Hong Kong Securities And Futures Commission Commences Insider Dealing Prosecution Against A Former Staff Of Hong Kong Television Network Limited

The Securities and Futures Commission (SFC) has commenced criminal proceedings in the Eastern Magistrates’ Court against Mr Ken Yiu Ka Lun, a former senior regulatory affairs manager of Hong Kong Television Network Limited (HKTV), for alleged insider dealing in the shares of HKTV (Note 1).

The SFC alleges that on 19 December 2013 and 20 December 2013, Yiu purchased a total of 101,000 shares of HKTV when he was involved in HKTV’s acquisition of a mobile television licence in his capacity as the company’s senior regulatory affairs manager. He disposed of all his HKTV shares shortly after HKTV’s announcement of the acquisition on 20 December 2013 (Note 2).

Yiu, who appeared in the Eastern Magistrates’ Court today, did not enter plea to the charges against him and the case was adjourned to 5 November 2019. 

Notes:

1. Hong Kong Television Network Limited (stock code: 1137) was listed on the Main Board of the Stock Exchange of Hong Kong Limited in 1997.
2. Yiu sold all 101,000 shares of HKTV after the publication of the 20 December 2013 announcement.