On May 15, 2025, the Eastern Magistrates’ Courts convicted Mr. Lin Tai Fung and his brother-in-law, Mr. Or Chun Nin, for conspiracy to commit false trading in the shares of Pa Shun International Holdings Limited between April 9, 2017, and March 7, 2018. Lin was also convicted for failing to notify the Stock Exchange of Hong Kong (SEHK) about changes in his shareholding on eight occasions. The court found that Lin conspired with Or to manipulate the closing share price of Pa Shun shares to maintain it above a set level. The case is adjourned until June 10, 2025, for sentencing, with both defendants granted bail.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR68
