Insider dealer ordered to pay $15.6 million to investors

sec fine reg sci

The Court of First Instance has ordered Ms Sun Min to pay the restoration amount of $15,629,341 to 51 investors affected by her insider dealing in China Huiyuan Juice Group Limited (Huiyuan) shares, Hong Kong Securities and Futures Commission (SFC) just announced.

The Court order granted on 17 July 2017 was made under section 213(2)(b) of the Securities and Futures Ordinance (SFO) by consent.

Mr Tsui Chi Chiu and Mr Chong Kok Wing of JLA Asia Limited were appointed by the Court as administrators to administer the distribution of the restoration amount which Sun is required to pay into Court by 7 August 2017.

Sun is also ordered to pay the SFC’s legal costs and the fees of the administrators.

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Insider dealer ordered to pay $15.6 million to investors


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