SEC Announces Insider Trading Charges Linked to China Tech Deal; SEC alleged two Beijing residents bought out-of-the-money call options before deal was announced

SEC Announces Insider Trading Charges Linked to China Tech Deal; SEC alleged two Beijing residents bought out-of-the-money call options before deal was announced


April 30, 2015 1:09 a.m. ET

The U.S. Securities and Exchange Commission announced insider trading charges against two Beijing residents on Wednesday, alleging they purchased stock options ahead of Chinese e-commerce company’s purchase of a $1.6 billion minority stake in rival

The regulator said a court had granted its request to freeze assets in the U.S. brokerage accounts of Xia Xiaoyu and Hu Yanting. The SEC alleged the two bought out-of-the-money call options, or bets that the stock price of a company will go up, in New York-listed after the deal was signed but before it was announced. The SEC said Mr. Xia and Ms. Hu had profited by more than $2 million through their purchase of the options.’s stock surged by 34% after it was initially reported that the two companies would agree to a deal. Continue reading


Former Inix Technologies Bhd CEO Jimmy Tok Soon Guan jailed for 45 months for providing false accounting statements.

Former Inix CEO jailed for 45 months

Thursday, 23 April 2015

PETALING JAYA: Inix Technologies Holdings Bhd’s former chief executive officer, Jimmy Tok Soon Guan, has been sentenced to 45 months in jail for providing false statements. The Securities Commission (SC) said in a statement yesterday that the sentence was imposed by the Court of Appeal.

Tok, 45, was charged in the Sessions Court in 2011 with one count of providing false information in the company’s prospectus under Section 55 of the Securities Commission Act (SCA) and four counts of submitting false statements to Bursa Malaysia in the company’s quarterly reports between October 2005 and July 2006 under Section 122B of the Securities Industry Act (SIA). Continue reading

Hanergy: Where Did All That Money Go?!

April 24, 2015, 12:04 A.M. ET

Hanergy: Where Did All That Money Go?!

By Shuli Ren

First Financial Daily, a well-respected financial newspaper in China, had a damninginvestigative report on Hanergy Solar‘s (566.Hong Kong) parent Hanergy Group today. According to First Financial, since 2009, Hanergy Group has raised billions from bank loans, trusts and peer-to-peer lending in the name of funding solar projects. But many projects are stalled.

Hanergy Group sounds like it was hanging with the right crowd. Last January, it said that it has raised at least 20 billion yuan from reputable financiers such as the Minsheng Bank and Minsheng-affiliated Asia Financial Cooperation Association, and back in 2011, it raised 30 billion yuan from China Development Bank. But First Financial was unable to obtain details on these mega financing deals. Rather, Hanergy Group has been funding from small, regional banks, as well as trusts. Continue reading



第一财经日报 慕青 2015-04-24 06:56:00

2009年以来,凭借“四处开花“的太阳能项目,借助银行、信托、民间借贷等多种途径,汉能控股近年来从外界获得了巨额融资。不过,与汉能控股不断加码光伏项目投资的高调相比,访分布在全国各地的生产基地中,多数项目进展缓慢,有的项目投建计划无法按时实现,甚至停工等待,投产更是遥遥无期。 Continue reading



第一财经日报 黎雨 时晓 2015-04-24 06:44:00




汉能背后,是中国新首富的崛起神话。李河君的版图扩张和财富增速令人咋舌。 Continue reading



一财网 青水 2015-03-17 22:45:00


你可能不知道汉能薄膜发电这只港股,但你应该听说过最近冒出来了一位赶超马云王健林的中国新首富——李河君。而他背后的财富来源,正是这家过去默默无名的汉能。随着它的股价如火箭般直冲云霄,李河君的身家也已经成为一个传说。 Continue reading

Royal Bank of Canada denied allegations that it committed stock manipulation of SK Holdings to avoid paying high returns to investors five years ago. RBC alleged to intentionally sold SK shares 10 minutes before its ELS matured
Updated : 2015-04-22 18:14

RBC denies stock manipulation allegation

By Kim Jae-won

The Royal Bank of Canada (RBC) denied allegations Wednesday that it committed stock manipulation to avoid paying high returns to investors five years ago.
Earlier this month, the Supreme Court allowed two Korean investors to file a collective lawsuit against RBC over the Canadian investment bank’s management of equity-linked securities (ELS) in April 2009. Hannuri Law, a legal representative for the investors, argued that RBC intentionally sold some 70,000 shares of SK Holdings 10 minutes before its ELS matured. With this transaction, shares of SK Holdings closed at 119,000 won ($110), inflicting combined losses worth 3.26 billion won to 437 investors.  Continue reading