According to a press release on 19 Jun 2024, the Eastern Magistrates’ Court granted the applications made on behalf of the Secretary for Justice to transfer three large scale and sophisticated ramp-and-dump cases to the District Court for trial following joint investigations by the Securities and Futures Commission (SFC) and the Police. The first hearing in the District Court will be held on 9 July 2024. A total of 18 defendants were charged in the three cases with offences under the Securities and Futures Ordinance and the offences of conspiracy to defraud and money laundering involving the shares of Eggriculture Foods Limited, Fullwealth Construction Holdings Company Limited, and KNT Holdings Limited.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR108