Latest news with #TransmitEntertainment
South China Morning Post
3 days ago
- Business
- South China Morning Post
Hong Kong producer Raymond Wong to plead not guilty to insider trading
Film producer and actor Raymond Wong Pak-ming planned to plead not guilty to the alleged insider trading offences brought by Hong Kong's securities watchdog, according to his legal representative. Advertisement Wong, 79, is being prosecuted by the Securities and Futures Commission for alleged insider trading concerning shares in Transmit Entertainment, a television series production company previously known as Pegasus Entertainment Holdings. The watchdog alleges that the defendant, who was Pegasus Entertainment's chairman and controlling shareholder at the time, counselled or procured another person to deal in the company's shares between August 25 and October 17, 2017. Wong's legal representative informed Acting Principal Magistrate David Cheung Chi-wai at the Eastern Court that the defendant planned to enter a not guilty plea. The case has been adjourned until August 25 for further proceedings. The delay is to allow the defence to confirm whether they will contest the chain of custody for the WhatsApp records in question, the defendant's video conferencing, and the identity of the expert witness, as noted by Magistrate Cheung. Advertisement Cheung said that the court aimed to commence the trial on November 24, with an estimated duration of 15 days.
South China Morning Post
27-02-2025
- Business
- South China Morning Post
SFC starts insider case against Raymond Wong, Hong Kong comedian and Ip Man co-producer
Hong Kong's market regulator has started proceedings against veteran movie producer and actor Wong Pak-ming for alleged insider trading related to stock transactions in 2017 involving his movie production and distribution company. Advertisement The Securities and Futures Commission (SFC) said it commenced criminal proceedings against Wong on Thursday involving Transmit Entertainment, formerly known as Pegasus Entertainment Holdings, according to a statement on its website. No plea was taken and the court adjourned the case to March 27. He was granted a HK$200,000 (US$25,731) bail with reporting requirements for his movement and travel plans. The 78-year old businessman, popularly known in Hong Kong's entertainment industry as Raymond Wong, was suspected to have counselled or procured another person to deal in the shares of Pegasus around August 25 to October 17 in 2017, the SFC alleged. The logo of the Securities and Futures Commission at its office in Quarry Bay. Photo: Yik Yeung-man This happened while he was the chairman and the controlling shareholder and had information that he knew was inside information, the SFC said.
