Court Of Appeal Dismissed Hong Kong Securities And Futures Commission’s Leave Application To The Court Of Final Appeal Against MMT Decision On Asia Telemedia Limited Case

The Court of Appeal has dismissed the Securities and Futures Commission’s (SFC) application for leave to appeal to the Court of Final Appeal against the Market Misconduct Tribunal’s (MMT) findings that two former executives of Asia Telemedia Limited (now known as Yunfeng Financial Group Limited), Mr Yiu Hoi Ying and Ms Marian Wong Nam, had not engaged in insider dealing (Notes 1 to 3).

The SFC is reviewing the decision.

Notes:

1. The MMT was chaired by The Honourable Mr Justice Michael Hartmann with two lay members, Mr Stephen Chan Sai Hung and Dr Ricky Chu Keung Wah.  The MMT’s decision is available on its website (www.mmt.gov.hk).
2. A copy of the Court of Appeal judgment (Case No:CACV 154/2016) is available on the Judiciary’s website (www.judiciary.gov.hk).
3. Please see the SFC’s press release dated 28 April 2017.