10 Nov 2023
SECURITIES AND FUTURES COMMISSION v. TSE ON KIN
- Citation
- [2023] HKCFI 2907
- Court
- Court of First Instance
- Case number
- HCMP210/2017
On the admitted and agreed facts the Court was satisfied that Mr Tse had conducted the business and affairs of Kong Sun and China Grand in a manner involving defalcation, fraud, misfeasance and withholding of material information within s214(1)(b) and (c); a 10 year disqualification was proportionate given the fraudulent and dishonest conduct repeated across two placements, the making of false filings and announcements and the secret profit obtained; lifting the veil of the nominee was justified and an order that Mr Tse account for and pay HK$2,185,784.10 to Kong Sun was appropriate under s21…