4 Jul 2025
SECURITIES AND FUTURES COMMISSION v. SIN KWOK LAM AND OTHERS
- Citation
- [2025] HKCFI 2831
- Court
- Court of First Instance
- Case number
- HCMP2106/2023
On the agreed facts the 6th Respondent was a de facto director whose non-disclosure and related failures led to misleading announcements and a significant dilutive placing; the 4th Respondent breached fiduciary and statutory duties by failing to make reasonable enquiries and to consider dilution. Taking gravity and agreed mitigating factors into account, the court exercised its discretion under s214(2)(d) to impose a 7-year disqualification on the 4th Respondent.