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Wednesday
Jun292011

Pan Caihong wanted on Insider Trading Charges

DateWednesday, June 29, 2011 at 2:52PM

On 23 June 2011, the SFC reported that The Court had issued an arrest warrant for Ms Pan Caihong, a Mainland lawyer, failed to appear in court to face nine counts of insider dealing charges commenced by the SFC.

The SFC alleges that Pan had insider information on a placement of shares in Great World Company Holdings Limited (Great World) and she sold 1,652,000 Great World shares, avoiding a potential loss of about $87,000 just days prior to the announcement.

Further details are available here.

Article written by AuthorKathryn Mathers | | | Print ArticlePrint Article | CommentPost a Comment
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