Hong Kong producer Raymond Wong to plead not guilty to insider trading

Film producer and actor Raymond Wong Pak-ming plans to plead not guilty to insider trading charges brought by Hong Kong’s securities watchdog, according to his legal representative.

Wong, 79, is being prosecuted by the Securities and Futures Commission for alleged insider trading concerning shares in Transmit Entertainment, a television series production company previously known as Pegasus Entertainment Holdings.

The watchdog alleges that the defendant, who was Pegasus Entertainment’s chairman and controlling shareholder at the time, counselled or procured another person to deal in the company’s shares between August 25 and October 17, 2017.

Wong’s legal representative informed Acting Principal Magistrate David Cheung Chi-wai at the Eastern Court that the defendant planned to enter a not guilty plea.

The case has been adjourned until August 25 for further proceedings. The delay is to allow the defence to confirm whether they will contest the chain of custody for the WhatsApp records in question, the defendant’s video conferencing, and the identity of the expert witness, as noted by Magistrate Cheung.

Cheung said that the court aimed to commence the trial on November 24, with an estimated duration of 15 days.

Source link

Visited 1 times, 1 visit(s) today

Related Article

EU biodiesel tariffs offer Hong Kong a chance to boost adoption of green fuel

EU biodiesel tariffs offer Hong Kong a chance to boost adoption of green fuel

The European Union’s (EU) tariffs on biodiesel and renewable diesel from China present Hong Kong with an opportunity to promote the use of low-carbon fuels, according to a business group, which called for more measures to support its adoption. A dearth of financial incentives and infrastructure has also resulted in limited use by the public

8 June 2025
Hong Kong minibus operators hail arrival of over 800 drivers from mainland China

Hong Kong minibus operators hail arrival of over 800 drivers from mainland China

Hong Kong has brought in more than 800 minibus drivers from mainland China as part of a temporary solution to the city’s labour shortage, with operators hopeful the scheme will be extended to help plug gaps in the ageing workforce. Minibus companies made the appeal after authorities reiterated that importing labour was only a “short-term”

8 June 2025
Opinion | Hong Kong’s co-hosting of National Games is about much more than sport

Opinion | Hong Kong’s co-hosting of National Games is about much more than sport

With China’s 15th National Games set for November, Hong Kong’s preparations are well under way. From Kai Tak Sports Park cutting its teeth on international events to the mobilisation of 15,000 local volunteers with training and test events, the city’s preparations signal that the Games are more than a sporting event. It is a platform

8 June 2025
Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Hong Kong’s Deputy Chief Secretary Warner Cheuk Wing-hing has announced dozens of measures to promote the “silver economy” and address the needs of the city’s ageing population. These cover five main areas: boosting consumption, developing tailor-made products, promoting quality assurance of “silver” products, strengthening financial and insurance protection, and encouraging older residents to re-enter the

7 June 2025
Hong Kong International Airport

Hong Kong Airlines Eyes Flights On Competitive Route To Melbourne

Hong Kong Airlines is set to launch a direct service between Hong Kong and Melbourne, Australia, creating competition on the two incumbent carriers already serving the city pair, Qantas and Cathay Pacific. The airline has secured traffic rights for the route and will announce further schedule details later this year. IATA/ICAO Code HKG/VHHH IATA Code

7 June 2025
33-year-old King Parrot Group shuts 9 restaurants in Hong Kong

33-year-old King Parrot Group shuts 9 restaurants in Hong Kong

The 33-year-old King Parrot Group, a well-known name in Hong Kong’s restaurant industry, shut nine eateries on Friday, owing more than 100 staff over HK$1 million (US$127,440), according to a union. The group, which ran more than 20 restaurants at its peak, informed staff of its decision to close the nine outlets with immediate effect

7 June 2025
Financial Secretary Paul Chan officiated the office’s opening ceremony. Photo: Handout

Chinese social media giant RedNote opens Hong Kong office, its first outside mainland

Chinese social media giant RedNote has opened an office in Hong Kong, its first outside mainland China, a move the city’s finance chief hopes will provide a boost to local businesses and the platform’s international expansion. Financial Secretary Paul Chan Mo-po said on Saturday that he had personally invited the company, also known as Xiaohongshu,

7 June 2025
0
Would love your thoughts, please comment.x
()
x