
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The SFC found that Ms Sun bought shares in China Huiyuan Juice Group Limited (Huiyuan) based on inside information accidentally provided to her and her husband.
The Market Misconduct Tribunal has found Sun Min guilty of insider trading in the shares of China Huiyuan Juice Group in connection with Coca-Cola’s failed bid to acquire the Hong Kong-listed firm.
In 2008, Coca-Cola made an offer to acquire ... (read more)