The Hong Kong Securities and Futures Commission reported that the Eastern Magistrates’ Courts has ordered suitability reports on whether community service orders are appropriate for Mr Lin Tai Fung and his brother-in-law, Mr Or Chun Nin, following their conviction for conspiracy to commit false trading in the shares of Pa Shun International Holdings Limited between 9 April 2017 and 7 March 2018. Sentencing was adjourned to 8 July 2025. Lin also pleaded guilty to failing to disclose to The Stock Exchange of Hong Kong Limited changes in his shareholding level in Pa Shun shares. Bail was granted on conditions including cash bail of HKD 20,000 and a surety of HKD 50,000. The court’s next step is to consider sentencing after receiving the ordered suitability reports, with the hearing listed for 8 July 2025.
Hong Kong Securities & Futures Commission 2025-06-11
Hong Kong Securities and Futures Commission prosecution results in sentencing adjournment to 8 July 2025 for Pa Shun false trading conspiracy
The Hong Kong Securities and Futures Commission announced that the Eastern Magistrates’ Courts ordered suitability reports for Mr Lin Tai Fung and Mr Or Chun Nin after their conviction for conspiracy to commit false trading in Pa Shun International Holdings Limited shares. Lin also pleaded guilty to failing to disclose changes in his shareholding to The Stock Exchange of Hong Kong Limited. Sentencing is scheduled for 8 July 2025, with bail conditions set at HKD 20,000 cash and a HKD 50,000 surety.