The Shatin Magistrates’ Court has convicted Ms Wong Yuk Lan, Administration Controller of China All Access (Holdings) Limited (China All Access), for false trading in the company’s shares, following a prosecution brought by the Securities and Futures Commission (SFC) (Notes 1 to 3).
Wong was remanded to custody for sentencing on 17 December 2025, pending background report.
The Court was told that Wong was the “de facto wife” of Mr Chan Yuen Ming, Chairman of China All Access. At the material time, Chan held a beneficial interest in 381,400,000 shares of China All Access through a securities margin account under the name of Creative Sector Limited (Creative), a company wholly owned and controlled by him.
Between 29 and 31 December 2014, Wong placed a series of bid orders for China All Access shares through her personal securities account. The bid orders were made in the final minutes before the market close and at prices above the prevailing market levels.
The Court found that Wong had no genuine purpose for buying China All Access shares when she traded, but wanted to create a false or misleading appearance of demand in the market for China All Access shares. This was done in order to alleviate the pressure arising from margin calls on Creative.
Notes:
- Please refer to the SFC’s press release dated 23 May 2024.
- Under section 295 of the Securities and Futures Ordinance, it is an offence for any person to do anything with the intention that it has or is likely to have the effect of creating a false or misleading appearance with respect to the market for, or the share price of, securities or futures contracts, etc.
- China All Access was listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2009 (former stock code: 633). The listing of its shares was cancelled on 16 January 2023.
