The Securities and Futures Commission (SFC) has issued a warning to the public regarding a suspicious investment plan related to Big Boss Night Club (大富豪夜總匯投資方案). The plan involves a potential offer to the public in Hong Kong to purchase shares in a company operating the club. The SFC suspects that the document outlining the share offer may constitute a “prospectus” without proper authorization under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (CWUMPO), or it may be an unauthorized advertisement or invitation to enter into securities transactions under the Securities and Futures Ordinance (SFO). As a result, the SFC has included the share offer on its Suspicious Investment Products Alert List and advises the public to exercise caution and refrain from investing without proper authorization.
The SFC emphasizes that investing in any share offer without the SFC’s authorized document is risky and potentially illegal. The public is urged to be vigilant and skeptical of investment opportunities that appear too good to be true. The SFC is committed to taking appropriate actions against any breaches of the law and will closely monitor the situation to protect investors’ interests.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR87