Hong Kong Securities and Futures Commission announced that the Eastern Magistrates’ Courts has sentenced Mr Lin Tai Fung and Mr Or Chun Nin to 240 hours and 160 hours of community service respectively following their conviction in an SFC criminal prosecution for market manipulation. The pair pleaded guilty to conspiracy to commit false trading in the shares of Pa Shun International Holdings Limited between 9 April 2017 and 7 March 2018, and Lin also pleaded guilty to failing to notify The Stock Exchange of Hong Kong Limited of changes in his interest in Pa Shun shares on eight occasions between 2 June 2017 and 14 March 2018. The Court described the offences as serious and considered imprisonment, but imposed community service orders after taking into account mitigating factors, probation officer suitability reports and the guilty pleas, and ordered both defendants to pay the SFC’s investigation costs.
Hong Kong Securities & Futures Commission 2025-07-10
Hong Kong Securities and Futures Commission prosecution leads to community service orders for Pa Shun false trading conspiracy
The Hong Kong Securities and Futures Commission announced that Mr. Lin Tai Fung and Mr. Or Chun Nin were sentenced to community service for market manipulation. They pleaded guilty to conspiracy to commit false trading in Pa Shun International Holdings Limited shares, and Lin also admitted to failing to notify changes in his share interest. The court considered imprisonment but chose community service due to mitigating factors and guilty pleas.