SFC Proceedings Against 8 People Including Cheung Kong Goldmay Over Alleged Share Price Ramping
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The Securities and Futures Commission has begun proceedings for market misconduct against 8 people including senior executives of Cheung Kong Goldmay (8371). Those involved include the company's co-founder couple and chief financial officer Yu Mengtao. The Securities and Futures Commission alleges that they ramped up the share price through their own accounts and those of 5 relatives and friends to meet the $500 million market capitalisation requirement for a transfer to the Main Board, which ultimately failed.
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- 明報·每日經濟證監向嚐‧高美高層等8人展研訊 涉炒高股價求轉主板
證監會就市場失當行為對嚐‧高美（8371）高層等8人展開研訊程序，涉案包括共同創辦人夫婦及首席財務官余孟滔。他們涉透過自身及5名親友戶口炒高股價，以符合轉主板所需的5億元市值，最終轉板失敗。
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