The Hong Kong Securities and Futures Commission published an enforcement update on the Eastern Magistrates’ Courts’ sentencing of Mr Choi Chun Wai, a former Vice President of Computershare Hong Kong Investor Services Limited, to two months’ imprisonment following his conviction for insider dealing in the shares of ENM Holdings Limited. The court also imposed a fine of HKD 289,500, described as equivalent to the losses avoided, and ordered him to pay SFC investigation costs of HKD 120,407. The court heard that, while employed as a vice president of corporate services at Computershare, Choi obtained inside information about ENM’s privatisation and sold all 1,500,000 of his ENM shares on 25 September 2023 ahead of ENM’s announcement that the privatisation had lapsed, thereby avoiding an estimated loss of around HKD 289,500. In sentencing, the court noted his remorse but held that insider dealing is a serious offence warranting an immediate custodial sentence.
Hong Kong Securities & Futures Commission 2025-12-18
Hong Kong Securities and Futures Commission reports two-month jail term and HKD 289,500 fine for former Computershare executive convicted of insider dealing in ENM Holdings shares
The Hong Kong Securities and Futures Commission reported that Mr. Choi Chun Wai, former Vice President of Computershare Hong Kong Investor Services Limited, was sentenced to two months' imprisonment for insider dealing in ENM Holdings Limited shares. He was fined HKD 289,500, equivalent to the losses avoided, and ordered to pay investigation costs of HKD 120,407. The court emphasized the seriousness of insider dealing despite acknowledging his remorse.