Asiasec Properties Limited 亞證地產有限公司
SFC starts MMT proceedings over suspected insider dealing in Asiasec Properties (0271)
| MMT Notice
SFC, 23-Apr-2024
Company secretary Cynthia Chen Si Ying allegedly dealt in the shares via her relatives before the takeover by Tian An China (0028). Also, a driver employed by Tian An parent Allied Group Ltd (0373) and his wife allegedly dealt. Interestingly, to discuss the takeover, Tian An Chairman Lee Seng Hui (referred to by the driver as the "eldest young master") took a trip to Beijing with middle-man Kin Chan of Argyle Street. Whom did they see there? Finally we note that the MMT notice was dated 29-Feb but it has taken 54 days for the SFC to announce this.
SFC, 23-Apr-2024
Company secretary Cynthia Chen Si Ying allegedly dealt in the shares via her relatives before the takeover by Tian An China (0028). Also, a driver employed by Tian An parent Allied Group Ltd (0373) and his wife allegedly dealt. Interestingly, to discuss the takeover, Tian An Chairman Lee Seng Hui (referred to by the driver as the "eldest young master") took a trip to Beijing with middle-man Kin Chan of Argyle Street. Whom did they see there? Finally we note that the MMT notice was dated 29-Feb but it has taken 54 days for the SFC to announce this.
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