29 May 2025
THE SECURITIES AND FUTURES COMMISSION v. COMBEST HOLDINGS LTD AND OTHERS
- Citation
- [2025] HKCFI 2237
- Court
- Court of First Instance
- Case number
- HCCW118/2020
The Court was satisfied on the agreed facts that Combest’s business and affairs were conducted in the manner described in s214(1)(b)–(d) SFO (defalcation, misfeasance and non‑disclosure/false disclosure), that the proposed Carecraft settlement and compensation scheme was in the public interest and appropriately protects independent shareholders, and that disqualification orders and a stay on terms should be made: Dino Ng disqualified for 12 years and ordered to effect the agreed payment scheme; Leo Liu and Spencer Lee disqualified for 8 years each; proceedings stayed on terms and costs awarde…