29 Oct 2015
SECURITIES AND FUTURES COMMISSION v. WANG JIAN HUA AND OTHERS
- Citation
- SECURITIES AND FUTURES COMMISSION v. WANG JIAN HUA AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP745/2013
On the proved primary facts and permissible inferences the court found compelling evidence that Asset Rich and Zhang Ying acted as nominees for the 1st respondent, that the 1st respondent concealed his interest and received transfers, and that the 1st, 2nd and 3rd respondents culpably failed in disclosure and enquiry obligations; their conduct constituted misfeasance and other misconduct under s.214(1)(b) and resulted in members being deprived of material information under s.214(1)(c); the application for orders to procure subsidiary litigation was dismissed as impracticable and unnecessary.