Techub News Announcement, the Hong Kong Securities and Futures Commission issued a notice stating that the Sha Tin Magistrates' Court found former Executive Manager Wang Yulan of China All Access (Holdings) Limited guilty of "fraudulent trading" related to the company's shares. The announcement states that the defendant, between December 29 and 31, 2014, minutes before market close, placed a series of buy orders at prices higher than the prevailing market price. It was determined that these orders were not genuine purchase intentions but were intended to create a "false or misleading appearance of demand" to alleviate the margin call pressure on related margin accounts. The defendant is currently in custody, and the case is scheduled for sentencing on December 17, 2025.
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Techub News Announcement, the Hong Kong Securities and Futures Commission issued a notice stating that the Sha Tin Magistrates' Court found former Executive Manager Wang Yulan of China All Access (Holdings) Limited guilty of "fraudulent trading" related to the company's shares. The announcement states that the defendant, between December 29 and 31, 2014, minutes before market close, placed a series of buy orders at prices higher than the prevailing market price. It was determined that these orders were not genuine purchase intentions but were intended to create a "false or misleading appearance of demand" to alleviate the margin call pressure on related margin accounts. The defendant is currently in custody, and the case is scheduled for sentencing on December 17, 2025.