The Securities and Futures Commission (SFC) has initiated criminal proceedings against Mr. Lin Tai Fung and his brother-in-law, Mr. Or Chun Nin, for allegedly conspiring to engage in false trading of shares in Pa Shun International Holdings Limited between April 2017 and March 2018. Lin is also charged with failing to disclose changes in his shareholdings on eight occasions during that period. The court did not take a plea and adjourned the case to March 20, 2025, allowing the defendants time to seek legal advice. They were granted bail under specific conditions, including cash bail of $20,000 and a surety of $50,000.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR12
