22 Oct 2015
SECURITIES AND FUTURES COMMISSION v. CHAN SHUI SHEUNG IVY
- Citation
- SECURITIES AND FUTURES COMMISSION v. CHAN SHUI SHEUNG IVY
- Court
- Court of First Instance
- Case number
- HCMA630/2014
The Court held the magistrate’s factual findings were within the range of reasonable conclusions: the four SEHK letters could be excluded as involuntary in the circumstances because SEHK was a person in authority in the respondent's mind and answers were given under threat of disciplinary consequences; on the evidence it was open to the magistrate to find Richcom had not manifested an intention to exercise conversion rights until the 18 February 2008 resolution; the Convertible Bond did not fall within the Listing Rule definition of an "option" for the purposes alleged and the loan/Subscripti…