Nineteen defendants appeared in the District Court today for alleged securities fraud and money laundering involving shares of Eggriculture Foods, Fullwealth Construction, and KNT Holdings, following investigations by the Securities and Futures Commission (SFC) and the Police. No pleas were entered, and the cases were adjourned until March 25, 2025. Bail was granted with conditions including cash sureties, restrictions on leaving Hong Kong, and regular police reporting. Additionally, a case involving KNT Holdings shares was consolidated with another related case.
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