A Comissão de Valores Mobiliários e Futuros de Hong Kong iniciou um processo de investigação e pesquisa de arbitragem contra o ex-presidente da Dinging Yifeng e outros suspeitos por alegada manipulação das ações da Global Intelligent Control Holdings Limited.

A Golden Week News on November 12th, the Securities and Futures Commission of Hong Kong has initiated an inquiry into suspected market manipulation activities of Global Smart Holdings Limited’s shares. The Market Misconduct Tribunal has commenced an inquiry into former chairman and non-executive director Sui Guangyi (male) of Deyi Feng Holdings Group International Limited, two corporate entities, and 28 other suspects. The SFC alleged that Sui and 30 other suspects manipulated trading in Smart shares from October 31, 2018, to March 11, 2019, to inflate the stock price and trading volume, leading to false or misleading representations of the trading activity and related stock prices. The paired trading between the securities accounts of these suspects accounted for a significant portion of the trading volume in Smart shares at critical times. As of December 31, 2018, Smart shares accounted for 21.68% of Deyi Feng’s total assets, so the substantial increase in the Smart share price also brought significant investment returns to Deyi Feng. The SFC had issued restriction notices to freeze securities accounts related to suspected market manipulation activities in Smart shares. These restriction notices are still valid.